The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-09-21
PROPOSED
I AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
siOnal Election.
Act No. A

Act No. 4
House Bill No. e. BY Mr.. Byrne.
A JOINT RESOLUTION.
Proposing an amendment to the Consti-
viding for: The funding of certain
debts of the City of New Orleans and
of the Board Of Directors of the Pub
lie Schools. Parish of Orleans, re-
spectively the issuance of serial bonds
by said city, the purpose for and the
manner in which same may be issued
and the duties and functions of the
Board of Liquidation, City Debt with
reference thereto; and the leVying by
the City of New Orleans and the
Board of School Directors, Parish of
Orleans, respectively, of certain taxes
for general municipal and school pur-
poses; and providing for the submis-
sion of said amendment to the elec-
tors of the State for their approval
or rejection.
Be it enacted by the General Assem-
bly, of the State of Louisiana, two-thirds
of all the members elected to each house
concurring, that subject to, the Fatifica-
the State the Constitution of the State
be amended by Incorporating therein
the following provisions, to-w1ti
Section l. The City OF New Orleans,
by a vote OF three-fourths If all the
members of the Board of Liquidation
City Debt approved by resolution of the
Commission Council, or its Successor as
the governing body Of said mum Nipality:
adopted by q vote OF two-thlro% of ali
the members of said council or govern
ing body, shall have power and is here
by authorized TO issue Nine Million Doll
lars (S9,000,00O) of bonds, TO be styled
city of New Orleans Serial Gold
Bonds" and to bear such rate of inter
est as the Board Of Liquidation, City
Debt. may fix from time to time as each
installment Of said bonds is offered for
sale as hereinafter provided.
section 2. Three Million Dollars (ss,-
060 0ooS IN mar value of the bonds alI-
fhnrtyed ~ SerttoT, i of fhis Amendment
shall forthwith De sold
srh. nroca.as Of satd tbrea noiliion
soIlnr. ~ Sosas shaiI ha snnIfed srcII,-
s,sss ~ AZ s, y ard n
@s ~ ~ 80 go s.S wAl@ -
H44 %esto Nl.1s
4a3 Ihe payment Of the Outstanding
HEnnta fQaI 1saes1eEE S2IaxK
nlF Of kne St4te p1 L2eiSs4n4 a,as, e.
flic Yetr Aspo. men ts Dones 49,. asse., -
called for payment and paid az soon az
practicable; ,-s,., -
cd The payment oI sne pflnclpat %
the noaling LnusDteuaes r,.be
lie Schools, Parish Of Orleans,
evidenced by note or notes OUT
standing at the time Of the adoption
exceeding SIX Hundred and Fifty T1oi-
eand DolIars (S65O, ,O0O); provided that
N the event that said Indebtedness OF
80 mart thereon shall have been paid
~. W std hoard out of its current reve-
r,,az nrevious to the adoption OF this
amendment. the amount thus paid tnot
~ avraad Sd50 900 howeyer1 shall be
ne4S over n cash to said Board to pe
nsed bv ii for school purposes, as pro-
ytded by law:
cared Sc9 dnT Tbnnsand paymsd Dollars ans $500, ooo1
WITH interest thereon, borrowed by the
(sitv OF New Orleans for storm emergen-
CIV purposes in the year f915;
fd1 The payment of the overdraft or
ct1sar indebtedness due BIZ the City of
Tasy orleans to its fiscal agents or other
hanks renresenting loans or advances
~rada nv them 10 said city other than
tboes rsferred to in PARAGRAPH (c) or
thfe section to an amount not exceed
tng N nrfncfpal and interest the sum
f,ne MiIIion Three Hundred and FIJI
~ ~. % Tbouaand dollars tsI,s50. .000); and (
tel THE balance OF said proceeds
~t.9f ~ u~a6 ana empIoyed by the
T9ravs ~ Tjnnfdafion CITY Debt for the
payment of Public improvement Certin-
:. .rafea ~ the CITY of New Orleans as set
forth In Section 5 of this amendment. @
Section s. Ihe remainder Of the
emendment. or 50 much thereof as may
ke TlecessaYy sAaal be sold, from time 10
time, IN such amounts as the Board OF
Illumination, city Debt, may determine,
end the proceeds Of the sale thereof
ebsrI ne annifed nv said Hoard to the
navment of Public Improvement Certit-i
Gates authorized by Act NO bb OF tn0
General Assembly OF the State OF Louis
iana for the wear 1908 and acts amenda-
torxs fharaaf and presently outstanding
~ 5eerad al anv time in payment OF
snvrcontract made before this amend
-snt fnEsm nfrerf Al their respective
,eetur,t5es ar when said maturitfes can
- anfleirated upon terms satisfactory
- sasS i5Serd
ssSatAcf M. sc Of 1a0S and all
anTerdrnaflts thereof, as well as all stat
,fes upon the same subject. ard so
~ TssreYei Assembly Of the State OF
T.ot,isiarn for the year 1910. AMI other
s1afnfag an the same subject matter. as
may AFFECT, apply or pertain to the CITY
Seresv renesleI; nevertheless Public
frrrrSyey,nerf (,erfifcates may be issued
M t,e vnarpar nrovfarl BY said Act 80
~ ~ 4eGS srd amer, .f1,,esata thereof in
,x-r,ert Of arv contract made before
ti - n~- N liner 1 takes eTects- 49,
SECTION 4 The city Of New Orleans
r~a~ a'so isrse snd negotiate its bon 9
xhcr Authorized By vote Of ma 1r-ry
In ruasher and amount OF the property
tavr-vefs who shall have peen assessed
for property IN said CITY as SHOWN ~
tfn iast assessment f, Ina .as.s3an trs