St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-30
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lama
Adopted at the Session OF the
Legislature of 1916.
To Be Voted On at the Congress
sionai Election.
Act No. 4

" s16DlH " IHc lily vi
of the Board of Directors of the Pub
Ilc Schools. Parish of Orleans, re-
spectively the issuance of serial bonds
by said city, the purpose for and the
manner in which same may be issued
and the duties and functions or the
Board of Liquidation, City Debt, with
reference thereto; and the levying by
the City of New Orleans u the
Board Of School Directors, Parish OF
Orleans, respectively, of certain taxes
for general municipal and school pur-
poses; and providing for the submis-
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 member elected to each house
concurring, that subject to the ratlnca-
ton and approval of the electors or
the State, the Constitution of the state
he amended by Incorporating therein
the following provisions, to-wit:
Section l.. The City of New Orleans,
Nv a vote of three-fourths of all the
members of the Board of Liquidation
city Debt, approved by resolution of the
Commission Council, or Its successor as
the governing body of said municipality
adopted by a vote of tWo-thirds of all
ihe members of said council or govern
ing body, shall have power and Is here
by authorized to issue Nine Million DOL
lars ($s.0 0e, 000l of bonds. to be styled
CITY of New Orleans Serial Gold
Bonds.a and to bear such rate OF inter
4st AZ the Board of Liquidation, City
Tlebt, may fix from time to time as each
i~nstallment of said bonds is offered for
sale as hereinafter provided
Section 2. Three Million Dollars (S3,-
600, e00), In par value, of the bonds au-
fhoriZed by Section ! of this amendment
shall forthwith be sold.
The proceeds of said three million
dollars of bonds shall be applied exclu-
siveiy to the following purpose and in
the following order:
Ca The payment of the outstanding
and unpaid school Teachers Salary
Bonds or tbs City of New Orleans" is
sued under Act No 2 of the General AS
eembly of the State of Louisiana ror
the year 1906, which bonds shall be
called for payment and paid as soon as
practicable;
(b) The payment of the principaI of
Board Of Directors OF the Pub
tic Schools, Parish Of Orleans,
evidenced by note or notes. out
standing at the time of the adoption
Of this amendment to an amount ne
exceeding Six Hundred and Fifty Thou
sand Dollars (S650, 000); provided that
In the event that said indebtedness or
any part thereof shall W. been paid
by said Board out of its current reve-
nues previous to the adoption of this
amendment, the amount thus paid Cnor
to exceed $3.50, 900, however,, shall be
paid over in a to said Board to be
~ MHNu ny lIHloI BCIiOO1g P1AR OSCS, do Q4o~
vtded by law;
(cl The payment of the sum of Five
Hundred Thousand Dollars ($500,000).
9th interest thereon, borrowed by the
City OF New Orleans for storm emergen-
5cy urposes In the year 1915;
td) The payment of the overdraft or
other Indebtedness due by the City OF
New Orleans to it's fiscal agents or other
made by them to said city. other than
those referred to in paragraph tc) or
ahIs section. to an amount not exceed
ing in principal and interest the sum
ay Thousand Dollars ($1,350, 000) and
tel The balance OF said proceeds
shall be used and employed by the
Board OF Liquidation, City Debt, for the
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 TO
time, in such mounts as the Board Of
Liquidation, City Debt, may determine,
and the proceeds of the sale thereof
shall be applied by said Board to the
payment Of Public Improvement Certif-
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 time in payment OF
any contract made before this amend
mont takes effect, at their respective
rnaturities or when said maturities can
be anticipated upon terms satisfactory
70 said Board.
Said Act No. Sc of 1908 and all
amendments thereof, as well as all stat
utes upon the same subject, and so
much of Acts No. 1928 and No. 270 of
the General Assembly of the State or
louisiana for the year 1910. and other
statutes on the same subject matter. as
may affect, apply or pertain to the City
g If sMAOV M0 rtao nc he and fhn 40 mo ora
hereby repealed: nevertheless Public
Improvement Certificates may be issued
in the manner provided by said Act No.
SO OF 1908, and amendments thereof, in
this amendment takes effect.
Section a. The City of New Orleans
may also issue and negotiate its bonds
when authorized by a vote of a majority
IN number inc amount of the property
taxpayers. who shall ave 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
the members of the Commission Coun-
oil, or its successor as the governing
body of said City of New Orleans, and
&ion is ordered shall be also adopted by
4 vote of three-fourths of all the. mem
oers of the Board of Liquidation, City
Debt. Due notice of said election shall
be published for thirty days in the Off
cial journal of said city -four weekly
Insertions of said notice constituting a
publication for thirty days provided
thirty days intervene between the date
of the first insertion and the date OF
said eiecllOn1.
No bonds shall be issued under this
section for any other purpose or for
any greater amount than that stated IN
H. ett1y.atgcfnN rf = tho ~ TnFsnV.ngifinv tn
said taxpayers.
Section s. In case of fire. flood, 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
its successor as the governing body OF
said city, concurred in by a three
Sourths vote of all the members of the
Board of Liquidation, City Debt, to
borrow money and issue n negotiate
bonds in such sum. not exceeding Five
Hundred Thousand Dollars {$500, 000),
as shall be necessary in any one such
emergency.
Seetion 6. For the purpose or re-
funding all or any part of the bonded
indebtedness of the City of New Orleans
existing at the time of the adoption of
this amendment, bonds may from time
TO time be issued and negotiated. When
any of the issues of the bond of SAID
city outstanding at the time of the adop-
ton OF this amendment h become
ca1iable according to their terms or the
statute under which they are respec-
lively. issued. or when the consent Of
all the holders of any such issue OF
bonds can be secured. the Board of LII
quotation, City Debt, shall have tne
right in its discretion to call n pay
any one or more of said issues OF bonds,
and shall be authorized by resolution
duly adopted TO issue and ~negot1are
bonds to provide the funds necessary
for that purpose: provided. however.
that in no event shall the q value of
the bonds so sold and negotiated ex-
sssed the par value Of the bonded IN
debtsdness thereby TO be refunded.