Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1918-09-20

or nearly opposite. to Logtown, in the
state or Mississippi. which said road
ma already been begun and contracte ed
10 I'D has been designated as a State
n way by the Highway Department
or the State Of Louisiana: and for the
construction of all such bridges 5 NAV
De necessary for said road; and for the
construction and completion of a model
state highway, on such route as the
Highway Department Of the State of
Louisiana has designated or may deem
wise to designate, to extend approx
mately parallel to the Illinois Central
Railroad from Hammond into New Or
cans, and in the construction Of the
necessary bridges upon said highway:
provided. that in the construction OF
the said HammondNew Orleans High
wa ~ natural drain shall in any way
be in the least manner obstructed: and
provided further. that said Hammond
New Orleans Highway shall be provided
with cuINerts or other engineering out
Bet OF passing the same volume of
water as is now passed or i'm the flu
ture shall be passed by the culverts or
other engineering outlets in the road
bed OF the Illinois Central Railroad
parallel to said Hammond-N New Orleans
Highway.
That before any such contract is let
as herein provided, same shall be ap-
proved, by the Board of Liquidation of
The State Debt Of the State of Lou
3siana
Section 2. Be it further enacted, etc.
That IN order to provide funds for the
construction, completion and mainte-
nance of the above mentioned high
ways. the Secretary OF State from and
after the first day of January. 1919.
shall. as soon after the collection as
practical. deposit with the State Treas
urer for the account of the Highway
Department OF the State of Louisiana
all motor vehicle licenses collected I'M
der the provisions OF Act No. 260 of
the General Assembly of the State of
Louisiana for the year 1914 approved
July 3, 1914. from the Parishes of JEFF
ferson. st. Charles. st. John the Bap-
tfst. Tangipahoa, st. Tammany and Or
leans, all the licenses so collected shall
be paid by the State Treasurer into a
special fund to be known as State
Highway Fund No. 2. Chef Menteur and
Hnmmond-N New Orleans State High
ways: and in addition to the motor
vehicle licenses paid into said State
Highway Fund No. ., Chef Menteur and
Hammond-Ne Orleans State High
ways" from the parishes above emu
merated. the State Treasurer shall like
wise pay into said fund such portion
or sufficient amount out of the Special
Road Tax collected under Article 291 of
the Constitution of the state of Lou
tsiana of 1913 from the Parish of Or
leans as may be necessary to create and
maintain in said fund a sum Of Sixty
Thousand Dollars per year, which said
dedicated for the purpose of paying any
and all contracts heretofore made and
hereafter to be made. and any and all
ponds. notes or certificates of indebt-
edness made or issued by the Board OF
Liquidation of the State Debt of the
state Of Louisiana to provide moneys
for the costs of constructing said high
WAYS.
Section 3. BE it further enacted. etc.
That in order to provide ready funds
e IA Mt az 10
vided for i'm Section l of this Act the
Board of Liquidation or the State Debt
OF tho State of Louisiana shall have au-
thority to issue bonds. notes or certifi
Gates OF Indebtedness in anticipation of
the collection and receipt of the taxes.
licenses and revenues set apart and
dedicated to the said State Highway
Fund No. 2. Chef Menteur and Ham
mond- New Orleans State Highways"
PAYABLE exclusively from the said spe-
eial fund. which said special fund is
hereby set apart and dedicated to the
payment. principal and interest, OF any
bonds. notes or certificates OF indebt-
edness.
Section 4. BE 1t further enacted. etc.
mat the Board OF Liquidation of the
State Debt of the State of Louisiana
snail have power to borrow money for
The purposes of financing the construc-
Menteur and Hammond-New Orleans
highways hereinabove referred to,
and to that end may issue bonds.
notes or certificates OF Indebted
ness In any amount not to ex-
ceed the sum of Seven Hundred Thou
and Dollars. in such sums and denom-
IN tons a. the said BOARD shall pre-
scribe. not less than Five Hundred DOL |
lars each, may be registered bonds |
notes or certificates of Indebtedness. or |
pa"ab'e TO bearer. as may be preferred |
and shall be designated as Chef Mem
eeur and Hammond-New Orlen ls State |
H. "av Bonds. or Notes or Certifi-
oates OF Indebtedness; that at the dis |
G. ~ or said Board all or any part !
o. said bonds. notes or certificates of |
M" f"dness shall he PAYABLE from one !
70 twenty years. Said bonds. notes ar |
e. r'i't"ates of indebtedness may con. |
tain such provisions as may be deemed |
eyp"di"nt FOR registration in the name
o. the holder, or for the release there
o. from registration: shall bear interest |
NJ the rate not exceeding five per
centum per annum. payable at such |
sfme or times as the Board NAV pre- |
ment OF principal and interest shall be |
fixed by the said Board Said bonds
notes or certificates of Indebtedness |
snail be sold to the highest bidder AZ |
pubic sale at not less than par. after |
thirty days advertisement by the Ro,rd |
or Liquidation of the State Debt OF the |
State OF Louisiana in New Orleans. Chi
rago. and New York: and the money
arising from the sale thereof shall be |
eaid TO the state Treasurer to the ac-
count or the Highway Department Of |
Me state of Louisiana. and to the credit
% the State Highway Fund No. p
chef Menteur and Hammond-New Or
leans state Highways" and only paid
vay Engineer approved by the Presi-
lent or the Board OF State Engineers.
said bonds. notes or certificates OF IN
debtedness shall be signed by the Gov
ernor the Auditor and the Treasurer
hereto shall bear the ac-simile srpna
.ure or the Treasurer OF the State ANY
bonds. notes or certificates of fndebt-
hdness issued by virtue hereof shall be
md arc hereby declared to have the
NV merchant. and shall not be invalid
Tor any irregularity or defect in the
proceedings for the issue and sale
hereof. and shall be incontesta BILE in
me hands OF bona fide purchasers or
holders thereof. No proceedings in re-
'pect to the issue of any such bonds,
notes or certificates OF indebtedness
nall be necessary. except such as are
required by this Act
Section 5. Be II further enacted. etc.
mat the funds collected annually ana
Erected to be set apar, and paid into
State Highway Fund No. 2. Chef Mem
cur and Hammond-New Orleans State
Highways" under the provisions of this
ASt " NC dpplieu 10 the con- |
or the said Chef Menteur and
1ammopd-New Orleans State High
vays. are hereby pledged to pay the
and interest on said bonds.
totes or certificates OF Indebtedness as
he same shall become due and payable.
md IL shall be the duty of the Treas
lrer OF the State OF Louisiana to trans
er from said State Highway Fund No.
!. Chef Menteur and Hammond-New Or
cans State Highway" to the credit OF a
pecial account to be known as the