The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1916-11-04

ments shall be insufficient for such pay
ment and reimbursement snail De L.
70 the general funds OF the cry OF -"
Orleans when the assessments are Co'
lected to the extent OF the amount uA'
the said general funds shall nave con-
tributed 70 the payment aforesaid -
much OF Act No % OF the General Hs-
sAmbly OF the state OF Louisiana Tor the
year 1914 may he inconsistent ne.
with is hereby repeated, ana heFea-l'
no paving ~s-tiSCatss SHAH De !Ss4eL
vpOr the plelge Of the reserve fEnd OF
ne city % %ew orleans. bat Slsh 'eI
| tiNcates shall he secured as herein anu
| subsequent legislative authority NOT IN
| contact herewith. provided. however
that paving ce-tifcates. FOR which me
! faith and credit ~ the city OF New OF
| leans sHau No pledged. whether lssuel
| under the aforesaid Act No. IS OF -;
| or under subsequent Iesis q ton. shai
! not az any one time be outstandluE IN
an amount ~ excess ~ rye h'''''"
. Dollars - 900 @upp IN face NAIue-
~..t,o- e. The total issue % bonds
/ Ny the CIV IF New orleans ror all pur-
| poses S1al' never eN~"-i ten Per ceHIim
I OF the assessed valuation u the pIottr
I ~ IN SAID city provided hn"eErL- IN
I neither the bonds issued for water
/ erwrrag. and drainage purposes name
/ w. the 81. 100000 Public Improvement
! l:uuIs ISSUED under said ACT No - OF
IISg9 and the SS,0o0,0O0 New Fuo-
/ lie Improvement Bonds issued un-
/ der Act No. - OF the Genera!
! Assembly OF the state Of Louisiana
! for the year 1905, and actS
| arnnadatDrv thereof and shpp'eiHeht1-
! thereto rs vel as such bonds. hereby
! or hereafter authorized. into which the
| aforesaid bo04S or any par theIOI may
! ro r"fuUdciD. nor ~" S-pvVV"C fu.'.o
! R,It Railroad Bonds authorized by ACt
; 10 l1y OF the General Assembly OF the
/ state of Louisiana tor the year l'vN.
/ nor any bonds hereafter authorized Tor
/ Public Belt Railroad purposes. nor any
/ bonds which may hereafter be iSSut-i
| for water supply or for the acquisition
! or construction Of any revenue pTol4C-
| ing public utility. nor any paving ceTth-
| Gates primarily CIaTErahIe against SPt-
! ri,l assessments tor street paving. shaLL
! he included IN computing the lnd"h'td-
! ness OF said city Of New Orleans under
! this Limitation; and provided luTtheI'
! that emergency bonds NAV ne iSS!eu az
! authorized in Section Of this amend
! mcnt even though said limitation Shd4l
! have been reached provided mat 'he
! Nine Million Dollars of bonds authorized
| hv Section ! OF this amendment snail
/ MT be subject TO the limitation herein
'ved At the time OF times that same
/ shall he issued: but, with respect TO
any other bonds that may he issued
! hereafter under this amendment mere
! shall lie included in the computation
! said Nine Million Dollars Of bonds. not
! withstandiuG tn" fact that all OF said
( Nine Million Dollars or bonds shall nor
/ have been actually issued. and sucn
/ amount OF emergency bonds as may be
| then outstanding.
Section u. The Board OF LiquIda-
| tion. city Debt. as now orShnlzei and
! created with the powers duties ana
! Functions prescribed hv existing laws
! and 10y this amendment. shall he con-
I tinued while any bonds authorized by
/ this amendment are outstanding ana uh-
! paid. and all taxes which may he Levied
/ for the payment Of said bonds shall. day
, hv day as collected, be paid over to said
! BOARD. and shall 10y II be applied In pay
: ment of the principal and iut"rsst or
| said bonds: and sad board shall with
| respect to all bonds authorized by TINS
! amendment he entitled to exercise ait
! the rights and enforce the performance
! Of all the obligations. the same as u -
! authorized t. 10 under laws existing at
/ the time of the adoption Of tins amend
| ment with respect L. any Of the present
! " outstanding bonds of said city or
! New Orleans All funds. property and
! things of value held by the Board OF LII
| ruidatiOn. city Debt. for bonded deDt
/ purposes other than taxes now or here
after levied. and particularly ali funis.
