The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1918-10-26

That the proceeds OF the saie ~ Ali
bends. notes or certificates Of inaeot-
ednsss issued hereunder shall be used
flrst to pay fer the construction sno
sompletion Of the Chef Mcnteur Road
and bridges In the Parishes OF Orleans
and It, Tsmmany. State Of Louisiana
ana second. on and after rsssrving and
setting aside the amount necessary to
pay for the completion OF the Chef
Aenteur Road and for building all
necessary bridges therefor. to pay for
the construction OF the said public
highway from Hammond to New Or
leans. and the building Of all necessary
bridges therefor.
Section 2. Be 1t further enacted. etc.
That the Auditor of the State of Louisi.
ana shall keep a record OF all bonds.
notes or certificates Of indebtedness
sold or outstanding. and shall keep an
accurate account Of all such specially
dedicated funds.
session :: BE It further enacted. etc,
That the Board OF Liquidation Of the
State Debt Of the State OF Louisiana
shall let the privilege to become depos-
itery OF the special funds provided for
under this Act and said Board shall
havs the discretion to let such funds
under such terms and conditions as will
provide an advantageous negotiation Of
me bonds. notes or certificates Of in.
asstsdnsss sold. and provide always
principal and interest on such bonds,
notes or eertifieates of tndebtedpesa.
All funds collected under the Provisions
OF this Act which have been set apart
and dedicated to the said State Nigh
way Fund NO. 2. Chef Mentsur ana
Hammsnd-Nsw Orleans state High-
ways, or which may hereafter be set
apart or dedicated for the construction
and maintsnancs OF the above men,
toned Highways. and all funds arising
Of
certificates Of Indebtedness, shall be de-
posted with the Treasurer of the Statn
In special fund a. set forth, to be paid
cut as herein provided. and the Treas-
T. pay cut Of sail fund. ali interest
coupons due spon the said bonds. notes
Or certificates OF indebtedness issued
under the terms OF this Act, and all
bonds. notes or certificates OF indebt-
sdness becoming due hereunder
Sections. BE II further enacted. etc.
That the motor vehicle licenses from
The Parishes Of Jefferson. st. Charles,
81 John the Baptist. Tsngipahoa. 81.
Tamnany and Orleans. collected after
debtecness provided for in tits Act are
fully paid. principal and interest, and
after the highways shall have been
somDlsted with the funds dedicated for
parishes. and shall be paid into their
respective treasures in the same man
nsr a. new provided for under Act No.
ESQ Of the General Assembly OF the
State Of Louisiana for the year 1914.
and In the same manner as the said
motor vehicle licenses are turned ever
to thu other parishes OF this State. and
thereafter said parishes shall provide
out OF said fund no reverting to them
the proper maintenance Of said high.
ways; provided further. that any por.
ton Of the Special Read Tax Of one.
fourth OF orr mill on the dollar collect
ed under Article fs1 OF the Constitu.
ton OF 1914 from the Parish OF Orleans,
not act apart or dedicated. 70 the State
HiEhway Fund No: :. chef lfenteur and
New Orleans State High
Ways" at the expiration Of any fiscal
year shall revert to the state High
way Fund" as provided for in Act No.
~ Of the General Assembly az the STATE
Of Louisiana for the year 1910. and be
applied in auch manner as shall be now
~ hereafter provided BY law,
Section 10 Be It further enacted. Z
ptc. Teat all laws inoonsistant with or
n conflict with the proyisions OF this
Act or hereby repealed.
Section II. Re il further enacted
etc. That at the naxt COMPENSATORY
election to be held IN this State 81, the
'irst Tuesday altar the first Monday 81
he month OF November 1918. there sbsli
,e submitted to the electors OF the
;s q 10. wit wit ~'"s"''"e' ~ tns
The General Assembly shall provide
,is,ntenance Of the cbsP Mentsur sn3
hammond New Orleans state Hirh-
vays and shall provide. By bond Issue
r. otherwise. the financing Of the com
and completion az said high.
rays. And ali provisions II the Con-