The Bossier banner., 1918-10-24

Account" out of the first funds collected
and received for the said State Highway
New Orleans State Highways" sum suf-
ficient to pay the principal and interest
upon any bonds, notes or certificates of in
been sold and delivered for the period Of
one year ensuing. and to maintain in said
special accounts styled State Highway
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,
also sufficient to pay all 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 Of Indebtedness
authorized hereby shall have been issued
and delivered. no part Of said State High
mond-New Orleans State Highways" shall
be applied to any Of the purposes authoriz-
ed herein until the said State Highway
Fund No. 2. chef Menteur and Hammond
New Orleans State Highway Bonds, Inter-
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. g. BE 1t further enacted, etc. That
the proceeds OF the sale of all bonds notes
or certificates of indebtedness issued here
under shall be used first to pay for the con-
struction and completion Of the Chef Men
teur Road, and bridges in the parishes of
Orleans and st. Tammany, State Of Louis
lana. anu second, on and after rcscrving
pay for the completion OF the Chef Men
tcur Road and for building all necessary
bridges therefor. to pay. for the construc-
lion OF the said public highway from Ham
all necessary bridges therefor
Sec. q. BE 1t further enacted, etc, That
the Auditor Of the State OF Louisiana shall
keep record Of all bonds notes or certl-
DOl nro ,fcfn
and shall keep an accurate account of ali
such specially definite funds
Sec. q. BE 1t further enacted. etc, That
Of the State Of Louisiana shall let the priv
ilege to become depository of the special
fudds provided for under this act and said
Board shall have the discretion to let such
FUNDS under such terms and conditions as
VIII provide an advantageous negotiation of
the bonds, notes or certificates Of indebted.
ness sold, and provide always ready funds
tcrcst on such bonds, notes o.. certificates
Of Indebtedness. All funds collected under
the provisions Of this act. which have been
set apart and dedicated to the said :. State
Highway Fund No. 2. Chef Menteur and
Hammond-Ncw Orleans State IIfyhwnys.'
or which may hereafter be set apart o..
acaicated Tor the construction and mainte
nance Of the above mentioned highways
ana all funds arising from the sale of sale
bonds, notes or certificates Of indebtedness
shall be deposited with the Treasurer O
be paid out as herein provided, and th
Treasurer of the State Is hereby authorized
to pay out OF said fund all interest coupon
due upon said bonds, notes or certificates OF
Indebtedness issued under the terms Of thi,,
act. md all bonds. notes or certificates Of
Indebtedness becoming due hereunder.
Sec. D, Be it further enacted. etc, Tha
the m0tSr vehicle licenses from the parishc
OF Jefferson, st. Charles, st. John the Bar
fist, TangipahOa. st. Tammany and d,
leans leans collected after the bonds. notes
this act are fully paid, principal and IN.
tcEcst. and after the highways shall hnyr
been been completed with the funds dedicated ID.
mat purpose, shall then revert to said par
ishrs: and shall be paid into their respcc-
tive treasurics In the same manner as now
provided for under Act No. 26O of the Ger
crni assembly of the State Of Louisiana 70"
the year 1914. and in the same manner a
the said motor vehicle licenses are turnc.
over to the other parishes Of this State, an
thereafter said parishes shall provide ou
proper maintenance OF said highways: pr,
vidcd further, that any portion OF tb,.
special road tax Of onc-fourth of one mill
the Constitution OF 1913 from the Parish o o;
orleans. mot set apart or dedicated to the
state Highway Fund No. ?, Chef Mcntcur
and Hammond-New Orleans State High
Ways Ways. Mt the expiration Of any fiscal year
shall revert to the State Highway Fund"
:,s provided for in Act No. 40 of the Gen
sral assembly OF the state Of Louisiana
manner NJ shall be now or hereafter pro.
vided by law.
Sec. TO-. BE It further enncted, etc. That
all laws Inconsistent With or in conflict
with the provisions Of this act are hereby
Sec. II. Be 1t further enacted, etc. That
in this State, on the first Tuesday after the
nrst Monday OF the month Of November
1918, there shall be submitted to the elect
ors OF the state the following amendment
fr-Vx
The General Assembly shall provide for
the laying out. construction and mainte-
nance Of the Chef Menteur and Hammond
New Orleans state Highways and shall pro-
vide. by bond issue or otherwise. the inanc-
| Ing Of the construction and completion OF
| said highways. And nll provisions OF the
| constitution In conflict 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, en-
titled An act to provide for the laying out.
Mcnttur and Hammond-New Orleans State
proved.
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 maintenance of the
Chef Menteur and IIammond-New Orleans
i State Highways, and the words Against
the amendment providing for tine laying
out, construction and maintenance Of the
chef Mcntcur and lIammond-New Orleans
State Highways" and each eIector shall in
| dicate his vote on the proposed amendment
as provided by the General Assembly OF
| this State.
HEWITT BOrANCHArD.
speaker Of the House Of Representatives
FERSASD MOUTON
| Lieutenant Governor and President Of tho
Senate.
| Approved: August IL, 1913.
Il. &. PLEASANT.
Governor Of the State Of Louisiana
a true copy: