The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-09-05
SPECIAL SESSION, 1918.

SPECIAL SESSION., 1918.
ACT No. 49,
House Bill No. 81 BY Mr.. Alexander.
AN ACT
TO provide for the laying out, construction |
and maintenance of the Chef Mcnteur |
anG liammOnd-New Orleans State high |
ways: to provide II revenue for carrying |
out the objects and purposes Of this act +:
TO authorize the funding of said revenue |
into bonds. notes or certificates of in |
dcbtedness: to define the duties of the'l
Hoard of Liquidation of the State Debt |
Of the State of louisiana the State High |
way Engineer the State Treasurer, the |
Secretary CT State and the state Auditor |
in connst ton Herewith: and to provide
for fiscal agent to whom the funds
shall be let for deposit: and an act
y. hcreas it is intended to have this act
ratified by. an amendment to the Con-
stitution Of the State.
Section ]. BE it enacted by the General
Assembly of the State Of Louisiana. That
the Highway Engineer of the State Of Lou
isana Is hereby authorized to let contracts
for the construction and completion of the
Chef Menteur Road, commencing ut Pco,
pies avenue in the Parish Of Orleans. and
ext, nding to II place in the Parish of st.
Ta;dMany ut the boundary line between the
States of Louisiana and Mississippi, OppO-
site. or nearly opposite. to LogtOwn, in the
State of Mississippi, which said road has
already been begun and contracted for, and
has been designated as a state highway by
the Highway Department of the State of
Louisiana and for the construction Of all
sucn bridges as may be necessary for said
road and for the construction and COM
plction of 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 approx
mately parallel to the Illinois Central Rail
road from Hammond into New Orleans. and
in tic construction of the necessary bridges
| cOnstrut tion of the said Hammond-Ncw
Orleans Highway no natural drain shall in
any way be in the least manner INSTRUCTED:
| and provided further that said Hammond
| New Orleans Highway shall be provided
| with culvcrts or other engineering outlet of
| passing the same volume Of water as Is
by the culverts or other engineering out
! let's in the roadbed of the Illinois Central
! Railroad parallel to said Hammond New
! Orleans Highway.
herein provided, same shall be approved by
| the Board of Liquidation of the State Debt
of the State Of Louisiana.
See: ,. Be it further enacted, etc, That
| in order to provide funds for the cOnstruc
ton, completion. and maintenance Of the
| above mentioned highways. the Secretary
Ct State from and after the lst day OF
ton as practicable, deposit with the State
1 Treasurer for the account Of the Highway
| Department CT the State of Louisiana all
provisions of Act No go of the General
Assembly Of the State oof Louisiana for the
year 1914, approved July .. 1914, from the
| parishes of Jefferssen, st. Charles st. John
the Baptist, Tangipahoa. st. Tammany and
| Orleans and the licenses so collected shall
he paid by the State Treasurer into spec
ial fund to be known State Highway
Fund No. >. Chef Menteur and Hammond
New Orleans State Highways and in adj
dition to the motor vehicle licenses paid
into said " State. Highway Fund No. 2.
lief Menteur and Hammond-New Orleans
State Highways" from the parishes above
enumerated, the State Treasurer shall like
wise pay into said fund such portion or
sufficient amount out Of the special road
tax collected under Article POI of the Con-
stitution Of the State Of Louisiana CT 1914
from the Parish of Orleans MS may be nee
4 sum ofo Sixty Thousand Dollars per year
which said special fund is hereby set apart
and dedicated for the purpose Of paying
any and all contracts heretofore made and
hereafter to be made, and any and al
bonds, notes or. certificates of Indebtedness.
made or issued by the Board of Liquidation
Of the State Debt Of the State Of LOuisiana
to provide moneys for the costs Of con
struoting said highways.
