The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1916-09-28

New Orleans, but such certificates shall
be secured as herein and as otherwise pro-
Vided for by said act or subsequent legiS-
latlVe authority not i'll conflict herewith;
provided, however, that paving certificates,
for which the faith and credit of the City
of New Orleans shall be pledged whether
issued under the aforesaid Act No. % of
1914, or under subsequent legislation, shall
not at any one time be outstanding in an
amount in excess of Five Million Dollars
tS5,000,0 00) in face value.
Section IL: The total issue of bonds by
the CITY of New Orleans for all purposes
/ assessed valuation of the property in said
city; provided, however, that neither the
bonds issued for water, sewerage and
| 600, Public Improvement Bonds issued
under said Act No 6 of 1899 and the
$4,000; 900 New PUBLIC Improvement Bonds
| issued under Act No. 10 of the General
Assembly of the State of Louisiana for
| the year 1906, and acts amendatory there
OF and supplemental thereto, as well as
ized into which the aforesaid bonds or
any part thereof may be refunded, nor
the $2,o0o.00o Public Belt Railroad Bonds
authorized by Act No. 179 of the General
! Assembly of the State of Louisiana for the
year 1908, nor any bonds hereafter au-
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.
shall be included in computing the indebt-
ednesS of said City of New Orleans under
this limitation: and provided further, that
emergency bonds may be issued au-
thorzed in Section of this amendment
even though said limitation shall have
been reached; provided that the Nine Mil
lion Dollars of bonds authorized by Sec
ton L 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
Dollars of bonds, Notwithstanding the fact
| that all of said Nine Million Dollars of
bonds shall not have been actually issued,
and such amount OF emergency bonds as
Section Il The Board of Liquidation,
City Debt, as now organized and created
prescribed by existing laws and by this
amendment, shall be continued while any
bonds authorized by this amendment are
which may be levied for the payment of
said bonds shall, day by day as collected,
be paid oyer 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 it 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 fol
the year 1880 and all amendments there
to-. shall when released from contract
| 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 i'll payment and
retirement of any bonds of the City OF
New Orleans then outstanding
5 Section Is. For general municipal pur-
l poses. exclusive of the support and main
: ment of the bonded debt of the City OF
, New Orleans, said city may in each yeal
! levy upon all taxable. property within sait
city a tax not exceeding six and one-hali
| mills on the dollar of the assessed valua-
l tion thereof provided, however, that wher
the one per cent debt tax authorized by
: water and sewer tax authorized by saie
2 Act No. of 1899 shall both have ceased
5 to be levied and if thereafter the. taxes
l levied by the. City of New Orleans in any
one year for bonded debt purposes be less
: than ten mills, said city may in sucf
e events levy. for its general purposes sucl
tax of six and one-half mills hereby
authorized and the taxes levied for the
E payment of the principal and interest o
: its bonds as they severally mature, shall
!. not exceed in the aggregate sixteen ant
+ one-half mills.
' Section 16. The reservation of invent!
per cent of the revenues of the City o
S New Orleans shall not hereafter be made
1 as directed by Section 40 of Act No. 159 o
4 the General Assembly of the State o
e Louisiana for the year 1912, except inso
far as the fund SO directed to be reserved
i shall have been appropriated or dedicated
r before this amendment takes effect to thu
0 payment of any obligation of the City o
= New Orleans. and said reserve fund o
r each year, when released from the obi
f cations charged against it by, law an'
e because of contracts: existing at the tim
be used for general municipal purposes.
g Section II. For the support mainte
+ nance. construction and repair of. tn
p the Board of Directors of the Publ
e Schools. Parish of Orleans, or it's lega
e successor, shall levy annually IS such ei tax
q said Board shall deem necessary, which
levy shall be certified by said Board t
d the Commission Council or other futur
n governing body, OF the City of New Or
n leans, which shall cause the tax to b
Ii entered upon the tax rolls of said cit,
according to law against all taxabl
Y valued for city taxation purposes; an
e said tax shall be collected by said city an
: paid over to said Boarl of Directors of tn
: Public Schools, Parish of Orleans, day b.
). day as collected.
e Said tax shall be in lieu of all taxes
C appropriations and funds now authorize
r the City of New Orleans for public schoc
: purposes, either by said Act No. ITO Q
5, 1890 or other provisions of the Constitu
d ton of this State All constitutional pro
: visions to the contrary, as well as Ac
e No. 262 of the General Assembly of tn
: State of Louisiana for the year 1911
d ratified as an amendment to the Consti
n tuition of this State, are hereby abrogate
= and repealed; and the City of New Orlean
r shall have no power or authority to us
n or employ any of its taxes or funds TO
n hliShmpnf m
:. of the public schools, directly or indirect
II ~. except as herein authorized provided
however, that the City of New Orlean
p shall administer, use and employ all tn
q funds, property or things of value now o
a hereafter held by it under any Specia
!, legacy, bequest or donation made or t
n be made directly to it for school purposes
d and shall carry out and execute the con
g ditions of all such special legacies. be
. quests or donations that have been here
- | tofore made to and accepted by said Cit
a of New Orleans and all such as may here
p after be made to and accepted by said city
It Section IS. For the purpose of givin
d additional support to the Public Schools
: the Board of Directors of the Publ
# Schools, Parish of Orleans, or its lega
:. successor, may levy upon all taXabl
d property in the City of New Orleans
= special tax not exceeding two mills on tn
V dollar of the assessed valuation of sal
o property (Which special tax shall be i
t. excess of the tax authorized by Section l
g of this amendment), whenever a. in tn
d manner prescribed by Act No. ESQ of tn
:. General Assembly of the State of Louis
Il lana for the year 1910, and amendment
e | thereof, or in such other manner as sha
e be prescribed by law, the rate of sue