| prOpertv and things OF value now or
| hereafter held 10y said Board under Act
! No 1873 Of the General ssembly OF the
| State of Louisiana for the wear 1SNo
and all amendments thereto, shall when
| released from contract obligations or
| dedicationS imposed by laws existing az
the time Of the adoption Of this amend
| rent lie used and employed in the dis
! creation Of said Board In payment and
New Orleans then outstanding.
Section Il. For general municipal
purposes. exclusive of the support and
maintenance of the public schools and
/ the payment of the bonded debt OF the
! city Of New orleans said city may in
each year levy upon all taxable property
| within said city a tax not exceeding
six and one-half mills on the dollar OF
the assessed valuation thereof. pro-
! Vided. however. that when the one pei
cent debt tax authorized by said Act No
10 of 1890 and the two mill water and
| sewer tax authorized by said Act No.
OF 1899 shall both have ceased to be lev.
| led and If thereafter the taxes levied 10y
! the city of New Orleans in any one
wear for bonded debt purposes be less
| than ten mills. said city may In suCr
events levy for its general purpose:
| such additional tax which. when added
| 10 tho tax OF six and one-half mlns
hereby authorized and the taxes LEVIED
for the payment OF the principal ant
interest OF its bonds as they severally
mature shall rot exceed in the aggre
gate sixteen and one-half mills.
Section 10. The reservation Of TWEEN
~ per cent OF the revenues OF tho City
Of New Orleans shall not hereafter bt
made as directed 10y Section 40 of tn,
Act No. 159 Of the General Assembly ot
the State Of Louisiana for the year
1872 except insofar as the fund so di
] reCted to he reserved shall have beer
: appropriated or dedicated before this
amendment takes effect to the payment
Of any Obligation or the City of New
Orleans and said reserve fund OF each
year. when released from the ohliEn
tons charged against II by law and be
cause OF contracts. existing at the time
, of the adoption OF this amendmen,
: shall be used for general municipal pur
! poses.
Section i. For the support. mainte
2 nance construction and repair OF tn,
1 | public Schools In the city of New Or
| leans. the Board Of Directors OF the
PGhlic Schools. Parish Of Orleans or IL.
b | legal successor. snail levy annually
! such tax. not exceeding three and one
necessary. which levy shall be certified
| by said BOARD 10 the Commission COun
| ell or Oth-r future governing body o
} | the CITY Of New Orleans which shat
10 cause the tax to be entered upon tn
| tax rolls Of said city according to Law
| | against all taxable property in SAT-
| city as assessed and valued for GU
3 taxation purposes. and said tax shall b
| collected by said CITY and paid over L
r | said BOARD OF Directors of the Pubic
! schools. Parish Of Orleans. day by da!
as collected
l said tax shall he in lieu OF all taxes
appropriations and funds now author'z
= ell or directed 10 he levied or contrib
T uted by the city Of New Orleans 70
. | public school purposes. either by sai'
Z ! Act No. 10 OF $3.50 or other provision
70 | OF tho Constitution Of this State Al
5 | constitutional provisions to the con
| trarv. as well as Act No. 2s2 Of tn
a General Assembly If tho state OF Louis
, lana for the year 1914. ratified rs al
. ! amendment TO the constitution Of th'
{ state. are hereby ahrogated and repeal
!. ! c,I. and the city oT New Orleans shall
I | have no power or authority to use o
, | employ any Of It's taxes or funds 70
! ! the establishment support or mainte
Z nance OF the public schools directly o
= ! indirectly. PVrept "a herein authorized
!, | provided. however. that the city Of New
=. orleans shall administer use and er