The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-10-31
SPECIAL SESSION, 1918.

AN At
TO provide fer the layin:s out, construction
ANA maintenance Of the Chef Mtnteur
and lIammond-Ncw Orleans State High.
ways; to provide Il revenue for carrying
out the objects ard purposes OF this act
20 authorize tie funuing Of said revenue
into bonds notes or certificates of in
t,btedness to define the duties of the
lcara of Liquidation of the Stat Debt
o. the State of Louisiana. the State High
| way Engineer. the state Treasurer, the
Secretary Of state and tac State Auditor
in connection thcrewith: and to provide
/ for a fiscal agent to whom the funds
| shall be let tor deposit: and an act
,.hereas it is intended to have this act
ratified by an amendment to the Con-
| titutiOn of the State.
| section l. BE it enacted by the General
| assembly Of the State Of Louisiana, That
| tie Highway Engineer OF the State OF Lou
| isiana Is hereby authorized to let contracts
/ fo- the tonstrut ton and completion of tac
| & cf Mcntcur Road, CONNIE icing at Poo
pies Avenue. in the .'arish Of Orleans. and
rstrndins to place in the iarish of st.
| iaiiLiany ut the boundary line between the
| States OF Louisiana. and Mississippi, oppo-
site. or nearly opposite. to l.c1town, in thc
lrtady been begun and contracted for. and
| has been designated as Il state highway by
| the Highway Department of the State of
l.orisiana: and for the construct ton of all
road: and for the construct ton and COM
pl, tion of model State highway, on such
route us tine IIlSHWay department II the
State of Louisiana has designated of may
| Deem wise to designate, to extend approxi-
nlately parallel to the Illinois Central Rail
read from Hammond into New Orleans, and
in TIE tonstrus ton of the necessary bridges
upon said highway: provided. that in the
| construction OF the said IIammond- New
orleans Highway no natural drain shall in
4 an. way he in the least manner obstruttcd !:
and provided further. that said Hammond
| NV Orlt ans Highway shall BIZ provided
with tulverts or other engineering outlet of
.fy1sv
| now passed or in the future Shall be passed
by the culverts other engineering out
| lets in the roadbed of the Illinois Central
Railroad parallel to said IIammond-Ncw
| That before amy such contract is let as
herein provided: same shall be approved by
the Eoard Of Liquidation Of the State Debt
of the State of Louisiana.
Sec. >. Be it further enacted. etc. That
in order to provide funds for the construe-
ticn, completion and maintenance Of the
Of State from and after the LIST day Of
January, 1919. shall, soon after colcc-
| ton as practicable, deposit with the State
Treasurer fer the account of the Highway
| Department of the State of Louisiana all
motor vehicle licenses collected under the
provisions Of Act No. EGO of the General
Assembly Of the State oof Louisiana for the
year 1914, approved July ., 1914. from the
parishes Of Jefferson, ST. Charles, st. John
the Baptist, Tangipahoa. st. Tammany and
Orleans, and the licenses so collected shall
ial fund to be known as State Highway
fund No. p Chef Mcnteur and Hammond
New Orleans State Highways and in adj
into said State Highway Fund 10. ;
hef Menteur and Iammond-Ncw Orleans
State Highways" from the parishes above
enumerated. the State Treasurer shall like
wise pay into said fund such portion OF
sufficient amount out of the special road
tax cOllctted under Article POI of the Con
stitution Of the State Of Louisiana Of 1917
| vb.r rich nf ri rv,.,x l,Nv
css;iry to create and maintain in said FUND
sum of0 Sixty Thousand Dollars per year
which said special fund Is hereby set apart
any and ali contracts heretofore Hr made y ane me
hereafter to be made, and any and nj
bonds, notes or certificates of indebtedness,
of the state Debt of the State OF Louisiana
to provide moneys for the costs of con
str1cting said highways.
