The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-10-19


| any Of the issues of the bonds of sal
| city outstanding at the time of the adoT
| ton OF this amendment shs2l becoIn
| callable according to their terms or IN
! statutes under which they are respec
| lively issued. or when the consent 0
| all the holders Of any such issue o
| bonds can be secured the Board of Ii
Quidation. City Debt, shall have IN
| right in It's discretion to call and Pa
any one or more of said issues of bonds
end shall be authorized by resolution
duly adopted to issue and negot1au
bonds to provide the funds necessar
for that purpose; provided, however
that in no event shall the par value Q
,, the bonds so sold ana negotiated OK
ceed the par value of the bonded IN
debtedness thereby to be refunded.
Section 7. The full faith and creil
Of the City of New Orleans are pledge
for the payment Of the principal and IN
terest Of ali bonds issued under thu
amendment
The principal and interest of all bord
authorized by and to be issued unde
this amendment shall be paid primar1i!
out of % that one-half of the surplus
of the one per cent debt tax which here
tofore has been dedicated for the sup
port and maintenance of the public
authorized by Act Nc. 10 of the Gen
eral Assembly of the State of Louisiana
for the year 1880, and subsequently
made part Of the Constitution of thli
j. L.
that portion Of the one per cent deb
tax, authorized and levied under Act No
ITO aforesaid. and the two-mill tax au
thorized by and levied under Act No.
Of the General Assembly of the stat
of Louisiana for the year 1899 whicr
shall have been released and freed fren
dedication either by the calling ana re-
funding or the payment in due course
Of an or any part OF the ., bonds existins this
amendment; provided that, If the funJf
derived from the sources aforesaid shall
be insufficient in any one year to pay
the principal and interest OF the bonTA
Issued under this amendment and than
outstanding and unpaid, or If for any
cause there shall not be funds appro-
priated to or available for such purpose
the City Of New Orleans shall levy a
tax upon all taxable property in said
dehoiSncy; and provided further tnas,
whom the aforesaid one per cent debt
tax and two mill water ana sewer tax
shall cease to be levied, the City Of
New Orleans shall levy a tax upon sll
taxable property in said city sufficienI
to pay the principal and interest Of
said bonds as they respectively becoms
due.
all existing dedication and appropria-
tions of said one per cent debt tax aa-
thorized by said Act No 110 of 1890 lex
cept with respect to the said one-haIr
OF tne surplus OF the one Per cent oe9t
YAK tnereln oedlcated 70 PUBIC scnooIsJ'
ard OF said two-mill water ana sewer
tax, authorized by said Act No. 6 OF
1873, snall oe respected ana perIornea
1ccorolns 70 Ine prlorlLIss py salo stas-
uteS estapllsheoi tnat al OF tnat Portlona
said taxes which shall be released from
$40 ApProprlatlons ana oeolcatlons oy
tne paynenL. satsIactlon or reIunaln9
OF any OF the oondeo oeot ooIlgatlons
nov charged thereon ana tnere-asel@nst @
snaIt toRether Win the one-naI OF tne
neretoIore oeolcAteo to pupne scnool
purposes' pe USED ana apPlleo 20 tns
ptnymenl oL tne prlnclPaL ano InteIost %
~ ~ ponos iss1eo unoer Snis amendment,
u Any resiuue @ SnereoL LsnalnlIs ~ M a.IeF
- ayn.en. - sne psinclpal p anu In.er
hst " any ohe year q ponos authorl1eo M
- =. ~ : - ~ -, -
~ W. a AAAE Rt @ @&M 4EANNss&s VIZ RF Nse@ III
< 10f &9A1 tKalcAp&A purgpsegs pu1@
when, and 70 the extent that. the obiiga-
ions sl noW chaTgeo On sag sAxes snan De
l&lo, Sdblsneu 0T IcIunaSu' y1io taAes
sn@H ne reieLseo LLonn aatu VpLsatlons, s,
an1' n1 suaeny Ie Mnsn entirey t r9ieaseu
INC uiscnAIS Seo, suAI cesse 70 pc lsvleq
md. that tnersafter. any and all bonds
ssuea unoer TINS smenament snan pe
Dror11eu e. tU az Ctt1 1 upoH Va 81 nsIans 1s,s
'ropsrty IN the CIty ot NeW OrieanS
Sufncient 20 pay tne prlnclpaI ana IN
So d.,
1scons oug' H. P.un5aeu,~ ~ ~nuwssea, snas; IN
no Hs. syss sIe tuuS her eilaDoSs spSc ~ "a.
