The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-09-16

HH.s3eHt lR ans sHs eag IT, pay tht pEtH
.llsi aud interest Of the bonds ISSUED
under this amendment and then aIi
standing amt unpaid ct ft fGf Ruy uSusH
sh~rr shall tot Ice funds appropriated 30
.f ahiis Tot sIlh purpose. the t'Hy ~
NtN orleans shall ieyy Is tax upon all
i8Aahit property iH sala city sufficient 10
provide iaf any such deficiency and pro
widest farther that Whta tbe aforesaid Gng
Fyr cent tis pa ttA aHa tao Iaiu water and
seNor fax shaH cease 20 be lowed. thv
ftJIy VI Sees Orleans shall lgNy a tax upun
al ttkahie property 10 said city s1lteispl
[ g. pu} the principal ahi interest ~ said
{ ipuaS "a thtE respectively become due.
! section = Il is hereby intended that ali
| existing dpdstaiJuua ANA appfopEatoHB at
| said one pet rit debt tax Authorized rs
| hail Net M liH VI 1922 Except With re-
Eps,t o. the AsiH one hair of the surplus
81 the uiss PEI cent debt tax htrrlb aedt-
Gated 60 p4bll. ,hpolaf, and of said two
said Aut No ct 1899 shall be respected
and performed according ia the pfiofiites
n s3EH statutes established that All ct
itat portion ~ the funds resulting from
tht levy IL said IaEes which shall be
6,lt Bsed ttum sstd appropriations and
aE,ttutuuus hy tAy payment satisfaction
+ ct grfunttHN 81 any ct the hundei debt
Obligations uuw charged thereon and
+ there against shall together with tie ofte
halt at tie surplus Of the enc pet cent debt
( tHA heretofore dedicated 70 publig sehoot
Z + -Ipuata, Zee used and Applied Go the pay
( tt"iH IT iHr principal and interest 81 ap
I ian5tdS issued under this amendment that
any reaidur thereof remaining after the
/ p4ymeu 81 the principal and interest IN
/ aHY u}lu year If lunds authorized by this
/ amendment shall be- turned over to the
/ cts of Sea Orleans 80 be used - u for
/ general municipal purpoHeH, bat @heH,
/ and 81 Ihr extent that. the obligations
/ HuW charged uh said taxes shall ho paid,
/ satisfied at refunded, said tases SHAH he
/ released from said obligations, and. ulti1
! watyl}s when entirely released at a dis
I lbafged. shall essst 60 he levied and,
tHat. thereafter. uuy ami all bonds issued
/ tgf b tsA upon all taxable property TO-
/ the city ~ New Orleans sufficient Ia pay
| tbt principal aud interest ~ said bonds as
! lbt} respectively become das provided,
/ Da,Wc&ef that tn the event the funds
/ llrfru1huys specially dedicated Tor the
| pa mrut Of tile principal and interest Of
| fHr bonds ISSUED uudet this amendment
should prove Insufficient the city ~ New
/ orleans shall. aud u Is hereby required 10,
/ levy tu Ntt5 such Instance tan Lpun VI
tNatIe property Ia the City OF New
| .tsHua necessary te p4y ihe principal
( .fta interest OF said hohdp
/ lection . tbe principal aud intcIest 81
/ b tHHis authorized hy this amendment
atted states oi America, OF It's eguiya
.s.si SO 20, standard Of weight and fine
| hgaa "a the time ol the issuance III each
lustellWrBt If said bonds
| said bonds sAall be exempt ffon all
! AHtiHu fUt state parish municipal or
other local purposes
| iattukN Lauks. tutors of miners eafR-
| fsia pt BtVfsttgts, trustees and other
| { t8g8rtas may invest the funds IN their
| Bands u said bonds
/ said bonds may bp used for deposit Rith
| cps object board. municipality or other
IfHi.Nrai Subdivision II the state az Lou
| IslHua tn any CHbu whore b} present OF
! future laws deposit or security 10 required
said iUhJs mai be registered aud te-
isasyd ltom registry uu4eg such rules as
| tie Hoard I'd Liquidation, ttty Debt. may
| prescribe.
