The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-10-03
,,tiitrtipp,I Amendments Amen 9sse.t

sp : nuIeldld
ST. o 4 said bonds and fa'.fy'ng
' .1s, s Of this Act IS . recon
r b, the Port Investigator %I n
a' si,,; s@ created by Act Act No.. No: >
4, Extra Session Of l9O|' there
n Be it enacted by the 5'.. o@n-
t..,1 !, Of the State Of LOUISIANA a.
~ .,.' 4 al the members elected to
sr;. concurFing; .;e,,,ioo Of the
+ 'l he State Of Louisiana ma c BY the
i an amendment to the ' oo,5'.l
% . C Gate. hereinafter submitted
q ~ po,rd of Commissioners OF
y, y New Orleans, created by o Act
\ .i y sI General Assembly of 1896.
W.. 4, BY Act No. SO Of the Cen
I,'l ,.t,y Of the year 1900 IS here :
S'''n's,' nd uncovered, and it shall
w. Tissue bonds not to exceed
4 any, n.y., five hundred thousand dol
slas.,'s ;a in amount dated
'p'I 1909, bearing five per cent
y w, interest, payable semi-annu-
4 ~, ni,,iuaI Of which shall be pay
:, lime between July !, 1924
- ~ 1853. Said bonds shall be
y ,,r,bIs to bearer and shall be
J. ,. srl Commission Bonds They
n, ,itbs denomination Of one thoaS-
! ,I1anls l,OOO.Oo) each, payable in
N n,pey Of the United States with
.,,,,l interest coupons attached
/ 4, lst and January lst' They
Il i signed by the President ano
srtr;ened by the Secretary Of the
a i Commissioners Of the Port o.
Orleans. They, shall be e1emp'
,reration, State, parish and mu-
n. and the tutors of minors and Gu
h Of interdicts shall be authorized tt
little funds in their hands IN su0t
/, They may be registered and re,
s,tirom registry under such rules anc
tbtons as may be prescribed by sax
IA Of Commissioners of the Port o
I Orleans, and no registered bono
n Be negotiable. They shall be re
IaSe on deposit with the State, or it
Ia; or any Of its political subdiVi
.snmancipalities, in all cases, where
Nv, deposits Of bonds are required o
Egsd to be made as security, with tn
b. Or its officers, or any Of its polltl
Subdivisions or municipalities.
stfan g Belt further enacted, etc
Ii as soon as the Constitutional au
|ay for the issuance of said bond
]. nave been obtained, it shall b
! duty Of the Board Of Commissioner
|ieP0t Of New Orleans to cause Sal
sh to be engraved and executed. tn
bid Of Commissioners of the Port
b Orleans is hereby authorized an
powered on and after January
psD exchange, at not more than pc
accrued interest, 50 many Of sd
Fsss may be necessary to retire out
Eitng obligations Of said Board, col
Fspast due at the date Of exchange
teached and cancelled by said boar
Fae delivery of bonds; and said Boar
Is's5F authorized and empowered
HhaTemalnder OF said bonds, in who
Iifpat, in such manner, and upl
p terms and conditions. as by So
E1Td may be deemed advisable; pr
y that no sale shall be made by sd
Eld alta price which will net to Il
Eaa less than par and accrued interes
Pp0a attached to said bonds, past dr
|e tme Of delivery, shall be detach,
faaceled by said board before d
prot the bonds.
S'a'n 5. Be it further enacted, ett
y the principal and interest Of sa
rs shall be paid by preference fro
sls'eaQes Of the Board of Commission
~ me Port Of New Orleans and
'''''e' 'OlIectible under the laws,
!, EXISTING shall be and are herel
- % secure said bonds and int
q, ~ no event shall the charges il
y sad Board, under the law nc
s' % reduced to an amount lie
y necessary for the payment of t
|, ..l,Pa and interest Of said bonds; a
0'afd Of Commissioners of the Pc
I w " OFIsans, as presently organic
rI,' 4nioat dlmlnutiOn of existing ter
I, \ jurisdiction, shall continue in lel
J. S''e until all the bonds issued in a
n ra'e with this Act shall have be
4 7 Principal and interest; provid
u, M members of said Board shall
', .sIIsd BY the Governor, subject to
!, y 1y the Governor, and the Gov,
F4hH nAuyar r ell n