Tensas gazette., 1916-09-15

event and to the extent that such
Amendment which revnues shall be ap-
pl3ed in payment OF such special assess
ments shall be insufficient for such pay
ment. and Reimbursement shall be mace
to the general funds of the Cfty>of New
Orleans when the assessments are col
lected to the extent OF the amount tnat
the said general funds shall have con-
tributed to the payment Aforesaid. So
much OF Act No. % of the General AS
sembly of the State of Louisiana for the
year 1914 as may be inconsistent mere
with Is hereby repealed sbas1 snd be issued
upon the pledge Of the reserve funo Oh
the City of New Orleans. but such Ger,
tificates shall be secured as herein ana
subsequent legislative authority not IN
connlct herewith; provided. however,
that paving certificates. for which tne.
faith and credit of the City OF New Or
under the aforesaid Act No. % of 1914,
or under subsequent legislation, snaIi
not at any one time be outstanding IN
an amount in IN on" excess Of Five .,,,s Million
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
of the assessed valuation of the proper
ty in said city provided, however. tnat
neither the bonds issued for water,
ly. the S12.000.o00 Public Improvement
Ronds issued under said Act No. OF
1899 and the $S.000.0o0 New PUB
lie Improvement Bonds issued un,
Assembly ass of the State of Louisiana
amendatory thereof and supplemental
thereto. as well as such bonds, herepy
or hereafter authorized. into which the
Aforesaid bonos or any par therof may
be refunded), nor the $2.OOO.OOO Puplc
Belt Railroad Bonds authorized by Act
No. 179 of the General Assembly OF the
State of Louisiana for the year 1908,
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
bonds which may hereafter be issued
for water supply or for the acquisition
or construction of any revenue prouuc-
ing public utility, nor any paving certin-
Gates primarily chargeable against spe,
cial assessments for street paving, sildii
be included in computing the lndepteo
ness of said City of New Orleans under
this Limitation; and provided further,
that emergency bonds may be issued as
authorized in Section 8 of this amend
ment even though said Limitation snail
have been reached provided that the
Nine Million Dollars of bonds authorized
by Section / of this amendment shall
not be subject to the limitation herein
fixed at the time or times that same
shall be issued; but, with respect to
any other bonds that may be issued
hereafter under this amendment there
shall be included in the computation
withstanding the fact that all of said
Nine Million Dollars OF bonds shall not
have been actually issued. and sucn
amount of emergency bonds as may be
then outstanding.
Section II. The Board OF Liquioa-
ton, City Debt. as now organized and
created with the powers. duties ana
functions prescribed by existing laws
and by this amendment, shall be con-
tinued while any bonds authorized by
this amendment are outstanding and un-
paid; and all taxes which may be levied
for the payment of said bonds shall, day
by day as collected. be paid over 10 sald
Board and shall by ii be applied in pay
ment of the principal and interest or
said bonds; and sald board shall with
respect to all bonds authorized by this
amendment be entitled to exercise ait
the rights and enforce the performance
of all the obligations. the same as II is
authorized to do under laws existing at
the time of the adoption of this amend
ment with respect to any of the present.
ly outstanding bonds of said City or
New Orleans. All funds. property and
things of value held by the Board of LII
uuidation. City Debt. for bonded debt
after levied. and particularly all funds.
property and things OF value now or
hereafter held by said Board under Act
No. 1873 of the General ssembly of the
State of Louisiana for the year 1880
and all amendments thereto, shall when
released from contract obligations or
dedications imposed by laws existing at
the time of the adoption of this amend
ment be used and employed in the dis
creation of said Board in payment and
retirement of any bonds of the City or
New Orleans then outstanding.
Section Is. For general municipal
purposes exclusive of the support and
maintenance of the public schools ana
the payment of the bonded debt of the
City of New orleans. said city may in
each year levy upon all taxable property
within said city tax not exceeding
six and one-half mills on the dollar of
the assessed valuation thereof: pro-
yided, however, that when the one per
cent debt tax authorised by said Act No.
10 of 1890 and the two mill water and
sewer tax authorized by said Act No. 8
of 1899 shall both have ceased to be lev
led and If thereafter the taxes levied by
the City of New Orleans in any one
year for bonded debt purposes be less
than ten mills. said city may in such
events levy for its general purposes
such additional tax which. When added
to the tax of six and one-half miiis
hereby authorized and the taxes levied
for the payment of the principal and
interest OF its bonds as they severally
mature. shall not exceed in the aggre-
gate sixteen and one-half mills.
Section 16. The reservation of twen-
ty per cent of the revenues of the City
of New Orleans shall not hereafter be
made as directed by Section 40 of the
Act No. 159 of the General Assembly of
the state Oh 1<OulSldHd lOT lIt year
1912 except insofar as the fund SO d.
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
Orleans. and said reserve fund of each
wear, when released from the obliga-
| tions charged against 1t by law and be-
| cause of contracts. existing at the time
| shall be used for general municipal pur-
| poses.
Section II. For the support, mainte-
| nance. construction and repair of the
public Schools in the City of New Or
| leans, the Board of Directors of the
| Public Schools Parish of Orleans. or its
| legal successor. shall levy annually
such tax, not exceeding three and one
| half mills. as said Board shall deem
necessary. which levy shall be certified
| by said Board to the Commission Coun-
| Gil or other future governing body of
the City of New Orleans. which shall
| cause the tax to be entered upon the
] tax rolls of said city according to law
against all taxable property in said
| city as assessed and valued for city
taxation purposes: and said tax shall be
| collected by said city and paid over to
| said Board of Directors of the Public
Schools, Parish of Orleans, day by day
| as collected.
| Said tax shall be in lieu of all taxes
| appropriations and funds now authoriz-
| ed or directed to be levied or contrib
| uted by the City of New Orleans fol
\ public school purposes, either by said
| Act No. 10 of 1890 or other provisions
| of the Constitution of this State. All
constitutional provisions to the con-
| trary. as well as Act No 262 of the
| General Assembly of the State of Louis
| lana for the year 1914. ratified as ar
| amendmenta TO the Constitution of tins
/ State are hereby abrogated and repeal
/ ed: and the City of New Orleans shall
| have no power or authority to use ol
| employ any of its taxes or funds fol
he Acto
1 nance of the public schools. directly oil
j indirectly. except as herein authorized