Lower coast gazette., 1909-05-22

motion duly seconded, Chief Engineer
Kerr was asked to lay before the Com
mission the special needs Of this Board
and to explain the peculiar conditions
existing in this District.
Major Kerr stated that he had appear
ed before the Commission at Vicksburg
and had called their special attention to
the peculiar conditions existing on the
lower coast, that he would again ap-
pear before them in the interest of this
Board when they met here.
Engineer Monget reported the levee
lines holding out we'll and in good con-
dition, and submitted the following
figures to show the height of the levees
throughout the District: ll.4 miles less
than one foot above high water; 1874
miles less than two feet above high
water; ILL., miles kss than three feet
above high water; A.3 miles above
high water or, above grade.
On motion Of MI. Jonah, duly second
ed by Mr.. Bourg, the following was
adopted: Be it resolved by the Board
of Commissioners for the Lake Borgne
BASIN Levee District, that John Dy-
mond, President of this Board is au.
thorized to enter into a contract with
Canal Louisiana Bank & Trust Co., for
the loan Of a sum not TO exceed ten
thousand dollars. ($10, 600. COY.
The Board shall Issue its warrants
for the sundry expenses and the amounts
advanced by the said Bank shall bear
8 per cent. per annum interest from
the date of ~issueance until the war
rants are paid by the State Treasurer.
The Board shall issue to the bank its
warrants representing the accumulated
interest when the warrants are for
warded for collection.
The bank shall agree to cash these
warrants at their face value. carrying
them until such date as this Board shall
advise the bank that there has accu-
mulated in the State Treasury at Baton
Rouge funds sufficient to meet the
warrants, the bank earning its profits
by the interest accrueing upon said
warrants.
The Board shall issue its warrants as
its needs may require to the extent of
ten-thousand dollars $50, 000. 00), and
shall not issue any other warrants upon
the State Treasury, except those which
are cashed by the Canal Louisiana Bank
& Trust Co., and except such warrants
as may be necessary to pay the interest
on the bonds already issued.
Be It further resolved etc., that this
Board pledges to the said Canal Loutsi-
ana Bank e. Trust Co., to secure the
payment of the aforesaid warrants
cashed by the said bank, its revenues
arising from taxation of the year 1909,
and in the event that the said revenues
are insufficient for any reason to cash
the warrants herein issued, that the
revenues of the year 1910 to such an
extent as may be necessary, are here
by pledged for said purpose.
Be it further resolved, that the Pres
ident of this Board shall sign the writ.
ten documents necessary to carry this
contract into effect, aud agree to such
details as the progress of the business
may show to be necessary.
Inspector Nunez submitted his report
showing the levees in his section in
good condition and detailing the work
done since his last report.
The Secretary read a list Of a war
rants issued since his last report, 49,
gregating the sum of sSl00.06.
On motion duly seconded. the pay
ments were approved as read.
The Secretary submitted the follow
ing report:
Apparent balance at last
report 1850 u
Receipts since last report
St. Bernard $ll4.2S, Pla.
quemines $Sl2.So; Re-
lease Of Shutdown Island
$500; 3246.W
$ 1886 Is
Forty-four warrants issued
since last report 500 %
Apparent balance 1886 q
There being no further business the
Board adjourned.
FERNANDO ESTOPINAL.
Secretary Board of Commissioners for
the Lake Borgne Basin Levee District.
Too Much Proof.
District Attorney Jerome, at din*
ner in New York, told , story about
honesty.
There was = man." he said, who
applied for . positisn in . dry goods
house. His appearance wasn't prepo-
.o..;r0 md references were demanded.