St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-23
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.
Act No. 4

OF the Board or directors OF the fuD-
lilo Schools. Parish of Orleans, re-
0pectively the issuance of serial bonds
by said city. the purpose for and the
manner in which same may be issued
ana 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
2 Board OF School Directors, Parish OF
Orleans. respectively, of certain taxes
for general municipal and schoo! pur-
poses: and providing for the submis-
sion Of said amendment to the cleo
tors OF the State for their approval
or rejection.
Be II enacted by the Genera! Assem-
bly, Of the State of Louisiana, two-thirds
& OF all the members elected to each house
cancurring. that subject to the ratitica-
ton and approval Of the electors OF
the State. the Constitution of the State
be amended by Incorporating therein
the following provisions, to-wit:
Section 1. 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
/ the governing body of said municipality.
I adopted by a vote of two thirds OF all
the members of said council or govern
ing body, shall have power and is here
BY authorized to issue Nine Million Dol.
lars ($9,0O0,000) of bonds, to be styled
..City Of New Orleans Serial Gold
Bonds" and to bear such rate of inter
1
Debt, may, fix from time to time as each
A lnstallment of said bonds is offered for
sals ~ hereinafter provided
Section 2. Three Million Dollars N3.-
4 oO0, 0O0). in par value, of the bonds au-
\ thorized by Section / Of this amendment
shall forthwith be sold.
The proceeds of said three million
i dollars Of bonds shall be applied exclu-
stvsly to the following purposes and in
+ the following order:
and unpaid School Teachers Salary
Bonds or the City OF New Orleans" is
Z sued under Act No Of the General AS
4 oombly Of the State OF Louisiana Hor
4 called for payment and paid as soon as
E o. The payment Of the principal OF
( the floating Indebtedness of the
Board scS of DIRECTORS psr., of the P1n
I evidenced by note OF notes out
1 standing at the time Of the adoption
4 Of this amendment to an amount mo-
4 exceeding Six Hundred and Fifty Thou
4 sand Dollars ($65O,000): provided that
IN the event that said Indebtedness or
any part thereof shall have been paid
by said Board out Of its current reys-
nues previous to the adoption OF this
amendment, the amount thus paid tnot
70 exceed $65O.0OO.- hoWever), shall be
4 paid over in cash to said Board to DO
4 used by Il for school purposes. as pro-
US y1QSs.~Oy law
lcl The payment Of the sum Of Five
Hundred Thousand Dollars ($500.0O0).
With interest thereon, borrowed by the
City Of New Orleans for storm emergen-
q purposes in the year 1915:
h tdJ The payment Of the overdraft or
other Indebtedness due by the City of
New Orleans to its fiscal agents or other
L banks representing loans or advances
those referred to in paragraph tc5 OF
this section, to an amount not exceed
I ing In principal and interest the sum
+ Of One Million Three Hundred and Fiji
(el The balance Of said proceeds
I shall be used and employed by the
Board Of Liquidation. City Debt, for the
payment Of Public Improvement Certifi-
L forth In Section Of this amendment.
Section J. The remainder of the
4 bonds authorized BY Section ! Of this
/ b necessary, shall be sold. from time TO
& time. In such amounts as the Board OF
& lAQuldation. City Debt. may determine.
snd TIE proceeds oss OF .a the sale thereof
4 payment Of Public Improvement Certifi-
Z eates authorised by Act No; Sc Of the
s0eneral Assembly OF the State OF Louis
ktory thereof. and presently outstanding
/ Or issued at any time in payment OF
any contract made before this amend
msnt takes effect. at their respective
b anticipated upon terms satisfactory
/ - said Board.
said Act No. So OF 1908 and all
ess thu as we IS all
much OF Acts No 1913 and No. 27O Of
the General Assembly Of the State or
Louisiana for the year 1910, and other
may AFFECT. apply or pertain to the City
Of New Orleans. DO and the same are
hardly repealed; nevertheless Public
Improvement Certificates may be issued
g the manner provided by said Act NO.
% OF 1905. and amendments thereof in
payment OF any contract made before
thle amendment takes effect
Section I. The City of New Orleans
nay also issue and negotiate its bonds
when authorized by a vote Of q majority
u number and amount OF the property
taxpayers. who shall have been assessed
the last assessment made prior to the
submission Of the proposition to the
aid property taxpayers and who are
constitution and laws Of this State.
voting ct an election called by ordinance
adopted BY vote OF two-thirds of all
tho members OF the Commission Coun-
body Of said City of New Orleans, and
which ordinance before any such elec-
ton - ordered shall be also adopted by
esre Of the Board of Liquidation City
Debt Due notice Of said election shall
- published for thirty days in the off,
eaAl journal OF said city -four weekly
1neertions Of said notice constituting =
publication for thirty days. provided
thirty days intervene between the date
O. the first insertion and the date Of
No bonds shall be issued under this
section for any other purpose or for
any greater amount than that stated IN
The eubmtssion Of tho proposition to
section In case Of fire aooo nos.
slence storm or other public calamity,
The City Of New Orleans shall have
Epower. By two.thirds vote Of all the
members Of the Commission Council, or
k1t9 successor al the governing body OF
aid city. concurred in by a three
9eurths vote Of all the members of the
Beard Of Liquidation. City Debt, to
seoFrow money and issue and negotiate
Ieonds tn such sum. not exceeding Five
- shall be necessary in any one such
Ssetion {. For the purpose OF re-
endin9 all or any part Of the bonded
n9ebtodness OF the City OF New Orleans
xtotang at the time Of the adoption of
A1o amendment. bonds may from time
~ time Be issued and negotiated. When
ny outstanding at the time OF the adop-
0on OF this amendment shall become
Eauahlo according to their terms or the
ea4utee under which they are respec-
yely issued. or when the consent OF
feu the holders OF any such issue OF
Ee!eak1on. City Debt, shall nave the
IS1eA9 N Its discretion to call and pay
{31Y one or more Of said issues OF bonds.
80 shall be authorized by resolution
Ids TO provide the funds necessary
H9e that purpose: provided however,