Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-09-08
PROPOSED
AMENDMENTS
: TO THE
c0NsYTUTioN OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
sional Election.
Act No. 4
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
si0nal Election.
Act No. 4

vI0lnx TOT. Inc IunQlnB OF CertdHu
debts OF the City of New Orleans and
OF the Board of Directors of the Pub
lilo Schools. Parish Of Orleans. re-
oDectively the issuance of serial bonds
BY said city. the purpose for and the
manner in which same may be issued
end the duties and functions of the
Board Of Liquidation. City Debt, with
reference thereto: and the levying by
Board OF School Directors. Parish of
Ovleans respectively. of certain taxes
for general municipal and school pur-
poses; and providing for the submits
sion OF said amendment to the cleo
tors Of the State for their approval
or rejection.
Be Il 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 ratihca-
tion and approval of the electors OF
the State. the Constitution of the State
be amended by Incorporating therein
the following provisions. to-wit:
Section 1. 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
Oommission 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 (&S.000,000) of bonds. to be styled
CITY OF New Orleans Serial Gold
pouds." and to bear such rate of inter-
est a. the Board Of Liquidation, City
instailment Of said bonds is offered for
sale ~ hereinafter provided.
section 2. Three Million Dollars (S3.-
00o.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-
s1vely to the following purposes and in
the following order:
g, The payment Of the outstanding
md unpaid School Teachers Salary
sued p under I'd r." Act No 2 Of the General AS
0ombly of the State of Louisiana ror
the year 1906. which bonds shall be
called for payment and paid as soon as
o. The payment of the principal of
the floating indebtedness of the
Board OF Directors of the Pub
lie Schools; Parish Of Orleans.
By tn. nGss e OF the notss Gr
of this amendment to an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars ($650.000); provided that
anv part thereof shall have been paid
by said Board out OF its current reve-
Aues previous to the adoption OF this
amendment. the amount thus paid mot
to exceed $650.000. however,. shall be
paid over in cash to said Board to ne
used by it for school purposes. as pro-
vided by law;
Co 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;
(d) The payment OF the overdraft or
other indebtedness due by the City OF
New Orleans to its fiscal agents or other
hanks representing loans or advances
made by them to said city. other than
t. IL.
this section. to an amount not exceed
ing in principal and interest the sum
of One Million Three Hundred and Fiji
~ Thousand Dollars (s1.35O,0o0); and
(e) The balance of said proceeds
Board Of Liquidation, City Debt. for the
payment OF Public improvement Certif-
Gates Of the City Of New Orleans, as set
forth in Section Of this amendment
Section 3. the remainder of the
bonds authorized by Section / OF this
amendment. or SO much thereof as may
be necessary shall be sold. from time 10
time. in such amounts as the Board OF
and the proceeds of the sale thereof
shall be applied by said Board to the
payment of Public Improvement Certifi-
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 or
any 00nlTaCL mauo DeIOTe tnlS amend
ment takes eject. at their respective
maturitfes or when said maturities can
Be anticipated upon terms satisfactory
said Act No. Sc of 1908 and all
amendments thereof. as well as all stat
utes upon the same subject. and SO
much OF Acts No. 1913 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 ahect. 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
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 also issue and negotiate its bonds
when authorized by a vote of q majority
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 a 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
tion II ordered shall be also adopted by
bors Of the Board OF Liquidation, City
Debt. Due notice OF said election shall
be published for thirty days in the on
DIAL Journal OF said city Gour weekly
insertions OF said notice constituting a
publication for thirty days. provided
thirty days intervene between the dat e
of the first insertion and the date of
No bonds shall he 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. flood. pes
thence. storm or other public calamity.
the City of New Orleans shall have
power, by a two-thirds vote of all the
members OF the Commission Council. or
its successor as 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 (s500. 00O)
as shall be necessary In any one such
emergency.
Funding all or any part of the bonded
indebtedness OF the City of New Orleans
existing at the time of the adoption OF
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
oallable according to their terms or the
statutes under which they are respec.
lively issued. or when the consent OF
ali the holders of any such issue OF
bonds can be secured. the Board of Ii
ouidation. City Debt. shall have tnt
{ rirht IN its discretion to can and pay
nv one or more Of said issues OF bonds
~ shan be authorised by resolution
6uiy adopted to issue and negotiats
6o16e 20 provide the funds necessary
Sor fhat purpose: provided. however
eSat IN no event shall the par value OF
~ bonds 90 sold and negotiated ex
- the par value Of the bonded In
+. <1~S-~~~ fh>rahv IN ha refuuded-