The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-01

o.
and all provisions of the present Cons
stitution Of the State in conflict with
the provisions of said Act OF 1908,
and with this amendment, are to that
extent and for that purpose only re-
Section S. Be 1t further enacted, and
resolved. etc. That on the official pal
lots to be used at said election shall ia
placed the words:
"For the additi'nal amendment Of the
city OF New Orleans Public Improve
ment Bond amendment" and the WORDS:
; Against the additional amendment OF
provement Bond amendment"
And each electOI shall Indicate MS
vote on the proposed amendment as
provided in the general election laws OF
the State. p NJ. LAMBREMONT.
Lieutenant Governor and President of
- II. q. DEPRE.
Speaker OF the House OF Representatives
Approved July End. 1893.
J. Y. SANDERS,
- Governor Of the state of Louisiana.
A true copy. JOHN T. MICHEL.
Secretary OF State.
J.. ACT No. 17s.
House Bill No. 1873. By Mr.. Barrett.
81. AN ACT
To authorize the City OF New Orleans
to issue two million $500, 5000 dol
!, lars OF five (5) per Gent bonds. which
shall be. exempt fpaE taXation; TO
provide for the sale thereof. ~ pro-
vide for the payment OF the Erlnclpa!
Ct anu interest of said bonds; to pIo\ ide
for the disposition of the proceeds
thereof through such Publ: Belt
Railroad Commission as the City OF
New Orleans may have heretofore or
= ganized, or may hereafter organize,
: pointed by the Mayor of the City ut
New Orleans, and the powers. duties
and functions of which shall be pre-
scribed by the City of New Crleans;
Ito define the powers and duties of the
s.sCity of New. Orleans and the Board of
Commissioners of the Port of New
-s Orleans in relation thereto. and to
T. submit to. the people, of the State of
r Louisiana an amendment to the Con-
/. Stitution of the State of Louisiana
authorizing the issue Of said bonds
and ratifying the provisions of this
Act.
Section l.. Be it enacted by the Gen
I eral Assembly of the State of Louisiana.
two-tl;rds of all the members elected
to each House cOncurring, That. subject
to the ratification of the people of the
State Of Louisiana. by an amendment
to the Constitution of the State. herein
after submitted to them the City of
New Orleans is hereby authorized and
empowered to issue bonds not to ex-
Ceed two million $2,0O0.0 oJ00) dollars
in amount. to be dated January 1. 1909,
interest, payable semi-annually. the
principal of which shall be payable at
any time between July l. 1889. and
July /, 1859.
bearer. and shall be styled: Public
Belt Railroad Bonds of the City of New
OrieanS.' They shall be of the denomi-
natl, and be numbered as follows, to-
wit:
Five thousand $4,000 of one hundred
! (siGo.o0) dollars each. numbered from
Ito 5000. both Inclusive.
One thousand l.O0O) of five hundred
/ ($5Q0.00) dollars each. numbered from
5UO1 TO 5000. both inclusive.
rs! One thousand l,0o0) of one thousand
| ($1 100000 dollars each. numbered from
6001 to- To09. both inclusive.
They shall be payable in lawful mon
l. ey of the United States. with semi-an-
nual interest coupons attached. due
July and January l. They shall be
signed by the Mayor OF the City of New
| Orleans and countersigned by the
| Comptroller and the Treasurer of the
empt from all taxation, State, parish
| AMI m unieipal and the tutors of mi
nOis and curators of interdicts shall be
authorized to invest all funds in theil
| registered and release from registry
under such rules and regulations "a:
may be prescribed by the City Of New
Orleans, and no reg stored bond shall
1
on deposit with the state or it's officer!
/ or :, any OF Its political subdivisions
or municipalities in all cases where. b,
| law. deposits of bonds are allowed O.
i required to. be made. as security will
the. State. or its officers or with any o
it's political subdivisions or municipal
tiles.
Section Q Be it further enacted etc
| That us soon as constitutional author
fty for the Issuance of said bonds shall
|. have been obtained the City of New
Orleans shall be authorized to caus
said bonds to be engraved and execut
ed: The City Of New Orleans is hereb,
authorized and empowered. on and at
ter January I. 1909. to sell said bonds
at ,such, times and In such numbers an,
amounts. and upon such terms and con
deer, advisable. provided that no sal
shall be made by said city. except upol
sealed prOnnsals to b" submitted t.
said CITY after advert ."ment for TIL
same shall be had for thirty 900 con
! Secntirc- days in one or more dali
newspaper or newspapers of the cite
of New York and New Orleans. respec
lively. and provided that no sale shall
be made by said city q price les
than par and accrued interest. the cit
to have always the right to reject an
and all bids. Coupons attached to sal
bonds. past due at the time of delivery
shall be detached and cancelled by sal
CITY before delivery of tho bonds
Section :. Br 1t further enacted. etc
That the principal and interest of sal
bonds shall be paid by preference fror
the revenues of the Public Belt Rail
road Of Tic City of New Orleans afte
deducting the expenses of maintenance
and operation. and all Public Belt rev
enues collectihle under existing law
or ordinances. or amendments thereto
and all future Public Belt Railroa
revenues. after dedut ting the expense
OF maintenance and oneration. ar
her sby pledged to secure said bond
and interest. The interest on said bond
shall be evidenced by coupons attache
thereto. payable semi-annually by tn
Treasurer Of the City of New Orlean.
on the first days of July and January
and the City of New Orleans shall ap
II propriate on or before the first day
Of April and October, 1909. and annual
ly thereafter. to provide for the pay
ment of the semi annual interest du
) July l and Januar! ! of each subse
quent year, out of the. revenues Of thu
Orleans. after deducting the expense
OF maintenance and operation which
J appropriations shall be credited on tn
} books of the Urea surer of the. City o
New Orleans. to a special account to b.
hstyled Public Belt Railroad Bond In
terest Account" amounts equal to tn
semi-annual interest on all bonds tina
may have been delivered. The Treasur
er of the City of New Orleans is hereb,
empowered and directed. and it is mad
his duty. to pay any and all such cou
pons that may be due when presente,
by any, holder thereof.
In the year 1882 and annually there
after. 'the City of New Orleans, shall
In addition to the amount of the semi
; annual interest due on the first of Jul,
and January Of each year appropriate
on or before the first day of April. on
OF the revenues of the Public Belt Rail
road of the City of New Orleans. afte
deducting the expenses of maintenance,
and operation, which appropriation
shall be credited on the books of tn,
Treasurer of the City of New Orleans
70 special acc 3unt to be STYLED pub
lie Belt Railroad Bond Redemption Ac
count" the sum nf one hundred thous
and ($100 900 00) dOkars and the sail