The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1918-10-26


EMenteur and Hammond New Orleans
Estate Highway Bonds, Interest and Re-
Ademptton Account shall have been ere
lated, and the State Treasurer shall have
transferred into it, the funds hereby di-
reeted to be transferred. ~
Section 6. Be it further enacted, ETC.,
That the proceeds of the sale Of all bonds
notes or certificates of indebtedness is
for the construction al completion of
the Parishes of o ms md ST. Tam
on and after reservl ,and setting aside
the amount necessary to pay for the
completion 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 orleanA and the building of all
necessary bridS therefor.
Section q b 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 ac-
| curate account of all such specially dedi-
tcated funds.
4 u,
That the Board of Liquidation of the
State Debt of the State of Louisiana
shall let the privilege to become deposit
tory of the special funds provided for
under this Act and said Board 0hall have
the discretion to let such funds under
such terms and conditions as will pro-
vide an advantageous negotiation of the
bonds, notes or certificates of indebted
edness sold, and provide always ready
funds for the payment of the principal
and interest on such bonds, notes or Ger
tifeates of Indebtedness. All funds col
iected under the provisions Of this Act,
which have been set apart and dedicat-
| ed ito the said Estate Highway Fund
No. 2, Chef Menteur and Hammond New
Orleans State Highways" or which may
hereafter be set apart or dedicated for
the construction and maintenance OF the
above mentioned highways, and all funds
arising from the sale Of said bonds,
notes or certificates of Indebtedness,
shall be deposited with the Treasurer Of
the State in a special fund as set forth
to be paid out as herein provided, and
the Treasurer of the State is hereby
authorized to pay out of said fund. all
interest coupons due upon the said bonds,
notes or certificates Of Indebtedness is
sued under the terms of this Act, and
all bonds, notes Of certificates Of indebt-
edness 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, Tangipahoa. st. Tam
many and Orleans, collected after the
bonds, notes or certificates OF inhabited
ness provided for in this Act are fully
paid, principal and interest,", and after
the highways shall have been complet-
IefI Will The funds dedicated for that
purpose, shall then revert 10 said par
ishes. and shall be paid into their re
srective treasures III the same manner
as now provided for under Act No. $50
! OF the General Assembly 81 the state of
Louisiana for the year 1914. and In the
same manner as the said motor vehicle
licenses are turned over to the other
Parishes Of this State, and thereafter
said Parishes shall provide out Of said
funds SO rcverting to them fne proper
maintenance Of said highways; provid-
ed further, that any portion Of the Spec
ial Road Tax of one fourth OF one mill
on the dollar collected under Article
2a1 Of the Constitution Of 1918 from tn
Parish Of Orleans, not set apart or dedi
Gated to the State Highway Fund, No
2, Chef Menteur and Hammond-New Or.
leans State HIGHWAYS, at the expira-
ton of any fiscal year shall revert to
the State Highway Fund as provided
for in Act No. 40 OF the General Assem-
bly, of the State of Louisiana for the
year 1910, and be applied in such man
ner as shall be now or hereafter pro-
vided by law.
Section To- Be it further enacted, etc.
That all laws inconsistent with or In
conflict with the provisions of this Act
are hereby repealed.
Section H. Be it further enacted etc.
That at the next Congressional election
to be held in this State on the first
Tuesday after the first Monday of the
month of November, 1918, there shall
be submitted to the electors of the State
the following amendment to the Consti
tuition, to-wit:
The General Assembly shall provide
for the laying out. construction and
maintenance of the Chef Menteur and
Hammond New Orleans State Highways
and shall provide, by bond issue or other
wise, the financing of the construction
and completion of said highways. And
all provisions of the Constitution in con-
ftict herewith are to this extent repealed,
and Act No of the Extra Session Of
the General Assembly of the State Of
Louisiana for the year 1915. entitled IAN
Act to llbyide for the laying out, con
struetio1 end maintenance Of the Chef
Menteu and Hammond-New Orleans
State highways, etc. etc. is ratified
and approved. 5 IT'S
Section ~. Be it further enacted. etc,
That on the official ballots to be used
in said election, shall be placed the
words, For the Amendment providing
for the layiA out, construction and main
tenanee of q Chef Menteur and Ham
=mond- New klaaps State Highways. :