The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1918-10-19

| New Orleans Highway shall be provided
with culverts or other engineering out
let or passing the same volume OF
water ~ 10 now passed or In the flu
ture shall be passed by the culysrts or
| otner engineering outlets In the road
bed of the Illinois Central Railroad
parallel to said Hammond-New Orleans
Highway.
A. herein provided. same shall be APP
proved by the Board of Liquidation of
the State Debt Of the State Of Lou
tsiana-
] Sestion 2. Be It further enacted. ETC.,
That In order to provide funds fer thu
construction. completion and mainte-
ways. the Secretary Of State from and
after the first day of January. 1919.
snail, as soon after the collection as
practical. deposit with the State Treas
nrer Tor the account Of the Highway
Al meteor vehicle licenses collected un-
DER the provisiens Of Act No. 2eo Of
ne General Assembly OF the State Of
louisiana for the year 1914. approved
July =. ls1A. from the Parishes Of JEFF
isrsen, St: Charles, st. John the Bap-
fist. TangiDahoa. st. Tammany and Or
leans, all the Licenses 80 collected shall
pc paia ey the tats Treasurer int q
special fund tol be known as state
Highway Fund No. Q. Chef Menteur and
HamHond-Nsw Orleans State High
weys"; ana In addition to the motor
yehicIs ltcsnsss paid into said State
Highway Fund No. 8. Chef Mentepr and
Hanmena-Nsw Orleans State High
ways from the parishes above emu
msratsd. the State Treasurer shall IKE
wise pay into said fund suck portion
Sr sufftsient amount out Of the special
Road Tax collected under Article SSl of
re censtitutien Of the State Of Leu
leans A. may be necessary to create and
maintain in said fund q sum Of Sixty
thousand Dollars per year, which said
special fund 10 hereby set apart and
and all contracts heretofore made and
nercaftsr to be made and any and all
bonds, notes or certificates Of indebt-
ednese made or Issued by the Board Of
Liquidation Of the State Debt Of the
Ter the costs Of constructing said high
ways.
Section 3. Be, IT further enacted, etc.
That In order to provide ready funds
for the payment Of the contracts pre-
xidsd 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 eertifi-
Gates OF indebtedness In anticipation Of
the tn collection and receipt Of the taxes:
licenses and revenues set apart and
aedicated t. the said State Highway
Fund No. 3. Chef Nenteur and Ham,
nond New Orleans State Highways,"
payable exclusively from the said sps-
esAl FUND. which said special fund 10
hereby set apart and dedicated to the
payment. principal and interest, Of any
edness.
Section 4. 3. It further enacted. etc.
state Debt Of the state Of Louisiana |
shail have power to borrow money for |
the purposes Of hAancfng the eonstrue- |
ZION and completion Of the said Chef |
M a and Hammond Orleans |
and to that end may issue bonds.
notes or certificates Of Indebted
ness In any amount not to az.
oeed the sum Of Seven Hundred Thou
sand Dollars In such sums and denom-
scribe. not less than 1ive HunIrel bei-
lars each, may be registered konds
noees or certificates Of fndebtedness or
PAYABLE to bearer. as may be preferred
INC snail De Designated as Chef Mem
Hishway Bonds. or Notes or Csrtifi-
Gates or Indebtedness: that At the dis
erection OF said BOARD all or any mart
~ said bonds notes or cetrificates of
~ 0snteaness shall be payable from one
certificates of indebtedness NAV CO.
In sucn PROVISIONS az may be deemed
xpedient for registration in the name
- sne hoioer, or for the release there
- tpn registration: shall bear interest
,entum per annum. payable At anch |
.ime or times as the board NAV NJ
'crlee and the place ~ pfaeas Of nv
'as OF principal and interest shall Be
,otss ~ ~ the sad Board. Said bonds,
mall De sold to the highest bidder A.
,uplic sale at not less than mar &C.,
Y. SiTY gays advertisement by the Board
\. t.autdation or the State Debt OF the
state OF Louisiana in New OrIeans cht
ago. and New York: and the money
Irising from the sale thereof shall Be
'aio 20 the State Treasurer to the .c
cuns OF the Highway Department of
= tna .S 90 louisiana. and to the credit
,nel Menteur and Hammond-N or.
eahS state H1ghwayA" and only nsid
ut on the warrant Of the State Hirh- !
az Engineer approved by the Presi-
aid bonds. notes or certfffcafes - -
eptedness shall be signed BY the Gov
rnor. the Auditor and the Trea sursr
8 tne state Any coupons Attached | :
u ',rs 30 t snan bear the facsimile sfkna-
onds. notes or certificates Of fndeht. =
oness Issued ~ virtue hereof. shall he
nd are hereby declared To have tn
uaiities OF negotiable paper under the
Nv mercnant and shall not be invalid
pr any iFreSuiarfty or DEFECT In the
recesdings for the issue ana asis
aersof. and shau be inesntestabie IN
le hanos Of bona ffds Durchasers or
elders thereof. No precsedinra IN r..
peet to the issue Of any such bonds
otss or certificates Of indsbtedns a.
hall be necessary. except such a. sre i
pQuired By this Act
Section s. Pc 1t further enacted. etc
hat the funds collected annually sS1
lrected to be set apars and raf1 trte
atate AiEhway Fund No. .. Chef Mem
'ur ana Hamnond-New Orleans 0tafs
iehways." under the provfsfons OF this
ct directed to be applied to the con-
ructfon Of the said Chef Nsnteur ana
ammond-Nsw Orleans State High
avs. are hereby pledged to nav II.
rineipaf and interest on said bonds :
otss or certificates Of fndebte dness as
e same shall become due ana payable.
nd 1t shall be the duty OF the Tress-
rsr Of the State Of Louisiana to trans
= IRON SAID State Highway Fund No.
Chef Menteur ana Hammond New Or
an: State Highway" to the credit Of =
,ecial account to be known AZ fhe
\ r. En- AZ