Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1918-08-30


the boundary line between the states
of Louisiana and Mississippi. opposite.
or nearly opposite. to Logtown. in the
State OF Mississippi. which said road
has already been begun and contracted
for. 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 or may deem
wise to designate. to extend approx
mately parallel to the Illinois Central
Railroad from Hammond into New Or
leans. and in the construction OF the
necessary bridges upon said Highways
provided. that in the construction of
the said Hammond-New Orleans High
way no natural drain shall in any way
he in the least manner obstructed; and
provided further. that said Hammond
New Orleans Highway shall be provided
with culverts or other engineering out
let of passing the same volume OF
water as IL now passed or in the fu-
ture shall be passed by the culverts or
other engineering outlets in the road
bed Of the Illinois Central Railroad
parallel to said HammopdNew orleans
Highway.
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 Lou
3siana.
Section 2. BE il further enacted. etc,
That In order to provide funds for the
construction. completion and mainte-
nance of the above mentioned high
ways. the Secretary OF State from and
after the first day of January. 1919.
shall as soon after the collection as
practical. deposit with the State Treas
urer for the account or the Highway
Department OF the State Of Louisiana
all motor vehicle licenses collected I'M
der the provisions Of Act No. 260 Of
the General Assembly OF the State of
Louisiana for the year 1914. approved
July 3. 1914. from the Parishes of JEFF
ferson. st. Charles. st. John the Bap-
fist. Tangipahoa. st. Tammany and Or
1eans, all the licenses so collected shall
be paid by the State Treasurer into a
special fund to be known state
Highway Fund No. 2. chef Menteur and
Hsmmond-New Orleans State High
wayf': and in addition to the motor
vehicle licenses paid into said Stale
Highway Fund No. 2. Chef Menteur and
Hammond-N Orleans State High
ways" from the parishes above emu
merated, the State Treasurer shall like
wise pay into said fund such portion
or sufficient amount out OF the Special
Road Tax collected under Article 291 of
the Constitution OF the State of Lou
1siana of 1913 from the Parish of Or
leans as may be necessary to create and
maintain in said fund a sum OF Sixty
Thousand Dollars per year. which said
special fund is hereby set apart and
dedicated for the purpose OF paying any
and all contracts heretofore made and
hereafter to be made. and any and all
bonds. notes or certificates OF indebt-
edness made or issued by the Board of
Liquidation OF the State Debt Of the
State Of Louisiana to provide moneys
for the costs of constructing said high
ways.
Section 3. Be 1t further enacted. etc.
That in order to provide ready funds
for the payment of the contracts pro-
vided for in Section / Of this Act the
Board Of Liquidation OF the State Debt
of the State Of Louisiana shall have au-
thority to issue bonds. notes or certifi-
Gates Of indebtedness in anticipation of
licenses and revenues set apart and
dedicated to the said state Highway
Fund No. 2, Chef Menteur and Ham,
mond-New Orleans State Highways"
payable exclusively from the said spe-
eial fund, which said special fund Is
payment, principal and interest. Of any
bonds. notes or certificates of indebt-
edness.
Section 4. Be It further enacted, etc.
That the Board of Liquidation of the
State Debt of the State OF Louisiana
shall have power to borrow money for
the purposes OF financing the construc-
ton and completion OF the said Chef
Menteur and Hammond-New Orleans
Highways hereinabove referred to.
notes or certificates OF Indebted
ness In any amount not to ex-
eeed the sum Of Seven Hundred Thou
sand Dollars. In such sums and denom-
inations a. the said Board shall pre-
scribe. not less than Five Hundred Dol
lars each he raUistarad
notes or certificates OF Indebtedness, or
payable to bearer, as may be preferred
and shall be designated as Chef Men
teur and Hammond-New Orleans State
Highway Bonds. or Notes or Certifi-
Gates OF Indebtedness: that at the dis
erection OF said Board all or any part
or said bonds. notes or certificates Of
Indebtedness shall be payable from one
10 twenty years. Said bonds. notes or
certificates of Indebtedness may oon.
tain such provisions as may be deemed
ekpedient for registration in the name
OF the holder. or for the release there
OF from registration: shall bear interest
1T the rate not exceeding five per
centum per annum. payable at such
time or times as the Board may pre-
scribe and the place or places OF paw
ment of principal and interest shall be
fixed by the said Board. Said bonds.
notes or certificates OF indebtedness
shall be sold to the highest bidder at
thirty days advertisement by the Board
or Liquidation OF the State Debt of the
State or Louisiana In New Orleans. Chi
cago. and New York: and the money
arising from the sale thereof shall be
paid to the State Treasurer to the ac-
count OF the Highway Depa rtment Of
The state of Louisiana. and to the credit
Of the state Highway Fund No 2
Chef Menteur and Hammond Or
leans State Highways" and only paid
out on the warrant OF the State High
way Engineer approved by the Presj-
dent or the Board of State Engineers.
Bald bonds. notes or certificates OF in
debtedness shall be signed by the Gov
ernor. the Auditor and the Treasurer
OF the State. Any coupons attached
thereto shall bear the fac simile sigma
ture OF the Treasurer OF the State. ANY
bonds. notes or certificates of fndebt-
edness issued by virtue hereof. shall be
and are hereby declared to have the
qualities or negotiable paper under the
law merchant. and shall not be invalid
for any irregularity or defect in the
proceedings for the issue and sale
thereof. and shall be uncomfortable in
tho hands Of bona fide purchasers or
holders thereof. No proceedings in re-
epect to the issue of any such bonds.
notes or certificates OF Indebtedness
shall be necessary. except such as are
required by this Act
Section S. Be 1t further enacted. ETC..
.od' tne iuuus corrected annually and
directed to be set apar, and paid into
State Highway Fund No. 2. Chef Mem
teur and Hammond-New Orleans State
Highways" under the provisions of this
Act directed to be applied to the con-
struction of the said Chef Menteur and
Hammond-New Orleans State High
ways. are hereby pledged to pay the
principal and interest on said bonds.
notes or certificates OF indebtedness as
the same shall become due and payable.
and IL shall be the duty OF the Treas
urer OF the State of Louisiana to trans
fer from said State Highway Fund No.
:. Chef Menteur and Hammond New Or