St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-09-26
ACT NO. $50.
ACT NO. $50.
House Bill No. 1852. BY MR. Barrett.
AN ACT

House Bill No. 1852. BY MR. Barrett
To authorize the Board of Commissions of the
Port of New Orleans to issue three
million FIVE hundred thousand (S3.-
5OO,000O) of Eve (5) per cent bonds
which shall be exempt from taxation; to au-
thorlze the exchange Of so many Of said
bonds as may be necessary to retire valid
outstanding obligations of said board, and to
provide for the sale of the remainder thereof;
to provide for the payment of the principal
and interest of said bonds and the DISPOSE
ton of the proceeds thereof; to define the
powers and duties of the Board of Commits
sioners of the Port OF New Orleans and the
Treasurer of the State of Louisiana in rela-
ton thereto; to continue said board in exfs-
tence until the payment of said bonds; and
TO submit to the people an amendment to the
Constitution of the State of Louisiana au-
thorizing the issue of said bonds and ratify
ing the provisions Of this Act
Whereas the Board of Commissions Of the
Port of New Orleans, created under the pro-
visions Of Act 20 of the General Assembly
of the year 1896, as amended by Act No. SO
of the General Assembly Of the year 1900.
is vested with the administration Of the pub
lie wharves and landings Of the port and
harbor Of New Orleans. and charged with
the duty of extending, improving and main
tanning the same and the appurtenances there
to; and
whereas, said Board of Commissioners Of the
Port Of New Orleans assumed the duties i'm
posed on 1t by law, at the termination of
the lease between the City Of New Orleans
and the Louisiana Construction & Improve
ment Company, on the Goth day OF May,
1901; and
Whereas, said Board out OF Its revenues has,
since said date, practically rebuilt the en-
tire wharf system received from said Loulsi-
ana Construction Improvement Company
built new wharveS, erected steel sheds on
the wharves and landings for the protec-
ton of merchandise in transit. construct
ed paved roadways and approaches thereto.
provided suitable dredge and tugboats for
dredging and fire protection purposes mas
maintained sufficient depth OF water and
provided for the lighting and policing OF
the wharves. landings, sheds apd appur-
teances thereto; and
Whereas. on account of the growing commerce
of the port and harbor of New Orleans 1t Is
now necessary that additional wharves pc
constructed and extensive engagements ana
improvements of the system OF "harEeS
landings sheds and appurtenances he made
40 that the facilities for the handling OF
export and import cargoes in the port ana
harbor of New Orleans will be equal II NOT
superior. to similar facilities at any South
Atlantic or Gulf IEFt; and
Whereas funds cannot be made available for
these purposes except by the Issue of bonds;
and
Whereas the said Board Of Commissioners OF
fbe Port of New Orleans Is assured that pro
vision can safely be made from Its revenues
for the payment of the interest annually
turity, of three million five hundred thousand
dollars as, 500, 0o0.0ol Of five per cent bonds
and
whereas, legislation providing for the issue OF
said bonds and recommending the submission
TO the people Of an amendment to the Con
stitutiou of the State Of Louisiana authoriz
ing the issuance of said bonds and ratifyina
the provisions Of this Act. is recommended
by the Port Investigation Commission, created
by Act No. of the Extra Session Of 1907
therefore:
section 1. Be it enacted by the General AS
| sembly of the State of Louisiana, two-third
| of ali the members elected to each HOUSE
concurring:
That. subject to the ratification of the peopI,
| of the State of Louisiana, by the adoption o.
| an amendment to the Constitution Of the State
| hereinafter submitted to them, the Board O
| Commissioners of the Port of New Orleans
/ created by Act No. 20 of the General As
sembIy of 1895. amended by Act No. So o
1 the General Assembly of the year 1890, is here
/ by authorized and empowered, and it shall b
| It's duty to issue bonds not to exceed tire
| million five hundred Thousand dollars tS3.500,
/ 100000 in amount, dated January 1. 1908