The southern sentinel. (Winnfield, La.) 1883-1910, 1908-10-30

Section 6. Be 4 further enacted. and
resolved. etc. That on the official bal
lots to be used at said election shall be
For the additt nal amendment of the
City Of New Orleans Public Improve
ment Bond amendment" and the words:
Against the additional amendment of
the City of New Orleans Public I'M
provement Bond amendment"
And each elector shall indicate his
vote on the proposed amendment as
provided In the general election laws of
the State. p. NJ LAMBREMONT,
Lieutenant Governor and President of
H. q. puPRE.
Speaker Of the House Of Representatives
Approved July 3nd. 1908.
J. Y. SANDER6.
Governor of the State of Louisiana
A true copy. JOHN T. MICHEL
Secretary OF State.
ACT No. 49,,
House BIZ No. 1853 BY Mr.. Barrett
An ACT
To authorize the City of New Orleans
to issue two nfllton (S2.o0t .o0v) dol
lars or five CD per cent bonds, which
shall be exempt from taxation: to
provide for the sale thereof: To pro-
vide Tor the payment of the principal
and interest of said bonds. to III o> ide
Tor the disposition Of the proceeds
thereof. through such Publ. Belt
Railroad Commission as the city of
New Orleans may have heretofore or
ganixed. or may hereafter organize
The members OF which shall lie ap-
pointed by the Mayor of the City of
New Orleans. and the powers. duties
and functions of which shall be pre-
scribed by the City Of New Orleans:
70 define the p2wers and duties of the
Commtsstonerg OF the Port OF New
Orleans In relation thereto. and to
submit to the people of the State of
Louisiana an amendment to the Con-
efttutton Of the State of Louisiana
authorixing the issue Of said bonds
and ratifying the provisions of this
Act
Section 1. BE Il enacted by the. Gem
eral Assembly OF the State Of Louisiana,
two-thirds OF all the members elected
70 each House concurring. That. subject
to the ratification OF the people of the
state Of louisiana. by an Amendments
to the Constitution OF the State, herein-
after submitteds to them. the City Of
New Orleans IL hereby authorized and
empowered to issue bonds not to ex-
seed two million tS1.ooo. ooe.oo) dollars
IN amount. to be dated January 1, 1903,
, bearing NV. 60 per cent per annum
principal Of which shall be payable at
any time between July 1. 1893. and
July !, 1889.
bearer. and sSsii be stviedp ayI Pne, 20
Belt Railroad Bonds Of the City Of New
orleana.. They 5hall be Of the denomi-
nation . and be Numbered as follows, to-
Five thousand q. 900, of one hundred
(&loo.00) dollars each, numbered from
TO, s0oe. both Inclusive
One thoueand (l.oeo) OF five hundred
SSsoo.ool Collars each. numbered from
One .thousaad u.oool OF one thousand
90. o0e.et) doIlApo each. numbered from
sool - Iel4 both inclusive.
Thex ST. ee payable In lawful mon
nufl interest coupons attached. due
jay I and January !. They shall be
signed by the Mayor Of the City OF New
Orisans an1 counterstsnsd by. the
City OF New Orleans. They shall be ex-
empt from all taxation. State, parish
and municipal. and the, tutors OF mi
nors and curatoFs Of interdicts shall be
hands In such bonds They may be
registered and freleased from registry
under such rules vnd regulations as
may be prescribed Nv the City of New
be nesctiabie. rhey shall be received
on deposit with the state or its Officers
or any Of its political subdivisions
or municipalities In all cases where, by
required to be made. a. security with
the State. or its officers. or with any OF
IL political subdivisiops or municipal
Section 3. Be Il further enacted. etc.
That al soon ~ constitutional author
tty for the issuance OF said bonds shall
have been obtained. the City of New
Orleans shah He authorized to cause
ed The City OF New Orleans il hereby
authorized and empowered. on ana af-
ter January I. 1905. to sell said bonds.
az such times aed IN such numbers and
emounts. and vnon such terms ana COM
dftion0 A the City OF New Orleans MAJ
deem advisable. provided that no sale
snail be made BY said city. except upon
scaled proposals. to be submitted 10
said city after advertisement for the
same shall b had for thirty ts0) con-
newspaper or Newspaper OF the cities
Of New York and New Orleans. respec-
lively. and provided that no sale shai
oe made bv safd city .. . price less
to have aiways the right to reject any
ana All btdA- Coupons attached to sald
bonds. past dua ct the time Of deIivePv
shah BE detached and cancelled BY said
rity before delivery Of the bonds.
That the principal and Interest Of said
bonoa shah ~ paid bv preference from
The revenuee ~ the Public Belt Rail-
road Of the City OF New Orleans. after
md opersssos anS an PHbiic e1 Rsss rnS
enues coliectihle under existing laws
% orGna1ceG. or amendments thereto.
md all future Public Belt Railroad
g ssvenuss. aftes dedueting the expenses
hereby DlsdGed to secure said bonds
hall De evidenced Sv coupons sttseSsS
hereto. payable ssmi-annuaIIy bv me
I. reasurSr O. the City Of New Orleans.
.ss g city 8 nv s Ssss ne : ss5np; ~
UoU0I0oo - - DofDQo ~ 0rne ~