Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-10-20
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

Of the Board of Directors of the Pub
Ito 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
the City of New Orleans and the
Board OF Schoo, Directors Parish of
Orleans. respectively. of certain taxes
for general municipal and school pur-
sion of said amendment to the cleo
tors of the State for their approval
or rejection.
Be IT enacted by the General Assem-
bly, of the State OF Louisiana, two-thirds
of all the members elected to each house
ooncurring. that subject to the ratifica-
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 l. The city OF New Orleans.
by a vote OF three-fourths of all the
members of the Board of Liquidation
City Debt, approved by resolution of the
Commission Council, or It's successor as
adopted by a vote of two-thirds OF ali
the members of said council or govern
Ing body, shall have power and is here
by authorized to issue Nine Million Dol
lars S9,000,000) of bonds, to be styled
CITY of New Orleans Serial Gold
Bonds" and to bear such rate OF inter-
est as the Board of Liquidation. City
Debt, may fix from time TO time as each
installment of said bonds is offered for
sale a. hereinafter provided
Section 2. Three Million Dollars (s3.-
000.000). in par value. of the bonds au-
thorized by Section of this amendment
shall 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:
ta) The payment Of the outstanding
and unpaid school Teachers Salary
sued under Act No of the General AS
sembly of the State of Louisiana ror
the year 1906, which bonds shall be
called for payment and paid as soon as
OBJ The payment of the principal OF
che floating Indebtedness of the
Board of Directors of the Pub
lie ,s Schools. Parish Of Orleans.
standing at the time of the adoption
of this amendment to an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars ($650.000) provided that
in the event that said Indebtedness or
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 enot
paid over in cash to said Board to be
used by 1t for school purposes as pro-
vided by law:
tcl The payment of the sum OF Five
Hundred Thousand Dollars ($500,OOo)
with interest thereon, borrowed by the
City Of New Orleans for storm emerson
cy purposes in the year 1915;
(d The payment of the overdraft or
other Indebtedness due by the City of
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) or
n v,nf
ing in principal and interest the sum
of One Million Three Hundred and Fir
~ Thousand Dollars H1,35O,000); and
tel The balance OF said proceeds
shall be used and employed by the
Board of Liquidation. City Debt. for the
payment of Public Improvement Certifi-
Gates of the City of New Orleans, as set
forth In Section of this amendment.
Section 8. Inc remainder of the
bonds authorized by Section of this
be necessary, shall be sold, from time 10
time. In such amounts as the Board or
Liquidation, City Debt. may determine,
and the proceeds of the sale thereof
shall be applied by said Board to the
payment of Public Improvement Certih-
Gates authorized by Act No. Sc of the
General Assembly of the State of Louis
lana for the year 1908. and acts amenda-
tory thereof. and presently outstanding
or issued at any time in payment OF
any contract made before this amend
maturities or when said maturities can
be anticipated upon terms satisfactory
to said Board.
Said Act No. Sc of 1908 and all
utes upon the same subject. and so
much of Acts No. 1873 and No. 270\ of
the General Assembly of the State or
Louisiana for the year 1910, and other
statutes on the same subject matter as
may AFFECT apply or pertain to the City
OF New Orleans. be and the same are
hereby repealed: nevertheless Public
Improvement Certificates may be issued
In the manner provided by said Act No
So OF 1908. and amendments thereof. in
payment of any contract made before
this amendment takes effect.
Section 4. The City OF New Orleans
may also issue and negotiate its bonds
when authorized by vote of majority
In number and amount of the property
taxpayers. who 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 or this State
voting at an election called by ordinance
adopted by vote OF two-thirds of all
the members OF the Commission Coun-
ell. or its 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
q vote OF three-fourths of all the MEM
osrs of the Board of Liquidation, City
Debt Due notice OF said election shall
be published for thirty days in the off,
,ial journal of said city flour weekly
insertions OF said notice constituting a
publication for thirty days. provided
thirty days intervene between the date
OF the first insertion and the date OF
said elecuon).
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
said taxpayers.
Section S. In case of fire, food. pes-
thence. storm or other public calamity
the City of New Orleans shall have
power. by a two-thirds vote of all the
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 money and issue and negotiate
bonds in such sum. not exceeding Five
Hundred Thousand Dollars (s5Oo. 0oo).
a. shall be necessary in any one such
Section g. For the purpose or re-
funding all or any part of the bonded
indebtedness Of the City of New Orleans
existing at the time of the adoption OF
th1o 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-
tied OF this amendment shall become
cailAble according to their terms or the
statutes under which they are respec-
lively issued. or when the consent of
beads can be secured. the Board of Lii
Quidation City Debt, shall have the
right In its discretion to call and pay
anY one or more Of said issues OF bonds.
dvSy adopted to issue and negotiate
bonds TO provide the funds necessary
for that purpose; provided. however.
tlas IN no event shall the par value of