The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-09-22


! dcUt Or obligation and are Sper.lcuAN
set aside ana dedicated to said purpose
| unless herein otherwise provided. INT
| foregoing limitation and Restriction
shall not apply or he held 70 apply Il
contracts or obligation incurred witt
| respect to the furnishing to said city OF
light, heat or power, water, telephone
| service or garbage removal or destruc
! ton.
The said city may in any calendar
year in anticipation of the collection OF
the taxes Of such calendar year, and fOr
I the purposes for which SuCh taxes arc
| levied, borrow such sums as shan not
! be in excess of the amount OF its un-
! collected taxes OF such year. and may
| sSue it's notes or olher evidences Of
| Indebtedness therefor, and such sum
notes or other evidences of indebt ted
| ness shall be payable only Out of the
! taxes OF the calendar year in which SAID
loan or loans are first made. and for
| which indebtedness said revenues shall
| be pledged, ana said Indebtedness SHALL
| not be payable out OF any other funds
| or moneys whatsoever No money Shall
| be borrowed by the said city except Tor
| 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 certif-
Is@sIaIive antnmritv - an no',rt "
in excess Of any special asscssme",s
| which have been or shat! be made tor
! such pUgpuSrS Such paving certificates
I hereafter ISSUED Shall be Charges,ble
primarily against the special ASSESS
| m"HtN IN respect or Whlch they are IS
su"'L and srCoudarItE against the rev--
| hutS OF lhe ''iE ol NeW orleans derived
| from taxation fOr general municipal
from OF ir,.,, "a. ~
the raAes LOT tne payment q the prih"I-
p"I ana interest OF the bonds now out
staining or hereafter t" be ISSUED NV
der TINS paving certificates oniv in tne
event ana to the extent that Su"n
| Appointment, Whlch rffhles shall be aD-
piifd IN payment or sucn special ass So
mcnts SHALL y" Insufficient for such pay
meuI and re'mhNrS"ment shall b" made
10 the general 'lhHs OF the CITY or New
Orleans when tn" assessments are col-
jccted to the extent OF the amolnt that
the said general funds shall have con-
tributed to the payment aforesaid So
much Of Act 30. % Of the General rs
sembIy Of the state of Louisiana Tor the
year IVY as may ne INCONSISTENT here
WI - lLeI @n.E Ie'r!'en az" hereafter
Il" paving reEl!hcAteS sha'i be ISSUED
upon me pItIT" "l the reserve fund OF
.ne ~! ~ .>T" 1ttr'1nS' ""t S".h GER
,tIs",rH S''Sl' "G Ser"I ca d" ne EN- ana
, n,t'.- 80, ~ v, w.! t'' ~ 81" 49, or
""n', ,i"eti' ~ 20" huttp''Nl "'' III
.p""''t H'ie" Nm, iipNineu' however,
t s paving fet' ittates, Tor Wh,rh tue
i i,Itl ana r'f.' OF lile 10y o. New Or
,,",ln .,'H't ~, I't1Stu M"'tm'' issued
u1'"t' ln' a. "reS"'" ACT No. :" OF VA,
y! "",'eI SUBSEQUENT 1eSlSL"II'i" snail
I"' 90 any one tifHe ne outStahuinE IN
an h'uounl III excess or rive Million
40U.'".9 '$'.0VV.uo'' III race Vaiue.
sertl"h IL. The total issue Of bonds
by the CITY OF New Orleans for all pur-
poses shaH never eNcee" ten per centum
ct the assessed valuation of the proper
~ III SAID city provided, however. that
neither the bonds ISSUED for water,
sewerage AMI drainace purposes (name-
~, the $i2,oo0,0U0 Public Improvement
f"n"S issued under SAID Act No. of
1873 ana the SS,O00,000 New Pub
lie Improvement Bonds issued un-
der Act No. 10 of the General
Assembly of the State of Louisiana
for the year 1906. and acts
amendatOry thereof and SUPPLEMENTAL
thereto, as well as such bonds. Lare,y
or heyea Cter authorized. into which the
aforesaid honus or any par therot NAV
be retundedD, nor the $4,000. goo Public
Belt Railroad Bonds authorized nv Act
No 119 OF the General Assembly of the
state OF Louisiana for the year 1908.
,''i - s'' 'NAi'OA if'C'e lOb
fubilc Bet railroad purposes. nor any
soIids Wnienmay ,y a ns is1ed
nr constr,,ctipp " anv roWerne nrofs,NS
mo n,,btic ntijitv nor spv narine ~ na!tia
rafas nrmariIv charpeaL,a apainst sna-
cial assessments FOR Street naWing s,an
iva incI,aaI IN comnntino tha inSohn,
noss of e9id I'itv ~ Nons GrIaons So
this fimitation. and nrovided fu, sT.
that ananreenrv honds p1ov he ;ssua &C
amtboriyod IN section & ~ tbis .na,a as
ment even thoneh said limitation saI
have heen reached nrovided that mo
Nine Million DoiIars Of bonds outboszad
hv section I Of mis- amnndmant snail