Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-08-29

AoouOu hSA CuHucI, LIldI may nave Oeen
sold and delivered for the period of
one year ensuing, and to maintain
in said special accounts styled Estate
Highway Fund No. 2, Chef Menteur
and Hammond-New Orleans State
Highway Bonds, Interest and Re-
demption Account" at all times from
said source, a sum equal to one years
| principal and interest upon said
| bonds, notes or certificates of in
debtedness, and also sufficient to paw
all bonds, notes or certificates of in
debtedness issued hereunder which
shall become due and payable dur
ing the year ensuing. After anv
bonds, notes or certificates or in
debtedness authorized hereby shall
have been issued and delivered, no
part of said Estate Highway Fund
No. 2, 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. Tammahy, 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 the 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, |
Of IaI 4a,
sold, and provide always ready funds
for the payment of the principal and
interest on such bonds, notes or GER
tificates 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 |
Orleans State High I
ways" or which may hereafter be
set apart or dedicated for the con-f
struction and maintenance Of the
above mentioned highways, and all
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 I
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 4
debtedness issued under the terms of +
this Act, and all bonds, notes or GER
tificates of indebtedness becoming
due hereunder.
Section 9. 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 !,
-idcates of Indebtedness provided for
n this Act are fully paid and interest I
and after the highways shall have /
been completed with the funds dedi- f.
,ated for that purpose, shall then re-
vert to said Parishes, and shall be
1aid into their respective treasures :
n the same manner as now provided
.or under Act No. 260 of the Gen
eral Assembly of the State of Louisi-
ma for the year 1914, and in the
ame manner as the said motor We
llcle 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
PORTION of the Special Road Tax of
'ne-fourth of one mill on the dollar
under Article 291 of the
constitution of 1913 from the Parish
Il Orleans. not set apart or dedi-
ated to the Estate Highway Fund
70. 2, Chef Menteur and Hammond
Iew Orleans State Highways" at the
EXPIRATION Of any fiscal year shall re-
ert to the State Highway FUND.- as
provided for in Act No. 40 of the
General Assembly Of the State of
louisiana for the year 1910, and be
pplied in such manner as shall be
ow or hereafter provided by law.
Section To- Be it further enacted,
tc., That all laws inconsistent with
r IN conflict with the provisions of
als Act are hereby repealed.
Section H. Be it further enacted.
tc., That at the next Congressional
lection to be held in this State on
he first Tuesday after the first Mon