Tensas gazette., 1916-09-22

event and to the extent that such
which revnues shall be ap-
piled in payment of such special assess
ments shall be insufficient for such pay
ment. and reimbursement shall De maas Ms
to the general funds of the City OF New
Orleans when the assessments are COL
lected toTth extent OF the amount that
the said general funds shall have con-
tributed to the payment aforesaid; 30
sembly of the State Of Louisiana for the
year 1914 as may be inconsistent mere
with is hereby repealed. and hefeaIter
no paving certificates shall be ISSUED
upon the pledge Of the reserve iund OF
tifcates shall be secured as herein ana
otherwise provided for by said act or
legislative authority not IN
connict herewith: provided, however,
faith and credit of the City of New Or
leans shall be pledged. whether issued
under the aforesaid Act NO. I5 OF lsl4,
or under subsequent legislation. shall
not at any one time be outstanding IN
an amount in excess of Five Million
Dollars 6,0o0. .ooo) in face value.
Section 13. The total issue of bonds
by the City Of New Orleans for all pur-
poses shall never exceed ten per centum
of the assessed valuation of the proper
ty in said city provided. however. that
sewerage and drainage purposes lname-
ly. the $4,000. 900 Public Improvement
Bonds issued under said Act No. . OF
1899 and the $s.ooo.ooo New Pub
lie Improvement Bonds us ISSUED ssnsraI "n1
Assembly of the State of Louisiana
for the year 1906. and acts
thereof and supplemental
thereto, as we'll as such bonds, hereby
or hereafter authorized. into which the
a
be refunded), nor the S2.OOO.0e0 Pubic
Belt Railroad Bonds authorized by ACT
No. 179 of the General Assembly OF the
State of Louisiana for the year iSoe.
nor any bonds hereafter authorized for
Public Belt Railroad purposes, nor any
bonds which may hereafter be issued
for water supply or for the acquisition
or construction of any revenue produc-
ing public utility, nor any paving certin-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
be included in computing the indebted
ness of said City of New Orleans under
that emergency bonds may be issued as
authorized in Section 5 of this amend
ment even though said limitation shall
have been reached provided that the
Nine Million Dollars of bonds authorized
by Section / OF this amendment shall
not be subject to the limitation herein
fixed at the time or times that same
shall be issued; but, with respect to-
hereafter under this amendment there
shall be included in the computation
said Nine Million Dollars of bonds, not
withstanding the fact that all OF said
have been actually issued. and sucn
amount of emergency bonds as may be
then outstanding.
Section IA. The Board of Liquida-
ton. City Debt. as now organized and
created with the powers. duties ana
l,,x had hxy LET a .
and by this amendment. shall be con-
tinued while any bonds authorized by
this amendment are outstanding and un-
paid; and all taxes which may be levied
for the payment of said bonds shall. day
by day as collected, be paid over to said
Board, and shall by IL be applied in pay
ment of the principal and interest OF
said bonds; and said board shall with
respect to all bonds authorized by this
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
ment with respect to any Of the present.
ly outstanding bonds of said City or
New Orleans. All funds. property and
things of value held by the Board of LII
quotation. City Debt. for bonded debt
purposes other than taxes now or here
after levied. and particularly all funds.
property and things of value now or
hereafter held by said Board under Act
No. 1873 of I've General ssembly OF the
State of Louisiana for the year 1880
and all amendments thereto, shall when
released from contract obligations or
dedications imposed by laws existing at
the time of the adoption of this amend
ment be used and employed In the dis
retirement of any bonds of the City or
New Orleans then outstanding.
Section 15 For general municipal
purposes. exclusive of the support and
maintenance of the public schools ana
the payment of the bonded debt of the
City of New orleans. said city may in
each year levy upon all taxable property
within said city a tax not exceeding
six and one-half mills on the dollar of
the assessed valuation thereof; pro-
vided. however. that when the one per
cent debt tax authorized by said Act No.
10 of 1890 and the two mill water ana
sewer tax authorized by said Act No 6
of 1899 shall both have ceased to be lev
the City of New Orleans in any one
year for bonded debt purposes be less
than ten mills. said city may in such
events levy for its general purposes
such additional tax which. when added
to the tax of six and one-half mins
hereby authorized and the taxes levied
for the payment of the principal and
interest of it's bonds as they severally
mature, shall not exceed in the aggre-
gate sixteen and one-half mills.
Section 16. The reservation OF twen-
ty per cent of the revenues OF the City
OF New Orleans shall not hereafter be
Act No. 159 of the General Assembly of
the State of Louisiana for the year
1912, except insofar as the fund SO d.
rected to be reserved shall have been
amendment takes effect to the payment
of any obligation OF the City of New
Orleans and said reserve fund Of each
year. when released from the obliga-
tions charged against 1T 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.
nance, construction and repair Of the
public Schools in the City Of New Or
leans. the Board of Directors of the
Public Schools. Parish Of Orleans. or it's
legal successor. shall levy annually
such tax. not exceeding three and one
half mills. as said Board shall deem
necessary. which levy shall be certified
by said Board to the Commission Coun-
Gil or other future governing body of
the City of New Orleans. which shall
cause the tax to be entered upon the
tax rolls of said city according to law
against all taxable property in said
city as assessed and valued for city
taxation purposes: and said tax shall be
collected by said city and paid over to
said Board OF Directors of the Public
Schools. Parish Of Orleans, day by day
as collected.
Said tax shall be in lieu Of all taxes.
appropriations and funds now authorlz-
ed or directed to be levied or contrib
uted by the City of New Orleans for
public school purposes, either by said
Act No. 110 of 1890 or other provisions
of the Constitution of this State. All
constitutional provisions to the con-
trary. as well as Act No. 262 of the
General Assembly of the State of Louis
lana for the year 1914. ratified as an
amendment to the Constitution of TINS
State, are hereby abrogated and repeal
ed: and the City of New Orleans shall
have no power or authority to use or
employ any of it's taxes or funds for
the establishment. support or mainte-
nance of the public schools. directly OF
indirectly. except as herein authorized
provided however, that the City of New
"a. iafo nd