Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-09-05

Highway Fund No. 2, Chef Menteur
and Hammond-New Orleans State
Highway Bonds, Interest and Re
demption Account" at all times from
said source, a sum equal to one years
principal and interest upon said
bonds, notes or certificates of in
debtedness, and also sufficient to pay
all bonds, notes or certificates of in
debtedness issued hereunder which
shall become due and payable dur
ing the year ensuing. After any
bonds, notes or certificates or in
debtedness authorized hereby shall
have been issued and delivered, no
part of said estate Highway Fund
No. 2, Chef Menteur and Hammond
New Orleans State Highways" shall
be applied to any of the purposes
authorized herein until the said
estate Highway Fund No. 2, Chef
Menteur and Hammond-New Orleans
State Highway Bonds, Interest and
Redemption Account" shall have been
created, and the State Treasurer shall
have transferred into it, the funds
hereby directed to- be transferred.
Section 6. Be it further enacted,
etc., That the proceeds of the sale
of all bonds, notes or certificates of
indebtedness issued hereunder shall
be used first to pay for the construc-
ton and completion of the Chef Men
teur Road and bridges in the Parishes
of Orleans and st. Tammany, State
of Louisiana, and second, on and aft
er reserving and setting aside the
amount necessary to pay for the COM
pletion 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 Orleans, and the
building of all necessary bridges
therefor.
Section z. Be it further enacted,
etc, That the Auditor of the State
of Louisiana shall keep record of
all bonds, notes or certificates of in
debtedness sold or outstanding, and
shall keep an accurate account of all
such specially dedicated funds.
Section 8. Be it further enacted, |
etc, That the Board Of Liquidation
of the State Debt of the State of
Louisiana shall lee the privilege to be-
come depository of the spec:al funds |
provided for under this Act and said
Board shall have the discretion to let
such funds under such terms and con-
ditions as will provide an adyan-
tageous negotiation of the bonds, |
notes or certificates of indebtedness
sold, and provide always ready funds |
for the payment of the principal and
on such bonds, notes or GER
of Indebtedness. All funds
collected under the provisions of this |
Act, which have been set apart and |
dedicated to the said State Highway |
Fund No. 2. Chef Mentelr and |
Hammond-N Orleans State High |
ways" or which may hereafter be
set apart or dedicated for the CON
struction and maintenance of the
above mentioned highways, and all 1
funds arising from the sale of said /
bonds, notes or certificates Of in
debtedness, shall be deposited with
the Freasurerof the State IN a spe-
ciat fund as set forth, to be paid
out as herein provided, and the
Treasurer of the State is hereby au-
thorized to pay out of said fund, all |
coupons due upon the said /
bonds, notes or certificates of in I
debtedness issued under the terms of I
this Act, and all bonds, notes or GER !
5ificates of indebtedness becoming
lue hereunder.
Section 8. Be it further enacted.
etc, That the motor vehicle licenses
from the Parishes Of Jefferson. St.
Charles, St. John the Baptist, Tangi-
oahoa, st. Tammany and Orleans, col
ected after the bonds, notes or Ger
lfcates of Indebtedness provided for
n THIS Act are fully paid and interest
ina after the highways shall have /
oeen completed with the funds dedi- +
'ated for that purpose, shall then re- j
teTt to said Parishes, and shall be
laid into their respective treasures
n the same manner as now provided
or under Act No. $50 of the Ger
raj Assembly of the State of Lo!1isi-
ina for the year 1914, and in the
anne manner as the said motor We
lIcle licenses are turned over to the II
,ther Parishes of this State. and
hereafter said Parishes shall provide
,ut or SAID funds so reverting to
mem the proper maintenance of said
highways; provided further, that any
of the Special Road Tav IF
ne-fourth of one mill on the dollar
objected under Article 291 of the
constitution of 1918 from the Parish
I Orleans, not set apart or dedi-
aated to the Estate Highway Fund
70. 2, Chef Menteur and Hammered
Jew Orleans State Highways at the
EXPIRATION of any fiscal year shall re-
ert to the Estate Highway FUND.- as
royided for in Act No. 40 of the !
General Assembly of the State Of
'ouisiana for the year 1910. and be ,
pplied IN such manner as shall he :
ow or hereafter provided bv law
Section 10. Be it further enacted !
to-, That all laws inconsistent With /
7. IN conflict with the provisions of !
ais Act are hereby repealed
Section II. Be it further enactad
tc., That at the next Conoress;oraii !
lection to be held in this State on i
ne first Tuesday after the first Mon 4
ay of the month of November. 1915. 1t
here shall be submitted to the elec.l ;
ors Of the State the following b