The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-11-04

Issued under the aforesaid Act Ne. 2s Of
1914, or under subsequent legislation, SHAH
not at any one time be outstanalng N an
amount IN excess of Five Million iollars
(S5, 000, 000) in face value.
Section 49, The total issue OF ponds by
the City Of New Orleans for all purposes
shall never exceed ten per cenLQm OF Ine
assessed valuation of the property IN said
city; provided, however, that neither the
bonds issued for water sewerage o ana
dr. purposes lnameiy. me siiI sea5
under said Act No. of 1888 and the
$8,ooo,o 900 New Public improvement Bonds
issued under eF Act 10 - " Of the ne foI
the year 1906, and acts amendatofy tnafefe-
of and supplemental thereto, as well as
h hefby ba or
any part thereof may be refundeu2, nor
the 100000 Public Belt Railroad Bonds
Assembly of the State of Louisiana for the |
year 1868, nor any bonds hereafter au- I
th&rized for Public Belt Railroad pur-
acquisition or construction of any revenue
producing public utility, nor any paving
certificates primarily chargeable against
special assessments for street paving.
shall be included in computing the sndebt-
edness of said City of New Orleans under
this limitation; and provides further, that
emergency bonds may be, issued as au-
thorized in Section 5 of this amendment
even though said limitation small nave
been reached; provided that the Nine Mill
lion Dollars of bonds authorized by Sec
ton 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 said Nine Million
Dollars of bonds Notwithstanding the fact
that ali of said Nine Million Dollars of
bonds shall not have been actually issued,
and such amount of emergency bonds as
may be then outstanding.
Section IA The Board of Liquidation,
i City Debt, as now organized ana created
| and with the powers, duties and functions i
| prescribed by existing laws and by THIS
amendment, shall be continued while any
bonds authorized by this amendment are
which may be levied for the payment OF
said bonds shah, day by day as COLLECTED,
be paid over to said Board, and shan by
lit be applied in payment of the principal
| and interest of said bonds; and said board
shall with respect to all bonds authorized
| by, this amendment be entitled to exercise
| all the rights and enforce the performance
of all the obligations, the same as it is
authorized to do under laws existing at
the time of the adoption Of this amend
ment with respect to any of the presently
outstanding bonds of said City Of New
Orleans. All funds, property and things
of value held by the Board of Liquidat ton,
| City Debt, for bonded debt purposes other
| than taxes now or hereafter levied, and
particularly all funds, property and things
1
Board under Act No. 1873 of the General
/ Assembly of the State of Louisiana for
| the year. 1880 and all amendments there
to- shall when released from contract
| Obligations or dedications imposed by laws
| existing at the time of the adoption of this
amendment be used and employed in the
discretion of said Board in payment and
/ retirement of any bonds Of the City of
New Orleans then outstanding.
4 section Is. For general municipal pur-
poses, exclusive of the support and main
1
/ ment of the bonded debt of the City of
Il New Orleans, said city may in each year
levy upon all taxable property within said
city a tax not exceeding six and one half
mills on the dollar of the assessed valua-
ton thereof; provided, however, that when
said Act No. 10 Of 1890 and the two-miu
water and sewer tax authorized by said
Act No. s of 1899 shall both have ceased
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
, additional tax which, when added to the
. tax of six and one-half mills hereby
. authorized and the taxes levied for the
payment of the principal and interest OF
+ It's bonds as they severally mature, shall
! not exceed in the aggregate sixteen and
. one-half mills.
! per cent of the revenues of the City OF
New Orleans shall not hereafter be made
as directed by Section 40 Of Act No. 15s q
Louisiana for the year 1912, except inso-
. far as the fund so directed to be reserved
shall have been appropriated or dsd1 t t
payment Of any obligation of the City OF
New Orleans, and said reserve tuna o.
! each year, when released from the obi.
Of the adoption of this amendment, shall
gses fof for e snppor pante
, nance, construction and repair of the
, public schools in the City of New Orleans
Schools, Parish Of Orleans, or its lega
) successor, shall levy annually such tax
not exceeding three and one-haf mills, a:
said Board shall deem necessary, which
$ levy shall be certified by said Board t
: the Commission Council or other future
I governing body. OF the City of New Or
! entered upon the tax rolls of said city
: according to law against all taxable
) property in said. city as assessed ant
! said tax shall be collected by said city. ant
! paid over to said Boarl of Directors OF tn
! Public Schools, Parish of Orleans, day b,
a Said tax shall be in lieu of all taxes
appropriations and funds now authorizes
:, or directed to be levied or contributed b.
9 purposes, either by said Act No. 10 Q
ton ton Of this State. Ali constitutional pro
No. as2 Of the General Assembly Of tn
!. State of Louisiana for the year 1914
! ratified as an amendment to the. Consti
: tuition of this State, are hereby abrogate
| and repealed; and the City Of New Oriean
\ shall have no power or authority TO US
= | or employ any of its taxes or funds TO
. the establishment, support or maintenanc
= of the public schools directly or indirect
! ", except as herein authorized; provided
u however, that the City of New Orlean
= shall administer, use and employ all tn
: funds, property or things Of value now 9
|, hereafter held by it under any specia
: legacy, bequest or donation made or t
be made directly to it for school purposes
> and shall carry out and execute the con
: ditions of all such special legac1es, be
= quests or donations that have been here
q tofore made to and accepted by SAID CiI
. of New Orleans and all such as may mere
7 after be made to and accepted by said city
n Section IS. For the purpose of givin1
d additional support to the Public Schools
S the Board of Directors Of the, Publ
3 Schools, Parish of Orleans, or, it's legs
+ successor, may levy upon all taxaDl
: property in the City Of New Orleans
r Special tax not exceeding two mills on tn
# dollar of the assessed valuation of sal
d property (Which special tax shall pc !
: excess of the tax authorized by Section l
# of this amendnent), whenever 81 IN th
:. manner prescribed by Act No. 256 of tn
d General Assembly Of the state OF LOUIS
: lana for the year 1910, and amendment
Q be prescribed by Yaw, the rate of sue
/. special tax, the number of years It is :
e | be levied and the purpose for winch IN
d tax is intended shall have been by sal
:. Board submitted at an election to vot
Il of the property taxpayerS of the city