St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-14
PROPOSED
. 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. 4
Adopted at the Session Of the
Legislature of 1916.
To Be Voted On at the Congress
si0nal Election.
Act No. 4


debts Of the City OF New Orleans and
Of the Board of Directors of the Pub
lilo Schools, Parish OF Orleans. re-
0pectively the issuance Of serial BONDS
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 oy
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 Genera! Assem-
bly, Of the State Of Louisiana. two-thirds
Of al the members elected to each house
concurrtng, that subject to the ratif1ca-
ton and approval OF the electors OF
the following provisions, to-wit:
Section I. The City Of New Orleans.
By q vote Of three-fourths Of all the
members Of the Board Of Liquidation
City Debt approved by resolution OF the
Commission Council, or Its successor III
the governing body Of said municipality.
adopted by q vote Of two-thirds OF all
the members Of said council or govern
ing body. shall have power and 10 here
BY suthortzed to Issue Nine Million a. Dol
city Of New Orleans Serial Gold
Bonds" and to bear such rate Of inter-
est 20 the Board Of Liquidation, City
Debt, may hx from time to time an each
1netallment OF said bonds 10 offered for
oalo ~ hereinafter provided
Section :. Three Million Dollars ($3.-
600, o00). in par value, Of the bonds au-
thorized by Section Of this amendment
shall forthwith b sold
The proceeds Of said three million
dollars Of bonds shall bs applied exclu-
the following order:
(a) The payment Of the outstanding
and unpaid School Teachers salary
Bonds OF the city Of New Orleans" H.
ssmbly Of Il: STATE Of Lou1s aSa r or
called for payment and paid IN soon a.
o. The payment of the principal Of
the floating indebtednsss Of the
.s,a.n sssG''' +, aess or .. notes out.
standing at the time Of the adoption
Of this amendment to an amount mo-
exceeding Six Hundred and Fifty Thou.
sand Dollars ($6s0.o00): provided that
any part thereof shall have been paid
By said Board out OF its current reve-
nues previous to the adoption OF this
amendment. the amount thus paid mot
paid over in cash to said Board to be
used by It for school purposes. ~ pro-
tc5 the payment OF the sum Of FIVE
Hundred Thousand Dollars (S5oo.ooo).
City OF New Orleans for storm emergen-
cy purposes in the year 1915:
(d) The payment OF the overdraft or
ethsr indebtedness due by the City Of
0of a. - ~ hos
banks representing loans or advances
made by them to said city. other than
those referred to In paragraph (c) Of
this section. to m amount not exceed
as on :. rh :es t ana
q Thousand Dollars (3l.s5o: ooo); and
e! The haiance Of said proceeds
shall be used and employed by the
Bosrd Of L L,qYiaa ,a CITY Debt; for the
Gates Of the City Of New Orleans, as set
forth in Section Of this amendment.
Section ;. The remainder Of the
bonds authorised BY Section l Of this
be necessary, shall be sold. from time 70
time. In such amounts ~ the Board Of
Liquidation. City Debt. may determine.
and the proceeds Of the sale thereof
payment Of Public improvement certifi-
Gates authorized by Act No. Sc Of the
General Assembly Of the State Of Louis
lana for the year 1908. and acts amenda-
tory thereof and y oststandin a
any contract made before this amend
ment takes effect, 1t their respective
maturittes or when said maturitfes can
b anti Rst upon terms satisfactory
said Act No. IS Of 1908 and all
amendments thereof. AZ we'll 40 all stat
utes upon the same subject, and 20
much OF Acts No l18 and No. 80 Of
n ~
Louisiana for the year 1910. and other
statutes on the same subject matter. ~
may AFFECT. apply or pertain to the City
Of htAw Orleans. b. and the same are
improvement Certificates may be issued
In the manner provided by said Act No.
70 Of 1908. and amendments thereof. in
payment Of any contract made before
Section I. The City Of New Orleans
may also Issue and negotiate its bonds
when authorised by a vote Of majority
IN number and amount Of the property
for property in said city an shown by
the last assessment made prior to the
submission Of the proposition to the
said property taxpayers and who are
Constitution and laws Of this state.
voting At an election called by ordinances
adopted by Q vote OF two-thirds Of all
the membef0 OF the Commission Coun-
ROV6rn1nR
body Of said City Of New Orleans. and
which ordinance before any such elec-
eton 10 ordered shall be also adopted by
2 vote OF three-fourths OF all the menu
bers Of the Board Of Liquidation. City
Debt Due notice Of said election shall
he published for thirty days in the off,
ciaJ journal OF said city flour weekly
Insertions OF said notice constituting .
publication for thirty Gays. provided
thirty days Intervene between the date
Of che first Insertion and the date Of
said elscAlon)
No bonds shall bss ,saued under this
section for any other purrpose or for
the submission Of the proposition to
oAld taxpayers.
e-ction s In case Of IRE. HOOD. pes
eilence storm or other public calamity
the City Of New Orleans shall have
members ~ the Commission Council or
1te successor A. the governing body OF
said city. concurred In by q three
fcurths vote OF all the members OF the
Board Of Liquidation. City Debt. to
borrow money and Issue and negotiate
bonds In such sum. not exceeding Five
Hundred Thousand Dollars (s500, OOO).
- shall be necessary In any one such
emergency.
funding all or any part Of the bonded
existing At the time OF the adoption Of
this amendment bonds may from time
t. time be issued and negotiated When
any Of the issues OF the bonds Of SAID
city outstanding at the time of the adop-
ton Of this amendment shall become
callabls according to their terms or .ne
statutes under which they are resDsc-
lively issued. or when the consent Of
fli the holders OF any such issue OF
bonds can be secured. the Board Of LII
0uidation. City Debt. shall have tne
Fight In Its discretion 10 call and pay
any one or more of said issues Of bonds.
and shall be authorized by resolution
duly adopted to Issue and negotlavo
6Onde to provide the funds necessary