The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1916-09-23
PROPOSED
AMENDMENTS
TO THE
CONSTITUTION OF LOUIS
lana
Adopted at the Session of the
Legislature of 1916.
To Be Voted On at the Congress
siOnal Election.
Act No. 4

spectyeIy the issuance or seriaI t'N4s
by said city. the purpose for 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 levyInE by
The City OF New Orleans and the
Board OF Schoo' Directors. Parish OF
Orleans. respectively. Of certain taxes
for general municipal and school Tu--
poses: and providing for the submits
sion OF said amendment 90 the cleo
tors OF tho State Tor their approval
or rejection.
Be II enacted by tho General Assem-
bly OF the State OF Louisiana. twO-thIrds
Of all the members elected t. each house
ooncurring. that subject to the rat!ilCa-
ton and approval OF the electors OF
tho State. the Constitution Of the State
be amended by Incorporating therein
the following provisions. tp-wit:
Section l. The city OF New Orleans.
by vote OF three fourthS Of all the
members OF the Board OF Liquidation
City Debt. approved by resolution Of the
Commission Council. or It's successor as
the governing body OF said muni0 gality.
adopted by a vote OF two-thirls Of ali
the members OF said council or govern
ing body. shall have power and rs hCre-
by authorized to issue Nine Million Dol
lars $4,000 O0OD OF bonds, to be styled
city OF New Orleans Serial Gold
Bonds" and TO bear such rat" or inter
sst as the Board OF Liquidation. city
Debt. may FIX from time to time as each
installment OF said bonds is offered for
sale as hereinafter provided
Section 2. Three Million Dollars tS3.-
600. 0O0), in par value of the bonds au-
thorized by Section Of this amendment
shall forthwith be sold.
The proceeds Of said three million
dollars OF bonds shall bc applied eXClu-
sively to the following purposes and in
the following order:
(a) The payment OF the outstanding
and unpaid school Teachers Salary
Bonds OF the city OF New Orleans is
sued under Act No of the General As
sembly of the state Of Louisiana pr
the year 1906 which bonds shall be
called for payment and paid as soon as
practicable.
o. The payment OF the rrincipaI or
the floating indebtedness OF the
lie schools. Parish Of Orleans.
evidenced by note or notes out
standing at the time Of the adoption
Of this amendment to an amount n
exceeding Six hundred and FIFTY Thou
sand Dollars (SGj0. 0O0); provided that
in the event that said Indebtedness -"
any part thereof shall have been paid
by said Board out OF its current revo-
nues previous to the adoption OF TINS
amendment the amount thus PAID CnOt
to exceed S65O.0O0. however,. shall be
paid over I'm cash 10 said Board 10 ="
used by It for school purposes. as pro-
Vided by law;
tc) The payment Of the sum OF FIVE
Hundred Thousand Dollars tS50O.OoDo
City OF New Orleans for storm energen-
oy purposes in the year 1915;
td) The payment Of the oycrdraft or
other Indebtedness due by the City OF
New Orleans to its fiscal agents or other
banks representing loans or advances
made by them TO said city. other than
those referred 10 in paragraph tcD or
this section, to an amount not exceed
ing in principal and interest the sum
Of one Million Three Hundred and Fly
~ Thousand Dollars Sl,350 .00OD: and
(e) The balance OF said proceeds
shall be used and employed by the
Board OF Liquidation. city Debt for the
payment or Public Improvement Certlf-
-ates of the city Of New Orleans as set
forth In Section OF this amendment.
Section , Inc remainder of the
bonds authorized by Section Of this
amendment. or so much thereof as NAV
he necessary. shall be sold. from time 20
time. In such amounts as the Board or
Liquidation, city Debt. NAV determine
and the proceeds OF the sale thereof
shall be applied by sand Board to the
payment Of Public Improvement Certin-
cntes authorized by Act No sc OF the
General Assembly OF the State % Louis
lana for the year 1908 ard acts ampnda-
tory thereof. and presently outstanding
or issued at any time in payment or
any contract made before this amend
ment takes effect at their respective
maturities or whom said naturtttes can
De ANTICIPATED upon terms satisfactory
20 said BOARD
Said Act No. SO Of zoos ami all
amendments thereof as well as an stat
Htes upon the same subject and 50
much or Acts Va. Us ana 30. "a Of
'he General Assembly OF the state ar
Louisiana for the year 1910. aud Other
Vstatutes on the same subject matter "a
may anect. apply or pertain TO the civ
or New Orleans. be ami tho same a-a
herehy repealed: nevertheless Publ,
Improvement Certificates NAV 10 issued
In the manner provided hv said Act M
So OF 1908. and amendments Thereof I'm
DRYmRnf frR
this amendment takes effect
Section I. The city Of New Orleans
nay also iSSu" and negotiate It's bonds
when authorized by q vote ~ a ma iar--y
In number and amount oF tho rlr.,rnrr,.
taxpayers. who shall have been rseas-aI
for property in said c!tv as shown Nv
the last assessment raHn prior 10 tho
submission OF the p~urpafffo,r - ~.
said property taxpayers ana who are
otherwise qualified 20 vote vr1.~ fn.
Constitution and laws o~ This state
voting at an election called by ordinance
adopted by n vote OF two t'.i~1S of an
the members or the Commission Conn
ell, or Its successor rs the governing
body OF said city Of New orleans ANA
which ordinance before anv such elar.
ton is ordered shall I've a So ALLOTTED nv
vote Of thrp"-fOurthS or an tho NOV,
bsrs OF the BOARD Of Liquidation. CIV
Debt. Due notice OF said election SHAH
be published FOR thirty davS in tie a.r-
Sial Journal OF said city tfnvr yvea.,ry.
insertions OF said notice constituting a
To- :
thirty days intervene between the G.ra
or the first insertion and the date ~
ssid elecuonD
No bonds shall be issued under THIS
section for any other purpose or Tor
any greater amount than that sr9-af IN
the submission OF the proposition to
said taxpayers
Section S. In cas-" or Ire. 5000 nes-
Thence storm or Other public r1la,iftv
the CITY OF New Orleans shall 80
power. by rwo-tnfrFe vote rF AT 49,,
members Of the Commission Cg.r~u or
Its successor as the governing boFv or
said city. concurr"d IN by a three
fourths vote OF all the members og TO
Board OF Liquidation. CITY Debt 20
borrow money and issue and Negotiate
bonds In such sum. not cyccefEnf, Frty.
Hundred Thousand Dollars $500 600,
a. shall be necessary In any ono such
emergency.
Section 8. For the purpose or -.
funding all or any part - to borret
tndsbtsdness Of the CITY 0F Ergy grTo,,.
existing at the time az the aFgnf.oD 81
this snsndrsrt, bonds may from time
70 time be issus 81 aal negotiated yybc,
any Of the issues OF the bonds ~ ss,t
city ouhtandinR at the time of the aFgr-
sion OF this R-nsnfrn-r, shall hrr0-Ts
callabis according 20 their terms rr re
statutes under which they are raspcr-
al ne hoidsrs ~ ary ss~H feege p,
bonds .sh - secured thr Fra-1 .r III.
aui6asor. cry Debt sra. have 80
rfxnt - its discretion % ,aV ar1 nav
sny ere Or nors % sst1 rssGss ~ s9nds
snS sAeii - suthn~'zaS ~ resolution
aulT adopted ~ Issue Anf raza'-s,.
bosds 20 provide ths funds rsoesEa-y
Tor tsst purpose. provided aspsysr
ebat in no event shsil the par valya ~
ne sosds 81 sold ara nszS'fa'AG 81
ssbtsdssss sh,rsoy - os refunded