The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-08-31
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 ElactiOn.
Act Alo..,..4t

Act Ao Aosr49F 4
House Bill No. a. BY Mr. Byrne
A JOINT RESOLt-TION
Proposing an amendment to the Consti-
tuition OF the State of Louisiana pro-
viding for: The funding Of certain
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
Ey 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 leyying 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 submits
sion Of said amendment 10 the eiec-
tors Of the State for their approval
or rejection
BE ii enacted by the General Assem-
bly, Of the State of Louisiana, two-thirds
of all the members elected II each house
concurring. that subject to tae ratifica-
ton and approval of the electors OF
the State, the Constitution OF the State
be amended by Incorporating therein
the following provisions, to-w1t
Section /. The City OF New Orleans,
by a vote of three-fourths IF all the
members of the Board Of Liquidation
Comb a fcn 5slTa y 81 sftss ssies g Sol 4
tkaseoge ernfEg H5ocSys 'of SAID MUNICIPALITY,
adopted by a vote eff two-thlrav 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 $4,000. 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 as hereinafter provided.
Section 2. Three Million Dollars CS3,-
009. 000J, in par value, of the bonds au-
thorizea by Section ] of this amendment
shall forthwith be sold
The proceeds OF said three million
dollars Of bonds shah be applied exclu-
siveiy TO the following purposes and in
the following order:
fa) The payment of the outstanding
and unpaid school Teachers Salary
Bonds OF the City OF New Orleans" is
sembly of the state of Louisiana ror
the year 1906. which bonds shall be
catfe1 for payment fnd pai'f e. soon as
practicable:
1bj THE payment Of thes principal or
the floating indebtsdness OF the
Board OF Directors of the Pub
lie Schools, Parish Of Orleans,
evidenced, by note or notes out
standing at the time OF the adoption
of this amendment to. an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars l$650,o00) provided that
in the event that said Indebtedness or
any part thereof SHAH have been paid
by said Board out Of its current reve-
nues previous ITO the adoption OF this
amendment the am9unt thus paid tnot
70 exceed S650.000. hoAgevef), shaI be
paid over in cash 10 said Board TO be
used by n for school purposes as pro-
vided by law
tcl The payment or the sum Of Five
Hundred THOUSAND Dollars (S500.000).
with interest thereon. borrowed by the
City OF New Orleans for storm emeFgeL-
cy purposes in the year fsl5;
(dJt The payment of the ovefdraft or
other indebtedness due by the City OF
New Orleans to its fiscal agents or ether
banks representing loans or advances
made by them to said city, other than
those referred TO I'll paragraph tcl OF
this section, TO an amount not exceed
ing in principal and interest the sum
of One Million Three Hundred and Fiji
ty Thousand Dollars ts1.350.0G0l; and
fel The balance OF said proceeds
shall be .sed and employed by the
Board of Liquidation, City Debt, for the
Gates Of the City OF New Orleans as set
forth In Section of this amendment
Section g. lhe remainder of the
bonds authorized by Section OF this
amendment, or so much thereof as may
be necessary, shall be sold, from time 70
time. In such amounts as the Board or
Liquidation, City Debt may determine
and the proceeds gof the sale thereof
payment of Public Improyement Certifi-
Gates authorized by Act NO So Of the
General Assembly 81 the state of f.onis-
lana for the year pos, and acts amendas
tory thereof. and presently outstanding
or issued at any time in payment Of
any contract made before this amend"
ment takes effect, At their respective
maturities or when said fnaturities can
be anticipated upon terms satisfactory
said Act 10 So of 1908 and all
a. ~4.tT Iii tee
utes upon the same subject, and so
much OF Acts No. rs and No. go OF
the General Assembly Of the State or
Louisiana for the year 1910. ana other
statutes on the same subject matter. as
may affect. apply or pertain 70 the City
Of New Orleans be and the same are
hereby repealed; nevertheless Public
lmpr8Y ement Certificates may lie issued
IA the manner provided by said act No
56 or 1903, and amendments thereof, in
raymeut of any contract made before
this amendment takes effect
Section 4. The City Of New Orleans
may also issue and negotiats ite bonds
when authorized by a vote OF a 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
saia property taxpayers and who are
otherwise uualified to vote under the
Constitution and laws OF this State,
voting al an election called hy ordinance
adopted by a vote OF lW0-thfr0S OF all
TIE 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 elec-
tion Is ordered shall be also adopted by
vote Nf three-fourtAs Of all the mem
beYs OF the Board og Liquidation. City
Debt Due notice of said election shall
be published for thirty days in the ofh-
rial journal OF said city (four weekly
Insertions Of said notice constituting a
publication for thirts days. provided
thirty days intervene between the date
CT the first insertioE and the date Of
E1fd elecaOn1
40 bonds shall be issued Under this
eestion for any other purpose or for
F-N Ereaier amount than that stated IN
( submission OF the proposition to
kssA Taxpayers
Section s. In case Of FIRE, food pes
tft4re storm or other public calamity,
tSE CITY Of New r0rskans shall have
~ .af by d 8wo-tlliAa3s vote OF all the
Yse.ahss* Af tle Comasss%ian Council, or
isa sdct&sso4 as the eai-egning body ~
& sii Ike N @esassss Z { sffSss e shs
board ess raqasdaties, City Debt, to
hh ants issite and negotiate
h5 euso Eas exreedlng Five
fftadtsg ~ fssl8nrs fs50H 00al,
li Rs ~-.v-,sfs Il any enc such
esestof "a ls Durps-s X fs-