Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1918-11-15

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.
or nearly opposite, to Logtown. in the
State of Mississippi, which said road
has already been begun and contracted
for md 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 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
cans. and In the construction of the
Necessary bridges upon said highway;
provided. that in the construction of
the said Hammond-New Orleans High
way no natural drain shall in any way
be 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 Is now passed or in the flu
ture shall be passed by the culverts or
other engineering outlets in the road
bed OF the Illinois Central Railroad
parallel to said Hammond-New Orleans
Highway.
That before any such contract Is let
rs herein provided. same shall be ap-
proved by the Board of Liquidation of
the State Debt of the State of Lou
isiana.
Section q Be II 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,
Rbal1 after the collection a &
practical, deposit with the State Treas
urer for the account of the Highway
Department OF the State of Louisiana
all motor vehicle licenses collected un-
der the provisions of Act No. go of
The General Assembly Of the State of
Louisiana for the year 1914, approved
July 9. 1914, from the Parishes of JEFF
ferson. ST. Charles. st. John the Bap-
leans. all the licenses so collected shall
be paid by the State Treasurer into
special fund to be known as state
Highway Fund No. 2. Chef Menteur and
ways: and In addition to the motor
vehicle licenses paid into said State
Highway Fund No. 2. Chef Menteur and
Hammond-New 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
isiana Of 1913 from the Parish of Or
leans as may be necessary to create and
maintain in said fund sum Of Sixty
Thousand Dollars per year, which said
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 tndebt-
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.
That in order to provide ready funds
for the payment OF the contracts pro-
vided for in Section 1 Of this Act the
Board of Liquidation OF the State Debt
Of the State Of Louisiana shall have Az
thority to issue bonds. notes or certifi-
Gates Of indebtedness In anticipation Of
the collection and receipt Of the taxes
licenses and revenues set apart ana
dedicated to the said state Highway
Fund No. :. Chef Menteur and Ham.
mond-Nsw Orleans State Highways"
payable exclusively from the said spe-
cial fund. which said special fund Is
hereby set apart and dedicated to the
payment. principal and interest. OF any
edness.
Section 4. Be It further enacted. etc..
That the Board Of Liquidation of the
State Debt of the State OF Louisiana
the purposes OF financing the construc-
ton and completion of the said Chef
Menteur and Hammond-New Orleans
Hishwsy: hersin rein referred to.
notes or certificates OF Indebted
ness In any amount not to ex-
eeed the sum OF Seven Hundred Thou
:and Dollars; in such sums and denom-
scribe. not less than Five Hundred Dol
lars each, may be registered bonds.
notes or certificates of indebtedness. or
payable pay BILE. to b bearer; =. may be preferred
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
Of said bonds. notes or certificates of
indebtedness shall be payable from one
TO twenty years. Said bonds. notes or
certificates OF indebtedness may CEN
tain such provisions as may be deemed
expedient for registration in the name
Of the holder, or for the release there
Of from registration; shall bear interest
at 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 pay
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
public sale at not less than par. after
thirty days advertisement by the Board
OF Liquidation of the State Debt of the
State of 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 Department OF
the State of Louisiana. and to the credit
Of the state Highway Fund No. 3
Chef Menteur and Hammond-New Or
leans State Highways" and only paid
out on the warrant OF the State High
way Engineer approved by the Presi-
dent Of the Board Of State Engineers
said bonds. notes or certificates Of In
efnor. the Auditor and the Treasurer
Of the State. Any coupons attach q
thereto shall bear the fac smile sfIna-
ture Of the Treasurer Of the State Any
bonds. notes o. certificates Of indebt.
edness issued By virtue hereof. shall b
ood are hereby declared to have tn
Qualities OF negotiable paper under tn
ldw merchant and shall not be invaht
for any trregularity or defect In M
proceedings for the issue and sab
thereof. and SHALL be incontestabls n
t5s hands ef bona fide purchasers oil
holders thereof. No proceedings In re.
spect to the issue Of any such bonds
notes or certificates Of Indebtedness
G9all be necessary. except such ~ arr
required by this Act.
Section s. Be Il further enacted etc.
That the funds collected annually end
directed to be set apart and paid int
state Highway Fund No. 2. Chef Men.
Highways" under the provisions OF tn Il
Act directed to be applied to the con.
struction or the said Chef Menteur ant
Hammoud- New Orleans Sfate HIGH.