The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-10-03

Account out Of the first funds collected
and received for the said . State Highway
Fund No. ,, lief Mentrur and Hammond
New Orleans State Highways sum suf-
iicicnt to pay the principal and interest
upon any bonds. notes or certificates of in
debtedness issued hereunder, that may nave
been sold and delivered for the period Of
one gear ensuing. and to maintain in said
special accounts styled State Highway
New Orleans State Highway Bonds. Inter
est and Redemption account, at all times
from sald source. II sum equal to one years
principal and interest upon the said bonds.
notes or certificates of Indebtedness, and
also sufficient to pay all bonds. notes or
certificates Of Indebtedness issued hereun-
der which shall become due and payable
curing the year next ensuing. After any
bonds, notes or certificates Of indebtedness
authorized hereby shall have been issued
and delivered, no part Of said :" State High
mond-New Orleans State Highways" shall
be applied to any of the purposes authoriz-
cd herein until the said State Highway
tund No. ,. Chef Menteur and Hammond
New Orleans State Highway Bonds, Inter-
est and Redemption Account shall have
been created. and the State Treasurer shall
have transferred into it the funds hereby
directed to be transferred.
Sec. 6. BE it further enacted. etc. That
the proceeds of the sale of all bonds. notes
under shah be used first to pay for the CON
strutticn and completion of the Chef Men
tour Road, and bridges. in the parishes of
Orleans and st. Tammany, State Of Louis
lana, and second, on and after reserving
| and setting aside the amount necessary to
pay for the completion of the Chef Men
teur Road and for building all necessary
Dricges therefor. to pay for tho construc-
ticn of the said public highway from Ham
mond to New Orleans. and the building OF
| all necessary bridges therefor.
| Sec. Z. BE it further enacted, etc, That
| the Auditor of the State Of Louisiana shall
| keep Il record of all bonds notes or certi-
fitatcs OF indebtedness sold or outstanding.
ana shall Keep an accurate account Of MI
| such specially definite funds
See. 8. Be it further enacted. etc, That
the Board Of Liquidation of the State Debt
OF the state OF Louisiana shall let the priv
| fudds provided for under this act and said
Board shall have the discretion to let such
| FUNDS under such terms and conditions u !;
| Will provide an advantageous negotiation :
| the bonds, notes or certificates of indebtet
| ness sold, and provide always ready funG
Tor the payment Of the principal and III
Of indebtedness. All funds collected undo /.
the provisions of this act. which have bc, i,
set apart and dedicated to the said g Stat (.
tHlgnway snnd No. :. Chef Menteur ar
i Or which may hereafter be set apart G.
dedicated for the construction and maint :
nance OF the above mentioned highway /,
and all funds arising from the sale OF Il, |
bonds, notes or certificates of indebtedncss.
snail be deposited with the Treasurer Il
the State in special fund as set FORTH to
i VI,
| Treasurer of the State is hereby authoriZ,
to pay out of said fund all interest coupe
que upon said bonds notes or certificates
Indebtedness issued under the terms Of ii
act. and all bonds, notes or certificates !,
| indebtedness becoming due hereunder
| Sec. D. BE 1t further enacted, etc. II
Of Jefferson, St Charles, St. John the B; ),
tist, TansipahOa. ST. Tammany and :
leans collected after the bonds. notes ..
t GIT OF Indebtedness provided for i
nnid r,rtp t,,.,I
tcrcst. and after the highways shall h;f
been completed with the funds dedicated
mat purpose, shall then revert to said D; :
ishcs. and shall be paid into their resp g.
tive treasures in the same manner as n, !
provided for under Act No. go of the Gen.
eral Assembly Of the State of Louisiana fes
the said motor vehicle licenses are turn
over 70 the other parishes of this State; AZ
thereafter said parishes shall provide
OF said funds so rcverting to them /
proper maintenance of said highways: pr
yided further, that any portion Of t
} special road tax of onc-fourth of one n.
the Constitution Of 1913 from the Parish
Orleans. not set apart or dedicated to +
state Highway Fund No. =. Chef Mentc,
a Mnrs Hamn non Orleans State Hig
/ shall revert to the State Highway Fund,
! as provided for in Act No. 40 Of the Gen
!, frai ;Assembly of Of the State Of Louisiana
1Gr the year 1910 and be applied in sue
manner as shall be now or hereafter pr,
vided by law.
Sec 10. Re It further enacted. etc. Tha
, all laws inconsistent with or in eonfic
repealed.
Sec. IL. BE IT further enacted, etc. Tha
ut the next congressional election to be heI,
In this State, on the first Tuesday after In
first Monday of the month Of November
z Io1S, there shall be submitted to the elect
] 0rs OF the State the following amendmen
: to the Constitution. to-wit:
Z The General Assembly shall provide 10
G the laying out; eonstruetion and mainte
: New Orleans State Highways and shall pro
e vide. by bond issue or otherwise. the nnans
;. ing OF the construction and completion o
+ Constitution in conflict herewith are to thi
. extent repealed. and Act No. OF the Extr
I. Session o. TIL. General Assembly Of tn
e titled An act to provide for the laying ou
r cCnstrut ton and maintenance of the Che
I Menttur and Hammond-New Orleans Stat
highways, etc., etc. is ratified and M
a proved.
y Sec. II. Be 1t further enacted etc. Tha
on the official ballots to be used in siii
IS election. shall be placed the words, :" ia
E the amendment providing for the layin
ont. construction and maintenance of III
It chef Menteur and Hammond-Ncw Orlcar
l. state Highways, and the words 'Agains
lc the amendment providing for the ;ayin
II cut. construction and maintenance Of III
l. Chef Alenteur and IInmmond-N New orjear
I, state Highways, and each eiector shall II
W WV Ou DTopoSeu
II as provided by the General Assembly
h. this State.
n HEWITT RorAycHAf'D.
Or Speaker Of the House Of Representative
ne FERSsND MOTION,
II Lieutenant Governor and President Of Il
to Senate.
te Approved: August II, 1918.
"a X. q. PLEASANT.
IN " - W
IF 4 true copy
f,I II