New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-09-09
PROPOSED AMENDMENTS
TO THE
Constitution of Louisiana
Adopted at the Srssion Of the Legislature of 1916
10 be voted on at the Congressional Eltcti. n.
ted at the Srss'on Of the Legislature of 1916.
be voted on at the Congressional Eltcth n.

| City OF New Orleans, and which ord
. nance before any such election is ordere
shall be also adopted by vote of three
fourths of all the members of the Boar
of Liquidation. City Debt. Due motto
, of said election shall be published 70
thirty days in the official journal of sal
city -four weekly insertions of said no
tice constituting publication for thirt
days, provided thirty days intervene be
tween the date of the first insertion an
the date of said eection.)
No bonds shall be issued under thi
section for any other purpose or for an,
greater amount than that stated in tn
submission of the proposition to sait
taxpayers.
Section S. In case of fire. flood
pestilence, storm or other public calam
ity, the City of New Orleans shall hav,
power, by two-thirds vote of all tn.
members of the Com mission Council, OF
its successor as the governing body Of
said city, concurred in by three fourths
vote of all the members of the Board OF
Liquidation, City Debt to borrow monev
and issue and negotiate bonds in such
sum, not exceeding in any one such
emergency.
Section 6. For the purpose of re-
funding all or any part of the bonded
indebtedness of the City of New Orleans
existing at the time of the adoption o..
this amendment, bonds may from time
to 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 cal
liable according to their terms or the
statutes under which they are respec-
lively issued, or when the consent O. all
the holders of any such issue of bonds
can be secured, the Board of Liquida-
ton, City Debt, shall have the right in
its discretion to call and pay any one
or more of said issues of bonds, and
shall be authorized by resolution duly
adopted to issue and negotiate bonds TO
pose; provided, however, that in no
event shall the par value Of the BOMBS so
sold and negotiated exceed the par value
Ct the bonds so sold and negotiated ex-
coed the par value Of the bonded indeb.-
edness thereby to be refunded.
Section Z. The full faith and credit of
the City of New Orleans ar> pledged ic.
the payment of the principal ana inter
est of all bonds issued under this amend
ment.
The principal and interest Of all ponds
authorized by and to be issued under
this amendment shall be paid primarily
out of o. that one-half of the .urplus
of the one per cent debt tax which here
tofore has been dedicated for the sup
port and maintenance of the public
schools Of s.id city, ~ levied under and
authorized by Act No. ITO Of the Gen.
eral Assembly Of the State of Louisiana
for the year 1890, and subsequently
made part Of the Constitution of this
State, and (2), after January l, 1928,
that portion Of the one per cent debt
tax, authorized and levied under Act No. |
ITO aforesaid, and the two-mill tax au-
thorized by and levied under Act No. s |
of the General Assembly of the State of |
Louisiana for the year 1899 which shall |
have been released and freed from ded-
ication either by the calling and re-
funding or the payment in due course
Of all or any part of the bonds existing
at the time Of the adoption of this
provided that, if the funds
derived from the sources aforesaid shall
be insufficient in any one year to pay
the principal and interest of the bonds
issued under this amendment and then
and unpaid, or if for any
:ause there shall not be funds approp-
rated to or available for such purpose,
he City of New Orleans shall levy a tax
'pon all taxable property in said city
efficient to provide for any such de-
iciency; and provided further that,
When the aforesaid one per cent debt tax
nd two mill water and sewer tax shall
ease to be levied, the City of New Or ;
cans shall levy a tax upon all taxable .
orperty in said city sufficient to pay :
ne principal and interest of said bonds !
$ they respectively become due.
Section g. It is hereby intended that >
II existing dedications and appropria- r
ons OF said one per cent debt tax au- :
'orized by said Act No. ITO of 1890 lex
.pt with respect to the said one-half of
re surplus of the one per cent debt tax 4
'erein dedicated to public schools), and 6
said two-mill water and sewer tax, 8,
'thorized by said Act No. 6 of 1899, :,
'all be respected and performed accord o,
g to the priorities by said statutes es- >,
blished; that all of that portion Of :,
e funds resulting from the levy of said n,
xes which shall be released from said y,
preparations and dedications BY the q,
yment. satisfaction or refunding of m
y OF the bonded debt obligations now D,
arged thereon and there against shall, AZ
gether with the one-half of the surplus i,
the one per cent debt tax heretofore ar
dicated to public school purposes, be al
ed and applied to the payment of the %
lncipal and interest of ali bonds is +.
ed under this amendment; that any an
'idue thereof remaining after the pay III
mt Of the principal and interest in n,
one year Of bonds authorized by A.
3 amendment shall be turned over to nj;
City Of New Orleans to be used BY n,
tor general municipal purposes; but pr
en-, and to the extent that, the obi on
ions now charged on said taxes shall de-,
paid, satisfied or refunded. said taxes ~.
VI be released from said obligations. me
AAy