The Caldwell watchman. (Columbia, La.) 1885-1946, 1916-11-03
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
TO Be Voted On at the Congress
si0nal Election.
Act No. 4

House BIZ No. 4. BY Mr.. Byrne
A JOINT RESOLUTION.
Proposing an amendment to the Consti'
tuition of the State OF Louisiana pro
viding for: The funding of certain
debts of the City of New Orleans and
OF the Board of Directors of the Pub
lie Schools. Parish OF Orleans, re-
spectively the issuance Of serial bonds
by said city. the purpose tor 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, respectively, Of certain taxes
for general municipal and school pur-
poses; and providing for the submls-
sion Of said amendment to the elec.
tors of the State for their approval
or rejection.
BE it enacted by the General Assem-
bly, OF the State Of Louisiana. two-thirds
Of all tho members elected to each house
c]oncurring, that subject to the ratitica-
ton and 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 a vote of three-fourths Of all the
1tSAtpSiS VI tlc DphIu VI i-lftiid''Ni
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
the members Of said council or govern
ing body, shall have power and Is here
by authorized TO Issue Nine Million Dol
lars go, 900, 000) Of bonds. to be styled
CITY of New Orleans Serial Gold
Bonds" and to bear such rate of inter
est as the Board Of Liquidation. City
Debt. may fix from tim to tim as each
installment OF said bonds is offered for
sale as hereinafter provided.
Section 2. Three Million Dollars 49,
600, 00Ol, in par value, of the bonds au-
thorized by Section l Of this amendment
shall forthwith be sold.
The proceeds Of said three million
dollars Of bonds shall be applied exclu-
etvely to the following purposes and in
the following order:
(a) The payment of the outstanding
srd unpaid School Teachers Salary
Bonds OF the City Of New Orleans is
sued under Act No 2 of the General As
sembly Of the State of Louisiana >or
the year 1906. which bonds shall be
called for payment and paid as soon as
practicable;
the floating Indebtedness OF the
Board Of Directors of the Pub
lie Schools. Parish OF Orleans,
evidenced by note or notes out-
standing at the time Of the adoption
of this amendment to an amount nc
exceeding Six Hundred and Fifty Thou
sand Dollars (S660,000); provided that
in the event that said Indebtedness or
any part thereof shall have been paid
by said Board out Of its current reve-
nues previous to the adoption of this
amendment, the amount thus paid mot
to exceed s650.000, however,, shall be
paid over in cash to said Board to be
used by it for school purposes, as pro-
vided by law;
Hundred Thousand Dollars $500. 00O).
with interest thereon, borrowed by the
City Of New Orleans for storm emergen-
cy purposes in the year 1915;
ID The payment of the overdraft or
other Indebtedness due by the City Of
New Orleans to It's fiscal agents or other
banks representing loans or ~advance
those referred to in paragraph Co OF
this section. to an amount not exceed
ing in principal and interest the sum
of One Million Three Hundred and FIJI
ty Thousand Dollars &l.350, 000); and
tel The balance of said proceeds
Board OF Liquidation. City Debt, for the
payment of Public improvement Certih-
Gates Of the City Of New Orleans, as Sc,
forth in Section 5 of this amendment.
Section 8. The remainder of the
bonds authorized by Section l of this
amendment, or SO much thereof as may
be necessary, shall be sold, from time 70
time, in such amounts as the Board of
Liquidation, City Debt, may determine,
n the proceeds Of the sale thereof
shall be applied by said Board to the
payment OF Public Improvement Certif-
Gates authorized by Act No. 56 OF the
General Assembly of the State of Louis
lana for the year 1908. and acts amenda-
cory thereof. and presently outstanding
or issued at any tim in yme of
any contract made before this amend.
ment takes effect, at their respective
maturities or when said maturities can
pc anticipated upon terms satisfactory
TO said Board.
Bald Act No. 56 Of 1908 and al,
amendments thereof, as well as all stat
utes upon the same subject. and so
much of Acts No. 12S and No, 27O oi
the General Assembly Of the State of
Louisiana for the year 1910, and Other
statutes on the same subject matter, as
may arect, apply or pertain to the CITY
. Ne" orleans, be and the same are
hereby repealed: nevertheless Public
improvement Certificates MAY be issued
IN the manner provided by said Act No,
% OF lsOS, and amendments thereof in
Iaynleht or any contract made before
thls amendment takes effect.
Section 4. The City of New Orleans
may also issue and negotiate IT'S bonda
when authorized by a vote of a ma low,
In number and amount Of the ]nrGnerty
taxpayers. who shall nave been assessa5
TOT property in said city as shown hy
the last assessment made prior 70 ~
submission of the proposition to tne
sou property taxpayers and who are
OTHERWISE nlplifp1 70
Constitution and laws OF this Stata
voting at an election called by ordinance
ADOPTED by a vote of two-thirds Of oil
the members of the Commission Co,r.
oil. or Its successor as the rovernfno
BODY or said City OF New Orleans AND
when ordinance before any such cleo.
ton is ordered shall be also adonte: y,
o vote of three-fourths of all the NAV
bers or the Board of Liquidation. Cit,
Debt. Due notice of said election sbei
be published for thirty days in the Off.
clal journal OF said city -four week.,
insertions OF said notice constituting 8
publication for thirty days, provided
thirty days intervene between the dat,
Of the first insertion and the data ~
said elecuon).
No bonds shall be issued under ,b,,
section for n other purpose or 70
any greater amount than that stated :,
the submission Of the proposition I,
said taxpayers.
Section g.. In case of fire, food, pes
thence, storm or other public Calamity
the City of New Orleans shall hay
power, by a two-thirds vote OF all IN
members OF the Commission Council. O
It's successor as the governing body q
said city, concurred in by a three
fourths vote OF all the members OF tn
Board Of Liquidation, City Debt. t
borrow money n issue and negotiat
bonds In such sum, not exceeding Ffy
eY,.drad Thousand Dol1ar, (sroo oon,