The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-08

payable semi-annually by the Treasur-
er of the State of Louisiana, on the
first days of July and January. and
SAID Board shall Place on deposit
fore the first of April of every subse-
quent year, with the Treasurer of the
State of Louisiana, to the credit OF a
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,
said Board shall. in addition to the
amount of the annual interest due on
the 1st of July, place on deposit, on or
before April l. with the Treasurer OF
of special account to be styled Bond
Redemption Account" a sum of one
hundred thousand dollars ts1o0, ooo.lo).
and the said Treasurer is hereby en-
his duty, to pay, on the 1st of July OF
the year 1924, and annually thereafter,
out of said Bond Redemption Account.
one hundred QOO) 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
Commissioners of the Port of New Or
leans. which shall receipt for same.
and which shall retain and paste the
same as vouchers. in book 70 be by
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
the charges for the use of said
wharves, landings, sheds and appur-
tenances thereto, or to collect the reve-
nues therefrom, in an amount suffi-
| nin ~ fnr hn WY nnf n N
| tercst due or to become due. and the
| 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 as may be 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
holder of the bonds issued hereunder:
| the State Of Louisiana, and the Board
of Commissioners of the Port of New
Orleans
That the Board of Commissioners Of
the Port of New Orleans shall, and 1t
is hereby authorized and empowered to
expend the proceeds of said bonds for
building new wharves, for erecting
sheds. for constructing roadways. and
| other improvements: for the purchase
of suitable dredges, barges and tug
boats: for the payment of wharves or
other property purchased or cxpropri-
ated, and for the payment of obliga-
lions heretofore contracted and out
property shall be taken without just
and adequate compensation previously
paid
year. the said board shall furnish de-
tailed account of the receipts and ex-
penditures to the Governor Of the
State; which report shall be published
of New Orleans.
Section 6. Be it further enacted, etc.
That at the Congressional election to
be held 3 in this state . on the first Tues
vember. 1908, the following amendment
to the Constitution of the State OF
Louisiana shall be submitted to the
electors Of the State. to-wit: THE
Board of Commissioners of the Port OF
| New Orleans shall have power, and il
shall be it's duty. to issue three million
five hundred thousand dollars (s3,500,-
0oo.Oo) of bonds to be known as 'Por,
Commission Bonds for the purposes
and under the provisions and condi-
lions set forth in the Act of the Legis-
ldtuFe adopted TO IHdt emu ana LOT ina
purpose at the regular session OF the
General Assembly of 1908. which sale
Act is hereby ratified and approved
and all provisions of the present Con.
stitution of the State in conflict with
the provisions of this Act. and with
this amendment are, to that extent ant
for that purpose only. repealed.
Section Z. Be 1t further enacted. etc.
That. on the official ballots to be uset
at said election shall be placed thu
words: For the Port Commission
Bond Amendment" and the words
Against the Port Commission Bono
Amendment" and each elector shall in
dictate his vote on the proposed amend
ment as provided by the general cleo
ton laws of this State.
H. G, DUPRE,
Speaker Of the House of Representatives
p. M LAMBREMONT.
Lieutenant Governor and President O.
the Senate.
Approved July 3, 1908.
j.. Y. SANDERS,
Governor Of the State of Louisiana
A true copy. JOHN T. MICHEL,
Secretary of State.