The Bossier banner., 1918-10-17
SPECIAL SESSION. 1918.

l.
To provide for the laying out, construction |
and maintenance of the Chef Menteur |
and IIammond-New Orleans State High |
ways; to provide revenue for carrying, |
to authorize the fundins of said revenue |
iato bonds, notes OF certificates of in |
btctiness; to define tine duties of the |
l.:rd Of Liquidation of the Stat Debt
cf the State of Louisiana, the Stau .iigh |
Way Engineer. the state ,!'rcasurtr, the |
Secretary Of State ais, TIE State .tu.sitor
in connection tsicfewit.i: and to proyitt
for fiscal agent to whom the funds
shall be let lor deposit: and an act
whereas it is .nteI.,., i to h;,y,. his act
ratified by an amendment 10 the Con-
.titutiOn Of the State.
section 1. BE it enacted by the General
Assembly of the State of Louisiana, That
the Highway Engineer of the State of Lou
isiana Is hereby authorized to let ,oi.tr;t, Is
fot the eonstrut ticn and completion ot T.,
s'hcf Mentcur Road, tomn.rh,ing ut iro-
pies avenue, in tii' i'rish oi Orleans, and
rstt ndin. to a place in the iarish of st.
Ian.many ut the boundary line h.tMeen tac
States OF Iouisiaal an.; .s.iSsf :ppi, o..:'o-
site. or nearly Opl,us..l. to L-tuwn, III tae
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
such bridges as may. bc necessary for said
PIE tion Of Il model State highway, on such
route the Highway department Of the
State Of Louisiana has designated of may
t,c,n wise to designate, to extend approx
in:tcly parallel to the Illinois Central Rail-
read from Hammond into New Orleans. and
in the construction OF the necessary bridges
npon said highway; provided, that IN IN the
Orleans Highway no natural drain shall In
any way be in the least manner obstructed:
and provided further. that said Hammond
NV Orleans Highway shall be provided
with tulverts or other engineering outlet of
passing the same volume Of water as is
now passed or in the future shall be passed
by the culvcrts or other cngincerin: out.
lets in the roadbcG Of TIE Illinois Central
| Railroad parallel to said ilammoad-Ncw
Orleans Highway.
| That before any such contract Is let as
herein provided, same shall be approved by
| the Beard of Liquidation Of the State Debt
Of the State cf louisiana
| Soc. =. BE it further enacted. etc, That
/ in order to prOviGc funds for the tonstruc-
| tiun. completion and maintenance OF the
above mentioned highways. the Secretary
/ of State from and after the 1st day of
January, 1919. shall, us soon after collec-
| tion practicable, deposit with the State
| Treasurer for the account Of the Highway
Department Of the State of Louisiana all
motor vehicle licenses collected under the
/ provisions of Act No. 2GO of the General
Assembly of the State Oof Louisiana for tac
| year 1914, approved July o. 1914, from the
parishes OF Jeffersson st. Charles. st. John
| the Baptist, Tangipahoa, st. Tammany ami
! Orleans, and the licenses SO collected shall
be paid by the State Treasurer into Il spec
i'll fund to be known as State Highway
orleans RE sna and in nd
| dition to the motor vehicle licenses paid
into said State Highway Fund No. ?.
| Chef Menteur and Ilammond-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 291 of the Con.
stitution Of the State of Louisiana Of 1919
from the Parish of Orleans as may be nee.
cssary to create and maintain In said fund
| a sum ofo Sixty Thousand Dollars per year,
which said special fund is hereby set apart
and dedicated for the purpose of payin.
any and all contracts heretofore made and
hereafter to be made. and any and all
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
structing said highways.
Sec. >, Be it further enacted, etc, That
In order to provide ready funds for the pay
mcnt Of the contracts provided for In Sec
tion Of this act the Board of Liquidation
of the State Debt of the State of Louisiana
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
i dcdit atcd to the said State Highway Funt
: no; :. chef Mcnteur and llammond-Ncv
Orleans s,rs;n stats llsh3ways 3S PAYABLE % s5sls
said special fund is hereby set apart ant
dedicated to the payment, principal and in
tcrcst. Of any bonds, notes or certificates O
Indebtedness.
Sec. !. 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 financ
, ing the construction and completion of tn
said Chef MeHteur and Hammond New Or
leans Highways hereinabOve referred to
. and to that end may issue bonds. notes o
certificates of Indebtedness In any amour
not to exceed the sum of Seven Hundret
t Thousand Dollars, in such sums and dc
nominations rs the said board shall pre-
scribe, not less than Five Hundred Dollar
: each, may be registered bonds, notes Ger
/ tificatcs Of Indebtedness, or payable t
bearer. as may be preferred. and shall b
New Orleans State Highway Bonds, o
! Notes or Certificates Of Indebtedness; that
: mt the discretion of said board all or an
ds Rfs 2. sa bonds % n notes % Or errtillcates f,
! twenty years. Said bonds, notes Or cert
/ feates Of Indebtedness may contain sue
4 provisions as may be deemed expcdicnt fo
: | registration In the name Of the holder, O
I for the release thereof from registration
o shall bear interest ut il rate not exccedin
= five per ccntum per annun. payable at sue
e and the place or places OF payment of prir
< cipal and interest shall be fixed by the sal
= board. Said bonds, notes or certificates
Z Indebtedness shall be sold to the highes
g bidder ut public sale at not less than pa
n after thirty days advertisement by til
) heard Of Liquidation of the State Debt {
r. | u
!. Chicago and New York; and the none
/. arising from the sale thereof shall be pal
e to the State Treasurer, to the account
= the Highway Department of the State
II Louisiana, and to the credit of the :. Sta'
# Highway Fund No. =, Chef Mentcur IN
il IlammOnd-New Orleans State Highways
Ie and only paid out on the warrant of Il
~ State Highway Engineer. approved by ii
{. President OF the Board Of State Engineer
e Said bonds. notes or certificates of indeb
&c ctlncss shall be signed by the Governor, t
h. Any coupons attached thereto shall bear Il
.r fac sim,iie signature of the Treasurer
= the State. ANY bonds, notes or ccrtifcat
IL Of indebted9ess issued "s BY virtue heree rec
.. the qualities of negotiable paper under Il
c. law merchant and shall not be invalid Z
lc any irreguiarity or defect in the procce
Of fngs for the issue and sale thereof, ~
Il shall be fncontestable in the hands OF bOI
re fde purchasers or holders thereof: No pr
rs ccedtngs in respect to the issue OF any SUI
in bonds. notes or certificates OF fndebtednc
he shall be necessary. except such as arc
or Quircd by this act.
e. Sec ;. Be 1t further enacted, etc, TIL
y. that the funds collected annually and
ly rcctcd to be- set apart and paid into t
ns - State Highway Fund No. 2 Chef Mcnte
st and iIammond-New Orleans State llip
mt ways" under the provisions Of this =
&c and by this act directed to be applied
IF. the construct tion of the said Chef Mente
mt and IIammond-Ncw Orleans State llia
RI ways. arc hereby pledged to pay the pr
~. C1ll1l ana interest on SaiO DOnOs, noteS
s /: ccrtifit ates Of Indebtedness as the sa
In shall become due and payable, and 1t sh
IL he the duty Of the Treasurer Of the st:
of Louisiana to transfer from said St'
IL Highway Fund No. ,. Chef Mcnteur a
ar Hammond New Orleans State Highway
Ct the credit OF a special account to be knO
i'd as the . State Highway Fund No. "
Mrntpur and Hammond-New Orleans ST
lat Highway Bonds, Interest and Redempti
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