The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-08-31

Liquidation OF the state Uebt OF the
State of Louisiana, the State Highway
i Engineer, the State Treasurer, the
Secretary of State and the State Aud
itor in connection Herewith; and to
provide for fiscal agent to whom the
funds shall be let for deposit; and an
act whereas it is intended to have this
act ratified by an amendment to the
Constitution of the State.
Section /. Be it enacted by the Cen
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 Menteur Road,
commencing at Peoples Avenue, in the
Parish Of Orleans, and extending to a
place in the Parish Of St. Tammany at
the boundary line between the States of
Louisiana and Mississippi, opposite, OF
nearly opposite, to Logtown, in the State
of Mississippi, which said road has al
ready been begun and contracted for,
and has been designated as 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 no natural
drain shall in any way be in the least
manner obstructed; and provided furth-
er, that said Hammond-New Orleans
Highway shall be provided with culverts
OF other engineering outlet Of passing
the same volume Of water as is now
passed or in the future shall be passed
by the culve1ts or other engineering out
lets in the .oadbed Of the Illinois Cen
trail Railroad parallel to said Hammond
New 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 Louisi-
ana.
Section T. Be it further enacted, ETC.,
That in order to provide funds fof 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 as practicable, de-
post with the State Treasurer for the
account Of the Highway Department Of
the State of Louisiana all motor vehicle
lisenses collected under the provisions
of Act No. $50 of the General Assembly
of the State of Louisiana for the year
1914, approved July 9, 1914, from the
Parishes Of Jefferson, st. Charles, St.
John the Baptist, Tangipahoa, St. Tam
many and Orleans, and the licenses so
collected shall be paid by the State Treas
u.er into a special fund to be known as
Estate Highway Fund No. 2, Chef Men
teur and Hammond-New Orleans State
Highways" md in addition to the motor
vehicle licenses paid into 0id Estate
Highway Fund No. 2, Chef Menteur and
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 col
lected under Article 291 Of the Constitu-
ton Of the State of Louisiana of 1913
from the Parish Of Orleans IS may be
necessary to create and maintain in said
fund q sum of Sixty Thousand Dollars
pef year, which said special fund is
hefeby set apart and dedicated for the
pukpose Of paying any and all contracts
bsvetofore made and hereafter to be
mdde. and any and all bonds, notes or
certificates Of indebtedness made or 10
sud- by the Board Of Liquidation Of the
State Debt Of the State of Louisiana to
provide moneys for the costs Of con-
structing said highways
Section 3. Be it further enacted etc.,
That in order to provide ready funds for
the payment Of the contracts provided
for in Section l ofthis 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 and receipt of the taxes, licenses
and revenues set apart and dedicated to
the said Estate Highway Fund No. 2,
Chef Menteur and Hammond-New Or
leans State Highways" payable d.
clusively from the said special fund,
which said special fund is hereby set
apart and dedicated to the payment,
principal and interest, Of any bonds,
notes or certificates Of indebtedness.
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 for 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 or Ger
tificates of indebtedness in any amount
not to exceed the sum of Seven Hundred
thousand Dollars, in such sums and de-
nominations ~ the said Board shall
prescribe, not less than Five Hundred
Dollars each, may be registered bonds,
notes OF certificates of indebtedness or
payable to bearer, - may be preferred,
and shall be designated IS Chef Menteur
and Hammond New Orleans State High |
way Bonds, OF Notes or Certificates of