The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-09-05
additional Amendments linen
l!'asd from Second PAGE

d,sid bonds and nd. 'T 1so,a o.. an
! - 'a ,na,t to the CONSTITUTE OIL me
n'n', y ouisiana authorizing NE
ST. w., o d said bonds and .a..y.o&
!. a'ot,ion, Of this Act !. ....~~
rdga y 5 a by the Port S a ,
'1s -!.i 81 created by Act Nc. 9
;' I1I s,tra Session Of 1907 there
! N, Ne BE it enacted by the Gen
81 ','.n J. d the State Of Loos. Louisa a.
s'Sa l''sn, \ al the members elected 10
\ House conouffing: ..;s,.,.,n If The
subject to the 'e f@ o".s5cs. g W the the.
. !. W. N amendment to the coa5t-
,lt !, s. State, hereinafter submitted
N. he Board Of Commissioners 0.
". " New Orleans, created by Act
= ~ General Assembly Of 1895.
al s5, D. By Act No. IS ,5o of the Gen. Gen.
l,' '.anblv Of the year 1900, IS here
.I and uncovered, and it shall
Az aty toissue bonds not to exceed ZEE
1r', five hundred thousand dol
gsoO,o0OOo) in amount dated
~ 1909, bearing five per cent
Y. '.,rr interest. payable sero'~onnu-
- 81 !. ,5ocjDal Of which shall be pay
=, time between July /, 1924
sss 1859. Said bonds shall be
!. ,,rable to bearer and shall be
PIT Commission Bonds. They
.asdtbs denomination of one tooos-
,iIhslslOOOoO) each, payable in
ttnonsy Of the United States, with
annual interest coupons attached,
bly, lst and January st. They
be signed by the President and
assigned by the Secretary Of the
= a Commissioners of the Port OF
Orleans. They shall be exempt
n,HhyatOn, State, parish and mu-
M and the tutors of minors and Gu
M d nterdicts shall be authorized to
,tbs funds in their hands IN such
They may be registered and re-
aifun registry under such rules and
nations as may be prescribed by said
M d Commissioners Of the Port of
Orleans, and no registered bond
be negotiable. They shall be re-
ass on deposit with the State, or its
hrs or any Of its political subdjvl-
samunicpalities, in all cases, where,
hV deposits Of bonds are required or
aa 10 be made as security, with the
kW It's officers, or any of its poIiti-
abdiysons or municipalities.
Sg6an2 Belt further enacted, ETC.,
III as soon as the Constitutional au-
ry for the issuance Of said bonds
have been obtained, it shall be
aty Of the Board of Commissioners
apW Of New Orleans to cause said
4 3 be engraved and executed. The
I'D d Commissioners of the Port Of
Orleans is hereby authorized and
powered on and after January !,
NO exchange, at not more than par
accrued interest, so many of said
aHmay be necessary to retire out
'1 Eng obligations Of said Board, c0u-
past due at the date of exchange to
&achsd and Cancelled by said board
: delivery Of bonds and said Board
sshy authorized and empowered to
HI, sRmainder of said bonds. in whole
hart in such manner, and upon
no Rfns and conditions. as by said
y may be deemed advisable; pro-
a'aat no sale shall be made by said
40 ala price which will net to the
ess than par and accrued interest.
@ attached to said bonds, past due
Aane Of delivery, shall be detached
antsled by said board before de
ldthe bonds
Ala O. Be it further enacted, etc,
Wy principal and interest Of said
'aai be paid by preference from
venues Of the Board of Commission
wy FOrt of New Orleans and all
s0Nectlble under the laws. as
a'0Rg' shall be and are hereby
~" secure said bonds and inter
! 10 event shall the charges i'm
y said Board, under the law now
e y. % reduced to an amount less
Ce s'Sary for the payment of the
a''0 interest Of said bonds; and
~ Of Commissioners of the Port
III Uleans' as presently organized
!. aaat dnnution of existing terri
a'4et0n, shall continue in legal
s,.s 4 a. aIithe bonds issued in &C
"1n this Act shall have been
pnepal and interest; provided
.,., members Of said Board shall be
Am : y the Governor, subject to re-