The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1916-09-23
CONSTITUTIONAL AMENDMENTS.
ACT Mo

CONSTITUTIONAL AMENDMENTS. !
House Bill A NoI Mo;
,ronos,,, JOINT RESOLUTiIff.,Ni - iie
tutioS 81 an q amendment to the Consti-
yiding for: e The Saaee s,, OF Louisiana pro
aepls Of the City Of Nam n u ne and
Sebnols D9 81 Of Directors of the Public
"; th the ;s sasish OF Orleans, respective
IL eis issuance of serial bonds by said
E ~ . the purpose for and The manner
dntTa sie "a same may be issued and the
I innias ana functions of the Board of
thereto; and the levying Nv the Civ
Sc,,n MgW orleans and the Board of
rss, Directors, Parish Of Orleans,
eraf en mnnisi,ns 81 certain taxes for gem
anu providing for the s,ihmission OF
Stata aifn ne to the electors of the
Be If en LOT lnelr approval or rejection.
" ", the state of Louisiana. fwn- Thirds of
aa, sne members elected TO esAh House
fHo nl aT that subject 10 the ratifica-
state. the Constitution of tie State be
a ni.,; py incorporating therein the fol
AoWaAs provisions, to wit.
a vef $1,000 " 4, Ihe City of New Orleans, by
- fo ~. VI lhree-fourthS of all the members
VI the Board of Liquidation. CITY Debt,
approFed by resolution OF the Commission
,o1,,l or It's successor as the governing
lody OF said municipality. aeionfed by a
fote OF two-thirds of all members of said
, Council or governing body, shall have
power ~ ana is hereby authorized to issue
ts ~ he MILLION Dollars ts900o,ooo) of bonds,
Gold Bonds, and to bear such rate of
interest as The Board Of Liquidation, City
Dept may fix from time to time as each
lhstaliment OF SAID bonds is offered for
sale as hereinafter provided
section z. Three Million Dollars ($3, :
ibosgs2i IN IN par value Of the bonds au
snail forthwith be sold.
Inc proceeds OF said three million
doliars OF bonds shall be applied exclu-
s st'a TO the following purposes and in
taJ The payment of the outstanding and
unpaid School Teachers Salary Bonds OF
Inc CITY Of New Orleans, z issued under
state OF Louisiana for the year 1906, which
bonds shall be called for payment and
paiu as soon as practicable;
I'D The payment of the principal of the
.noatlng indebtedness of the Board of Di-
rectors OF the Public Schools, Parish OF
Orleans, evidenced by note or notes out
standing at the time of the adoption OF
THIS amendment to an amount not ex-
eeeding Six Hundred and Fifty Thousand
Dollars (s650,000); provided that, in the
event that said Indebtedness or any par
. thereof shall have been paid by sale
&&aGard out of its current revenues pre-
|s1 TO the adoption of this amendment
opnt thus paid (not to exceed $780,
i s. 3sPeverl, shall be paid over in cast
: Board to be used by 1t for SchOo
.4sa4 Us, as provided by law;
X ~ The payment of the sum OF Flve
I'D Thousand Dollars $500, 0001, witt
- 34&&l thereon, borrowed by the City O.
So 9rleanS for storm emergency pur'
F. - "a the year 1915;
"A r. The payment of the overdraft o.
= : Indebtedness due by the City of New
+ e. IT. "A to its fiscal agents or other bank:
Ating loans or advances made bs
said city, other than those re
ss'zss s. in paragraph lcl OF this sectloI
~ amount not exceeding in prlncipa
lid interest the sum Of One Million I IT.
Hundred and Fifty Thousand Doliar
ts1.350,0oo); and
eel The balance of saio proeesds shal
Liquidation, City Debt, for the payme1n
3 OF Public Improvement Certificates OF IN
.Isity of New Orleans. as set forth i
lou 8 of this amendment.
). The remainder Of the bond
~ 9Ea #ed by Section of this amend
* IL SO much thereof as may b
IS ~ ~, shall be sold, from Llme Z
~ ia such amounts as the Board 0
AZ ton, City Debt. may determine
! s V proceeds OF the sale thereof shal
lied by said Board to the paymen
sSsH. Bic Improvement Certificates au
j. :. ID BY Act No. 46 of the Genera
4 ~ bly, of the state of Louisiana fo
Ar 1908, and acts amendatory lnere
~ presently outstanding or issue
15= =ss s. time in payment of any cenIrac
~ Re tore this amendment takes effect
i !. .5zieir respective maturities or Whe
said maturit1es can be anticipates upo
tef said s Act No. Sc Of 1905 and ali amend
ments thereto, as well as all statutes upo
the same subject, and SO much OF Acl
No. 12S and No 270 of the, General As
sembly OF the State Of Louisiana, for tn
year 1910 and other statutes on Ine sanl
subject matter, as may aHecG ,appS
pertain to the City OF New Creams I1. MS, ~
and the same are hereby repealed; never
theless Public Improvement Certlncsat,e
may be issued in the manner PROVIDED
said Act No. Sc of 1908. and aInendme en-
thereof, IN payment of any CONTRACT nlao
before this amendment takes effect.
Section 4. The City of New Orleal
may also issue and negotiate It's pono
when authorized by vote q 9 I.a aJ,sart
taxpayers, who shall have been assess \,
for property in said city as shown py ~. -
last assessment made prior 10 the stsp oa.,s
sion of the proposition to the SalQ proper.
taxpayers and who are otherwise quaiiie
to vote under the Constitution ana ia ny
of this State, voting at an elecl1oil ca ad-ls
by ordinance adopted by a vote o. LW Ivy
thirds of ali the members of the Commits
sion Council. or its successor a. ne ns,a an y
erning body of said City of New Orlean
and which ORDNANCE before ,sa any ssdo Sde
by a vote of three-fourths OF all the 1ne si
beers of the Board of Liquidation, i, III
Debt. Due notice of said election snail q
Journal Of said city -four weekly 1nSertiol
OF said notice constituting, a pupllc &c. !.
for thirty days, providing thirty Gays = II
reryene between the date OF the II
insertion and the date of said electlohll,.
No bonds shall be issued ufdeI u
section for any other purpose or lor "a, 81
greater amount than stated IN the 81,
mission of the proposition to sald la
payers - a.. .aood nest
isnce, storm or other PUBLIC caiafnl. w. -
CITY of New Orleans shall have poWe
nv a two-thirds vote of all the mempe
sf the Commission Council or It's s 81
cessor as the governing body 81 ssil ai. ca
concnrred in by three-fourtns yo t,ea.
all the members OF the Board @ Llqu. az
ISSUE and negotiate bonds in sucn SUI
NOT exceeding Five Hundred Thousai
noIlars ($500,000), as shall be necessal
in any one such emergency.
Section 6. For the purpose OF fei ui aan
ali or any part Of the bonded irdepteatnte,
of the City of New Orleans existing at {,
time Of the adoption Of this amendim ne.
bonds may from time to time pc iSsu'
and negotiated. When any OF the lssu
nj the bonds of said city OUTSTANDING
the time Of the adoption OF Inls di me
ment shall become callable ACCORDING
their terms or the statutes under VIII,
thev are respectively issued, or when U
Consent of all the holders OF any 81.
issIe Of bonds can be secured, the BOO
of Liquidation, City Debt, s1aIlz I Lsa.s a. -
one or more of said issues of bonds, al
snail be authorized by resolution an
adonted to issue and negotiate bonus =,
nroyide the funds necessary Ior =.
purpose; providing, however tha AL, ~
event shall the par, value Of the oon as !,
sf the bonded Indebtedness thereby 70
refunded. z;t