St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-28

sneu.e snail De lnSumC1ene Tor such pay
msnS ana reimbursement shall be mad
20 the general funds Of the City of Ne,
orleans when the assessments are col
lected to the extent Of the amount tina
me said general funds shall have con
much Of Act No. q Of the General Al
ssmb1y Of the State Of Louisiana for ia
year 1914 n may be inconsistent here
P.1na ss. and h.
upon the pledge Of the reserve fund Q
the City Of New Orleans, but such Ger
ancates shall be secured Al herein an,
subsequent legislative authority not d
connict herewith; provided, however
that paving certificates. for which tn
faith faith and credit Of the city Of New Or
under the Aforesaid Act No. Is Of 1911
or under subsequent legislation, shat
not 1t any one time be outstanding IL
6 :n'q9s IL e &c, F T:u n0'
Section Is. The total issue Of bond,
By the City OF New Orleans for ali pur
poses shall never exceed ten per centun
Of o.. the assessed valuation Of the proper,
neither the bonds ISSUED for water
sewerage and Drainage purposes tname.
Y. the S12,ooo,ooo Public improvement,
Bonds issued under said Act No. Of
~ 1899 $500 And the 100000 New Pub
Assembly Of the state OF Louisians
IT. hsrsor 100 s9s and act;
thereto. as well e such bonds hereby
Or hereafter authorized, into which the
Aforesaid bonos or any par Thereof may
b refunded); nor the 800 1000 Pubic
No. 17s Of the General Assembly Of the
state OF Louisiana for the year 1905.
nor any bonds hereafter authorized for
Public Belt Railroad purposes. nor any
for water supply or for the acquisition
or construction Of any revenue produc-
hg public utility, nor any paving certif-
Gates primarily chargeable against spe-
caal assessments for street paving, shall
DO included In computing the indebteo-
ness Of said City Of New Orleans under
tnle limitation; and provided further.
t that emergency =, bonds may b issued 40
mont even though said limitation shall
h n been reached provided that the
Nine Mulion Dollars of bonds authorized
ss o. 70 this III. shall
axed Ct the time or times that same
shah bs issued; but. With respect to
any other bonds that may be issued
shall be included in the computation
said Nine Million Dollars Of bonds. not-
w1thstandinG the fact that all Of said
Mae Million Dollars OF bonds shall not
amount Of emergency bonds a. may b
then outstanding.
Section IA. The Board Of Liou,oa-
ton. City Debt, ~ now organised and
created with the powers. duties ana
and by this amendment. shall be con-
tinued while any bonds authorized BY
this amendment are outstanding and un-
ths a ef b. eysa
BY day as collected, be paid over to said
Board. and shall by 1t be applied in pay
ment Of the principal ana interest OF
respect to all bonds authorized by tins
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
mont with respect to any Of the present.
" outstanding bonds Of said City or
things Of value held by the Board OF Ii
quotation. City Debt. for bonded dept
purposes other than taxes now or here.
after levied, and particularly all funds,
hereafter held by-ssid Board u UNDER deT ACT set
No. 1913 of the General ssembly Of the
State OF Louisiana for the year 1880
and all amendments thereto shall when
dedications imposed by laws existing A.,
the time OF the adoption Of this amend
mont be used and employed in the dis
creation Of said Board aa in payment and
VI
New Orleans then outstanding.
Section Is. For general municipal
purposes. exclusive OF the support and
maintenanee Of the public schoofs ana
City Of New Orleans said city y' may ' in
each year levy upon all taxable property
within said city q tax not exceeding
six and one.half mills ON the dollar 81
vided, however, that when the one per
cent debt tax authorized by said Act No.
lle Of 1890 and the two mill water ana
sewer tax authorised BY said Act No s
led. and II thereafter the taxes levied by
The City Of New Orleans in any one
year for bonded debt purposes be less
than ten NJ. NILS: said =: city may in such
such additional tax which. when added
to the tax Of SIX and one-half MUS |
hereby authorized and the taxes lev1ed |
& BOND. =: tRey :a9
mature, shall not exceed In the a99re-
gate sixteen and one-half mills.
Section is: The reservation Of TWEEN
Of New Orleans shall not hereafter DO
made a. directed by Section 20 Of the |
Act No. lse Of the General Assembly Of |
t e4e.e q nso.1 as t for ruth the
rected to be rsssrved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
Orleans. and said rererve fund Of each
year, when released from the obligA-
lions charged against it by law and be-
cause Of contracts. existing at the time
Of the adoption Of this Amendment,
shall be used for general municipal pur-
poses
Section II. For the support, mainte-
nance, construction and repair Of the
public Schools in the City of New Or
leans. the Board Of Directors Of tho
Public Schools. Parish of Orleans, or it's
lsgal successor. shall levy annually
such tax. not exceeding three and one
half mills, an said Board shall deem
necessary, which levy shall be certified
~ said Board to the Commission Coun-
y OF Other future governing body OF
he City of New Orleans. which shall
sause the tax to be. entered upon the
AZ rolls Of said city according to law
,tty ~ assessed and valued for c1ty
Axation purposes: and said tai shall be
soueeted by said city and paid over to
aid Board Of Directors e{ the Public
9oAools. Parish Of Orleans. day by day
Said tax shall be in lieu Of all taxes.
and funds now authorlz-
ID or directed to be levied or contrib
tied by the City Of New Orleans for
'uolc school purposes. either by said
4 the Constitution Of this state All
constitutional provisions to the con-
rary. ~ we'll ~ Act No 262 Of the
General Assembly Of the State Of Louis
ana for tho year 1914, ratified as an
tate. are hereby abrogated and repeal
d; and the City Of New Orleans shall
ave no power or authority to use or
mploy any OF its taxes or funds for
he establishment, support or maints-
ance of the public schools, directly or
m nth |