The southern sentinel. (Winnfield, La.) 1883-1910, 1908-10-16

provided In the general election laws OF
Lieutenant Governor and President of
H. q. pUpRE,
Speaker OF the House of Representatives.
Approved July srd. 1908
Governor OF the State of Louisiana
"A true copy. JOHN T. MICHEL
Secretary OF State.
ACT No. I7s.
House BIN No. iss. BY Mr.. Barrett.
An ACT
To authorize the City of New Orleans
10 issue two million ($2.v0t ,0ov) dol
lars OF five (5) per cent bonds. which
shall, be exempt from taxation; to
provide. for the sale thereof. To pro-
vide fer the payment Of the principal
and interest OF said bonds: to pl 0. ide
thereof. through such Publ: Belt
Railroad ComHtssioa a. the City Of
New Orleans may have heretofore or
Banixcd. or may hereafter organize,
the members Of which shall lie APP
pointed by the Mayor of the City of
New Orleans. and the powers, duties
and functions of which shall be pre-
scribed by the City Of New Orleans:
City New snS sSs sos or re Of
Commissioners Of the Port OF New
Orleans In relation thereto. and to
, submit to the people OF the Stats OF
Louisiana an amendment. to the Con-
. stitution of the State of Louisiana
authorizing the issue OF said bonds
and rattfyinS the provisions Of this
Section l. Be 1t enacted by the GEN.
erai 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 an amendment
after submitted TO them. the City Of
New Orleans II hereby authorized and
empowered to issue bonds not to ex-
coed two million $4,000. oo0.0o) dollars
In amount. to be dated January 1, 1903,
intere.t payable sem Ssa nsl snn IN.
principal of which shall be payable at
any time between July l. 1889. and
July 1, 1850.
Said bonds shall be drawn payable to
bearer. and shall be styled: ~PublIc
Belt Railroad Bonds OF the City of New
Orleans" They shall be of the denomi-
nstioi-s and be numbered as follows. to-
Five thousand ts.oes) of one hundred
($1oo.00) dollars each, numbered from
l to 5J0o. both inclusive.
One thousand (.o00) Of five hundred
lSsoo.0o) dollars each. numbered from
60o1 10 5000. both Inclusive.
one thousand I.eoo) Of on. thousand
(S1,ooo.oel 1ollars each. numbered from
6o01 to 1000. both Inclusive.
They shall BE PAYABLE In lawful mon
~ ~ OF , the snised Stasss Win ssmi-sn an.
rusI interesx coupons aItacne9. due
SuV ana January L Iney snail Dc
siened by the Mayor 81 the City OF New
ORLEANS and corntersigned By the
Somptroner and the treasurer OF the
City oL New Orteane Trey snail pc ex.
empt from all taxation. State. parish
ana municipal. ana the tutors OF MI
nors and cuPtors OF tnterdicts shall be
eutnSr1xed e invest all funds In their
nanoe IN sQcn oonds they may be
reGtsered and released from registry
UNDER such-rulee and regulations az
may pc preErfbed ~ the City of New
Orle4pss< an4 NO re stored bond shall
be nego4ERle. They SHALL be received
on depou<Vlth the state or its officers
or any - Re politic0 subdivisions
o. municlpalisles y Al cases where; by
law. deposits OF bonds are allowed or
reQulreQ 70 ce mace, - security with
the state, OF IT. efficers. or with any Of
its pohtfcai SUBDIVISIONS or municipal
itis4
section = BE X further enacted, etc.
dnat a. soon - constitueionai author
ity TOT toe issuance OF said bonds shall
nave been Obtained the City OF New
orleans snaH De authorised to cause
said 1onos 20 Pc enBraved and execut-
ca, The CITY g New Orleans 10 hereby
autncrised ana Empowered, ON and at
yer yapeery !. lSes. to sell sAid bonds.
amounts. and uD0u such teFma and f,ou.