The Bossier banner., 1918-10-17

Account out OF the first funds collected
and received for the said state Highway
New Orleans State Highways, Il sum suf-
hcient to pay the principal and interest
upon any bonds. notes or certificates Of in
tcbtcdness issued hereunder, that may have
been sold and delivered for the period of
one year ensuing and to maintain in said
special accounts styled State Highway
Fund No. :. Chef Mentcur and Hammond
New Orleans State Highway Bonds, Inter-
est and Redemption Account, at all times
from said source. sum equal to one years
principal and interest upon the said bonds,
notes or certificates of Indebtedness. and
also sufficient to pay ali bonds, notes or
certificates Of Indebtedness issued hercun-
der which shall become due and payable
during the year next ensuing. .After any
bonds, notes or certificates cf indebtedness
authorized hereby shall have been issued
and delivered, no part Of said ! State High
mond-N New Orleans State Highways" shall
be applied to any Of the purposes authoriz-
Cd herein unit. the said State Highway
FuEd No. :. chef Mcnteur and Hammond
est and Redemption account shall have
been created and the State Treasurer shall
have transferred into 1t the funds hereby
directed to be transferred.
Sec. 6. BE 1t further enacted, etc, That
the proceeds of the sale of all bonds. notes
or certificates of indebtedness issued here
struction and completion of the Chef sIen-
tcur Road. and bridges in the parishes Of
Orleans and st. Tammany State of Louis
lana, and second. on and after reserving
and setting aside the amount necessary to
pay Tor the completion Of the Chef Mem
tcur Koad and for building nll necessary
bridges therefor. to pay for the construc-
tlon OF the said public highway from Ham
mond to New Orleans. and the building Of
all necessary bridges therefor.
| Sec. I. BE 1t further enacted, etc, That
| the Auditor Of the State Of Louisiana shall
keep record of all bonds, notes or certi-
| f1rates Of Indebtedness sold or outstanding.
ana snail Keep an accurate account of all
such specially definite funds.
Sec. 3. Ee It further enacted etc That
the Board OF Liquidation Of the State Debt
| Of the State Of Louisiana shall let the priv
ilegc to become depository of the special
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 indebted
ness sold, and provide always ready funds
for the payment of the principal and in
| tcrcst on such bonds. notes or certificates
of Indebtedness. All funds collected under
set apart and dedicated to the said STATE.
Highway Fund No. =. Chef Mcnteur and
Hammond-Ncw Orleans State Highways
dedicated for the construction and maintc.
| nance of the above mentioned highways.
and all funds arising from the sale OF sale,
shall bc deposited with the Treasurer
| the state In special fund as set forth, t
| be paid out rs herein provided and tn,
Treasurer Of the State is hereby authorized
| to pay out Of said fund all interest coupon
| que upon said bonds, notes or certificates .
| Indebtedness issued under the terms of thi
act. and all bonds notes or certificates .
Indebtedness becoming due hereunder.
See. o. BE 1t further enacted. etc. Tha
the motor vehicle licenses from the parishes
of Jefferson. st. Charles, st. John the. Bap
1asa; 'aan. Ian1sinpai,oa: aa1in st. Tammany and Or
certificates Of Indebtedness provided for fl
this act are fully paid, principal and in
tcrrst. and after the highways shall have
been completed with the funds dedicated fot
that purpose, shall then revert to said par
ishcs. and shall be paid into their respet
tive treasurics In the same manner as nov
provided for under Act No. 26O Of the Gen
erai Assembly Of the State of Louisiana TO
the year 1914. and in the same manner d
the said motor vehicle licenses are turnct
thereafter said parishes shall provide ou
OF said funds SO rcverting to them tn,
proper maintenance Of said highways pre-
special road Tax of P96',op of ona or ah
on the dollar collected under Article 201 O
the Constitution Of 1913 from the Parish
sta @hwsr hef sst parf pnG or dedisatsd % to tn
; and IlammondNcw Orleans State High
. ways at the expiration OF any fiscal yea
! shall revert to the state Highway Fund,
cral Assembly Of the state Of Louisian,
for the year 1910. and he applied In sucl
manner ms shall be now CT hereafter pro
. See. 10. Be It further Enacted etc. Tha
all laws inconsistent with or in confiic
with the provisions of this act are hereb
] Sec. II. BE 1t further enacted. etc. Tha
! ut the next congressional election to be he'll
( In this state, on the first Tuesday after tn
I first Monday Of the month OF November
c 1918, there shall be submitted to the elect
Ors Of the State the following amendmen
y to the Constitution, to-wit
e The General Assembly shall provide ia
G the laying out. construction and maint,
/. nance of the Chef Menteur and Hammond
: New Orleans State Highways and shall prt
e vide. by bond issue or otherwise. the rinan,
;. Ing OF the construction and completion Z
g said highways. And all provisions Of til
4 Constitution In conflict herewith are to th
= extent repealed and Act No. - or the Extr
9 Stats of Louisiana for the year 1918, cI
q titled IAN net to provide for the laying on
r construction and maintenance Of the Oh,
l. Mrnteur and Hammond-New Orleans Stat
d Highways, etc. etc. Is ratified and III
a proved.
, Sec. IL. BE 1t further enacted etc. tn,
d on the oi,cial ballots e be used In sal
p the amendment providing for the layfI
out. construction and maintenance Of II
It Chef Mcntcur and Hammond-New Orleal
l. State Highways, and the words Again
lc the amendment providing for the ;ayiI
II out. construction and maintenance Of Il
IL chef Mcnteur and lIammond-New Orleal
I, | Slate nlSnWays. ana each eiect0r snail ]
to dicate his vote on the proposed amendmcl
lr as provided by the General Assembly
h. this State.
n HEWITT I;OrANCHArD.
Or Speaker Of the House of Representative,
ne FERSAND MOTION,
III Lieutenant Governor and President Of 4
to Senate.
te approved: August II, 1918.
~ IL. q. PLEASANT.
IN " W "
ef 4 true copy:
te IL. IL. FLOWER.