The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1918-10-05

State Highway Bonds, Interest and Re-
demption Account shall have been cre-p
ated, and the State Treasurer shall have
transferred into it, the funds hereby di-
rected to be transferred
Section c. Be it further enacted, etc.
That the proceeds of the sale of all bonds
notes or certificates of Indebtedness is
sued hereunder shall be used first to pay
for the construction and completion of
the Chef Menteur Road and bridges in
the Parishes of Orleans and st. Tam
many, 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
the said public highway from Hammond
to New Orleans. 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 ac-
curate account of all such specially dedi
Gated funds.
Section g. Be ii further enacted, etc,
That the Board of Liquidation of the
State Debt of the State of Louisiana
shall let the privilege to become deposit
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 pro-
vide an advantageous negotiation of the
bonds. notes or certificates of indebted
eGpess sold, and provide always ready
funds for the payment of the principal
ana interest on such bonds, notes or GER
tificates of Indebtedness. All funds col
lected under the provisions of this Act,
which have been set apart and dedicat
ed to the said state Highway Fund
No. 9 Chef Menteur and Hammond-New
Orleans State Highways" or which may
hereafter be set apart dedicated for
the construction and maintenance of the
above mentioned highways. and all funds
arising from the sale of said bonds,
notes or certificates of Indebtedness,
shall be deposited with the Treasurer of
the State in a special fund as set forth
to be paid out as herein provided, and
the Treasurer 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 is
sued under the terms of this Act. and
all BONDS. notes or OF
edness becoming due hereunder.
Section .. Be it further enacted, etc.
That the motor vehicle licenses from the
Parishes of Jefferson, st. Charles, st.
John the Baptist, Tangipahoa. st. Tam
many and Orleans, collected after the
bonds, notes or certificates of indebted
ness provided for in this Act are fully
paid principal and interest and after
h.rr1,r I1a11 haxrn lot
ed with 4the funds dedicated for that
purpose, shall then revert TO saidApar-
ishes and shall be paid into their re-
as now provided for under Act No. 260
of the General Assembly of the State of
Louisiana for the year 1914, and in the
same manner as the said motor vehicle
licenses are turned over to the other
Parishes of this State, and thereafter
said Parishes shall provide out of said
funds revertng to- them the proper
maintenance of said highways provid-
ed further. that any portion of the Spec
ial Road Tax of one-fourth of one mill
on the dollar collected under Article
291 off the Constitution of 1913 from tn
Parish of Orleans, not set apart or dedi-
Gated to the state Highway Fund, No.
2 Chef Mepteur and Hammond New Or
leans State Highways" at the expira-
ton of any fiscal year shall revert to
the state Highway Fund" as provided
fol in Act No. 40 of the General Assem-
bly, of the State of Louisiana for the
year 1910. and be applied in such man
ner as shall be now or hereafter pro-
viGed by law.
Section TO- Be it further enacted, etc,
That all laws inconsistent with or in
conflict with the provisions of this Act
are hereby repealed.
Section II. Be it 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 the State
the following amendment to the Consti-
tuition, to-wit:
The General Assembly shall provide
for the laying out, construction and
of the Chef Menteur and
New Orleans State Highways
and shall provide by bond issue or other
wise, the financing of the construction
and completion of said highways And
all provisions of the Constitution in con-
ftict herewith are to this extent repealed,
and Act No. of the Extra Session of
the General Assembly of the State of
Louisiana for the year 1918, entitled IAN
Act to provide for the laying out. con-
struction and maintenance of the Chef
Menteur and Hammond New Orleans
State Highways. ETC., etc, is ratified
and approved.
Section H. Be it further enacted, ETC.,
That on the official ballots to be used
In said election. shall be placed the
words, For the Amendment providing
for the laying out. construction and main
tenance of the Chef Menteur and Ham
mond-New Orleans State Highways"
and the words Against the Amendment Il
for the laying out, construe-
ton and maintenance of the Chef Mem