The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1918-10-05

That the proceeds Of the sale of ell
bonds. notes or certificates of indebt-
edness issued hereunder shall be used
first to pay for the construction and
completion of the Chef Mcnteur Road
and bridges in the Parishes OF Orleans
and st. Tammany. State of Louisiana,
and second, on and after reserving and
setting aside the amount necessary to
pay for the completion of the Chef
Menteur Road and for building all
necessary bridges therefor, to pay for
the construction of tile said public
highway from Hammond to New Or
leans. and the building of all necessary
bridges therefor
Section T. Be it further enacted. ETC.,
That the Auditor of the State of Louisi-
ana shall keep a record of all bonds
notes or certificates. of indebtedness.
sold or outstanding. and shall keep an
accurate account OF all such specially
dedicated funds.
Section s. Be 1t further enacted. etc,
That the Board of Liquidation of the
State Debt of the State of Louisiana
shall let the privilege to become depos-
TORY of the special funds provided for
under this Act and said Board shall
have the discretion to let such funds
under such terms and conditions as will
provide an advantageous negotiation of
the bonds. notes or certificates of in.
debtedness sold. and provide always
ready funds for the payment of the
principal and interest on such bonds
notes or certificates OF indebtedness
All funds collected under the provisions
OF this Act. which have been set apart
and dedicated to the said State High
way Fund No. 2. Chef Menteur and
Hammond-New Orleans State High
ways" or which may hereafter be set
apart or dedicated for the construction
and maintenance of the above men,
toned highways. and all funds arising
from the sale OF said bonds, notes or
certificates of Indebtedness. shall be de-
posted with the Treasurer of the State
In a special fund as set forth. to be paid
out as herein provided, and the Treas
urer OF the State is hereby authorized
to pay out of said fund all interest
coupons due upon the said bonds. notes
or certificates of indebtedness issued
under the terms OF this let, and all
bonds. notes or certificates OF indebt-
edness becoming due hereunder
Section 3. Be II further enacted, ETC.,
That the motor vehicle licenses from
st. John the Baptist. Tangipahoa. st.
Tammany and Orleans, collected after
the bonds. notes or certificates of in
debtedness provided for in t.iis Act are
fully paid principal and interest and
after the highways shall have been
completed with the funds dedicated for
that purpose, shall then revert to said
parishes, and shall be paid into their
respective treasures in the same man.
ner as now provided for under Act No.
State OF Louisiana for the year 1914.
and in the same manner as the said
motor vehicle licenses are turned over
to tho other parishes of this State, and
thereafter said parishes shall provide
out of said fund so reverting to them
the proper maintenance OF said high
WAYS: provided further, that any por-
ton of the Special Road Tax of one
fourth of one mill on the dollar collect
ed under Article 291 of the Constitu-
NJ he pa rfQ of
not set apart or dedicated to the State
Highway Fund No. 2, .-hef Menteur and
Hammond-New Orleans State High
ways" ut the expiration of any fiscal
year shall revert to the state High
way Fund" as provided for in Act No.
~ 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 TO- Be 1t further enacted.
etc. That all laws Inconsistent with or
In conflict with the provisions Of this
Act or hereby repealed.
Section IL. Be 1t further enacted.
etc. That at the next Congressional
election to be held in this State on the
first Tuesday after the first Monday of
the month of November 1918. there shall
be submitted to the electors of tho
State the following amendment to the
Constitution. to-wit:
The General Assembly shall provide
for the laying out. construction and
maintenance of the Chef Menteur and
Hammond-New Orleans State High
ways and shall provide. by bond Issue
or otherwise the financing of the con-
struction and completion Of said high.
ways. And all provisions of the Con-
stitution In conflict herewith are to this
extent repealed, and Act No. of the
Extra Session of the General Assem-
bly, OF the State OF Louisiana for the
year 1918. entitled AN Act to provide
FOR the LAYING out construction and
maintenance OF the Chef Menteur and
Hammond-New Orleans State High
ways. etc. is ratified and approved
Section ~ BE it further enacted.
etc, That on the official ballots to be
used I'm said election, shall be placed the
words. For the amendment providing
for the laying out construction and
maintenance of the Chef Menteur and
Hammond-New Orleans State High
ways" and the words Against the
amendment providing for the laying
out, construction and maintenance of
the Chef Menteur and Hammond-New
Orleans State Highways" and each
elector shall Indicate his vote on the
propose amendment as provided by
the General Assembly of this State.
HEWITT BOUANCHAUD.
Speaker of the House of Representa-
tives.
Lieutenant Governor and President OF
the Senate.
Approved: August 10. 1918.
R. G.. PLEASANT.
Governor Of the State Of Louisiana.
true copy:
N Ell n III