Whereas, the City of New Orleans has for many years been indebted to her school
teachers and portresses, a meritorious body of her citizens, for personal
services rendered under contract with the Board of Directors of her public
schools; and
Whereas, the people of this State, by the provision ; of Articles 315, 316 and 317
of the Constitution of 1898, required the City of New Orleans to examine
into and assume the payment of these debts, and provided therein for their
payment in a manner then believed to be sufficient and efficacious; and
Whereas, under said constitutional directions, the city did examine and assume
this debt, but the provision made in the Constitution for the payment thereof
was sufficient only to liquidate the assumed indebtedness for the years 1882,
1883 and 1884, leaving unpaid the assumed indebtedness for the years 1883,
1886 and 1887; and
Whereas, the City of New Orleans did, by Ordinance No. 2044, New Council
Series, approved October 1st, 1903, assume the indebtedness reported by its
Finance Committee as due by the School Board of said city to teachers for
salaries of;school teachers and portresses for the years 1885, 1886 and 1887,
and did issue certificates of indebtedness therefor, amounting in the aggre
gate to one hundred and seventy-four thousand, six hundred and sixty-two
($174,662.00) dollars; and
Whereas, due notice of this Act has been published in the City of New Orleans
for more than thirty days prior to its introduction into the General Assembly,
and due evidence thereof has been exhibited in the General Assmbly:
Section 1. Be it enacted by the General Assembly of the State of Louisiana,
two-thirds of all the members elected to each House concurring; That subject
to the ratification of the people of the State of Louisiana, by the adoption of
an amendment to the Constitution of the State hereinafter submitted to them
the City of New Orleans shall have power to issue, and it shall be its duty to issue
bonds, not to exceed two hundred thousand dollars ($200,000.00) in amount, dated
January 1st, 1907, bearing 4 per cent. per annum interest payable semi-annually,
the principal of which shall be payable at the option of the city, at any time
between January 1st, 1917, and January , 1927. 