The Natchitoches enterprise., 1916-09-07

| purpose VIVA tSoeVer unless sufnc1eni
| FUNDS not otherwise appropriated. tC
| pay and discharge same are actually III
| the treasury of sal city at the time oi
| making the contract or incurring the
| DEBT or obliget and are specifically
| set aside and dol5cated to said purpose
| unless herein otherwise provided. The
| foregoing Limitation and restriction
| shall ret apply or be held TO apply to
contacts or obligation incurred with
respect To the furnishing to said city OF
| light heat or power, water. telephone
service or garbage removal or destruc-
ton.
Ths said city may in any calendar
year in anticipation of the collection of
the taxes of such calendar year. and for
The purposes fer which such taxes are
levied, borrow such sums as shall NOT
oe IN: excess of Che amount of its un-
collected taxes of such year, and may
ssuE its notes or other evidences of
Indebtedness therefor. and such sum,
notes or other evidences of indebted
ness slrall be payable only out of the
taxes or the calendar year in which said
loan Or leans are first made. and for
which Indebtedness said revenues shall
be pIcdSeL and said indaDts mess shall
not be payable out Of any other FUNDS
or moneys whatsoever No money saaIl
be borrowed by the said city except ror
current municipal purposes, and in no
event shall any money be borrowed by
said city 10 make or to pay for works
or public improt enent. Said city may
issue Tor street paving purposes certifi-
Gates on its fafLl and credit pursuant to
Legislative authority, to an amount not
in excess of any special assessments
which have been or shall be made for
such purposes. Such paving certificates
hereafter issued shall be chargeabIe
primarily against the special assess
ment5 in respect of which they are is
sued, and secondarily against the reve-
nues Of the City of New Orleans derived
from taxation for general municipal
purposes and from Sources other than
the taxes for the payment of the primer
pal ard interest of the bonds now out
standing or hereafter to be issued un-
der this paving certificates only in the
event and to the extent that such
amendment, which reynues shall be ap-
piled In payment of such special assess
ments shall be insufficient for such pay
ment. and reimbursement shall be made
to the general funds of the City OF Eew
Orleans V hen the assessments are coll
Iectec 70 the extent OF the amount that
the said general funds shall have con-
trtbuted to the payment aforesaid. So
much OF Act No. % OF the General AS
sembiY of the State of Louisiana for the
year 1914 as may be inconsistent here
wifh fs hereby repealed, and herea fter
no paving certificates shall be issued
upon the pledge of the reserve fund OF
the City of New Orleans. but such GER
tihcates shall be secured as herein and
Otherwise provided for by said act or
subsequent legislative authority nor IN
that paving certificates, for which the
faith End credit of the City of New Or
leans shall be pledged, whether issued
under the aforesaid Act No 20 Of 1914,
Or under subsequent legislation, shall
not at any one time be outstanding in
an amount in excess of Five Million
Dollars (S5,000.000) in face value
Section 13. The total issue of bonds
oy the City Of New Orleans for all pur-
poses shall never exceed ten per centum
)f the assessed valuation of the proper
" IN said city provided. however, that
,eitheF the bonds issued for water,
sewerage and drainage purposes (nams-
~ the $4,000. 900 Public Improvement
Bonds issued under said Act No of |
S9s and the $S,0O0.000 New Pub
lc Improvement Bonds issued un- |
Ter Act No. 10 of the General !
assembly Of the State of Louisiana |
Imendatory thereof and supplemental
hereto. as well as such bonds. HEREBY |
n hereafter authorized, into which the I
z E Z :; s1aE thsref rag
go. j rs of the General Assembly OF the
tate zof Louisiana for the year 1908,
lor any bonds hereafter authorized for
oublie Belt Railroad purposes, nor any /
,onds which may hereafter be issued /
or water supply or for the acquisition \
r construction of any revenue produc-
ng public utility, nor any paving certfti-
ates primarily chargeable against Spe-
'e included in computing the indebted
less ef said City of New Orleans under
his Limitation; and provided further,
hat emergency bonds may be issued as
in Section of this amend /
nent even though said limitation shall
ave been reached provided that the
Vine Million Dollars of bonds authorized 4
" Section / of this amendment shall
Lot be- subject to the Limitation herein
xed at the time or times that same
hall be issued; but, with respect to
nv other bonds that may be issued
hereafter under this amendment there
aid Nine Million Dollars Of bonds, not
the fact that all OF said
Tine Million Dollars OF bonds shall not
ave been actually issued, and sucn
mount of emergency bonds an may be
hen outstanding
Section IA. The Board of Liquida-
ion, City Debt, as now organized and
reate6 with the powers, duties ana
uncttcns prescribed by existing laws
nd by this amendment, shall be con-
inued while any bonds authorized by
his amendment are outstanding and un-
aid; end all taxes which may be levied
or the payment of said bonds shall, day
" day as collected, be paid over TO said
3oard, and shall by II be applied in pay
nent Of the principal and interest OF
aid bonds; and SAID board shall with
egpees to all bonds authorized by this.
m endn1ent be entitled to exercise all
he rights and enforce the performance
z all the obligations, the same as II 10
authorized to do under laws existing az
he tirae of the adoption of this amend
nent Nith respect to any of the present
!. autstanding bonds of said City OF
Sew Orleans. All funds, property and
hings OF value held by the Board of LII
Iuida11on, City Debt. for bonded DEBT
purposes other than taxes now or here
.fter levied, and particularly all funds,
property and things of value now or
,ereafter held by said Board under Act
70. 19S OF the General ssembly of the
State of Louisiana for the year 1870
eleaned from contract obligations or
edica8ions imposed by laws existing AT
he time of the adoption of this amend
nent be used and employed In the dis
reatfnn of said Board In payment and
of any bonds of the City or
lew Orleans then outstanding.
Section Is. For general municipal
)urpoaes exclusive of the support and
of the public schooTs ana
he peyment of the bonded debt of the
<ity cf New orleans. said city may I'm
ach year levy upon all taxable property
githin said city a tax not exceeding
tx arid one-half mills on the dollar OF
he assessed valuation thereof; pro-
'ided however, that when the one per
ent debt tax authorized by said Act No.
10 of 1890 and the two mill water ana
lever tax authorized by said Act No.
Z 1888 shall both have ceased TO be lew
Ell. 2Iau II IHEfEaAIc tsc IaAGH lSNtEA
ne C5ty of New Orleans In any one
-ear Cor bonded debt purposes be less
han ten mills said city may In such
vents levy for its general purposes
uch additional tax which, when added
o tia tax of six and one-half nuns
leret1g authorized and the taxes levied
or the payment Of tne principal and
interest OF it's bonds as they severaIly
nature shall not exceed In the aggre-
,afe afxteer and one half mills.
Section Is. The reservation of TWEEN
v per cent of the revenues of the gilg
Il New Orleans shall not hereafter be
rade as directed by Section 80 Of the
Act No 15s Of the General Assembly OF
he gsate of Louisiana for the year
efa. except insofar as the fund so a.
.ecteH to be reserved shall have been
or dedicated before this
.nienament takes effect to the payment
II aay obligation on the City 6f New
orleans. and said regeExe fund Of each
rear, when released from the obffga-
-, 81 be- 1e,xr