Tensas gazette., 1916-09-22

Section 1s. The Board of Directors
Of the Public Schools Parish Of Orleans.
or Its legal successor. shall not capi-
talize the whole or any part OF the
thorized to levy, nor fund the same into
bonds. nor borrow money in anticipation
OF the collection thereof; provided that
said Board may, in any calendar year.
in anticipation Of the collection OF the
taxes OF such calendar year and for the
purpose for which such taxes are levied.
borrow such sums as shall not be in ex-
cess Of the amount of its uncollected
notes or other evidences of Indebtedness
therefor. and such sums. notes or other
evidences Of Indebtedness shall be pay
able only out of the taxes Of thescalen-
dar year in which said loan b ioans
are first made and for which Indebted
ness shall not be payable out OF any
other funds or moneys whatever; pro-
vfded, however. no moneys shall De Dor
poses than current purposes, and In no
tevent shall any money be borrowed py
said Board to make or to pay for per-
manent improvements; and provided
any contract or incur any debt or obli-
CATION unless sufficient funds not other-
wise appropriated. to pay and discharge
the same are actually in the treasurey
Of said BOARD at the time OF making
said contract or incurring said debt or
obligation and are specially set ASIDE
and dedicated to said purpose. except as
may be hereinabove specially provided
Said Board shall annually ana prior
to the beginning Of the scholastic year
prepare a budget Of its receipts and ex-
penditures and said budget. before 1t
becomes effective. must be approved Dy
New Orleans. or its successor as the
governing body OF said City. and all ap.
preparations by or expenditures OF said
Board not iAcluded in the said budget
An0f
be approved by said Commission Coun-
Gil or it's said successor; -,
Provided that nothing herein shall
be taken or construed as authorizing
the Commission Council or Its sue
cessor to change. alter. substitute or
budget thus submitted: the true in
tent and meaning hereof being that
the said council or its successors shall
have no authority whatsoever In or
over said budget. except 10 the extent
of ascertaining whether the proposed
expenditures as exhibited by said
budget are within the probable and
estimated revenues OF said Board or
Directors of the Public Schools. Par
ish of Orleans.
established against the City of New
Orleans and the Board of Directors Of
the Public Schools. Parish Of Orleans.
or either of them. borrowing money,
anticipating their revenues, capitalfz-
ing their funds or issuing notes or
to all boards, commissions or bodies
created by or under the authority Of
the Common Council Of the City Of
New Orleans. or its successor as the
governing body of said city.
Section 81. The provisions hereof
are self-operative. and the City Of
New Orleans and the several boards
and bodies herein referred to shall
carry the same into effect.
Be 1t further enacted. etc. that the
amendment proposed by this act shall
be submitted to the electors of the
State for their approval or rejection
at the Congressional election to be
held on the first Tuesday after the
first Monday in the month of Novem-
Der. 1916: that there shall be printed
on the official ballots to be used at
said election the words:
For the proposed amendment to
the Constitution of the State of Louis
lana providing for the funding of GER
tain debts of the City of New Orleans
and of the Board of Directors of the
and the words:
Against the proposed amendment to
the Constitution Of the State of Louis
lana providing for the funding of GER
tain debts Of the City of New Orleans
and of the Board OF Directors of the
Public Schools. Parish of Orleans:"
and that each elector shall indicate
on the ballot cast by him. as provided
by the general election laws of the
State, whether he votes for or against
the proposed amendment.
HEWITT BOUANCHAUD,
Speaker of the House of Representa-
tives.
FERNAND MOUTON,
Lieutenant Governor and President OF
the Senate.
Approved: June s. 1915.
Il. G. PLEASANT,
Governor of the State Of Louisiana.
A true copy:
JAMES J. BAILEY.
Secretary of State.