Sec. 3. Be it further enacted, ETC.. Tha
In order to provide ready funds for the pay
ment Of the contracts provided for in Sec
tion of this act, the Board Of Liquidation
Ct the State Debt OF the State Of Louisian,
shall have authority to issue bonds. note.
or certificates of Indebtedness in anticipa
. tion of the collection and receipt Of tn,
taxes, licenses and revenues set apart ant
!, No. ,, Chef Mcnteur and Hammond-Nev
siyeiy from the said Special FUND fund. whic i
said special fund is hereby set apart ant
terest, q any bonds, notes or certificates o
Indebtedness.
, See. !. BE it further enacted ETC., Tha
the Board of Liquidation Of the State Deb
of the State of Louisiana shall have powe
{ to borrow money for the purpose of financ
, ing the construction and completion Of tn
t said Chef Mcnteur and Hammond.Ncw Or
leans Highways hereinaboye referred to
, and to that end may issue bonds, notes o
certificates of indebtedness in any amour
not to exceed the sum of Seven Hundrc,
ThnnSnnd In cure1, Il IL
nominations as the said board shall pre-
scribe, not less than Five Hundred Dollar
! each, may be registered bonds, notes or Ger
tificates Of Indebtedness. or payable t
bearer. as may be preferred, and shall b
designated as Chef Mcnteur and Hammond
E New Orleans State Highway Bonds, 0
ut the discretion Of said board all or an
! part Of said bonds. notes or certificates o
!: Indebtedness shall be payable from one I
7 twenty years: Sald bonds, notes or cert
I hcatcs of Indebtedness may contain sue
i provisions as may be deemed expcdient 70
: registration In the name Of the holder. 0
t for the release thereof from registration
8 shall bear interest at rate not exceedin
; five per ccntum per annum. payable ut sue
. time or times as the board may prescrib
{ and the place or places of payment OF prir
< cipal and interest shall be fixed by the sal
4 beard. Said bonds, notes or certificates &
t Indebtedness shall be sold to the highes
e bidder at public sale at not less than pal
n after thirty days advertisement by tn
) Board of Liquidation of the State Debt
4 the State OF Louisiana, in New Orleans
!. Chicago and New York: and the none
/. arising from the sale thereof shall be pal
6 to the State Treasurer, to the account
: the Highway Department of the State
il Louisiana, and to tie credit OF the g Stat
ana N Z Chef Mfntsur
e md only paid ont ON the warrant of Il
g state Highway Engineer. approved by til
; President OF the Board Of State Engineer
{, Said bonds, notes or certifit ateS of indcb
q edncss shall be signed by the Governor II
is Auditor and the Treasurer Of the Stat
J. ANY coupons attached thereto shall bear Il
r fac smile signature of the Treasurer
= the State. Any bonds, notes or certificat,
II of indebtedness issued by virtue hercO
II shall be and are hereby declared to ha,
3 the qualities of negotiable paper under IL
r law merchant. and shall not be invalid I,
b any irregularity or defect in the procee
1t ings for the issue and sale thereof, ar
shall BE- ineontestaSls IN the hands e DO.
- cccdings in respect to the issue Of any 81,
Ia bonds. notes or certificates Of indebtedne
he shall be necessary, except such as are
d quired by this act
q. Sec ;. BE it further enacted, etc.. Th
i. that the funds collected annually and
~ reltcd to be set apart and paid into Il
Is state nighway Fund n Nc. Chef Men ,.ea
ut ways" under the provisions Of this ~
re and by this act directed to be applied J
r. the oonstrue tion Of the said Chef Mente
Mt and Hammond-Ncw Orleans state IIig
II ways. are hereby pledged to pay the pri
=. cipal and interest on said bonds, notes
!: certificates OF indebtedness as the SAL
In shall become due and payable, and 1t sh;
H. Ike the duty Of the Treasurer of the Sta
of Louisiana to transfer from said !" Sta
IL Highway Fund No. ,. Chef Menteur u
mr. Hammond-New Orleans State Highway"
t. the credit of special account to he know
Id ms the 9 State Highway Fund No. CT
Menteur and IIammond-New Orleans Sta
MT Highway Bonds, Interest and Rcdcmpti