Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-09-19


issued hereunder, that may have beer
sold and delivered for the period OF
oae year ensuing, and to maintain
" said special accounts styled Estate
! Highway Fund No. 2, Chef Menteul
end Hammond-New Orleans State
1 Highway Bonds, Interest and Be,
demption Account" at all times from
+ said source, a sum equal to one wears
principal and interest upon said
bonds, notes or certificates of in.
/ debtedness, and also sufficient to nav
all bonds, notes or certificates of in.
J debtedness issued hereunder which
shall become due and payable dur.
i ing the year ensuing. After any
bonds, notes or certificates or in.
/ debteGness authroized hereby shall
have been issued and delivered, no
part of said Estate Highway Fund
I No. 2, Chef Menteur and Hammond
New Orleans State Highways" shall
/ be applied to any of the purposes
1 authorized herein until the said
State Highway Fund No. 2, Chef
Menteur and Hammond-New Orleans
State Highway Bonds, Interest and
Redemption Account" shall have been
created, and the State Treasurer shall
have transferred into it, the funds
hereby directed to be transferred.
Section 6. Be it further enacted,
ETC., That the proceeds CT the sale
OF all bonds, notes or certificates of
Indebtedness issued hereunder shall
be used first to pay for the construc-
ton and completion of the Chef Men
teur Road and bridges in the Parishes
of Orleans and st. Tammany, State
of Louisiana, and second, on and aft
er reserving and setting aside the
amount necessary to pay for the com
pletion of the Chef Menteur Road
and for building all necessary bridges
therefor, to pay for the construction
of the said public highway from
Hammond to New Orleans, and the
building Of all necessary bridges
therefor.
Section 7. Be it further enacted,
etc. That the Auditor of the State
of Louisiana shall keep record of
oil bonds, notes or certificates of in
cebte6ness sold or outstanding, and
shall keep an accurate account of all
such specially dedicated funds.
Section 8. Be it further enacted,
etc, That the Board OF Liquidation
Of Tie State Debt of the State of
louisiana shall let the privilege to be-
come depository of the soecial funds
provided for under this Act ard said
Board shall have the discretion to let
such funas under such terms and con-
dlt:ons as viii provide an advan-
tageous negotiation Of the bonds,
notes or certificates Of Indebtedness
sold, and provide always ready funds
for the payment of the principal and
interest on such bonds, notes or GER
tifcates of Indebtedness. All funds
collected under the provisions of this
Act, which have been set apart and
dedicated to the said Estate Highway
Fund No. 2, Chef Menteur and
hammond-New Orleans State High
ways" or which may hereafter be
set apart or dedicated for the con-
struction and maintenance of the
above mentioned highways, and all
funds arising from the sale of said
bonds, notes or certificates Of in
debtedness, shall be deposited with
the Treasurer of the State in a spe-
cial fund IS set forth, to be paid
out as herein provided, and the
Treasurer of the State is hereby au-
thorized to Fay out of said fund, all
interest coupons due upon the said
bonds, notes or certificates OF in
cebtedness issued under the terms of
this Act, and all bonds, notes or GER
tlicates CT indebtedness becoming
due hereunder.
Section 8. Be it further enacted.
etc, That the motor vehicle licenses
from the Parishes of Jefferson, st.
Charles, st. John the Baptist, Tangi-l
pahoa, St. Tammany and Orleans, col /
lected after the bonds, notes or GER
of Indebtedness provided for
in this Act are fully paid and interest
and after the highways shall have
been completed with the funds dedi-
Gated for that purpose, shall then re-
vert to said Parishes, and shall be )
paid into their respective treasures +.
II the same manner as now provided !
for under Act No. 260 of the Gen-I
eral Assembly of the State of Louisi- |
ana for the year 1914, and in the
same manner as the said motor We
hIcle licenses are turned over to the |
other Parishes of this State, and
thereafter said Parishes shall provide
cut of said funds so reverting to
them the proper maintenance of said
provided further, that any
portion of the Special Road Tax of
one-fourth of one mill on the dollar !
collected under Article POI Of the
of 1919 from the Parish |
OF Orleans, not set apart or dedi-
Gated to the Estate Highway Fund |
No. 2, Chef Menteur and Hammond !
New Orleans State Highways" at the
expiration Of any fiscal year shall re-
vert to the Estate Highway Fund" as
provided for in Act No. AZ of the
General Assembly Of the State of
Louisiana for the year 1910, and be
applied in such manner as shall be
now or hereafter provided by law.
Section 10. Be it further enacted,
ETC., That all laws inconsistent with
Or in conflict with the provisions of
this Act are hereby repealed.
Section IL. Be it further enacted,
ETC., That at the next Congressional !
election to be held in this State on