The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-10-03
SPECIAL SESSION, 1918.
ACT No. IS.

House Bill No. 81 BY Mr.. Alexander.
AN ACT
To provide for the laying out, construe ton
and maintenance of the Chef Menteur
and Ilammond-New Orleans State High.
ways: to provide Il revenue for carrying
ont the objects and purposes of this act
10 authorize the funding OF said revenue
into bonds. notes or certificates of in
lebtcdness to define the duties Of the
Board of Liquidation of the State Debt
of the State Of Louisiana, the State High
way Engineer, the State Treasurer. the
Secretary Of State and the State Auditor
in connection Herewith: and to provide
for a fiscal agent to whom the funds
shall be let for deposit; and an act
whereas it Is intended to have this act
ratified by IN amendment to the Con
stithtion OF the State.
Section I. 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 et contracts
for the construt tion and completion of the
Chef Mentcur Road, commencing at Poo
pies Avenue, in the Parish of Orleans and
extending to Il place in the Parish of st.
! Talnmany at the boundary line between the
States OF Louisiana and Mississippi, oppo-
State of Mississippi, which said road has
already been begun and contracted for. and
has been designated as state highway by
the Highway Department of the State OF
Louisiana : and for the construction Of all
such bridges may he necessary for said
road: and for the construction and com
I pN ZION OF IL HOuel STATE highway, on Sucn
| route the Highway department of the
| State of Louisiana has designated of may
deem wise to dt signatc, to extend approx
mately parallel to the Illinois Central Rail
read from Hammond into New Orleans and
| In the tonstrut ton of the necessary bridges
upon said highway: provided, that in the
eopstrutt ton of the said Hammond-New
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
passing the same volume of water as is
now passed or in the future shall be passed
| by the culverts or other engineering out
let's In the rOadbed of the Illinois Central
Railroad parallel to said Hammond New
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
Ct the State of Louisiana.
i See. ,. lie it further enacted, etc, That
In order to provide funds for the construc-
above mentioned highways, the Secretary
CT State from and after the list day of
January, 1919. shall, as soon after cOllcc-
ton rs 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. 260 Of the General
ASSEMBLY of the State oof Louisiana for the
year 1914, approved July .. 1914, from the
parishes of Jefferson, st. Charles, st. John
the baptist, Tangipahoa, st. Tammany and
be paid by the State Treasurer into Il spec
ial fund to be known as State Highway
fund No. =. Chef Menteur and Hammond
New Orleans State Highways: = and in ad-
ditiOn to the motor vehicle licenses paid
into said State Highway FUND No. .
lief Mcntcur and Hammond-Ncw Orleans
State. Highways from the parishes above
enumerated, the State Treasurer shall like
wise pay into said fund such portion OF
sufficient amount out Of the special road
tax collected under Article POI of the Con.
/ / q tsAt III ian 0f
from the Parish of Orleans as may be nee
cssary to create and maintain in said fund
Il 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 Louisian:
to provide IN MONEYS S,!,s for the costs OF con
Sec. ). Be it further enacted, etc, Thai
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 Louisian,
shall have authority to issue bonds. note.
or certificates of Indebtedness in anticipa
: ton Of the collection and receipt Of tn,
t taxes, licenses and revenues set apart ant
D dedicated to the said State Highway Funt
/ No. =. Chef Menteur and Hammond New
!, Orleans .;. est. State Highways,. payable cSeil
said special fund is hereby set apart INT
i dedicated to the payment, principal ard N
i tcrcst. Of any bonds notes or certifica -e .
, Indebtedness. @
. See. 4. 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
8 ing the construction and completion of tn
L said chef Menteur and Hammond New Or
: | leans Highways hereinabove referred ia
2 and to that end may issue bonds. notes o
not to exceed the sum of Seven Hundre,
t Thousand Dollars, in such sums and &c
: nominations as the said board shall pre-
scribe, not less than Five Hundred Dollar
Y each, may be registered bonds, notes or Ger
i tificates of Indebtedness or payable I
bearer: as may be preferred, and shall ;
Q New Orleans State Highway Bonds. 0
e Notes or Certificates of Indebtedness :; that
G ut the discretion of said board all or an
o part OF said bonds, notes or certificates Q
Indebtedness shall be payable from one t
y twenty years Said bonds, notes or tnrt
t ftatcs OF Indebtedness may. contain rc
n provisions as may be deemed cxpcdipn
: registration In the name OF the holt;er u
II for the release thereof from rcgistratiu IN
q shall bear interest ut rate not cxccedin
= f1ve per ccntGm per annum, payable mt sue
/. time or times AS the board may prescri
c and the place or places Of payment OF priI
x tipai and interest shall be f1xed by the sal
IS beard: Said bonds, notes or certificates {
q bidder ut public sale at not less than pa
n after thirty days advertisement by til
O. BOARD Of Liquidation of the State Debt
II the State OF Louisiana, in New Orlean
=. Chicago and New York: and the meme
il, arising from the sale thereof shall be pal
,e to the State Treasurer, to the account
O. the Highway Department Of the State
nj Louisiana, and to the credit of the Stat
Of Highway Fund No. =, Chef Menteur an
ii IIammond-New Orleans State Highways
&c and only paid out on the warrant Of Il
,e State Highway Engineer. approved by IL
O. President Of the Board of State Engineer
70 Said bonds, notes or certificates of indcll
", efncss shall be- signed by the Governor, ii
is Auditor and the Treasurer of the Stat
or fac simile signature of the Treasurer
o. the State. Any bonds notes or certifcat
Ill Of Indebtedness issued by virtue heret
or shall he and are hereby declared to ha
r.. the qualities of Negotiable paper under Il
e, law merchant. and shall not be invalid +
lie amy irregularity or defect in the proccc
OF inrs for the issue and sale thereof, III
b. shall be ineontestable in the hands Of boz
re fde purchasers or holders thereof. No pr
"a cccdfngs in respect to the issue Of any su
in bonds. notes or certificates OF indebtednc
he shall be necessary. except such as are
or quired by this net.
". that the funds collected annually and
,iy reeted to be set apart and paid into t
Ms " state Highway Fund No. :, chef Mcnte
lst and liammond-Ncw Orleans state iip
at ways under the provisions Of this a
Ice and by this art directed to be applied
ir the construction of the said Chef Mentc
mt and FIammond-New Orleans State liz
r. ways. are hereby pledged to pay the pr
RS Cip;fl and interest on said bonds, notes
y certificates Of indebtedness as the sal
in shall become due and payable. and it sh
H. be the duty of the Treasurer OF the st;
q Louisiana to transfer from M said st;
lar Hmmmond-Ne New Orleans State Highway
Ct the credit Of a special account to be kno
nd as the : State Highway Fund No. q
Mcntcur and Hamnond-New Orleans ST
[ Yi.rh~uy into ysatlp 1ytf