The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-31
l,,,titutIen,l Amendments Amen nosD.t

sas " ;.sion to the people VI al
a' ,ao,s,5,' to the CONSTITUTE" Of the
sn.n'' III louisiana Authorizing the
sat, ", - Of said bonds and f'"fylns
b'1'n. VISIONS Of this Act, IS recon
he I rs', by the Port Investigation "a n
o e,n,,i ss created by lac, Act No.. No. .
Comm .na Extra Session Of 1907 there
h': Be it enacted by the Gen.
;'; '.'en !, Of the State Of Louisiana Louisa
a'ss # all the members elected to
House con'nrr ing ratification Of the
i 't the State Of Louisiana. o by the
:. Il an amendment to tie Consul
y, ;, ~. = S State, hereinafter submitted
. 4 h, Board Of Commissioners of
l 70 If Of New Orleans, created by 3o Act
~, !" ! = The General Assembly of 1896
,n.olsd by Act No. So 'o0 95 tn" e. S uSn-
Assembly Of the year $780, o. is $. 9 DasI5
l145,ri1sd and empowered and it shat,
' !. anty tOissue bonds not to exceed
Lillian sn five hun1fed thousand dol
'''s, 1'5o in amount, dated
~ !, 1909, bearing five per cent
w. ..'un interest, payable SernI-annu-
|, I ,Is principal Of which shall be pay
= !, m, time between July /, 1924,
i, i 1859. Said bonds shall be
!, ,,yable to bearer and shall be
\ .pot Commission Bonds. They
.as. otthe denomination of one thous-
tdars 100000 each, payable IN in
N money Of the United States, with
animal interest coupons attached,
hv lst and January ist. They
n he signed by the President and
ttgsrnsd by the Secretary OF the
.,,d d Commissioners of the Port OF
4 Orleans. They shall be exempt
H. Al taxation, State, parish and mu-
IA and the tutors of minors and Gu
n, Of tnterdicts shall be authorized to
lathe funds in their hands in such
.k They may be registered and re-
s,dfrom registry under such rules and
phduns as may be prescribed by said
Ira Of Commissioners of the Port Of
h Orleans, and no registered bond
n be negotiable. They shall be re-
aSs on deposit with the State, or its
tas or any of its political subdivi-
nu municipalities, in all cases, where,
law, deposits of bonds are required or
sEed to be made as security, with the
h or its officers, or any of its politi-
labdgisons Or municipalities.
ssaon 2. Belt further enacted, etc,
1t as soon as the Constitutional au-
|s1ty for the issuance of said bonds
u have been obtained, it shall be
sdty Of the Board of Commissioners
kPot Of New Orleans to cause said
@ 70 be engraved and executed. The
ad Of Commissioners of the Port Of
n Orleans is hereby authorized and
nVTed on and after January |,
VITO exchange, at not more than par
accrued interest, so many of said
Ads as may be necessary to retire out
iang obligations of said Board, cou-
past due at the date Of exchange to
tstached and cancelled by said board
Es delivery Of bonds; and said Board
agsby authorized and empowered to
!asremalnder Of said bonds, in whole
. part, in such manner, and upon
terms and conditions, as by said
no may be deemed advisable; pro-
90 mat no sale shall be made by said
az ata price which will net to the
40 less than par and accrued interest.
pas attached to said bonds, past due
asume Of delivery, shall be detached
an'eled by said board before de-
'Td the bonds.
As0n 3. Be it further enacted, etc.,
NE principal and interest of said
8 shall be paid by preference from
's'saaes of the Board of Commission
tha n
' NE Fort of New Orleans and all
''pss collectible under the laws. as
EXISTING shall be and are hereby
gu F" secure said bonds and inter-
u no event shall the charges in.
y sad Board, under the law now
'''a be reduced to an amount less
''essary for the payment of the
ana interest Of said bonds; and
a'u Of Commissioners of the Port
~ y, orleans, as presently organized
=. ammunition of existing terri
''0'Ctlon' shall continue in legal
,a,. ! ua'l' all the bonds issued in ac-
' with this Act shall have been
"a. pinclpal and interest; provided
,.a members of said Board shall be
I'm by the Governor, subject to re-
,,s, y me Governor, and the Cover