St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-10-28
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
10 Be Voted On at the Congress
sional Election.
j
AT
Act No. 4

House Bill No. 4. BY Mr.. Byrne.
A JOINT RESOLUTION.
Proposing an amendment to the Consti-
tuition OF the State of Louisiana pro-
vtding for: The funding of certain
debts OF the City of New Orleans and
OF the Board of Directors of the Pub
spectively the suanc Of serial bonds
by 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 levying by
the City of New Orleans and the
Board Of School Directors, Parish OF
Orleans, respec lively, of certain taxes
poses; and providing for the submis-
zion Of said amendment to the cleo
tors OF the State for their approval
or rejection.
Be it enacted by the Genera Assem-
bly, of the State of Louisiana, two-thtrds
ID ali the members elected to each house
ooncurring, that subject to the ratlfca-
ton n approval OF the electors OF
the State, the Constitution of the state
be amended by incorporating therein
the following provisions, to-wit:
Section /. The City of New Orleans.
by q / 0te of three-fourths of all the
Naembeas of the Board of Liquidation
City Debt, approved by resolution OF the
Commission Council. or its successor as
che governing body of said municipality,
adopted by a vote of two-thirds of all
the members of said council or govern
ing body. shall nave power and Is here 9
lars (Se.900, 000) of bonds, TO be styled
sxiCity of New Orleans Serial Gold
Bonds" and to bear such rate OF inter
mat as the Board Of Liquidation, City
Dent. NAV ax from time to time as each
inetallment OF said bonds 10 offered for
kaie as hereinafter provided
section 3. Three Million Dollars (s3,-
ooo,0o0), In par value, OF the bonds au-
thorized by Section J Of this amendment
shall forthwith be sold.
The proceeds OF said three million
doIlars of bonds shall be applied exclu-
aiyely to the following purposes aud IN
the following order:
g, Ihs payment agdbaos q tra the Outstanding sa1arg
bonds OF the city Of New Orleans is
sued under Act No 2 of the General AS
eembly of the State of Louisiana ror
the year 1905, which bonds shall be
called for payment and paid rs soon as
CD The payment Of the p.tincipa1 Of
BOARD Of Directors Of the Pub
Evidenced ~ as1es BY the n f3ne 81 q tb Sot saon 4nta
OF this amendment to an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars (S650.000); provided h a
IN the event tina said indebtedness or
H MAIYA HhAL A1pI GbtHAA 4A% o10A RAA-
by said Board out OF Its current reve-
nuss previous to the adoption OF this
amendment. the amount thus paid (not
to exceed $3.50, 600, however,, shall be
used by 1t for school purposes. as pro-
(c5 The payment of the sum of Five
Hundred Thousand Dollars $500, 00e).
with interest thereon, borrowed by the
City of New Orleans for storm emergen-
ey purposes in the year 1915;
i'd The payment of the overdraft or
other Indebtedness due by the City OF
banks representing loans or ~adyance
made by them to said city, other than
those referred to in paragraph (c) OF
this section, to an amount not exceed
Ing In principal and interest the sum
of One Million Three Hundr and Fiji
~ Thousand Dollars ls1,350.o0o); and
1e9 The balance OF said proceeds
shall be used and employed by the
Board of Liquidation, City Debt, for the
payment Of Public Improvement Certii-
Gates of the City of New Orleans. as set
forth In Section 8 of this amendment.
Section 8. 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
Liquidation, City Debt, may determine,
and the proceeds of the sale thereof
shall applied by said Board to the
paymenI Of Public improvement Certifi-
Gates au ierized by Act No. SIS of the
General ssembly of the State of Louis
lana for he year 1908. and acts anlenda-
tory thef Of, and presently outstanding
or Issue at any time in payment OF
men1 setNrs effect. at their respective
raaturities or when said maturittes can
pc anticipated upon terms satisfactory
to said Board.
said Act No. SIS of 1908 and all
amendments thereof, as well as all stat
utes upon the same subject. ana so
much of Acts No. 12S and No. 270 of
the General Assembly of he State OF
Louisiana for the year 1910, and other
statutes on the same subject matter, as
nay affect, apply or pertain to the City
of. New Orleans, be n 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 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
said property taxpayers n who are
otherwise qualified to vote under the
Constitution and laws OF this State,
voting at an election called by ordinance
adopted by a vote of two-thirds of all
Il IlG members Ol iiS SOUiHlISSiOn 1ouII-
CID, or its successor as the governing
body of said City of New Orleans. and
which ordinance before any such cleo
ton is ordered shall be also adopted by
q vote of three-fourths of all the mem
bers of the Board of Liquidation, City
Debt. Due notice of said election shall
be published for thirty days in the off,
ciaI journal of said city flour weekly
insertions of said notice constituting q
publication for thirty days. provided
thirty days intervene between the date
of the first insertion and the date Of
said eleclIon).
No bonds shall be issued under this
section for any other purpose or for
any greater amount than that stated IN
che submission of the proposition to
said taxpayers.
Section S. In case of fire, food. 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
It's successor as the governing body of
said city, c~oncurred In by q three
eourths 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 ($5ee, 000l.
as shall be necessary in any one such