St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-09-23

paw A& peg
mentS shall be insufficient for sucn pay
ment, and reimbursement shall De inaue
to the general funds of the City or new
Orleans when the assessments are COL
lected to the extent of the amount that
the said general funds shall have con
tributed to the payment aforesaid; %
much of Act No. % of the General As
sembly of the State of Louisiana Tor the
is14 as may be inconsistent here
with is hereby repealed, and hereafter
no paving certificates shall be lssuel
upon the pledge of the reserve Iaha u
the City Of New Orleans, but such GER
tifcates shall be secured as herein and
otherwise provided for by said act or
subsequent legislative authority not III
CONNECT herewith: provided, however
that paving certificates. for which the
faith and credit of the City of New Or
leans shall be pledged, whether issued
under the aforesaid Act No. Is OF 1919,
or under subsequent legislation, snaH
not 1t any one time be outstanding IN
an amount in excess of Five MILLION
Dollars ($5, 900, 000) in face value.
Section IS. The total issue of bonds
by the City of New Orleans for ali pur-
poses shall never exceed ten per centuHl
of the assessed valuation of the ?
ty in said city provided, however, tnat
neither the bonds ISSUED for water,
sewerage and drainage purposes name
", the $12,0 100000 Public 1mprovemenI
ond issued under said Act NO. Q OF
1899 and the $4,000. 600 New Pub
lie Improvement Bonds issued un,
der Act No. 10 of the General
Assembly of the State of Louisiana
for the year 1906. AND acts
a~mendatory thereof and supplemental
thereto, as well as such bonds, hereby
or hereafter authorized. into which the
aforesaid bonus or any par tnefoI may
be ~refunded}, nor the 5000 eoo fupllc
Belt Railroad Bond authorized by Az
1T9 Of the General Assembly or the
State of Louisiana for the year lsue,
nor any bonds hereafter authorized Tor
Public Belt Railroad purposes; nor any
bonds which may hereafter pc issueu
for water supply or for the acquisition
or construction of any revenue produc-
ing public utility, nor any paving certtn-
Gates primarily c~hargeable against spe-
ciai assessments for street paving, shall
ness of said City of New Orleans under
this limitation; and provided further,
that emergency bonds may be issued as
authorized in Section ? OF ms ahlen9I
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
any other bonds that may be issued
hereafter under this amendment there
shall be included in the ~computati4@
said Nine Million Dollars of bonds, nov
w~ithstanding the fac that all of said
Nine Million Dollars Of bonds shall not
have been actually issued, and sucn
amount of emergency bonds as may pc
then outstanding.
Section IA. The Board of Lfquida-
ton, City Debt, as now organized and
created with the powers, duties anu
functions prescribed by existing avs
and by this amendment, shall De con-
tinued while any bonds authorized by
this amendment are outstanding and UNI
paid; and all taxes which ma pc leV1ed
for the payment of said bonds SHAH, Day
by day as collected, be paid over to SAID
Board, and shall by it be applied in pay-
ment of the principal and interest or
said bonds; and sad board snail win
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 1t 10
authorized to do under laws existing at
the time of the adoption OF TINS amend
ment with respect to any of the present.
w outstanding bonds OF said city or
New Orleans. All funds, property and
things of value held by the Board or LIZ
quotation, City Debt. for bonded dept
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 the General emp OF tne
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
nGD ucSu aIu az IA Az OAS
creation of said Board in payment n
retirement of any bonds of the City or
New Orleans then outstanding.
Section 10. For general municipal
purposes, exclusive of the support and
maintenance of the public schooIs 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 g tax not exeeeding
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 and
sewer tax authorized by said Act No. 6
of 1899 shall both have ceased to be lev
led, and If thereafter the levied by
the City of New Orleans in any one
year for bonded debt purposes be less
events levy for it's general purposes
such additional tax which, when added
to the tax OF six and one-half mIiIS
hereby authorized and the taxes levied
interest Of it's bonds as they severaily
mature. shall not exceed in the aggre-
gate sixteen and one-half mills.
Section 16. The reservation of TWEEN
ty per cent of the revenues of the City
of New Orleans shall not hereafter be
made as directed by Section 40 of the
Act No. 159 of the General Assembly OF
1912, except insofar as the fund SO d.
rected to be reserved shall have been
appropriated or dedicated before this
amendment takes effect to the payment
Orleans, and said reserve fund of each
wear. 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
- - in the rffy= - NAuV nv
leans, the Board of Directors Of the
Public Schools, Parish of Orleans. or its
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 he 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 authoriz-
ed or directed to be levied or contrib
uted by the City of New Orleans fol-
public school purposes, either by sale
Act No. 10 of 1890 or other provisions
of the Constitution of this State. All
constitutional provisions to the CON
] trary, as we'll as Act No. 262 of the
i General Assembly of the State of Louis.
lana for the year 1914, ratified as ar
amendment to the Constitution of th.s
| State. are hereby ~abrogated and repeal.
ed; and the City of New Orleans shall
nave no power or authority to use OF
employ any of it's taxes or funds fol
the establishment. support or mainte
nance Of the public schools. directly o.
indirectly. except as herein authorized
provided, however, that the City of New
| Orleans shall administer, use and en-
Of value now or hereafter held by 1
under any special legacy, beduest or do
nation made or to be made directly e
It for school purposes. n shall carr!
such special legacies, requests or dona
ttnnv that have heen heretofore made T.