St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-21

to pay the principal and interest OF
said bonds - they respectively become
due.
ali exciting dedication and appraprta-
lions Of said one per cent debt tax au-
thori.sd BY said Act Nc i1o . o. lsso Se1,
tax therein dedicated to public schools).
and Of said two.mM water ana sewer
tax. authorized BY said Act No: OF
a ass an:n ,; a .';sse9s ssd sss
utss establlshed: that all OF that portion
Of the funds fesuitin9 from the levy Of
sa. ad p
Of any Of the bonded debt obligations
th and ef fns
heretofore dedicated g public school
purposes. BE- ussd ana applied to the
payment Of the principal ana interest OF
all bonds issued under this amendment:
the payment Of the principal and inter.
est In any one year OF bonds authorized
By this amendment shall be turned over
When ma to the extent that. the obliga-
fions now charged on said taxes shall be
paid, satisfied or refunded. said taxes
:s +; iron . ssS 4ss.a
and discharged. shall cease to be levied:
ana. that Hereafter. any and all bonds
issued under this amendment shall be
property in he City Of New Orleans
ounaciset to pay the principal and In
forest Of said beads - they respectively
the event che funds hereinabove special
II dedicated Tor The payment Of the
principal and interest Of the bonds H.
susd under this amendznsnt should prove
sasii. ana Il . Aercby required to. levy
M every such instance Q tax upon all
taxablo property In the City OF New Or
leans NECESSARY 70 pay the pr1nc,pal
Section 3. The principal ana interest
Of all bonds authorised by this amenu-
ment shall be payable In gold coin Of
the DATED statss q A%ed'ca =, .1 i;
and dneness at the time Of the Issuance
Of each ln0tallmont Of said bonds.
Said bonds shall be exempt from all
other local purposes
0avingo banks. tutors Of minors cura-
tors Of interdiets. trustees and other
Qdueiaries may invest the funds in their
0aid bonds may be used for deposit
with any omcer. board. municipality. or
other political subdivision Of the State
Of Louisiana IN any case whore by pres
required.
9aid bonds may be registered and re-
LEASED from registry under such rules
e the board OF Liquidation. City Debt
~ ss.e Rsss'i Il. All sesa. issued under
this amendment shall bear such rate OF
interest OF. from time to time, different
rates OF interest ana oha1l. except ~
IN such form. terms and denominations.
and payable af such times and places.
within z period or NOT exceeding hfty
Board OF Alquieatlon. CITY Deot, ehail
dstsrmine; Said bonds shall be issued
In serial FORM ana shall be payable IN
annual installmsnts. commencing not
siss aste a ma tss instal1mea e pssase
IN each year snail Dc 80 nxed that. when
the annual lnterest - aodeo tnereto. the
several ennua! totai amounts UNITS OF prin-
% nearly equal g practicable; provided.
said insta 1a,,s may be fxed at nye
pie thereof:
Mayor and the Commiss.oner Of Public
Finance Of the City Of New Orleans. or
omcers e1ercisM1 Slmilar Iunctlons, ana
eountersienea q tne Fresldent or vice
Freeldent ma tne secretary or ASSIST
ant secretary OF me Board OF Liquida-
ton. City Debt. and the coupons at
tached TO said bonds SHAH bear the
1ac-eimMe s!snet4res OF saad Comm;s-
rotary or Assistant Secretary. In case
any such oficer whose signature
or counter-stgnature appears upon
cease to be such officer before
delivery Of said bond or coupon
to the purchaser, such signature or
eounter-signaturs shall nevertheless De
penss Of preparing ana selling said
bonds shall be paid for by the Board or
liquidation. City Debt
section IL. All bonds issued under
this amendment shall be sold by the
kirhest hidder Or bidders by sealed pro-
poeeIo e1ter oue aavertisement OF not
less than ave Insertions IN the official
Journal OF the Cty OF rev orleans tine
nret insertion 70 pc et Seest nfteen days
other eovertleemenS " 40 city or
elsewhese. ae eaid noafd r Liquidation
may n lse olscretso9 9sgct, PROVIDED,
seld Boar9 OF Laa0 - may reject
Section ix; Except q otherwise pro-
vided In this amendment, the City OF
New orleans snail NOT borrow money,
Issue bonds. notes or other evidences OF
indebtedness or pledge its credit or an
taxeA
NO money enell pc drawn from the
treasury OF said CITY without spec1nc
appropriation therefor previously made.
noE-ahal ssh ~ make anx contract
-,
~ .uo@s ~ oeos ~ ooaaSa.aon ae. any
RR ,a2o wnetooever unless snMc'ent
pay and diseharse eame are actually in
,n.,. trse. ~ OF ea!a CITY e sne time OF
2as1 tnS contract or incurrlng inc
~. ~ oouSaNon ana are epecincally
sais.. sersia c.n:T. Use = prov,aea THE Ths
a aSSseSoan9 Mmitation and restriction
ooo. nVs eppay or oe neld TO apply 70