The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-09-02

issued under the aforesaid Act no. 20 of
1914. or under subsequent legislation, shall
not at any one time be outstanding in an
amount in excess of Five Million dollars
(S5, 600, 000) in face value.
the City OF New Orleans for all purposes
shall never exceed ten per centum OF the
assessed valuation Of the property IN sac Sha
bonds issued for water, sewerage ana
drainage purposes namely. the s12o00,,,
600. Public Improvement Bonds issued
under said Act No. 6 of 1893 and the
S. 900, 900 New Public Improvement Bonds
issued under Act No. 10 of the General
Assembly of the. State Of louisiana Tor
the year 1906, and acts amendatory there
of and supplemental thereto. as well as
such bonds, hereby or hereafter author-
lied, into which the aforesaid bonds or
any part thereof may be refundedl, nor
the 81. 100000 Public Belt Railroad Bonds
authorized by Act No. 179 of the General
Assembly of the State of Louisiana for the
thorized for Public Belt Railroad pur-
poses, nor any bonds which may hereafter
be issued for water supply or for the
ACQUISITION or construction OF any revenue
producing public utility, nor any paving
certificates primarily chargeable against
special assessments for street paving,
edness of said City of New Orleans under
this limitation; and provided further, that
emergency bonds may be issued as au-
/
even though said limitation shall have
been reached; provided that the Nine Mil
lion Dollars of bonds authorized by Sec
ton / of this amendment shall not be
subject to the limitation herein fixed at
the time or times that same shall be
| issued; but, with respect to any other
bonds that may be issued hereafter under
this amendment there shall be included
/ in the computation said Nine Million
Dollars OF bonds, Notwithstanding the fact
| that all of said Nine Million Dollars of
1 dc chol Af hox afrr " a
and such amount OF emergency bonds as
| may be then outstanding.
| Section IA. The Board OF Liquidation,
| City Debt, as now organized and created
and with the powers. duties and functions
prescribed by existing laws and by this
| amendment, shall be continued while any
bonds authorized by this amendment are
outstanding and unpaid; and all taxes
which may be levied for the payment of
said bonds shall. day by day as collected.
be paid over to said Board, and shall by
/ and interest of said bonds; and said board
| shall with respect to all bonds authorized
| by this amendment be entitled to exercise
all the rights and enforce the performance
| of all the obligations, the same as 1t is
| authorized TO do under laws existing at
the time of the adoption Of this amend
ment with respect to any of the presently
| outstanding bonds of said City OF New
Orleans All funds. property and things
of value held by the Board of Liquidation,
City Debt, for bonded debt purposes other
| than taxes now or hereafter levied, and
particularly all funds, property and things
of value now or hereafter held by said
Board under Act No. 1873 Of the General
| Assembly of the State of Louisiana for
the year 1880 and all amendments there
to, shall when released from contract
4 obligations or dedications imposed by laws
existing at the time of the adoption of this
amendment be used and employed in the
discretion of said Board in payment and
| retirement of any bonds of the City OF
New Orleans then outstanding.
Section 10. For general municipal pur-
poses. exclusive OF the support and main
tenance of the public schools and the pay
ment of the bonded debt of the City OF
| New Orleans, said city may in each year
levy upon all taxable property within sale
mills on the dollar of the assessed valua-
ton thereof: provided. however, that wher
the one per cent debt tax authorized by
said Act No. ITO of 1890 and the two-mil
water and sewer tax authorized by saif
Act No. 6 of 1899 shall both have ceased
to be levied. and if thereafter the take:
Levied by the City Of New Orleans in any any
than ten mills. said city may in such
events levy for its general purposes sucf
additional tax which. when added to tn,
authorized and the taxes levied for thu
payment of the principal and interest o
its bonds as they severally mature. shall
not exceed in the aggregate sixteen ant
Section 16. Inc reservation of invent!
per cent of the revenues of the City o
\
as directed by Section 40 of Act No 159 o
the General Assembly of the State o
, Louisiana for the year 1912, except inso
far as the fund so directed to be reserves
! shall have been appropriated or dedicate,
: before this amendment takes effect to tn
payment of any obligation Of the City o
;; each year, when released from the obi
cations charged against IT by law AM
) because of contracts, existing at the tim
. of the adoption of this amendment. shal
rnrlniclnal
r Section IL. For the support mainte
, nance, construction and repair of tn
: the Board of Directors of the Publ
I Schools. Parish of Orleans. or its lega
: successor, shall levy annually such tax
not exceeding three and one-half mills, a
said Board shall deem necessary, whic
levy shall be certified by said Board I
T the Commission Council or other futur
/ governing. body OF the City Of New Or
r leans, which shall cause the tax to b
4 entered upon the tax rolls of said cit
3 according to law against all taxabl
> property. in said city. as assessed an
: said tax shall be collected by said city an
4 paid over to said Boarl Of Directors of tn
\ Public Schools, Parish of Orleans. day b
Said tax shall be IN lieu Of all take:
appropriations and funds now authorize
y or directed to be levied or contributed
. purposes. either by said Act No. ITO {
: 1890 or other provisions of the Constitu
ton of this State. All constitutional pre-
q visions to the contrary. as well as Ac
2 No. 262 of the General Assembly Of tn
), State of Louisiana for the year 1911
= ratified as an amendment to the Const1
: tuition of this State, are hereby abrogate
and repealed; and the City of New Orlear
a shall have no power or authority to us
: or employ any of its taxes or funds fc
e the establishment, support or maintenance
: of the public schools, directly or indirect
4 ". except as herein authorized; provide,
n however. that the City of New Orlear
: shall administer, use and employ all III
y funds. property or things OF value now
n hereafter held by il under any speci;
n legacy, bequest or donation made or
= be made directly to it for school purpose
r. and shall carry out and execute the cor
. ditions of all such special legacies, bt
p quests or donations that have been here
q tofore made to and accepted by said Cit
= of New Orleans and all such as may here
i. after be made to and accepted by said cit
n Section Is. For the purpose of givir
d additional support to the Public School
IS the Board of Directors of the Publ