Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-10-17

one year ensuing, ana 70 MAINTAIN
in said special accounts styled "Statl
Highway Fund No. 2, Chef Menteu
and Hammond New Orleans Stat
i Highway Bonds, Interest and Re
i demption Account" at all times from
said source, sum equal to one year.
i principal and interest upon sait
bonds, notes or certificates of in
debtedness, and also sufficient to pay
all bonds, notes or certificates Of in
debtedness issued hereunder which
shall become due and payable dur
ing the year ensuing. After any
bonds, notes or certificates or in,
| debtedness authorized hereby shall
have been issued and delivered, nj
part of said State Highway Fune
No. q, Chef Menteur and Hammond.
New Orleans State Highways" shall
be applied to any of the purposes
authorized herein until the said
State Highway Fund No. 2, Chef
Menteur and Hammond New Orleans
State Highway Bonds, Interest and
Redemption Account shall have been
created, and the State Treasurer shall
have transferred into it, the funds
hereby directed to be transferred.
Section 6. Be it further enacted,
ETC., That the proceeds of the sale
of all bonds, notes or certificates of
! Indebtedness issued hereunder shall
be used first to pay for the construc-
ton and completion of the Chef Men
teur Road and bridges in the Parishes
of Orleans and st. Tammany, State
of Louisiana, and second, on and aft
er reserving and setting aside the
amount necessary to pay for the COM
pletion of the Chef Menteur Road
and for building all necessary bridges
therefor, to pay for the construction
of the said public highway from
Hammond to New Orleans, and the
building of all necessary bridges
therefor.
Section Z. Be it further enacted,
ETC., That the Auditor of the State
of Louisiana shall keep a record of
all bonds, notes or certificates of in
debtedness sold or outstanding, and
shall keep an accurate account of all
such specially dedicated funds.
Section 8. Be it further enacted,
ETC., That the Board of Liquidation
of tile State Debt of the State Of
Louisiana shall let the privilege to be-
come depository of the special funds
provided for under this Act and said
Board shall have the discretion to let
such funds under such terms and con-
ditions as will provide an advan-
tageous negotiation of the bonds,
notes or certificates of indebtedness
sold, and provide always ready funds
for the payment of the principal and
interest on such bonds, notes or GER
tiicates of indebtedness. All funds
collected under the provisions of this
Act, which have been set apart and
dedicated to the said Estate Highway
Fund No. 2, Chef Menteur and
Hammond-New Orleans State High
ways or which may hereafter be
set apart or dedicated for the con-
struction and maintenance of the
above mentioned highways, and alt
funds arising from the sale of said
bonds, notes or certificates of in
debtedness, shall be deposited with
the Treasurer of the State in a spe-
cial fund as set forth, to be paid
out as herein provided, and the
Treasurer of the State is hereby au- /
thorized to pay out of said fund, all
interest coupons due upon the said /
bonds, notes or certificates of in
debtedness issued under the terms OF
this Act, and all bonds, notes or GER
tificates of Indebtedness becoming +
due hereunder.
Section 8. Be it further enacted.
ETC., That the motor vehicle licenses
from the Parishes Of Jefferson, st.
Charles, st. John the Baptist, Tangi-
oahoa, st. Tammany and Orleans, col
ected after the bonds, notes or GER
.ificates of Indebtedness provided fori
n this Act are fully paid and interest
md after the highways shall have
been completed with the funds dedi-
lated for that purpose, shall then re-
1eft to said Parishes, and shall be
'aid into their respective treasures
n the same manner as now provided
or under Act No. 26O of the Cen
raj Assembly of the State Of Lotisi- !.
ina for the year 1914, and in the
anne manner as the said motor We
licie licenses are turned over to the
,ther Parishes of this State, and
hereafter said Parishes shall provide ;
tut of said funds so reverting to
hem the proper maintenance Of said
highways; provided further, that any
'ortion of the Special Road Tax Of
'ne-fourth of one mill on the dollar
objected under Article 291 of the
Constitution Of 1918 from the Parish |
i Orleans, not set apart or dedi- ,
ated to the Estate Highway Fund
70. 2, Chef Menteur and Hammond
Jew Orleans State Highways" at the
expiration Of any fiscal year shall re-
'ert to the State Highway FUND.- as I
provided for in Act No. 10 Of the
General Assembly of the State OF
4ouisiana for the year 1910, and be
pplied in such manner as shall be
Low or hereafter provided by law.
Section 10. Be it further enacted.
tc., That all laws inconsistent with Is
+ In conflict with the provisions Of
his Act are hereby repealed.
Section IL. Be it further enacted
tc., That at the next Congressional j
lection to be held in this State On
he first Tuesday after the first Mon
az of the month of November, 1918. +
here shall be submitted to the cleo
Il n =