The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-09-30

Igll ~ under subsequent legislation. shalt
Het al sgy uHg time be outstanding "a an
amount ia excess 81 tNg Mb'i"n t'"lisFs
yBG gHat IN face value,
section h.. The total issue 81 bonds hy
tHr gfis 81 New Orleans Tot al purposes
shall never exceed ten per eentum 81 the
assessed ytiuatiott 81 the property 80 SAID
g.ts. prov DEED. however that neither the
blgas ssstcd tor water sewerage hAa
drainage purposes luameis, the stS,Vgt
ecu FuHHr improvement Bonds issued
under ssJI Act No. & os 1899 au3 the
s. p8U. Hu &sA Public Improvement bonds
ISSUED uuiyr Act Nc 10 Of the General
ASSEMBLY 10 the state OF Louis Ana Tor
fIp #.rHf 1906 and sets aWtudAiOTy there
81 ana rdpplvmcHlal thereto, as well as
#4gh bonds, hereby er hereafter author
iguu into which the aforesaid bonds or
auy part thereof Wty be refundedl, nor
the g. au9. pa9 Public lielt Railroad Bonds
b Aet No, rs u the Jeheral
Assembly uf the state Of Louisiana Tor the
wear l4Hs HuT atty bends hereafter AT
thurlzgl tot FUTILE BELT Railroad par
posses. unr RBy bonds which may hereafter
be issued Tor water supply or. for the
ar construction u aas revenue
producing public utility, nor ans paving
certificates primarily ghAtEeable against
special assessments Tor street paving.
skail be- Included IN computing the naeht-
tiupss of said city 81 New Orleans under
this limitation and provided further that
tbGFi1ed In Section Of this amendment
even though said Limitation shall have
been reached pros laed That tie Nine Mi
lion Dollars II bonds authorized b. Sec
tluu / IT this amendment shall not be
subject % the limitation hefeAH liked at
issued but with respect 70 any other
tsuuds that may bee Issued hereafter under
Tits amendment there shall be iRCluded
ia the computation said Nine Million
Dollars Ui bObdS notwithstanding The Tact
that ali uf a4tia Nine Million Dollars Of
bunds shalt not have been actually issued,
HUi such amount Of emergency bonds a.
MAY bs then outstanding,
Section a. The Board Of Liquidation,
CITY Debt, as Huv organized and created
aad wtth the powers duties ana functions
prescribed b. existing laws and by this
amendment shall bs continued while any
bonds authorized bS this amendment are
outstanding and uupsld, and all taxes
Which may bt levied for the payment 81
sati bonds shaH aa} hy day az collected,
il De- Applied is payment Of the principal
and interest Ut said bonds. aud Hafd board
shall eItb respect 60 all bends authorized
- tHts pWrulmsut be gHlltled TO exercise
az the lights and enforce The performance
bf az tht obligations, tht same as u Ii
authorized Ca do under laws existing st
bee time of tbs adoption 81 this amend
Hlsnt Nith respect To- any of the presently
uss landing bonds 81 said ttY u New
orleans All funds, property and things
u4 value held - tla Hoard 81 Liquidation,
a4tF Debt fer bonded aEli purposes ether
than taxes HsH ~ hereafter levied, and
particularly all tuhds. property and things
~ value nov 81 hereafter held hy said
Board uRder Act No i9j II the General
Assembly ui fht state % Louisiana sbs
the year iSs1 and Al amendments there
20, shalt wheH released from contrRct
Obligations or dvHIuattcns imposed BY laws
existing az the time 9l the adoption II this
amendment be- use8 ahd employ ed N the
discretion Of said BOARD ia payment and
retirement Ut ans bonds Of the city Of
NeN biieaue then outstanding
ssaHau 10. tpf general municipal pur-
poses exclusive ~ The support and in8iH
ttua#gt ~ the public schools and the pay
WFBt u5 the bonded debt Hf the city Of
Nrw oflsisas. sad city mgy ga each year
iCyE upon all taxable property within said
city q tas not exceeding six Aud one half
mills aH the dollar al the assessed Ral4a-
ton thereof provided. however that when
the Hus per rDat debt tax authorized BY
satd Act Ne. 40 al 1890 and the two- mili
water ard sewer TAX authorized by said
Att Sc CT 1889 shall both have ceased
ip be- levied. and II thereafter the taxes
levied Is the tHiy ~ New Orleans n any
aHe Year for bonded debt purposes be less
lban tph mills. said eity may IN such
events leyt tor as general purposes such
tax Of STA and onehaR mslls hereby
authorized and The taxes levied for the
pa ment Of the principal and interest Of
It's bonds AS they seyefally mature. shall
not eSey!d ia the aggregate sixteen and
one half 'alls
Section Is The reservation ot twenty
per cent ~ the res rHues ~ the city Of
View Orleans shall Hat hereafter be made
as directed b. Section 80 If Act no i5a Of
the General Assembly Of the siaie 81
Louisiana for the year 1912, except inEo-
far as the fund so directed to be reserved
shall have been appropriated or dedicated
before this HsaeudRSgit takes effect 10 the
pas weUt al any obligation Of the city Of
New Orleans. and said reserve fund Of
each year when released from the obi
cations charged against e by law and
because ~ contracts, existing at the time
Of the adoption Of this amendment. shall
be used laF general municipal purposes.
Section H. For the support, mainte-
nance, construction and repair Of the
public schools 10 the CITY 81 New Orleans
the BOARD 81 Directors Of The Public
schools Parish II Orleans, or It's legal
successor. shall levy annually such tax
act exceeding three and one,half mills. as
satd Hoard shall deem necessary. which
lssy shall be certified BY said Hoard 10
the commission Council or other future
governing body oi the City Of New or
leans which shalt cause the tax 10 be
entered upon the tax rolls Of said city
according Go law against all taxable
property in sald city as assessed and
valued Tor city taxation purposes. and
said tax shall b. collected hy said city and
paid over 90 said Hoari Of Directors IL the
l'uhhe schools. Parish q Orleans, day by
day az collected
Said tax shall be In lieu Of all taxes.
appropriations and ftnas nov authorized
ar directed GO be levied or contributed BY
the city ST New Orleans for public school
purposes, either BY said Act Nc. lie OF
1850 OF other provisions 81 fha IsoHptlta-
iion of tbs state All constitutional pro-
visions 20 the contrary. as we'll az Act
No 96a IT thu General Assembly Of the
state Of Louisiana for the year 1914,
ratified as an amendment TO the ConHsi-
tutlon of lhls state, are hereby abrogated
and repealed and the city az New orleans
thaH have $50 power or authority te use
81 employ any If It's taxes or funds for
the establishment support or maintenance
Of the public schools, directly or indirect
- except as herein authorized provided,
however that the CITY Of New Orleans
shan administer use and employ I'll the
funds property or things Of value now or
hereafter held by II under any special
Legacy, Request or donation made or 80
be made directly 90 Il FOR seheol purposes.
aud shall carry out and execute the con.
diisohz az an such speeiai iegaciea, be-
quests ur donations that have been here
tbfHte made g. and accepted ~ said city
~ Sew Orleans and all sash az may here.
after ht mace ~ and accepted hy said city
Section IS Fer the purpose Of giving
additional support Ia the Public Schools.
the Heard ~ Directors ~ the Public
Schools Parish Of Orleans or its legal
successor. may levy upan all taxable
property III the CITY of Nea Orleans a