section ~ "A buuas lssuei under this
ans ntBssut shall hear such rate 81 IN,
tefest or itetu time % time different rates
81 interest. and shall except as herein
| HtlIt; lsr specially prov Ided, be q sush
tHth terms ana denominations, and pay
ttlg 90 suth times aud places, within 4
4tfttSi ri Hot exceeding hfty Years from
tiie date thereof, - ths BOARD ct llauida
zion, titt Debt, shall determine, Said
! bonds shall hs issued so serial form and
sha be payable ~ annual tHstailments
! ufHmtHglHE Hut more than tRu years
from thNif respective dates. and the IL.
stalimeHlh pas able Ia each year ehaH be-
80 Hked that Whsn the annual interest Is
| added thereto, the several annual total
amounts 81 principal and interest ta be
Eli1 shall BE as nearly equal as practi
cable, prov lded. said iustallments taay be
aNed tt five Thousand dollars or tie near
| .si multiple thereof
san bombs shah be signed hy the Mayor
4HJ The tuWw ss8oHEY 81 Public Finance
III tie tlt} 81 New Orleans, OF Gftieefs
exercising similar functions. and counter
eueu b} the President ur Vice. President
aud the secretary ct Assistant Secretary
oi the Hoard II Liquidation, Ctty Debt
tnd the coupons attached 90 said bonds
ahRH bear the fRCsu mile signatures If sala
commissioner ~ Public Finance and sale
secretary OF Assistant Secretary In cas-,
GnY such officer whose signature uT Coupt
tef signature appears upon such a bone
lur coupon shall cease 10 be such pitigei
before delivery ~ said bond or coupon Il
tae purchaser such signature or counter,
signature shall nevertheless be valid fol
l purposes The oest and expense 81
preparing and sellas said bonds shall b,
paid for by the Hoard IT Liquidation
| uy Debt
Section 81 MI bonds issued under thIi
amendment silsti hs Sold By the BOARD o
| liquidation. cts Debt, To the highest
taltlrr or bidders by sealed proposals attel
Hs advertisement ~ not less thRn Nv,
| insertions 10 the official Journal 81 tbs
4 ITS az New Orleans the first Insertion 4
De- Ca least fifteen days prior to The dati
| the Nsttyi, and such other advertise
Hen3, "a sui etty uf elsewhere, as sal,
| Hoard IF Liquidation may In It's discretion
direct provided, said Heard Of iiquidatio,
mas reject any and all bids
! Section i2 Except as otherwise pro
| }ttlrd iH this amendment the city II New
orleans shall not borrow money. iasu,
bends, notes az other evidences of in
dehtedHess 90 pledge IFS credit or an
tletp4te the collection Il any Of its taxes
No money shall he drawn fIGtn th'
treasury ~ said cttN without speetfi,
| appropriation therefor previously made
| Hta shall said city make any contract ri
pose whatsoever unless suffcieng funds
! Hot otherwise appropriated, GA pay ant
discharge same are actually ia the treas
, Rry 81 said city at the slime 81 making th'
] IHtfHCl - mourning the debt uF uhltga
uH ard are specifically set aside ave
! tsfiiyatst 60 said purpose. unless heFUtl
| pthcfv Use provided f'he foregoing limit
Il t.,tfuu and tgstttytio shall nut apply o.
tee held 90 Rppy te contracts ~ obligation
| incurred With respect Ca the furnishing 4
| sii city II light hest or power water
! telephone service or garbage removal q
| destruction
, fhe sstsa clty n3ay In aus calendar yea
| III anticipation 81 the collection If tht
taxes IT such calt6daf year aud for tn
purposes fer which such taxes are levied
burfuW such sulnE as stall rot bs n
-xsss 81 the amount ~ It's uHrnlFetet
EaNes az such year, and mas tissue III
Hafcs 80 other evidences II Indebtedness
L HrfrfaF. apt sgrs HNm notes uF Dthe
"a iAeneas 81 Indebtedness shall be pay
| HE nsly out ~ the taxes ~ the t4lenda
| p4r in which sStH iUHH oF luHEs ere HrH
made and fuf which indebtedness saiJ
feY eDHe~ shall be pledged and ssid IN
4sbGeHaeAs shall uot be pas ahls out q