The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-08-27

payable semi-annually. by the Treasur-
err of the State of Louisiana. on the
first days of July and January. and
said Board shall place on deposit on
or before April 1. 1909. and on or be-
fore the first of April of every subse-
quent year. with the Treasurer of the
State of Louisiana. to the credit of
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
hereby empowered and directed and it
is made his duty. to pay any and all
such coupons that may be due when
presented by any holder thereof. In
the year 1924: and annually thereafter.
amount of the annual interest due on
the 1st of July. place on deposit. on or
before April I. with the Treasurer of
the State of Louisiana. to the credit
of special account to be styled Bond
Redemption Account" a sum of one
hundred thousand dollars ts1u0.G .fol.
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,
one hundred (1UU) of said bonds in the
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
leans. which shall receipt for same
and which shall retain and paste the
same as vouchers. in Il 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
said Board to make said deposits. or to
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-
ciant to provide for the payment of in
30 Il he.
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 eX-
tent. and for that purpose only. and for
such time rs may he necessary to that
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..
That all of the provisions of this Act
shall constitute IL contract between the
holder of the bonds issued thereunder.
the State pf Louisiana. aHd the Board
of Commissioners of the Port of New
Orleans.
Section 5. Be 1t further enacted. etc,
That the Board of Commissioners OF
! the Port of New Orleans shall. and it
/ 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 tugs
beats; for thr nuymeAt or wharVes or
| other property purchased or eXpropri-
;,ted. and for the payment of obliga-
/ tions heretofore contracted and out
standing; provided that no private
| property shall be taken without just
and adequate compensation previously
| paid.
| ia the 3ist day OF December of each
| year the said board shall furnish Il de-
| tailed account of the receipts and ex.
! State: which report shall be published
! once in the official journal of the City
/ of New Orleans.
/ Section 6. Be it further enacted. etc.
be held IN this State on the first Tues
/ day following the first Monday of No.
! vember. 1908. the following amendment
to the Constitution of the State o.
electors of the State to-wit: "Th,
Board of Commissioners of the Port o
| New Orleans shall have power. and i
shill be it's duty. to issue three millie;
five hundred Thousand dollars tS5.500.
/ 0DD 00t of hoHds TO be known as 'Por
Commission Bonds for the purpose:
and under the provisions and condi
t,ons set forth In the Act of the Legis
purpose ut the regular. session of thu
/ 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 will
the provisions of this Act, and witt
. this amendment are. to that extent an,
for that purpose only, repealed.
Section :. Be it further enacted. etc
That. on the official ballots to be use,
at said election shall be placed tn
words: For the Port Commission
Bond Amendment" and the words
:Against the Port Commission Bon
Amendment" and each elector shall in
| dieate his vote on the proposed amend
ment as provided by the general cleo
| tion laws of this State.
H. G. DI'PRE.
! Speaker Of the House of Representatives
p NJ LAMBREMONT,
| Lieutenant Governor and President q
the Senate.
Approved July 3, 1908.
j, Y SANDERS
Governor of the State of Louisiana
A true copy. JOHN r. MICHEL.
Secretary of State.
ACT No. 245.
70: ~ r.