The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-09-19


Account out of the first funds collected
and received for the said +" State Highway
kund No :, chef Mentcur and Hammond
New orleans State Highways" il sum suf-
hcient to pay the principal and interest
upon any bonds, notes or certificates of in
dcbtedness issued hereunder, that may have
been sold and delivered for the period of
one year ensuing. and to maintain in said
special accounts styled State Highway
Fund No. :, Chef Menteur and Hammond
New Orleans State Highway Bonds, Inter
est and Redemption Account ut all times
IRON said source. sum equal to one years
pflnclpai and interest upon the said bonds
notes or certificates Of indebtedness, and
also sufflcicnt to pay all bonds, notes or
dcrtinGatrs OF Indebtedness issued hercun-
during the year next ensuing After any
bonds, notes or certificates of Indebtedness
authorized hereby shall have been issued
ana d Mav no part Of said State High
mond-New Orleans State Highways shall
be applied to any Of the purposes authoriz-
60 herein until the said = State Highway
Euhd NO. :, chef Menteur and Hammond
New Orleans State Highway Bonds. Inter-
est and Redemption Account shall have
b br.i created. and the State Treasurer shall
directed to be transferred
Sec. y. BE It further enacted, etc, That
the proceeds OF the sale of all bonds notes
or certificates Of Indebtedness issued here
under shall be used first to pay for tho con-
struction and completion of the Chef Men.
I n ROAD and bridges. in the parishes of
orieans and st. Tammany, State of Louis
ANA anu second, on and after reserving
anu scttlng aside the amount necessary TO
pay for the completion of the Chef Men
tour Road and for building all necessary
bridges Ii therefor, to pay for the constrmc-
mond to New Orleans, and the building af
all necessary bridges therefor.
-, Sec &: BE 1t further enacted, etc., That
tne Auditor OF the State of Louisiana shall
all
hcates of Indebtedness sold or outstanding
ana shall keep an accurate account of nli
such specially definite funds.
Sec. q. Be 1t further enacted, etc. That
q the State of Louisiana shall let the nriy.
liege to become depository Of the snecial
Iudds provided for under this act and said
n f snail have the discretion to let such
IunuS under such terms and conditions MS
VIII provide an advantageous negotiation of
tae bonds. notes or certificates Of indebted.
ness mes sold. and provide always ready funds
tcrcst on such bonds, notes Or ccrtificatas
81 indebtedness. All funds collected unde,
the provisions OF this act, which have been
~ sr apaft and dedicated to the said State
Highway Fund No. 2, Chef Menteur and
iiammond-New Orleans State HIGHWAYS"
or which may hereafter be set anart a..
dedicated Tor the construction and maintc-
and all funds arising from the sale Of sill
ponds, notes or certificates of indebtedness
shall te deposited with the Treasurer
tne STATE IN special fund as set forth, t,
DC PAID out as herein provided, and tn
Treasurer of the State Is hereby authorized
to pay out of said fund all interest common !.
que upon safd bonds. notes or certificates g :,
indebtedness issued under the terms of mi .
act, and all bonds, notes or certificates { !:
Indebtedness becoming due hereunder.
Sec y. Be 1t further enacted. ETC., The
~ a M9,or venice licenses from the parishes
tfst, TangfpahOa. st. Tammany and Oi
lrans collected after the bonds. notes a..
essftiiicates OF Indebtedness provided for in
tcrcst. and after the highways shall have
Deen completed with the funds dedicated To-
that purpose, shall then revert to said mar
i i;i and shall be- paid into their respce-
i've treasures In the same manner as no.
provided for under Act No. 26O Of the Ger
eral Assembly of the State Of Louisiana n
me year IDA, and in the same manner
the said motor vehicle licenses are tnrnc,
over to the other parishes Of this State. an
thereafter said parishes shall provide on
OF said funds SO reverting to them tn :,
vtIsr fnr,. OF said highways pr,
special road tax Of one-fourth Of one mil
on the dollar collected under Article POI az
the Constitution OF 1918 from the Parish d
" State Highway Fund No. ,, Chef Mentcm,
and Hammond-New Orleans State High
Ways ut the expiration of any fiscal yea
as provided for in Act 10. 40 of the " Cen.
eral Assembly Of the State of Louisiana
s1or the year 1910. and be applied i'm such
manner II,a ~ shall be now or hereafter pro.
Sec. TO-. BE It further enacted, etc. Thar
81! laws inconsistent with or in confiict
with the provisions of this act are hereby
Sec. IL. Be it further enacted etc. That
at the next congressional election to be held
In this State, on the first Tuesday after the
n ,rI Monday OF the month Of November,
y tas.s pl,r,,f ttx,I -
ors OF the State the following amendment
70 the Constitution, to-wit:
me General Assembly shall provide for
the laying out. construction and maintr-
nance of the Chef Mcnteur and Hammond
New Orleans State Highways and shall pro-
v1dc. by bond issue or otherwise, the inanc-
ing OF the construction and completion of
said highways. And all provisions Of the
Constitution In conflict herewith are to this
extent repealed. and Act No. OF the Extra
Session Of the General Assembly OF the
titled An act to provide for the laying out,
construction and maintenance Of the Chef
Mcnttur and HammOnd-Ncw Orleans State
highways, etc.. etc., IL ratified aud APP
See. IL. Be 1t further enacted. etc. That
| on the official ballots to bc used in said
election, shall he placed the words, For
the amendment providing for the laying
ont. construction and maintenance Of tho
thief Mcnteur and IIamm0nd-New ORLEANS
state Highways, and the words against
'hc "meHuHieHt pFOViulng Tor the aging
out, construction and maintenance Of the
| Chef Menteur and ITammond-N New Orleans
| State Highways. and eacl eicctor shall in
dictate his vote on the proposed amendment
as provided by the General Assembly OF
| this State.
| HEWITT HOUANcHArD,
| Speaker of the House Of Representatives
| FERNAND MORTON
| Lieutenant Governor and President Of tho
Senate.
| Approved: August II, 1918
| Il. q. PLEASANT.
| Governor of the State of Louisiana
/ \ true copy:
i