Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1916-09-01
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
siOnai Election.
Act No. 4

tutlon or the state OF Louisiana pro-
vfding for: The funding of certain
dsbts of the City of New Orleans and
OF the Board of Directors of the Pub
lilo Schools. Parish of Orleans. re-
spsctively the issuance of serial bonds
by said city, the purpose for and the
manner in which same may be issued
3nd the duties and functions of the
Board OF Liquidation, City Debt, with
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 to the cleo
tors Of the State for their approval
or rejection.
Be 1t enacted by the General Assem-
bly, of the State of Louisiana, two-thirds
Of all the members elected to each house
concurring. 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 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
Commission Council, or it's successor as
the governing body of said municipality,
adopted by q 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 ($9,000,000) 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 (S3.-
000,000), In par value, of the bonds au-
thorized by Section 1 of this amendment
shall forthwith be sold
The proceeds of said three million
dollars of bonds shall be applied exclu-
nj IN tho fnlI I'M md i,
the following ORDER
: ta) The payment of the outstanding
and unpaid school Teachers Salary
Bonds OF the City Of New Orleans" is
:smbiy "u Of the State Of 'n louisiana enr H Hor
the year 1906. which bonds shall be
called for payment and paid as soon as
CO. The payment of the principal of
the floating Indebtedness of the
Board of Directors of the Pub
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 ($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 or this
amendment. the amount thus paid (not
to exceed $s50.000. however), shall be
paid over in cash to said Board to be
used by II for school purposes. as pro-
vided by law;
Hundred Thousand Dollars (S5OO,O oo).
with interest thereon, borrowed by the
City OF New Orleans for storm emergen-
cy purposes in the year 1915;
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 mr.
this section, to an amount not exceed
ing In principal and interest the sum
of One Million Three Hundred and Fiji
ty Thousand Dollars (s1,35O. O0O); and
(e) The balance of said proceeds
shall be used and employed by the
Board OF Liquidation. City Debt. for the
payment of Public Improvement Certih-
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
amendment. or so much thereof as may
be necessary, shall be sold. from time 10
Liquidation. City Debt may determine.
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-
or issued at any p time in p payment oi
any contract made before this amend
ment takes effect at their respective
maturities or when said maturities can
be anticipated upon terms satisfactory
to said Board. u
Said Act No. IS of 1905 and all
amendments thereof. as well as all stat
much OF Acts No. 12S and No. 27O of
the General Assembly of the State or
Louisiana for the year 1910. and other
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
IS 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 it's bonds
when authorized by a vote of a majority
In number and amount of the property
for property in said city as shown by
the last assessment made prior to the
submission of the proposition to the
ss,a property ., taxpayers and who are
voting at an election calleby e ordi ssats
adopted by vote Of two thirds of all
ell, or its successor as the governing
body of said City of New Orleans, and
which ordinance before any such cleo
p vote of three-fourths OF ali the mem
bers Of the Board of Liquidation. CITY
be published for thirty DAYS In n. nssi
ciai Journal of said CITY tfour weeriv
insertions of said notice constituting
publication for thirty days provided
thirty days intervene between the data
Of the irst 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 5. In case Of FIRE. flood pes