St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-10-07
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

Proposing an Amendment 10 tne Sohslt-
tuition OF the State of Louisiana pro-
yiding for: The funding of certain
debts OF the City of New Orleans and
of the Board of Directors OF the Pub-
he 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
n the duties ard functions of the
Board OF Liquidation, City Debt. with
reference thereto; and the levying by
the City of New Orleans and the
Board OF School Directors, Parish of
Orleans, respectively, of certain taxes
for general municipal and school pur
poses; and providing for the submfs-
sion OF said amendment to the cleo
tors of the State for their approval
or rejection.
Be it enacted by the Genera! Assem-
,iy of the State of Louisiana, tWo-thtrds
IT all the members elected to each house
eoncurring, that subject to the ratifica-
ion and approval Of the electors or
the State. the Constitution of the State
he amended by Incorporating therein
She Following provisions, to-wtt:
Section l. The City of New Orleans.
by a vote of three-fourths OF all the
members of the Boa,d of Liquidation
city Debt. approved by resolution OF the
Commission Council, or it's successor us
the governing body of said municipality
adopted by a vote Of two-thirds OF all
the members of said council or govern
8nS body, shall have owe and is here
sy authorized to issue Nine Million Dol
AIRS $4,000, 00o) Of bonds. to be styled
City of New orleans Serial Gold
Bonds and to bear such rate OF inter
est as the Boar OF Liquidation, City
Debt. may fix from time to time as each
installment of said bonds is offered for
sale rs hereinafter provided.
Section 2. Three Million Dollars tS3.-
4 600. 00G), In par value, of the bonds au-
shoriZed by Section ! of this amendment
shail forthwith be sold.
The proceeds of said three million
dollars of bonds shall be applied exclu-
sively to the following purposes and in
the following order:
TAI The payment of the outstanding
and unpaid School Teachers Salary
Bonds o. the city OF New Orleans is
sued under Act No 2 of the General As
sembiy of the State of Louisiana ror
the year 1906, which bonds shall be
called for payment and paid as soon as
practicable;
1bl The payment of the principaf OF
che ioating indebtedness of the
nc Schools, Parish of orleans.
evidenced by note or notes out
standing at the time of the adoption
of this amendment to an amount n
exceeding Six Hundred and Fifty Thou
In the event that said Indebtedness %
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 tnot
10 exceed $65e.00 however), shall be
paid over in cash to said Board to De
used by IL for school purposes. as pro-
wAded by law:
(cl The payment OF the sum OF Five
Hundred Thousand Dollars $500, 000)
with interest thereon, borrowed by the
City OF New Orleans for storm emergen-
cy purposes In the year 1915;
i'd The payment of the overd~aft or
other Indebtedness due by the City Of
New Orleans to its fiscal agents or other
Af.- ~ N@~- A~ Iwrz n
made by them to said city. other than
those referred to In paragraph tcl or
this section, to an amount not exceed
ing In principal and interest the sum
of One Million Three Hundre and Fir
~ Thousand Dollars 1$1,S50.000); and
eel The balance of said proceeds
shall be used and employed by the
Board Of Liquidation. City Debt, for the
Gates OF the City of New Orleans. as set
forth in Section 3 OF this amendment.
Section 3. rms remainder of the
bonds authorized by Section ! of this
amendment, or so much thereof as may
be necessary. shall be sold. from time TO
4irne. in such amounts as the Bard of
Linnidation, City Debt, may determine,
and the proceeds of the sale thereof
shall be app5ied by sad Board to the
Gates authorized by Act No, Sc of the
General Assembly of the State of Louis
saaa FOR the year 1908. ard acts amenda-
EtoEy#IQ6FeOtt anu presently puISEdnOlUS
or issued at any time in payment or
any contract made before this amend
snent takes effect. at their respective
maturities or when said maturities can
be anticipated upon terms satisfactory
TO said Board.
said Act No. Sc of 1908 and all
amendments thereof, as we'll as ell stat
utes upon the same subject. and 50
much Of Acts No, I2s and No. 270 of
the General Assembly of the State or
Louisiana for the year 1910. AMI other
statutes on the same subject matter. as
may affect apply or pertain to the City
NJ New Orleans. be and the same are
hereby repealed; nevertheless Public
y Improvement Certificates may be issued
In the manner provided by said Act No.
Sc of 1908, and amendments thereof. in
payment OF any contract made before
This amendment takes effect
Section 4. The city Of New Orleans
may atsp issue and negotiate its bonds
when authorized by a vote of a majority
in number and amount OF the property
taxpayers. h shall have been assessed
for property in said city as shown by
the last assessment made prior to the
submission of the proposition to the
said property taxpayers and who are
otherwise qualified to vote under the
Constitution and laws OF this State,
voting at an election called by ordinance
adapted by q vote of two-thirdS of all
the members of the Commission Couu-
ell, or It's successor as the governing
body of said City of New Orleans. and
which ordinance before any such cleo
ton is ordered shall be also adopted by
o. vote of t~hree-fourths of all the mem
bers of the Board of Liquidation, City
Debt. Due notice of said election shall
be published for thirty days in the Off
ciai Journal OF said city flour weekly
fneertfors OF said notice constituting n
publication for thirty days. provide /
thirty days intervene between the date
of the first insertion and the date of
said eIect4on3.
No bonds shall be issued under this
---- h -. nr~N- -
any greater amour than that stated IN
the submission of the proposition to
said taxpayers.
Section 8. In case of fire. food. pes
thence. storm or other public calamity.
che City of New Orleans shall have
oower. by a two-thiras vote of all the
members OF the Commission Council. or
its successor as the governing bofv OF
said city. concurrea in by a three
tourths 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 ($50a. 000l,
as shall he necessary in any one such
SserfaG 6. For the purpose or re-
Funding a1f or any part of the bonded
indebtedness of the City Of New Orleans
nNet5tl# So 80 time of the adoption of
this amendment. bonds may from time
to time be issued and negotiated. Wher
cry re the issues of the bonds of safd
city outstanding ct the time OF the a5o7-
8soy& 0f this amendment shall become
Gas6l1e according TO their terms or tsta
statptes under which they are fespec-
tfgeig ISSUED, OR when the consent o.
all f3ia 3hai3srs Gf any such issfie ~
ns3fas can Id secured. the Board of IL
rlndatian, City DeAt. SHAH nave tqe
rjRht in its discretion to call and pay
ans ore 0r more Of said issues of bonds
ana shall be authorized by resolution.
kautvs adopted to issue and neEntfatt
bonds to pFavI5e the funds necessary
H0v that purpose: provided. however
chat In no event shall the par value OF
she bonds SO sold and negotiated ex-
geed the par value of the bonded IN
debtadness thereby to be refunded.