St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-09-16
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


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
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 cleo
tors of the State for their approval
or rejection.
Be 1t enacted by the Genera! Assem-
bly, Of the State OF Louisiana, two-thirds
Of all the members elected to each house
concurring, that subject to the ratifica.
the State. the Constitution of the State
be amended by incorporating therein
the following provisions. to-wit:
Section /. The City of New Orleans.
by 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 as
the governing body Of said municipality.
adopted by 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 ($9.000,O00) of bonds, to be styled
city OF New Orleans Serial Gold
Bonds" and to bear such rate of inter
est AZ 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 N3,-
thorized by Section i Of this amendment
shall forthwith DO sold
The proceeds OF said three million
dollars Of bonds shall be applied exclu-
sivsly to the following purposes and in
the following order:
and unpaid school Teachers Salary
Bonds or the City OF New Orleans" is
sued under Act No Of the General Az
sembly Of the State Of Louisiana FOR
the year 1906, which bonds shall be
called for payment and paid as soon az
practicable:
(b) The payment OF the principal OF
the floating Indebtedness of the
Board OF Directors of the Pub
e se ssn10'' ~ note or OF notes out:
standing at the time Of the adoption
OF this amendment to an amount no.
exceeding Six Hundred and Fifty Thou
sand Dollars l$660,0o0); provided that
any part thereof shall have been paid
by said Board out OF its current reve-
nues previous to the adoption OF this
amendment; the amount thus paid mot
paid over in cash to said Board to be
used by It for school purposes, AZ pro-
vided by law;
(c) The payment Of the sum OF Five
with interest thereon, borrowed by the
City of New Orleans for storm emergen-
cy purposes in the year. 1915:
tO The payment OF the oyerdraft Or
: New Orleans to its fiscal agents or other
banks representing loans or advances
made by them to said city. other than
those referred to in paragraph (c) OF
Ing In principal and interest the sum
Of One Million Three Hundred and FIJI
" Thousand Dollars t$l,35o. ooO); and
be used e'a and sse by sSs
Board OF Liquidation, CITY Debt. for the
payment OF Public improvement Certifi
Gates OF the City Of New Orleans, as set
Section ;. The remainder of the
bonds authorized by Section i Of this
amendment. or SO much thereof as may
be necessary, shall be sold. from time TO
time. in such amounts as the Board OF
Liquidation. City Debt. may determine.
and the proceeds OF the sale thereon
shall be applied by said Board to the
payment Of Public Improvement Csrtif'-
General Assembly OF the State Of Louis
lana for the year 1908, and acts amenda-
tory thereof, and presently outstanding
ct aae peors IN y senS
ment takes effect, at their respective
maturities or when said maturities can
b ANTICIPATED upon terms satisfactory
said Act No. So of 1908 and all
amendments thereof. as well as all stat
utes upon the same subject. ana 30
much Of Acts No. 12S and No. 270 It
Louisiana for the year 1910. and other
statutes on the same subject matter, AZ
may AFFECT, apply or pertain to the City
OF Now Orleans. DO and the same are
Improvement Certificates may be issued
in the manner provided by said Act NO
IS 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 authorized by q vote Of q majority
taxpayers. who shall have been assessed
FOR property in said city az shown by
tho last assessment made prior to the
submission Of the proposition to the
Otherwise qualified to vote under the
Constitution and laws OF this State,
voting at an election called by ordinance
adopted BY vote OF two-thirds Of all
the members OF the Commission Coun-
body. OF said City of New Orleans and
which ordinance before any such cleo
ton 10 ordered shall be also adopted by
ber0 Of the Board of Liquidation. City
Debt Due notice OF said election shall
b. published for thirty days in the off,
cial journal Of said city flour weekly
insertions Of said notice constituting q
publication for thirty days. provided
thirty days intervene between the date
OF the first insertion and the date Of
said eleclion).
No bonds shall be issued under THIS
section for any other purpose or for
any greater amount than that stated IN
the submission Of the proposition to
Section s. In case OF fire. food pes
thence, storm or other public calamity.
the City Of New Orleans shall have
power. by two-thirds vote of all the
its successor AZ the governing body Of
said city. concurred in by a three
fourths 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 (S5OO. OOO).
- shall be necessary in any one such
Section s. For the purpose OF re-
funding all or any part Of the bonded
t2ndehtsdnsss OF the City OF New Orleans
Existing Of the time Of the adoption OF
this amendment, bonds may from time
70 time be Issued and negotiated. When
any Of the issues OF the bonds OF said
city outstanding at the time OF the adop-
tlon Of this amendment shall become
callable according to their terms or the
statutes under which they are respec-
lively issued. or when the consent OF
fll the holders OF any such issue OF
bonds can be secured. the Board OF LII
Quidation, City Debt, shall have ene
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 negotlaee
bonds to provide the funds necessary