St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-10-07

QAAeQ IN payment OF 00cn SPECIAL assess
ments shall be insufficient for such pay
nent and reimbursement shall be mad,
20 the general funds OF the City OF New
Orleans when the assessments are col
lected to the extent OF the amount tina,
the said general funds shall have CON.
fF1buted to the payment Aforesaid. s.
much Of Act No. e OF the General AS
eembly OF the State Of Louisiana for, thu
year 1914 AZ may DO Inconsistent here
=. nth i is hereby repealed: and hereafte,
apon the pledge Of the reserve fund Of
the City Of New Orleans. but such Ger
ttdcate9 shall be secured a. herein and
subsequent legislative authority not N
eonnict herewith: provided. however
that paving certificates. for which the
faith and credit Of the City Of New Or
under the aforesaid Act No. % Of 1914.
or under subsequent legislation. SHAH
not ct any one time be outstanding In
IN a,, emount in excess Of Five Million
Section Is. 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
" in said city provided. however. that
sewerage and drainage purposes (name-
y. the S12,o0o.000 Public Improvement
bonds issued under said Act No. 6 Of
1899 and the 3s.ooo.oeo New Pub
der 4es so !. on h is'oeS
Assembly Of the state Of Louisiana
s1n.ndstory thereon and and supplemental aI nssi
thereto. ~ well ~ such bonds, HEREBY
Aforesaid bonos or any par theron may
he refunded). nor the $2.0O0.00o Pubic
Belt Railroad Bonds authorized by Act
No. 179 Of the General Assembly Of the
State Of Louisiana for the year 1908,
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
Ing public utility. nor any paving certifi-
Gates primarily chargeable against spe-
cial assessments for street paving, shall
bo included In computing the indebted
this Limitation: and provided further.
that emergency bonds may be issued an
authorised In Section S Of this ameno-
mont even though said Limitation shall
Nine Million Dollars Of bonds authorized
By Section Of this amendment shall
pot DO subject to the limitation herein
dxed ct the time or times that same
any other bands that may DO issued
hereafter under this amendment there
shall be included in the computation
said Nine Million Dollars Of bonds. noy-
Nine Million Dollars Of bonds shall not
have been actually issued. and sucn
amount Of emergency bonds AZ may be
'then outstanding.
Section ~. The Board Of Liquioa-
created with the powers. duties ana
functions prescribed by existing laws
and by this amendment, shall be con-
t1nued while any bonds authorized by
paid: and all taxes which may be levied
for the payment Of said bonds shall, day
BY day AZ collected. be paid over to said
Board. and shall by it be applied in pay
said bonds: and SAID board shall with
respect to all bonds authorized by this
be entitled to exercise All
the rights and enforce the performance
authorized to do under laws existing at
the time of the adoption Of this amend
msnt with respect to any Of the present
II outstanding bonds OF said City or
things Of value held by the Board Of LIZ
quotation, City Debt for bonded depy
purposes other than taxes now or here
after levied, and particularly all funds.
hereafter held by said Board under Act
No. 1873 Of the General ssembly Of the
State OF Louisiana for the year 1880
and all amendments thereto, shall when
dedications imposed by laws existing az
the time Of the adoption Of this amend
ment be used and employed in the dis
creation Of said Board in payment ana
New Orleans then outstanding
Section Is. For general municipal
purposes, exclusive Of the support and
Of the public schools ana
the payment Of the bonded debt Of the |
zach year levy upon all taxable property
within said city . tax not exceeding !
.ix and one-half mills on the dollar Of |
The assessed valuation thereof; pro-
eent debt tax authorised BY said Act No. |
Ito Of 1880 and the two mill water ana |
gewer tax authorized BY said Act No. s |
( 1893 shall both have ceased to be lev J
he City Of New Orleans in any one
rear for bonded debt purposes BE less |
han ten mills. said city may in such
vents levy for its general purposes |
70 the tax Of six and one-half mills
,ereby authorized and the taxes LEVIED
or the payment Of the principal and
interest Of ite bonds az they severally
Late sixteen and one-half mills.
Section is. The reservation Of TWEEN
y per cent Of the revenues Of the City
e New Orleans shall not hereafter be
Act No. $50 Of the General Assembly Of
he State Of Louisiana for the year
s15. except insofar as the fund SO d.
0CISUs " DC ISS0IVCO snail nave been !
or dedicated before this
takes effect to the payment
4 any obligation OF the City Of New
orleans. and said reserve fund Of each
lon: charged against It 1 19 law sss an. aS6 Be-
ause OF contracts, existing at the time
f tho adoption Of this amendment.
hall be used for general municipal pur-
osee.
Section II. For the support, mainte-
ance. construction and repair Of the
ublic Schools in the City Of New Or
Fans, the Board of Directors Of the
UGH tax. not exceeding three and one
ALI mills, az said Board shall deem
ecessary. which levy-shall be certified
y said Board to the Commission Coun-
u or other future governing body OF
he City Of New Orisans, which shall
X rolls Of said city according to law
eainst all taxable property Vim said
lty ~ assessed and valued for city
lxation purposes: and said tax shall be
Aid Board Of Directors OF the Pubic
chools. Parish, OF Orleans. day by day
, collected.
Said tax shall be in lieu Of all taxes.
I OF. directed to be levied or contrib
ted by the, City Of New Orleans for
oolic school purposes. either by said
Ct NO. ITO OF 1890 or other provisions
the Constitution Of this State. All
provisions to the con-
-ary. ~ well as Act No. 262 Of the
eneral Assembly of the State Of Louis
ma for the year 1914. ratified as an
nendment to the Constitution Of TINS
tate. are hereby abrogated and repeal
!; and the City Of New Orleans shall
ave no power or authority to use or
nploy any Of fts taxes or funds for
70 establishment. support or mainte-
lnce Of the public schools. directly or