The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1908-10-15
payable semi-annua1ly. by the rreasur-

payable semi-annually. by the Treasur-
er of the State of Louisiana, on the
said Board shall place on deposit, on
or before April !. 1909. and on or be-
fore the first of April of every subse-
quent year. with the Treasurer of the
State of Louisiana. to the credit OF a
special account to be styled Interest
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
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
the State of Louisiana, to the credit
of special account to be styled Bond
Redemption Account" a sum of one
hundred thousand dollars (sloo,oeo.to.
powered and directed. and it is made
his duty, to pay. on the LIST of July, OF
the year 1924, and annually thereafter.
out of said Bond Redemption Account.
one hundred 600 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 to be by
it kept for that purpose. 1t shall be
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
impose under the law as now existing,
The charges for the use of said
wharves. landings, sheds and appur-
| tenances thereto. or to collect the reNe-
| cient to provide for the payment of in
| tereSt due or TO become due. and the
redemption of bonds as provided in this
( Act said Treasurer is hereby empower
/ ed and directed, and 1t 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 t. Be it further enacted, ETC..
That all Of the provisions of this Act
| shall constitute a contract between the
holder of the bonds issued Hereunder
the State OF Louisiana, and the Board
of Commissioners of the Port of New
Orleans.
Section s. Be it further enacted, etc.
That the Board of Commissioners OF
the Port of New Orleans shall. and i,
| is hereby authorized and empowered t6
I
the extension Of existing wharves, fol
building new wharves, for erecting
sheds, for constructing roadways, ane
other improvements: for the purchase
boats; for the payment of wharves Of
other property purchased or expropri
ated. and for the payment of obliga
tions heretofore contracted and out
standing; provided that no privat,
property shall be taken without jus
and adequate compensation prevlousl!
paid.
On the 31st day Of December of eacl
year the said board shall furnish de
tailed account OF the receipts and ex
pepditures to the Governor of tn
State; which report shall be published
once in the. official journal Of the Cit.
Section 6. Be it further enacted, etc
That at the Congressional election t.
be held in this State on the first Tues
day following the first Monday of No
vember. 1908. the following amendmen
to the Constitution of the State 0
Louisiana shall be submitted to tn
electors Of the State. to-wit: "rh
New Orleans shall have power. and
shall be it's duty, to issue three millio
five hundred thousand dollars (S3.500,
: Commission Bonds for the purpose
and under the provisions and condi
lions set forth in the Act of the Legis
lature adopted to that end and for tina
| purpose Tue SeSSIoH VI III
: General Assembly OF 1908, which sal
, Act is hereby ratified and approved
and all provisions OF the present Con
stitution of the State in conflict wit
the provisions of this Act. and wit
, this amendment are. to that extent an
for that purpose only, repealed.
Section I. Be 1t further enacted, etc
That. on the official ballots to be use
? at said election shall be placed tn
words: For the Port Commissio
Bond Amendment" and the words
:, Against the Port Commission Bon
Amendment" and each elector shall in
dictate his vote on the proposed amend
ment as provided by the general elee
ton laws of this State.
: H. G. DUPRE,
I Speaker Of the House of Representative
P. NJ. LAMBREMONT,
3 Lieutenant Governor and President
the Senate.
S Approved July 3, 1908.
j. Y. SANDERS,
J. Governor of the State of Louisian
A true copy. JOHN r. MICHEL,
Secretary of State.
: ACT No, 245.