St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-09-05
ACT NO, $50,


House Bill No. 152. By Mr.. Barrett.
AN ACT
To authorize the Board of Commissions of the
Port of New Orleans to issue three
million five hundred thousand ($3--
5O0O0.O0) of five t5) per cent bonds,
which shall be exempt from taxation; to au-
thorize 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
tion of the proceeds thereof; to define the
mowers 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 exis-
tence until the payment of said bonds; and
In 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, amended by Act No. 81
of the General Assembly of the year 1900,
is vested with the administration Of the pub
lie wharyes 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 it by law, at the termination OF
the lease between the City of New orleans
and the Louisiana Construction & Improve
ment Company, on the 10Th DAY OF May
1901; and
whereas, said Board out OF Its revenues has
since said date, practically rebuilt the en-
fire wharf system received from said Louisi-
ana Construction & Improvement Company,
h,,iIt new vharves, erected steel sheds on
the wharves and landings for the protee-
tion of merchandise in transit CONSTRUCT L
a }.
provided suitable dredge and tugboats iof
dredginC and fire protection purposes; mas
maintained sufficient depth OF water aho
provided for the lighting and policing OF
the wharves, landings, sneus anu "PpuA
teances thereto; and
Whereas on account of the growing commerce
of the port and harbor of New orleans II u
NOW necessary that additional wharves bt
constructed and extensive ehlargehents s,r nn.
improvements of the system Oh WhaINts
landings sheds and appurtenances pc hlaat
so that the facilities for the handilng "
| export and import cargoes in the por ~ any any
| harbor of New Orleans VIII De eaual sontl
SUPERIOR to similar facll1ues at any ~
Atlantic or Gulf port; ana ,,,, s
| whereas funds cannot be made aVallabie io
| these purposes except by the issue OF oohus
and -, =.
yvhoraas the said Board of Commissioners
tn DIT of Now Orleans is assured that pro
/ vision can safely be made from us FeNehue
| for the payment of the interest annu" 10y
and the payment of the principal +h al m~
tnritv. of three million five hundred th9us sar
dollars ($3, 500. ooo.Ool of five per cent bonus
and ~. ,,ro n
Ubaroas. legislation providing for the issue .,o
soid bonds and recommending the supnlsslo
to the people of an amendment 10 an. antbori,
| s+i+nnon of the State of Louisiana auinol ,
inc the issuance of said bonds ana raeilS ~
+be provisions of this Act Is recommends ap4e
nv the Port Investigation Commission. cfe saoz
by Act No. of the Extra Session Oh i'0'
| therefore: $500, a,
sect,op /. Be 1t enacted by the General a, a,
semblv of the State of louisiana t~o tInl,o
Of ofN'p all the members elected to each H0us
concurrfng: -. ,,oou,
THAT subject to the ratification of the poop
- NC STATE Of Louisiana by the adoption {
an amendment to the Constitution OF Inc nerd sia
hereinafter submitted to them. the bo oafu
Commissioners of the Port of Ne" oEieAn |.
created by Act No. 30 of the Gen Me- 90 a !,
sembly of 1896, as amended by act no: 90 70
the General Assembly of the year 1900 Is net
by authorized and empowered ana II l ss", .hr,
its duty to issue bonds not to excee % VI. ~
million five hundred thousand dollars t$o, 200
0O0.0o) in amount, dated January J. iSV