The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-09-12
Amendments linen
'' '.''sd from Second 'ag"1

roptpued from .,
i.l,tion providing 70. The IS
yeas . Iss bonds and recommending
9, .,t,sn;s,ion to the people Of o. ar. a.
The '1 ,,,.Dt to the Constitution d me
n'a'o nf louisiana authorizing The
paa STATE :. u # said bonds and ro'.ty@g
j''a'n. sd.iops Of this Act, is recon
AsfyI H' j p,9'J Sy the Port Investigation n
ha e o,nnss n created by . Act . No. 9
hon. C I.sa Extra Session Of 1907, there
ID br Be it enacted by the Ger
:; : saa.,, i, Of the State of Louisiana
s,,sn Of all the members elected to
iHou,. conoprring; ...a,,..,o If the
,I 'I the State Of louisiana by the /.
b. d an amendment to the a.( c@o5s,
li''os }, t y, S State, hereinafter submitted
. f. o the the Board of Commissioners Of
nl psn W u Nev Orleans, created by Act
P mdt the General Assembly Of 1896. q
VW VI" No zG of the Gen.
IVA ,...mbIv Of the year 1900, IS mere
( lls s,',1, and empowered, and it shall.
: atv, toissue bonds not to exceed
slInp five hundred thousand DOL
'lg5OO.ooooo) in amount. dated
l,.r /, 1909, bearing five per cent
.,,ni interest, payable sem'-annu-
t,sDrincipal Of which shall be pay
NV time between July !, 1924,
'.v !, 1859. Said bonds shall be
], n,vsbls to bearer and shall be
.i.pot Commission Bonds. They
.rs Of the denomination Of one thous-
solus lsl,Ooo.oo) each, payable in
hlmOney Of the United States, with
.,rnual interest coupons attached,
hE list and January lst. They
rs signed by the President and
ssgned by the Secretary Of the
Of Commissioners of the Port OF
Orleans. They shall be exempt
,Btaxaton, State, parish and mu-
nl and the tutors of minors and Gu
ID Of interdicts shall be authorized to
j The funds in their hands in such
They may be registered and re-
sdfrom registry under such rules and
nations as may be prescribed by said
IA Of Commissioners of the Port Of
Orleans, and no registered bond
ID be negotiable They shall be re-
aSs on deposit with the State, or its
hrs or any Of its political subdivi-
/; or municipalities, in all cases, where,
hg deposits of bonds are required or
wsd to be made as security, with the
auits officers, or any Of its politi-
Subdivisions or municipalities.
Section 2. Be it further enacted. ETC.,
HI as soon as the Constitutional au-
Eay for the issuance Of said bonds
m aR have been obtained, it shall be
duty Of the Board of Commissioners
@ hePct Of New Orleans to cause said
D@ tobe engraved and executed. The
atd Of Commissioners of the Port of
y Orleans is hereby authorized and
rWered, on and after January |,
VITO exchange, at not more than par
M accrued interest so many of said
q sas may be necessary to retire out
). Adng obligations Of said Board, cou-
pas! due at the date Of exchange to
asiached and cancelled by said board
Il 70 delivery Of bonds; and SAID Board
|RieOy authorized and empowered to
~ aeremalnder Of said bonds, in whole
. part, in such manner. and upon
terms and conditions, as by said
10 may be deemed advisable; pro-
mat no sale shall be made by said
90 ata price which will net to the
va less than par and accrued interest.
S attached to said bonds, past due
Mame OF delivery, shall Be detached
cancelled by said board before de-
~ ia the bonds.
y '%u'n s. Be it further enacted, etc..
II, as principal and interest of said
Y snail be paid by preference from
s'enues Of the Board Of Commission
NE Port Of New Orleans and all
1'es soHectibIe under the laws, as
asAng shall be and are hereby
T" secure said bonds and inter-
et - no event shall the charges i'm
! Wy said Board, under the law. now
De reduced to an amount less
necessary for the payment of the
) ~ and interest of said bonds; and
: ''afa Of Commissioners of the Port
" " Orleans as presently organized
UNCUT dlminution of existing terri
jurisdiction shall continue in legal