The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-08-29

account. out of the first funds collct ted
and received for the said State Highway
rune FUND NJ. :. thef Menteur and Hammond
ficient to pay tie principal and interest
upon any bonds. notes or certificates Of in
debtedness issued hereunder. that may nave
one year ensuing. and to maintain in said
special accounts styled State Highway
fund No = chef Mcnteur and Hammond
est and Redemption Account at al times
from said source. Il sum equal to one years
principal and interest upon the said bonds.
notes or certificates of Indebtedness and
also sufficient to pay ali bonds notes or
certificates Of Indebtedness issued hereun-
DER which shall become due and payable
during the year next ensuing After any
bonds. notes or certificates Of Indebtedness
authorized hereby shall have been issued
and delivered, no part of said : State High
mond-New Orleans State Highways" shall
be applied to any of the purposes authoriz-
cd herein until the said State Highway
Fund No. ?. chef Menteur and Hammond
New Orleans State Highway Bonds, Inter
est and Redemption Account shall have
been created, and the State Treasurer shall
have transferred into ii the funds hereby
directed to be transferred.
Sec. @. BE 1t further enacted ETC. That
the proceeds of the sale of all bonds notes
or certificates Of Indebtedness issued here
under shall BIZ used first to pay for the con
struetion and completion of the chef Men
teur Road. and bridges in the parishes of
Orleans and st. Tammany, State of Louis
lana. and second, on and after rcserviny
| and setting aside the amount necessary to
pay for the completion Of the Chef Men
tour Road and for building all necessary
Of sd to pay or the fc
| mond to New Orleans. and the building Of
all necessary bridges therefor
See. Z. BE 1t further enacted, etc, That
| Keep record OF all bonds, notes or certi-
fitates Of Indebtedness sold or outstanding
| anu shall Keep an accurate account of all
| such specially definite funds.
Sec. s. Ec it further enacted, etc, That
| the Board of Liquidation of the State Debt
| of the State of Louisiana shall let the priv
iiege to become depository of the special
fudds provided for under this act and said
| Board shall have the discretion to let such
funds under such terms and conditions as
Will provide an advantageous negotiation Of
| ness sold, and provide always ready funds
for the payment of the principal and in
tcrest on such bonds, notes or certificates
Of indebtcdness. All funds collected undei'
the provisions Of this act. which have been
set apart and dedicated to the said 8 Stat"
Highway Fund No. ,. Chef Menteur an .
| iIammond-Nrw Orleans State HIGHWAYS
or which may hereafter be set apart
dedicated for the construction and maintt
nance Of the above mentioned highway
and all funds arising from the sale Of ssli /
bonds, notes or certificates of indebtedness.
shall be deposited with the Treasurer Z
the State in q special fund as set forth. I /,
/ Dc pstlu out us nereln PROVIDED, ana TIE
Treasurer Of the State is hereby authorize |
to pay out of said fund all interest coupor
due upon said bonds, notes or certificates OF
indebtedness issued under the terms Of tf'i.
act. and all bonds, notes or certificates
| Indebtedness becoming due hereunder.
Sec. 3. Be ii further enacted. etc. Th
the motor, motor vehicle licenses from the parish
fist, Tangipahoa. st. Tammany and
leans. collected after the bonds notes , y
certificates Of Indebtedness provided for
terss e. and after tbs Sgwayap Shall dnd ba
been completed with the funds dedicated y
| that purpose, shall then revert to said par
ishes and shall be paid into their resp. e.
| provided for under Act No. $50 Of the &c,
cral Assembly Of the State Of Louisiana
the year l9l4, and IN the same manner
over to the other parishes of this State, a
thereafter said parishes shall provide
Of sad 20 rcv Ssd to them
rided further, that any portion Of -
special road tax Of one-fourth Of one N
on the dollar collected under Article 291 =.
the Constitution of 1913 from the Parish
Orleans not set apart or dedicated to &
State Highway Fund No. ,. Chef Mcntc
and IIammondNew Orleans State Higr
! shall revert to the State Highway Fund,
9 as provided for in Act No. ~ Of the Gen
,, cral Assembly Of the State of I.ouisiar'
! for the year 1910. and be applied in sur
manner ms shall be now or hereafter pr
t vidcd by law
:. Sec 10. BE it further enacted, etc, TIL,
= all laws inconsistent with or In tonflis
I with the provisions OF this act are bcrcl
!, repealed.
Sec. IL. Be II further enacted, etc. The
I in this State. on the first Tuesday after til
4 first Monday of the month of November
e 1913. there shall By submitted to the elect
ors OF the state the following amendmen
e The General Assembly shall provide 10
the laying our. construction and mainte
;. nance Of the Chef Mcnteur and Hammond
vide, by bond issue or otherwise. the 6nant
:. Ing Of the construction and completion o
= said highways. And all provisions Of tn
Il Constitution in conflict herewith are to thi
: extent repealed and Act No. or the Extr
Session Of the General assembly Of tn
e state OF Louisiana for the year 1918. On
e titled An act to provide for the laying ont
n construction and maintenance of the Che
Menttur and llammond-New Orleans Stat
q Highways, ETC., ETC., Is ratified and III
a proved.
O. Scc1o Be It further enacted ctc. Tha
n on the official ballots to be used In sal
50 election, shall he placed the words, : Fc
E. the amendment providing for the layfn
out. construction and maintenance Of tn
1t Chef Menteur and Ilammond-Ncw Orlcan
L. State Highways, and the words "Agains
IL the amendment providing for tic .ayin
ir ont. construction and maintenance Of I'll
u Chef Mentcur and Hammond-Ncw Oriear
I, State Highways, and cat.i eicctOr shall Ii
TO dlcafe MIS- vote on the proposed amenamcI
lr ms provided by the General Assembly
h. this State.
n HEWITT ROrASCHAUp,
OF Speaker of the House of Representative
ne FERNAxD MOTION.
III Lieutenant Governor and President of Il
t. Senate.
y Approved: August ~, 1918.
~ X. q. PLEASANT,
rn oi - ~ ''"'' = ''"u
ef 4 true copy.
~. EIn,yrr