The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-29

payable semi-annually. by the Treasur-
er of the State of Louisiana, on the
said Board shall place on deposit, on
or before April l, 1909, and on or be-
fore the first of April of every SUISSE
quent year, with the Treasurer of the
special account to be styled Interest
Account" an amount equal to the an
nual interest on all bonds that may
have been delivered. Said Treasurer is
Is made his duty, to pay any and all
such coupons that may be due when
presented by any, holder thereof. In
said Board shall. in addition to the
amount of the annual interest due on
the LIST of July, place on deposit, on or
the State Of Louisiana, to the credit
of a special account to be styled Bond
Redemption Account" a sum of one
hundred thousand dollars ($10o.Oo0.G0>,
and the said Treasurer is hereby en-
powered and directed, and it is made
his duty, to pay, on the 1st OF July. of
the year 1924, and annually thereafter.
out of said Bond Redemption Account.
reverse order of their issue; and all
bonds and coupons retired under this
Act shall be by said Treasurer duly
Cancelled and delivered to the Board OF
Commissioners of the Port of New Or
leans, which shall receipt for same,
and which shall retain and paste the
same as vouchers, in a book to be by
it kept for that purpose. 1t shall be
| the duty of said Treasurer to require
said deposits to be made as aforesaid;
| and in case of failure on the part of
| impose, under the law as now existing.
/ the charges for the use of said
wharves landings, sheds and appur-
| tenances thereto. or to collect the reve-
| nues thercfrom, in an amount suffi-
| cient to provide for the payment of in
terest due or to become due. and the
| redemption of bonds as provided in this
/ Act said Treasurer is hereby empower
ed and directed, and it is made his duty
to impose said charges and collect said
revenues, and to apply the same to the
/ purposes of this ACT. and to that eN-
tent, and for that purpose only, and for
| end, the said Treasurer is hereby au-
thorized to exercise all the powers and
is charged with all the duties vested
under existing law in the Board of
| Commissioners of the Port of New Or
| leans.
Section 4. Be it further enacted, etc.,
shall constitute contract between the
the State Of Louisiana, and the Board
of Commissioners of the Port of New
Orleans.
Section S. Be 1t further enacted, etc.
That the Board of Commissioners OF
the Port of New Orleans shall, and II
is hereby authorized and empowered to
| expend the proceeds of said bonds for
the extension Of existing wharves, for
/ building new wharves. for erecting
sheds. for constructing roadways. and
other improvements; for the purchase
of suitable dredges, barges and tug
boats; for the payment Of wharves OF
other property purchased or exproprt'
ated. and for the payment, Of obliga'
standing: provided that no private
property shall be taken without jus
and adequate compensation previousl!
paid.
year the said board shall furnish a de
tailed account OF the receipts and ex
penditures to the Governor of thu
once in the official journal Of the Cit,
Section s. Be it further enacted, etc.
That at the Congressional election t.
day following the first Monday of No
vember, 1905, the following amendmen
to the Constitution OF the state 90 o
Board of Commissioners of the Port o
New Orleans shall have power, and
shall be it's duty, to issue three million
five hundred thousand dollars (s3.50O,
Commission Bonds for the purpose
and under the provisions and condi
tions set forth in the Act of the Legis
lature adopted to that end and for tina
purpose at the regular session of tn
: General Assembly of 1908, which sal
, Act is hereby ratified and approved
and all provisions of the present Con
stitution Of the State in conflict wit
the provisions of this Act, and wit
this amendment are. to that extent an
for that purpose only, repealed.
Section Z. Be it further enacted. etc
That. on the official ballots to be use
at said election shall be placed tn
words: For the Port Commissio
: Bond Amendment" and the words
; against the Port Commission Bon
Amendment" and each elector shall in
: dictate his vote on the proposed amend
ment as provided by the general cleo
ton laws of this State.
H, G. DUPRE,
I Speaker of the House Of Representative
P, NJ LAMBREMONT,
Lieutenant Governor and President G
the Senate.
Approved July 8, 1908.
: J. Y. SANDERS.
Governor Of the State of Louisfan;
A true copy. JOHN T. MICHEL,
Secretary of State.
. ar ACT No. 245.
Senate Bill No. 6S. BY Mr.. Barre