The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-09-12
SPECIAL SESSION, 1918.

AN .A(T
To provide for the laying out, construction
and maintenance of the Chef Mcntcur
ana Ilammond-New Orleans State High.
Ways: to provide Il revenue for carrying
out the objects and purposes of this act
to authorize the funding Of said revenue
into bonds. notes certificates of in
Gebtedness: to define the duties of the
Eoard 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 connect ion Herewith: and to provide
for fiscal agent to whom the funds
whereas it is intended to have this act
ratified by an amendment to the Con-
stitution of the State.
section !. BE 1t 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 contracts
for the construt tion and completion of the
chef Mentcur Road, commencing ut Poo
snding to y place in the Parish of st.
Talnmany 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 state highway by
the Highway department. of the State Of
Louisiana: and for the construt ton OF all
such bridges as may be necessary for said
road: and for the construction and CON-
pie ton Of model State highway, on such
u
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 the construction of the necessary bridges
upon said highway: provided that in the
tonstrut tion 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 he provided
with culverts or other engineering outlet of
mass iVltP fHp.n
now passed or in the future shall be passed
by the ctllverts or other engineering out
lets in the rOadbed Of the Illinois Central
R ; parallel to said Hammond-New
That before any such contract is let as
herein provided, same shall be approved by
the Board Of Liquidation of the State Debt
of the State Of Louisiana.
Sec. >. Be 1t further enacted, etc. That
in order to provide funds for the tOnstruc-
tion. completion and maintenance OF the
a at u,,I mentioned e highways; the Secretary
january, 1919. shall, as soon after collcc-
tion as practicable. deposit with the State
Treasurer for the ace count of the Highway
motor vehicle licenses collected under the
provisions OF Act No. 2GO 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
tae Baptist, Tangipahoa, st. Tammany and
Orleans. and the licenses SO collected shall
pc 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
chef Mcnteur and IIammond-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 of 1913
| from the Parish of Orleans as may be nee
| essary to create and maintain In said fund
II 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 all
bonds, notes or certificates of indebtedness
| made or issued by the Board Of Liquidation
! of the State Debt of the State Of Louisiana
! struCting said highways.
| Sec. ;. Be it further enacted, etc, That
In order to provide ready funds for the pay
m I Of the CONTRACTS provided for in Sec
Of the State Debt of the State of Louisiana
shall have authority to issue bonds. notes
or certificates Of Indebtedness in anticipa-
ton Of the collection and receipt Of the
| taxes, licenses and revenues set apart and
dedicated to the said State Highway Fund
No. ,. Chef Menteur and Hammond New
siycly from the said special fund. which
said special fund Is hereby set apart and
I dedicated to the payment, principal and in
terest. Of any bonds, notes or certificates Of
Indebtedness.
Sec. 4. BE it further enacted. etc, That
the Board Of Liquidation of the State Debt
of the State Of Louisiana shall have power
! to borrow money for the purpose of financ-
| ing the construction and completion OF the
said Chef Mcnteur and Hammond-N New Or
| leans Highways hereinabove referred to-
and to that end may issue bonds. notes or
certificates Of Indebtedness in any amount
not to exceed the sum of Seven Hundred
| Thousand Dollars, In such sums and de-
nominations as the said board shall pre-
each, may be registered bonds, notes or GER
tificates of Indebtedness or payable to
bearer. as may be preferred, and shall be
New Orleans s stats Mnis% hw ana n hammond
] Notes or Certificates Of Indebtedness; that,
| at the discretion of said board all or any
part OF said bonds. notes or certificates Of
indebtedness shall be payable from one to
twenty years. Said bonds, notes or ccrti-
ktatcs 81 Indebtedness may contain such
provisions as may be deemed expcdicnt for
| fcSlStrnt1On Ill the name OF the holder or
| for the release thereof from registration
shall bear interest ut a rate not exceeding;
i hve per centum per annum, payable ut such
time or times us the board may prescribe
and the place or places of payment OF prin-
cipal and interest shall be fixed by the said
beard. Said bonds, notes or certificates OF
Indebtedness shall be sold to the highest
bidder at public sale at not less than par.
after thirty days advertisement by the
Beard Of Liquidation OF the State Debt OF
the State OF Louisiana, in New Orleans,
arising from the sale thereof shall be paid
to the State Treasurer. to the account OF
the Highway Department of the State OF
Highway Fund 10. J, Chef Menteur . and
IIammond-Ncw Orleans State Highways
and only paid out ON the warrant of tn,
State Highway Engineer. approved BY the
President of the Board OF State Engineers
Said bonds, notes or certificates Of indebt
cdness shall be signed by the Governor. thu
-Auditor and the Treasurer Of the state
| ANY coupons attached thereto shall bear tn,
fac simiie signature of the Treasurer OF
the State. ANY bonds, notes or certificates
OF Indebtedness issued by virtue hereof
t th n,,n,t, ana IRE nershy declared to hay,
law merchant. and shall not be invalid foI
any irrcgularity or defect in the proceed
ings for the issue and sale thereof, ant
shall be incOntestablc in the hands Of bon.
fde purchasers or holders thereof. No pro
ccedings in respect to the issue Of any sncl
bonds notes or certificates of Indebtedness
shall be necessary. except such rs are re
CURED by this act.
See. D. Be 1t further enacted, etc. Tina
that the funds collected annually and di
reetcd to be set apart and paid into tn,
and Hammond New Orleans State Iligi,
ways" under the provisions Of this net
and by this act directed to be applied II
the construction of the said Chef Menteu
and Hammond-New Orleans State High
ways. are hereby pledged to pay the prin
tipal and interest on said bonds, notes o
certificates Of indebtedness the sam
shall become due and payable. and 1t shall
be the duty Of the Treasurer of the Stat
OF Louisiana TO transfer from said " Stat
Highway Fund No. 2. Chef Mentcnr AM
IInmmond-Ncw Orleans State Highway t
the credit of special account to bc know
as the :. State Highway Fund No. = the
Menteur and Hammond New orleans Stat
! Highway Bonds. Interest and Redemption