Sec. ;. Re it further enacted, ETC., THAI
In order to provide ready funds for the pay
ticn Of this act. the Board Of Liquidation
of the State Debt Of the State of LOuisian:
shall have authority to issue bonds. notes
or certificates of Indebtedness in anticipa
E ton of the collection and receipt of th,
t taxes, licenses and revenues set apart ant
0 dedicated to the said State Highway Fnnt
e No; :, Chef Msntsnr and Hammond New
I sively fron the said special fund, whicl
said special fund is hereby set apart an,
| dedicated to the payment, principal and in
: tcrrst. of any bonds, notes or certificates o
= | indebtedness.
3 See. !. Be it further enacted etc, Tha
the Board Of Liquidation Of the State Deb
/. | Of the State OF Louisiana shall have pOwe
i to borrow money for the purpose Of fnane
: ing the construction and completion of tn
t said Chef Mentcur and IIammond-New Oh
: leans Highways hcreinabove referred t.
. and to that end may issue bonds notes 0
: certificates of Indebtedness in any amour
not to exceed the sum of Seven Hundre
t Thousand Dollars, in such sums and q,
scribe not less than Five Hundred Dollar
' each, may be registered bonds, notes or eel
il tihcates OF indebtedness. or payable
!, i designated as Chef Menteur and Hammons
70 New Orleans State Highway Bonds, @
I, Notes or Certificates Of Indebtedness tba
9 mt the discretion of said beard all an
70 part OF said bonds. notes or certificates
4: indebtedness shall be payable from one
v twenty years. Said bonds, notes or cert
Il ficates Of Indebtedness may contain sue
n provisions a.; may BE- deemed expedicnt. II
o. registration in the name of the holder.
# for the release thereof from registration
20 shall bear interest at Il rate not exceedin
rs FIVE per ccntum per annum. payable ut sue
q time or times the board may present.
lc and the place or places of payment Of pri
* eipal and interest shall be fixed by the sal
of indebtedness shall be sold to the highe
40 bidder ut public sale at not less than pa
N after thirty days advertisement by Il
o. Board of Liquidation Of the State Debt
of the State Of Louisiana. in New, Orlcan
y. Chicago and New York: and the rmon'
il. arising from the sale thereof shall be- pa
hi to the State Treasurer, to the account
o. the Highway Department. of the state
nj Louisiana. and to the credit of the g Sta
of Highway Fund No. Il, Chef Menteur III
ii Hammond-New Orleans; State Highways
fhs n
he State Highway Engineer. approved by t
70 President of the Board of State Engineer
We Said bonds, notes or certificates of indcl
ye edness shall be signed by the Governor. I
is auditor and the Treasurer of the Sta
a. Any coupons attached thereto shall bear t
cr fac simile signature of the Treasurer
rc- the State. Any bonds, notes or ccrtificat
oil of Indebtedness issued by virtue here
OF shall be and are hereby declared to ha
to, the qualities of Negotiable paper under I
ne. law merchant and shall not BE- invalid
rle any irrcgularity defect in the proec.
rot inps for the issue and sale thereof, a
alb. shall be incOntestable In the hands Of DO
roe fde purchasers or holders thereof. No p
tcs ccedings in respect to the issue of any So
in bonds. notes certificates of indebtedn
he shall be necessary. except such as are
Tor Guircd by this act.
&C. See. :. Re 1t further enacted. etc. III
ry. that the funds collected annually and
bly, reetcd to be- set apart and paid into
ms State Highway Fund No. ?, Chef Ment'
INST and Ilammonc-New Orleans State Ill
nat ways" under the provisions of this q
ice and by this act directed to be applied
ar. the constructor OF the SAID tnef Ment
pnt and HammOnd-New Orleans State Ill
,ri- ways, are hereby pledged to pay the pi
RS. cipal and interest on said bonds, notes
es certificates Of indebtedness AS the 81
in shall become due and payable and 1t 81
ali be the duty of the Treasurer of the st
Of Louisiana to transfer from said " st
ali Highway Fund No. ,. Chef Menteur !
liar llammOnd-New Orleans state HIGHWAY
rtt- the credit Of a special account to be knt
uld as the State Highway Fund No. {
Mrntcur and Hammond-New Orleans 81
hat Highway Bonds, Interest and Redempt
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