The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-10-10
SPECIAL SESSION, 1918.

SPECIAL SESSION, 1918.
ACT No. IS.
House Bill No. 81 BY Mr.. Alexander.
AN ACT
To provide for the laying out, construction
and maintenance of the Chef Menteur
and IIammond-Ncw Orleans State High
ways; to provide Il revenue for carrying
cut the Objet is and purposes of this act
to authorize the funding of said revenue
into bonds, notes or certificates of in
debtedness: to define the duties OF the
Hoard OF Liquidation Of the State Debt
OF the State of Louisiana, the State High
way Engineer, the State Treasurer, the
Secretary Of State and the State Auditor
in connection Herewith: and to provide
for a fiscal agent to whom the funds
shall be let for deposit: and an act
whereas it is intended to have this act
ratified BY an amendment to the Con-
stitutiOn Of the State.
assembly of the State of Louisiana, That
the Highway Engineer Of the State of Lou
lsl:an; Is hereby authorized to let contracts
for the constru6 ton and completion of the
chef Menteur Road, commencing at I'co-
pies Avenue, in the Parish Of Orleans, and
xtend1ng to place in the Parish of st.
Iammany at the boundary line between the
States Of Louisiana and Mississippi, oppo-
site, or nearly opposite. to Logtown, in the
State of Mississippi. which said road has
already been begun and contracted for, and
the Highway Department Of the State Of
Louisiana and for the construction of all
such bridges as may be necessary for said
road and for the construction and com
pletion of Il model State highway, on such
route as the Highway Department of the
State of Louisiana has designated of may
deem wise to designate, to extend approx
mately parallel to the Illinois Central Rail-
road from Hammond into New Orleans. and
in the .onstru, ton Of tho necessary bridges
upon said highway: provided, that in the
COnstrnt ton of the said Hammond New
orleans Highway no natural drain shall in
any way he in the least manner obstructed !:
and provided further. that said Hammond
New Orleans Highway shall be provided
with culvcrtS or other engineering outlet Of
passing the same volume of water as Ii
now passed or in the future shall be passed
by the culverts or other engineering out
lets in the rOadbed of the Illinois Central
Railroad parallel to said Hammond New
Orleans Highway.
That before any such contract is let as
herein provided, same shall be approved by
| the Board Of Liquidation Of the State Debt
Of the State Of Louisiana.
Sec. ,. Be 1t further enacted, etc, That
| in order to provide funds for the oonstruc-
ton, completion and maintenance of the
CT State from and after the 1st day of
January, 1919. shall, as soon after collcc-
ton as practicable. deposit with the State
Department Of the State OF Louisiana ali
| motor vehicle licenses collected under the
I provisions of Act No. 2GO of the General
Assembly of the State oof Louisiana for the
year 1914, approved July .. 1914. from the
parishes Of Jefferson, st. Charles, st. John
the Baptist, Tangipahoa. st. Tammany and
Orleans, and the licenses so collected shall
be paid by the State Treasurer into Il spec
ial fund to be known as :. State Highway
Fund No. =. Chef Menteur and Hammond
New Orleans State Highways: and in ad.
into. said State Highway Fund No >
chef Menteur and Hammond-Ncw Orleans
State Highways" from the parishes above
| enumerated, the State Treasurer shall like.
wise pay into said fund such portion OF
| sufficient amount out Of the special road
| tax collected under Article 291 of the Con.
stitution Of the State of Louisiana of 1913
| from the Parish Of Orleans as may be nee
cssary to create and maintain in said fund
Il sum OfO Sixty Thousand Dollars per year
which said special fund is hereby set apart
! and dedicated for tho. purpose of paying
any and all contracts heretofore made and
hereafter to be made, and any and all
bonds, notes or certificates of Indebtedness
made or issued by the Board of Liquidation
of the state Debt of the State of Louisiana
to provide moneys for the costs of con
structing said highways.
Sec. 3. Be it further enacted, etc, That
In order to provide, ready funds for the pay
ment OF the contracts provided for In Sec
tion of this act. the Board of Liquidation
of the State Debt Of the State of LouisianI
shall have authority to issue bonds. notes
tiop of the collection and receipt Of tn,
\ tayts, licenses and revenues set apart ant
i dcdit ated to the said " State Highway Funt
Nos :. Chef Mentcur and IIammond-Ncv
Orleans State, Highways" payable cxclu
siyely from the said special fund, which
said special fund is hereby set apart ant
dedicated to the payment, principal and In
terest. OF any bonds. notes or certificates o.
Indebtedness.
Sec. 4. Be 1t further enacted, etc, THAI
the Board OF Liquidation of the State Deb
of the State of Louisiana shall have power
n hAR fnr
Ing the construction and completion of til,
said Chef Menteur and Hammond-Ncw Or
leans Highways hcreinabove referred to
certificates Of Indebtedness in any. amour
not to exceed the sum Of Seven Hundred
Thousand Dollars, in such sums and dc
nominations as the said board shall pre-
scribe. not less than Five Hundred Dollar
each. may be registered bonds, notes or Ger
ttieates Of indebtedness. or payable t,
bearer. ms may be preferred, and shall BY
New Orleans State Highway Bonds o
Notes or Ccrtifit atcs OF Indebtedness that
at the discretion of said board all or an
t sa e e notes y Gr efrtctes
twenty years. Said bonds, notes or cert
fieates of Indebtedness may contain sucl
provisions as may be deemed expedicnt TO
registration in the name of the holder, o
for the release thereof from registration
shall bear interest ut Il rate not cxccedin
I'VE per ccntum per annum. payable mt sue
|
and the place or places Of payment Of prin
tipal and interest shall be fixed by the sal
board. Said bonds, notes or certificates O
indebtedness shall be sold to the highes
bidder ut public sale at not less than PAL
after thirty days advertisement by til
Board of Liquidation Of the State Debt q
! the State Of Louisiana, In New orlean,
arising from the sale thereof shall be- PAL
to the State Treasurer, to the account q
the Highway Department Of thu. state q
Louisiana. and to the credit of the g Stat
/ Highway Fund No. 2, Chef Mentcur nm
, and only paid ont on the warrant OF til
. State Highway Engineer. approved by til
President Of the Board of State Engineer,
Said bonds, notes or certificates of indeb
, edncss shall be signed by the Governor. tn
! Auditor and the Treasurer of the Stat,
ANY coupons attached thereto shall bear til
fac simiic signature Of the Treasurer
the State. Any bonds. notes or certificate
r shall be and are hereby declared to hay
the qualities of negotiable paper under til
: law merchant, and shall not be invalid K
any irregularity or defect in the procec,
t ings for the issue and sale thereof, nm
shall be fncOntestablc in the hands OF bon
/ fde purchasers or holders thereof No pr
: eccdtngs In respect to the issue Of any sue
! bonds. notes or certificates Of indebtednc.
r guircd by this act.
;. See. ). Be it further enacted, etc. TIL;
!. that the funds collected annually and d
i rectcd to be set apart and paid into Il
t and IlammOndNew Orleans State lIig
ways. under the provisions of this nc
G and by this act directed to be applied
/. the construction of the said Chef Mente,
/ ways. are hereby pledged to pay the pr
!. cipal and interest on said bonds, notes
/: dcrtfft ates of Indebtedness as the san
d shall become due and payable, and it slla
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