The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-09-21

funding Of said revenue into bonds
notes or certificates of indebtedness
to define the duties of the Board o.
Liquidation Of the State Debt of tbs
State Of Louisiana, the State Highway
Engineer, the State Treasurer, thu
Secretary of State and the State Aud
itor in connection Herewith; and te
provide for fiscal agent to whom the
funds shall be let for deposit; and ar
act whereas it is intended to have this
act ratified by an amendment to the
Constitution of the State.
Section l. Be it enacted by the Gen
eral Assembly Of the State Of Louis.-
ana, That the Highway Engineer Of the
State Of Louisiana Is hereby authorized
to let contracts for the construction and
completion of the Chef Menteu1 Road
commencing at Peoples Avenue, in the
Parish Of Orleans, and extending to a
place in the Parish Of St. Tammany al
the boundary line between the States OF
Louisiana and Mississippi, opposite, OF
nearly opposite, to Logtown, in the State
Fof Mississippi, which said road has al
ready been begun and contracted tor
and has been designated as a State
Highway by the Highway Department
Of the State Of Louisiana; and for the
construction Of all such bridges as may
be necessary for said road; and for the
construction and completion Of a model
State Highway, on such route as the
Highway Department Of the State OF
Louisiana has designated OF may deem
wise to designate, to extend approximate
ly parallel to the Illinois Central Rail
road from Hammond into New Orleans,
and in the construction of the necessary
bridges upon said highway; provided,
that in the construction of the said Ham
mond- New Orleans Highway 10 natural
drain shall in any way be in the least
manner obstructed; and provided turth-
er, that said Hammond-New Orleans
Highway shall be provided with culverts
or other engineering outlet OF passing
the same volume Of water as is now
passed OF in the future shall be passed
by the culverts Or other engineering out
let's in the roadbed of the Illinois Cen
trail Railroad parallel to said Hammond
New Orleans Highway. .t4 g.
That before any such contract is let
as herein provided, same shall be ap-
proved by the Board Of Liquidation OF
the State Debt Of the State Of Louisi-
ana. a ta Ht2 rt "di - =. ~ 4.
Section 2. Be it further enacted, ETC..
That in order to provide funds for the
construction, completion and mainte-
nance Of the above mentioned highways,
the Secretary Of State from and after
the first day Of January 1919, shall, as
soon after collection rs practicable, de-
posit7 with the Stats Treasurer for the
account Of the Highway Department Of
the State Of Louisiana all motor vehicle
iisensesa collected under the provisions
of Act No. 200 Of the General Assembly
Of the State Of Louisiana for the year
1914, approved July 9, 1914, from the
Parishes of dJeffe1son, St Charles, st.
John the Baptist, Tangipahoa, St Tam
many and Orleans, iand the licenses 50
collected shall b paid BY the State Treas
u1er into 1 special fund to be known As
Estate Highway Fund No. Q, Chef Men
teur and Hammond- Orleans State
Highways" end in addition to the motor
vehicle licenses paid into said Estate
Highway Fund No. 2, Chef Menteur and
Hammond New Orleans State Highway
from the Parishes shove enumerated, the
State Treasurer shall likewise pay into
said fund such portion or sufficient
amount out Of the Special Road Tax coll
lected under Article 2o1 of the Constitu-
ton Of the Ststs Of Louisiana of 1913
from the Parish Of Orleans ~ may be
Necessary to create and maintain in said
fund sum Of Sixty Thousand Dollars
per year, which said special fund is
hereby set3 apaft snd dedicated for the
purpose Of paying hany, and all contracts
heretofore made and hereafter to be
made, and any and all bonds, notes or
certificates Of Indebtedness msde or is
sued By the Board Of Liquidation Of the
State Debt u the State of Louisiana to
provide 1noneys for the costs Of con-
strueting said highwayAl frs
! Section 8. Be It further enacted ETC.,
That in order to provide ready funds for
the payment Of the contracts provided
for in Section ofthiso Act, the Board
Of Liquidation Of the State Debt Of the
Safe Of Louisiana shall have authority to
issue bonds, notes Or certificates Of in
debtedness in anticipation Of the collec-
ton ana receipt q the taxes, licenses
and revenues ct apart and dedicated to
the. said Estate Highway Fund No. 2,
Chef Mentsur. and Hamuend-New Or,
leans State sHighways," paysble *
clusively from the said special fund,
which said special fund il hereby set
apart and dedicated to. the payment,
principal, and interest, Of any, bonds,
notes or certifcates Of indebtedness. Z
j Section 4. Be it further enacted, etc,
That the Board Of Liquidation Of t he
State Debt Of the State Of Louisiana shall
have power to borrow money fof the
purposes of financing the, construction
and completion Of the said Chef Men
teur and Hammond New Orleans High
ways. hereinabove referred to, and to
that end may issue bonds, notes OF cer--.
tificstes Of indebtedness in any amount
not to exceed the sam Of Seven Hundred
Thousand Dollars, in such sums and de-,
nominations - the said Board shall
prescribe, mot less than Five Hundred
Dollars each, may be registered bonds,
notes or certificates Of indebtedness or
PAYABLE to- bearer, u, may be preferred,
and shall be designated % Chef Menteur
al I1~m~nnd.New 0rlpans State Hiuh-