The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1918-09-26
SPECIAL SESSION, 1918.
ACT No. 10.


and IIammond-Ncw Orleans State High
ways: to provide revenue for carrying
out the objects and purposes of this act:
to authorize the funding OF said revenue
into bonds, notes Or certificates of in
debtedness; to define the duties of the
Eoard OF Liquidation of the State Debt
of the State of Louisiana, the State High
way Engineer, the State Treasurer, the
Secretary of State and the State Auditor
in connection Herewith and to provide
for a fiscal agent to whom the funds
whereas it is intended to have this act
ratified by an amendment to the Con-
stitutiOn of the State.
Section l. Be it enacted by the General
Assembly OF the State Of Louisiana, That
the Highway Engineer of the State of Lou
isiana is hereby authorized to let contracts
for the construction and completion of the
Chef Menteur Road. commencing ut Poo
extending to 4 place in the Parish of st.
Talnmany ut the boundary line between the
States of Louisiana and Mississippi, oppo-
site. or nearly opposite. to LOgtown, in the
State of Mississippi, which said road has
already been begun and contracted for, and
has been designated 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 COM
plction of model State highway, on such
State of Louisiana has designated of may
deem wise to designate, to extend approx
mntely parallel to the Illinois Centril Rail
road from Hammond into New Orleans and
in the construction Of the necessary bridges
upon said highway: provided. that in the
construction of the said Hammond New
Orleans Highway no natural drain shall in
any way be in the least manner INSTRUCTED !:
and provided further. that said Hammond
New Orleans Highway shall be provided
with tulvcrts or other engineering outlet of
passing the same volume Of water as is
now passed or in the future shall be passed
by the culvcrts or other engineering out
lets in the rOadbed of the Illinois Central
Railroad parallel to said Hammond-New
Orleans Highway.
That before any such contract il let as
herein provided same shall be approved by
| the Board of Liquidation Of the State Debt
OF the State of louisiana
Sec. =. Be it further enacted, etc, That
in order to provide funds for the construc-
| ticn, completion and maintenance of the
above mentioned highways. the Secretary
of State from and after the list day Of
January, 1919. SHALL soon after cOllec-
| ton as practicable, deposit with the State
Treasurer fer the account Of the Highway
department of the State of Louisiana all
| motor vehicle licenses collected under the
| provisions of Act No. $50 Of the General
Assembly Of the State oof Louisiana for the
parishes Of JEFFERSON, st. Charles. st. John
the Baptist, Tangipahca, st. Tammany and
| Orleans, and the licenses so collected shall
| be paid by the State Treasurer into spec
| lal fund to be known as State Highway
| Fund No ,. Chef Menteur and Hammond
New Orleans State Highways !" and in ad-
dition to the motor vehicle licenses paid
Chef Menteur and IIammond-New Orleans
| State Highways" from the parishes above
enumerated the State Treasurer shall like
wise pay into said fund such portion or
sufficient amount out Of the special road
tax collected under Article POI of the Con.
| stitution of the State of Louisiana of 1918
cssary to create and maintain in said fund
Il sum ofo Sixty Thousand Dollars per year,
| which said special fund is hereby set apart
and dedicated for the purpose Of paying
| any and all contracts heretofore made and
hereafter to I've made, and any and all
bonds, notes or certificates of indebtedness
made or issued by the Beard of Liquidation
of the State Debt of the State of Louisiana
to provide moneys for the costs of con-
| structfng said highways.
Sec. ,. Be it further enacted, etc, That
in order to provide ready funds for the pay
| mcnt Of the contracts provided for in Sec
! ton l of this act. the Board Of Liquidation
/ o. the State Debt of the State of Louisiana
shall have authority to issue bonds, notes
ton Of the collection and receipt of the
taxes, licenses and revenues set apart and
| dedicated to the said State Highway Fund
Se sse Afnts nW,y AND a
sivcly from the said special fund. which
said special fund is hereby set apart and
dedicated to the payment, principal and in
terest. Of any bonds. notes or certificates of
Indebtedness.
See. 4. Be it further enacted, etc. That
the Board of Liquidation of the State Debt
of the State of Louisiana shall have power
to borrow money for the purpose of financ.
ing the construction and completion of the
said Chef Mcnteur and Hnmmond-New Or
leans Highways hereinabOve referred to-
and to that end may issue bonds, notes or
certificates of Indebtedness in any amount
not to exceed the sum of Seven Hundred
Thousand Dollars, in such sums and de-
nominations as the said board shall pre.
| scribe, not less than Five Hundred Dollars
each, may be registered bonds, notes or Ger.
tifcates Of Indebtedness, or payable to
% may ef ana and n
New Orleans State Highway Bonds, OF
Notes or Certificates Of Indebtedness that
ut the discretion Of said board all or any
part of said bonds. notes or certificates OF
Indebtedness shall be payable from one tC
twenty years. Said bonds, notes or ccrti
ficatcs Of Indebtedness may contain such
provisions as may BE- deemed expcdient fol
| registration in the name of the holder. OF
for the release thereof from registration
shall bear interest ut rate not exceeding
! five per centum per annum. payable ut such
time or times as the board may prescribe
and the place or places of payment of prin
cipal and interest shall be fixed by the sale
board. Said bonds, notes or certificates OF
Indebtedness shall be sold to the highest
bidder at public sale at not less than par
after thirty days advertisement by tn,
Beard Of Liquidation of the State Debt Of
the State of Louisiana, in New Orleans
Chicago and New York: and the none,
arising from the sale thereof shall be pait
to the State Treasurer, to the account p
the Highway Department Of the State d
Louisiana. and to the credit Of the :. Stat,
Highway Fund No. ,, Chef Mcnteur ant
Iiammond-New Orleans State Highways
and only paid out on the warrant Of tn,
State Highway Engineer. approved by tn,
President of the Board of State Engineers
Said bonds. notes or certificates Of indcbt
cdncss shall be signed by the Governor. tn
, Auditor and the Treasurer of the State
ANY coupons attached thereto shall bear tn
fac simiie signature OF the Treasurer o
the State. Any bonds. notes or certificate
of Indebtedness issued by virtue hereof
|. shall be and are hereby declared to hay
the qualities OF negotiable paper under TIL
law merchant. and shall not be invalid 70
. any irregularity or defect in the proceed
ings for the issue and sale thereof, an
shall be incOntestablc in the hands OF bon
fdc purchasers or holders thereof. No pro
, oeedfngs in respect to the Issue Of any sue
, bonds. notes or certificates of indebtedness
shall be necessary. except such AS are re
/ CURED by this act.
Sec. ): BE it further enacted, etc. Tha
. that the funds collected annually and al
rccted to be set apart and paid into til
$ State Highway Fund No. p Chef Mentcu
and lfammond-New Orleans state IIigi
ways, under the provisions of this ac
. the construction of the said Chef Mcntcu
t and IIammond-Ncw Orleans State Iligl
: ways, are hereby pledged to pay the priI
/. Cipal and interest on said bonds, notes &
!: certificates Of indebtedness rs the sam
d shall become due and payable. and 1t sha
: be the duty OF the Treasurer OF the Stat
of Louisiana to transfer from said :. stat
|. Highway Fund No. ,. Chef Menteur an
r Hammond-New Orleans State Highway |
: the credit OF special account to be know
Mcntrur and IIammond-New Orleans Stat
4 Highway ROntlx Interest and ISedcmDtfO