The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-09-07

j funding Of said revenue into bonds
} notes or certificates Of indebtedness
! to define the duties of the Board o,
Il Liquidation Of the State Debt of TIT
Il State Of Louisiana, the State Highway
! Engineer, the State Treasurer, the
4 Secretary Of State and the State Aud
. itor in connection Herewith; and tc
provide for fiscal agent to whom the
funds shall be let for deposit; and an
act whereas it is intended to have this
act ratified by an amendment to the
Constitution Of the State.
Section !. Be it enacted by the Gen.
eral Assembly Of the State of Louis,-
ana, That the Highway Engineer of the
State Of Louisiana is hereby authorized
to let contracts for the construction and
completion Of the Chef Menteur Road,
commencing at Peoples Avenue, in the
Parish Of Orleans, and extending to a
place in the Parish Of st. Tammany at
the boundary line between the States Of
Louisiana and Mississippi, opposite, OF
nearly opposite, to Logtown, in the State
of Mississippi, which said road has al
ready been begun and contracted for,
and has been designated a. State
Highway by the Highway Department
Of the State Of Louisiana; and for the
construction of all such bridges As may
be necessary for said road; and for the
construction and completion Of = model
State Highway, on such route Is the
Highway Department Of the State Of
Louisiana has designated OF may deem
wise to designate, to extend approximate
ly parallel to the Illinois Central Rail
and in the construction Of the necessary
bridges upon said highway; provided,
that in the construction of the said Ham
mond-New Orleans Highway no natural
drain shall in any way be in the least
manner obstsucted; and provided furth-
er, that said Hammond-New Orleans
Highway shall be provided with culverts
OF other engineering outlet Of passing
the same volume of water Is is now
passed or in the future shall be passed
BY the culverts OF other engineering out
trail Railroad parallel to said Hammond
New Orleans Highway.
That before any such contract is lett
IS herein provided, same shall be ap-I
proved by the Board of Liquidation oil
the State Debt of the State Of Louisi-
ana.
Section 2. Be it further enacted, ETC.,
That in order to provide funds for the
construction, completion and mainte-
nance Of the above mentioned highways,
the Secretary of State from and sitter
the drst day Of January 1919, shall, IS
soon after collection - practicable, de-
posit with the State Treasurer for the
account of the Highway Department Of
the Stste Of Louisiana all motor vehicle |
lisenses collected under HE provisions |
of Act No. $50 Of the General Assembly
Of the State Of Louisiana for the year
1914, approved July 3, 1914, from the
Parishes of Jefferson, St. Charles, St. !
John the Baptist, Tangipahoa, St. Tam ]
many and Orleans, and the licenses sol
shall be paid by the State Treas |
urer into . special fund to be known as
State Highway Fund No. 2, Chef Men
teur and Hammond-New Orleans State |
spd in addition to the motor
6nhiclAyAensr-svos + Snsss .as e
Orleans Stste f7ieh"sys
eren ths Hssislas. a6ove Sa.n =. - ~
State 1feaodfor SAAu likewise psy NV
aid fsnd such portion q sufne'ensl
umount out Of the Special Road Iax coll
|eeted under Article 291 Of the Constatu
ZION Of the State Of louisiana OF 1913
from the Parish Of Orleans - may bel
Necessary to create and maintain in said
fund sum of Sixty thousand Dollars
per year, which said special fund Is
hereby Get apart snd dedies' for the
purpose ~ psyir; any and sfi contra IS
beretofc naos and hereafter to be
made and any and oil bonds, notes OF
certificates of Indebtedness made OF 10
sued by the Board Of Liquidation Of the
State Debt Of the State Of Louisiana to
provide moneys for the costs Of con-
strueting said Highways
Section 3. Be it further enacted ETC.,
That in order to provide ready funds tor
the payment Of the contracts provided
for in Section / ofthis Act, the Board
of LIQUIDATION Of the State Debt Of theV
Safe Of Louisiana shall have authority toI
issue bonds, notes OF certificates OF in
debtedness in anticipation Of the collee-
ton and receipt Of the taxes, licenses
and revenues set apart and DEDICATED toy
the said Estate Highway Fund No. 2,
Chef Menteur and Hsmmond-New Or
leans State Highways" payable al
elusively from the said special fund,
which said special fund is hereby set !
smart and dedicated to the payment,
principal and interest, Of any bonds, /
notes or certificates Of indebtedness.
Section 4. Be it further enacted, etc,
That the Board Of Liquidation Of he
State Debt Of the State Of Louisiana shall
have power to borrow money for the
purposes Of financing the construction
and completion Of the said Chef Men
teur and Hammond-Ne Orleans High
wsys hereinabove referred to, and to|
that end may issue bonds, notes or Ger
tii;cstes Of indebtedness in any amount
not to exceed the sum Of Seven Hundred
thousand Dollars, in such sums and de-
nomination. as the aid Board shall
prescribe, not less than Five Hundred
Dollars each, may be registered bonds,
notes OK certificates. Of indebtedness OIL
payable 10 bearer, ~ may be preferred,
and shall be desgnated ~ Chef Menteul
and Hammond New Orleans State High
way Bonds, OF Noes or Certificates OF
Indebtedness; that At the discretion Of
80 n>>.a III - ~~v yav< of eaid bonds.