The Natchitoches enterprise., 1916-11-02


the treasury OF sail city at the time OF
making the contract or mourning the
debt or obligation and are specifically
Get aside and dedicated to said purpose,
unless herein otherwise provided. The
foreEoing Limitation and RESTRICTION
shall not apply or be held to apply to
contracts or obligation incurred With
respect to the furnishing to said city or
light. heat or power, water, telephone
service or garbage removal or destruc-
tlon.,
The said city may in any calendar
year in anticipation of the collection OF
the taxes of such calendar year, and for
the purposes for which such taxes are
levied, borrow such sums as shall not
be in excess of Che amount of its un-
COLLECTED taxes of such year, and may
issue it's notes or other evidences OF
Indebtedness therefor, and such sum,
notes or other evidences of indebted
ness shall be payable only out OF the
taxes of tie calendar year In which SAID
loan. or loans are first made. and for
which Indebtedness said revenues shall
be pledged and said indebteInes shall
not be payable out of any other FUNDS
or moneys whatsoever No money snail
be borrowed by the said city except TOT
current municipal purposes, and in no
event shall any money be borrowed by
said: city to make or to pay for works
of public Improvement. Said city may
issue for street paving purposes certln-
Gates on its faiIL and credit pursuant to
in excess of any special assessments
which have been or shall be made for
such purposes Such paving certlhcateS
hereafter issued shall be chargeabie
men.s IN respect OF which they are Is
sued, and secondarily against the reve-
nueg of the City of New Orleans derived
from taxation for general municipal .Ia
purposes and from sources other than
the taxes for the payment of the princi-
pal and interest of the bonds now out
standing or hereafter to be issued un-
der 3his paving certificates only in the
event and to the extent that such
amendment, which revnues shall be ap-
piled in payment of such special assess
ments shall be insufficient for such pay
menE, and reimbursement shall be made
to the general funds of the City of New
Orleans when the assessments are col
1ected to the extent Of the amount that
the said general funds shall have con-
tributed to the payment aforesaid: SO
sembly of the State of Louisiana for the
year 1914 as may be inconsistent here
with Is hereby repealed, and hereafter
no paving certificates shall be issued
the City Of New Orleans, but such GER
tificetes shall be secured as herein and
otherwise provided for by said act or
subsequent legislative authority not IN
that paving certificates. for which the
faith and credit of the City Of New Or
leans shall be pledged. whether issued
under the aforesaid Act No. % OF 1914,
or under subsequent legislation, shall
not at any one time be outstanding in
an amount In excess Of Five Million
Dollars $4,000 0OO) in face value.
Section Is. The total issue of bonds
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
ty IN said city provided, however, that
neit3Ser the bonds issued for water,
sewerage and drainage purposes (name-
ly, The S12,ooo,OOo Public Improvement
BonEs issued under said Act No. Of
1899 and the ss.000.00o New Pub
lie Improvement Bonds issued un--
der Act No. 10 of the General
Assembly of the State of Louisiana
k0E the xsaEEn 1905 and acts
fheksseS. mE well a6 such bon1a. haFUDy
or hereafter authorized. irto which the
be refundedJ, nor tho $4,000. 600 Pubic
Belt Railroad Bonds authorized by ACT
No. 179 of the General Assembly OF the
State OF Louisiana for the year 1908,
nor any bonds hereafter authorized Tor
Public Belt Railroad purposes. nor any
BOMBS which may hereafter be issued
for water supply or for the acquisition
or construction Of any revenue pro1uc-
ing public utility, nor any paving certif-
Gates primarily chargeable against spe-
cial assessments for street paving shall
be included In computing the indebted
ness Of said City Of New Orleans under
this limitation; and provided further,
authorized in Section of this amend
merit even though said Limitation shall
have been reached provided that the
Ninx Million Dollars of bonds authorized
by Hection / of this amendment shall
not be subject to the limitation herein
fxe5 at the time or times that same
shall be issued; but, with respect TO
any other bonds that may be issued
AmnnnrNent there
ahals be included in the computation
said Nine Million Dollars of bonds, not
withstanding the fact that all OF SAID
Nine Million Dollars or bonds shall not
have been actually issued. and sucn
emsunt Of emergency bonds an may be
then outstanding.
Section IA. The Board OF Liquida-
tor City Debt, as now organized and
created with the powers, duties ana
functions prescribed by existing laws
and by this amendment, shall be con"
timed while any bonds authorized Dy
this amendment are outstanding and un-
paid; and all taxes which may be levied
Tor, the payment Of said bonds shall, day
by day as collected, be paid over to said
Board, and shall by 1t be applied in pay
mestt Of the principal and interest OF
said bonds; and said board shall with
resract to all bonds authorized by this
am3ndment be entitled to exercise ali
the rights and enforce the performances
Of Sll the obligations the same az II ie
authorized to do under laws existing al
the, time Of the adoption of this amend-
me{lt with respect to any of the present
fy outstanding bonds OF said City OF
New Orleans. All funds property and
xhings Of value held by the Board OF Lii
qui9ation. City Debt. for bonded deot
purposes other than taxes now or here
after levied, and particularly all funds.
property and things OF value now or
hereafter held byEaid Board under Act
No. l33 OF the &C aral ssembly or the
and ali Amendments thereto, shaK when
. released from contract obligations or
dcdications imposed by laws existing 81
the time of the adoption OF this amend
creation of said Board In payment and
Tetirement Of any bonds OF the City OF
New Orleans then outstanding
Section 15 For general municipal
PURPOSES exclusive OF the support ana
mafntenance of the public schools ana ana
City of New Orleans. said city may in
each year levy upon all tax-ale property
within said city tax not exceeding
six and one-half mills on the dollar or
the assessed valuation thereof pro-
yided, however, that when the one per
cent debt tax authorized by said Act No.
10 of 1890 and the two mill water ami
sewer tax authorizes by said Act No. .
OF 1899 shall both have ceased to be lev
led and If therea ter the taxes levied ~
fhe city of New Orleans in any one
year for bonded debt purposes be less
thar ten mills. said city may In sucn
events levy for its general purposes
such additional tax which, when cd led
10 the tax of six and one-Half mis-
hereby authorized AMI the taxes leyied
for the payment Of the principal ana
interest of its bonds as they severally
mature shall not evreed In the aggre-
gate sixtaeT. end o. half mills
Section 16. The rsssz walton OF TWEEN
~ rer ce-f Of the reveT-pas Of the City
of New Orleans shall net hereafter be
made as directed by Sertion 40 OF the
Act No. 159 of. the General Assembly OF
the State Of louisiana for the year
1917. except insofar as the fund 50 de
rected to be reserved shall have been
appropriated or dedicated before this
ay,5endnent takes effect to the payment
on any obligation or the City of New
Or,ears. and said reserve fund Of EACH
year; when released from the obliga-
tons charged against u by law ana be-
cause of contracts, existtng.Sat the tSIne
AZ fhe adoption OF this amendmenS