Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1918-09-26


sold and delivered for the period Of
one year ensuing, and to maintain
/ IN said special accounts styled Estate
Highway Fund No. 2, Chef Menteur
ard Hammond-New Orleans State
! Highway Bonds, Interest and Re-
/ denption Account" at all times from
said source, a sum equal to one years
principal and interest UPON said
bonds, notes or certificates of in
| debtedness, and also sufficient to ray
| all bonds, notes or certificates of IN
! debtedness Issued hereunder which
snail become due and payable dur
ing the year ensuing. After any
bonds, notes or certificates or in
Gebtedness authorized hereby shall
Rave been issued and delivered, no
part Of said Estate Highway Fund
10. 2, Chef Menteur and Hammond
New Orleans State Highways" shall
be applied to any of the purposes
authorized herein until the said
State Highway Fund No. 2, Chef
Menteur and Hammond-New Orleans
State Highway Bonds, Interest and
Redemption Account" shall have been,
created, and the State Treasurer shall
have transferred into it, the funds
hereby directed to be transferred.
Section g.. Be it further enacted,
ETC., That the proceeds Of the sale
Of all bonds, notes or certificates of
Indebtedness issued hereunder shall
be used first to pay for the construc-
ton and completion of the Chef Men
teur Road and bridges in the Parishes
of Orleans and st. Tammany, State
Of Louisiana, and second, on and aft
er reserving and setting aside the
amount necessary to pay for the COM
pletion of the Chef Menteur Road
and for building al 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 Z. Be it further enacted,
etc, That the Auditor of the State
Of Louisiana shall keep a record Of
all bonds, notes or certificates of in
6ebtedness sold or outstanding, and
shall keep am accurate account of ell
such specially dedicated funds.
Section 8. Be it further enacted,
ETC., That the Board of Liquidation
OF tie State Debt of the State. of
louisiana shall let tEe rriyile~e TO be-
ec1ae depository OF the srac.a1 ffu-. CO
provided for under this Act ana said
Board shall have the discretion TO let
such funds ln9ec suci tereas and con-
ditions as will nroviCe ar adyan-
tageous negotiation OF the bonds,
notes or certificates Of Indebtedness
sold, and provide always ready funds
for the payment Of the principal and
interest on such honds, notes or GER
tifcates of indebtedness. All funds
collected under the provisions Of this
Act, which have been set arart and
dedicated to the safd Estate Highway
Fund No. 9, Chef Menteur and
Hazamond-New Orleans State High
ways" or which may hereafter be
set apart or dedicated for the con-
struction and maintenance of the
above mentioned highways, and all
funds arising from the sale of said
bonds, notes or certificates of in
debtedness, shall be deposited with
the Treasurer of the State in spe-
cial fund as set forth, to be paid
out as herein provided, and the
Treasurer of the State is hereby au-
thoriZed to pay out of said fund.- all
interest coupons due upon the said
bonds, notes or certificates OF in
debtedness issued under the terms Of
this Act, and all bonds, notes or eer-
tificates Of indebtedness becoming
dEe hereunder.
Section 9. Be it further enacted,
ETC., That the motor vehicle licenses
from the Parishes of Jefferson, st.
Charles, st. John the Baptist, Tangi-
pahoa, st. Tammanv and Orleans, col
lected after the bonds, notes or GER
tifcates Of Indebtedness provided for
in this Act are fully paid and interest
and after the highways shall have
been completed with the funds dedi-
Gated for that purpose, shall then re-
vert TO said Parishes, and shall be
paid into their respective treasures
IN the same manner as now provided
for under Act No. EGO OF the Gen
eral Assembly of the State of Louisi-
ana for the year 1914, and in the
same manner as the said motor We
hicle licenses are turned over to the
other Parishes of this State, and
thereafter said Parishes shall provide
out of said funds so reyerting to
them the proper maintenance of said
highways; provided further. that any
portion of the Special Road Tax of
one-fourth of one mill on the dollar
collected under Article POI of the
Constitution of 1918 from the Parish
Of Orleans. not set apart or dedi-
Gated to the estate Highway Fund
No. 2, Chef Menteur and Hammond
New Orleans State Highways" at the
expiration Of any fiscal year shall re-
vert to the State Highway Fund as
provided fer in Act No. 40 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 10. BE it further enacted,
etc., That all laws inconsistent with
or in conflict with the provisions of
this Act are hereby repealed.
Section IL. Be it further enacted,
etc., That at the next Congressional
election to be held in this State on
the first Tuesday after the first Mon
4 q II - = l. n =