;yr,rcirei snd tnterent * AZ ho,,d. t ise
- Z, "a ,ip,sd an ~ a,anSr sSo,,Jd roISa
,uUu enISt ~ LII nF NJ,
,hsIi .nd !, "a srsSv rs,uirSd ~ IeIIr
!. ,IiSa,, Su .,,oh ta ~, ~
= y M ynrorart,r ~ the Ci+, ~ Neyr CSrI S.
-. @ - - ''e "a r,,o,S1,., rTm
TanS 11d a. .nroet oe y.tS b pay '"0 Diih0Ap~i
Saction The nrincinal and interest
1 S liz pstaaS "a. eu etl;s @ lneelest
= 80 a. LII IoI1 r.,hS. ~ Is i a4
. lenI i snai &c Pay oSie soIu Soin ~
nc Ond.eu % ~ % dn.d 20 tSt
~ qi Eaieht, VI tIe t t5s slaiuaIu Va Melsnt
~ ~ It i 1I,,II. aS aT sJd LaS,,
saIS hords sheI ba a1sn,nt Fro-, ou
!. .1etto- ~ Sfafo nar,sh ra,,rirt1oI a. a.
RI er local nnrnosss
''j5e sevinSs he ntS Tutors or ro,nors c,,ra-
Id,c,s riss noav in1est the f,,nSs &, tbair
'snS IN said Sonds - ''Aei-
ast6 honds rnoy n. usad For dano.t.
r,t6 an-r oe7car hoard ynr,tcineIity -
,har noIiticsl subSSyision Of ths Sfafs
= T.o,,fs;sne jn sny cs sS wbars bv nraso
=. ~ T,if,,rs Il ws denostt nr Sae,;rtPI, :.
~ ~ laws uepO'i' - seui4NS 10
Ssid horA. roav ha rav,.4araa .rd 49,.
.sss5 from rseistDv vnde~ s,icb r,,1ee
= tba poard ~ fjn,,dstion % CifY nab, rs
Section 10. All bonds issued under
hiS amendment shall bear sueh rate or |
ntsrsat or from, time 10 tine. different
ates Of Interest. and shall. excepy as |
erein otherwise specfally provided. be |
! such form. terms and determinations, |
nd payable at such times and places |
1ithin q period of not exceeding l,tty |
ears from the date Thereon. as the |
ioard of Liquidation, City Debt. shall |
eternine Said bonds shall he isstIed /
! serial form and shall be PAYABLE in |
nnuai installments, coumencing NOT |
lore than two years from their respec-
We dates, and the instaIlment pavabIe
each wear shall be so fixed that when (
1e annual interest is added thereto, the
sveral annual total amounts of prin-
lpal and interest to be paid shall De
) nearly equal az practicable; provided,
aid installments may be fxed at five
lousand dollars or the nearest multi.
10 thereof
aid bonds shall be signed nv ,ne
Tayor and the CommiSs,oner of public
inance of the CITY OF New Orleans. or
ficers exercising similar functions and
by the President or Vice
resident and the Secretary or Assist
1T Secretary of the Board of Liquida-
on, City Debt, and the coupons at
lched to said bonds shall bear fna
- mfvnIin a{upaf,,raS dF ooIa Tor.-a,- |