St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-16

q ssas az ssss Or ohs.g.aon for an
fanoA not otherwise appropriated.
Ray . d1sehAssa "a are actually /
shs treasury OF aid city 1T h time o
making eoatract or mourning q
debt or ~oDlsgesion and are speoiacalI
set aside n dedicated to said purpose
foregoing Mmitaton and reslrictio
ean.ra ess eRDl ssi Hr f. held tao to apply u, i
respect to ths furnishing to said city o
light. Q or power. water. telsphonl
servics or garbage removai or destrss
tion.
aid Ely may IN n cs1enda,
the taxes OF such calendar year, and fel
the purposes for which such taxes ar,
levied. borrow such sums as SHAH no
be in excess OF the amount OF it's I'm.
issue its notes or other evidences Of
indebtedness therefor. and such sum
notes or other evidences Of Indebted
ness shall be payable only out of th4
o or loans are first made. and FOR
which indebtedness said shall
De pledged, and said indebtedness shall
nos Pc payable put of any other fund.
or moneys Whatsoever No money shall
DO borrowed by the said city except roy
current municipal purposes, and in NO
event shall any money be borrowed By
seio city 20 make or to pay for works
OF public Improvement. Bald city may
issue for street paving purposes certif-
Gates on It's fairn n credit pursuant 70
legislative axthority, TO an amount mot
IN excess OF any special assessments
which have been or shall be made for
hereafter issued shall be o~harseabie
primarily against the special assess
meats In respect Of which they are is
sued. and secondariiy against the rsve-
from taxation for general municipal
purposes n from sources other the
the taxes for the payment OF the pripcl-
pal ard interest OF the bonds NOW 6ut-
der thig pavins certificates only in the
event event q anS 70 tas extent tha such
PILED Ia In payment Of sYeh special assess
msnt, and reimbursement shall be made
to the general funds Of the City Of New
Orleans when the assessments are coli
looted to the extent OF the amount that
the said general funds shall have con-
much OF ACT No. % Of the General AS
sembly OF the State of Louisiana for the
year 1917 as may be inconsistent here
w M,' n.1 ls hereby repealed. ana hsrsaft1r
Epon the gleaee Of the reserve fund OF
me City Of New Orleans, but such GER
t1ncafes snail be secured az herein n
2',sss~a 7. psoyidsd for by said act or
conflict herewith: provided. however,
hat paving certificates, for which the
.aAth and credit OF the City of New Or
sans shall be pledged. whether issued
y under s~ubsequent legislation. shall
fot at any on time be outstanding In
N amount In excess of Five Million
Dollars C5.eoo,o00) In face value.
CnnkfA~ IL |
y the City Of New Orleans for ali pur-
'oses hall never exceed ten per cenfum
the assessed valuation of the proper
y In said city provided. however, that
either the bonds issued for water.
Z, the s11.ooo. 600 Public Improvement
tonds issued under said Act No. s Of
500 and the $1,000. 900 New Pub
Q improvement Bonds issued un-
s s.sm Ass Nc; L Of the General
y the year 1903. and acts
hereto. as well an such bonds, hereby
T hereafter authorized, into which the
. refunded), nor the $4,000, 900 Public
cit Railroad Bonds authorised by Act
q. I7s of the General Assembly of the
ate OF Louisiana for the year 1908,
ublic Belt Railroad purposes, nor any
which may hereafter be issued
IT water supply or for the acquisition
constructor OF any revenue produc-
ties primarily chargeable against spe-
assessments for street paving, shall
Included in computing the indebted
sss Of said City of New Orleans under
at emergency bonds may be issued as
in Section 5 Of Il amend-
emit even though said limitation shall
We been reached provided that the
ne Million Dollars of bonds authorized
Section 1 of this amendment shall
De subject TO the limitation herein
ed at the time or times that same
be issued; but, with respect to
y other bonds that may be issued
all be included in the computation
i'd Nine Million Dollars Of bonds, NOT
t~hstandtng the fact that all Of said
ne h Mallion Dollars OF shall not ]
lount of emergency bonds az NAV be q
on outstanding. !
Il. The Board of Liou,da- /
N, City Debt, as now organized and
sated with the powers, duties ana
notions prescribed by existing laws I
d by this amendment. shall be con- q
Iued while any bonds authorized py q
e are outstanding and vi 9
"a ana all taxes which may be levied /
the payment of said bonds shall, day :
day as collected, be paid over to said =
ard, and shall by 1t be applied In pay !
mt OF the principal and interest of Il
q bonds; and SAID board shall with i.
'pect to all bonds authorized by this g
be entitled to exercise All .
rights and enforce the performances e
all the obligations, the same as 1t lie o
TO 90 under laws existing at q
time OF the adoption of this amend. q
mt with respect to any of the present O
outstanding bonds Of said City OF I,
" Orleans. All funds, property and o
g OF value held by. the Board of LIZ Ii
11fv= nnht for L1-z -
poses other than taxes now or here q
er levied, and particularly all funds. .
'perty and things of value now OF !,
eater held by said Board under Act q
tie of Louisiana for the year 1880 a
all amendments thereto, shall when CT
eased from contract obligations or
imposed by laws existing az q
Mt be used n employed in the dis b
alton OF said Board in payment and al
Of any bonds of the City OF h,
v Orleans then outstanding. fl
ection Is. For general municipal b
poses, exclusive Of the support and o.
intenance of the public schools and So
payment of the bonded debt of the
7 OF New Orleans, said city a ia tn
3 year levy upon all taxable property ia
MN sald city q tax not exceeding ia
assessed aluation thereon: pro- p,
ID. however, that when the one per q,
debt tax authorized by said Act No. -
OF 1890 and the two mill water and y
er tax authorized by said Act No. 6 ~
500 shall both have ceased to be Law. "a
and If thereafter the taxes levied nv Ia
City Of New Orleans in any one AZ
: for bonded debt purposes be less ~
l ten mills, said city may In such ar
its levy for It's general n,1rnnsa. on
i additional tax which, when added by
the tax of six and one-half mills st
by authorized and the taxes leyIad tn
the payment Of the principal and
rest of its bonds as they severally Sp
ure, shall not exceed in the arare-
sixteen and one-half mills.
,etion Is. The reservation Of twen- Ii
er cent of the of the CITY
Few Orleans shall not hereafter be
9 as directed by Section 40 Of the
No. 159 of the General Assembly Of
State of Louisiana for tha 70.