The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1920-08-28
.ollowIng: When the Board ahau h.x.

: Yer deducttng therefrom the amour
D ana ing and maintenance charge
~ 81 expenses. and all sums payabl
. iiins said year upon maturing prin
: pa ana interest of its bonded deb
agu the state Auditor or the Supervise
| Snd e uic accounts shall have verifie
nIa, approved said certificate. the Boar
may Dorrow money and issue bonds 4
an amount the annual interest upo
n mIicn is not in excess of the averag
net revenues for the two fiscal vaa1
immediately preceding as show1 -,
sara certificate. The Board NAV ad,
| a. Such net revenues of the precedinI
ASuHt years as certified to the Stat,
Auoitor or the Supervisor of Publi,
| accounts, the net income and revenna'
1 LOT sucn years of any revenue nro,
uucIns wharf. dock, warehouse. ele.
he OF 9ther structure to be acquired
oy s9ld Board by purchase or expro-
prlauon from the proceeds Of sucb
Dono issue. The net revenues ana i'm
e e or such revenue-producinE utility
The RE determined and certified by
a Are boaro and approved by the State
a Auuluor or the Supervisor Of Public
accounts Said Board may also with
m moe nPpT snS Of; Of the Governor borrow
bonded indebtedness heretofore tncnr-
teu OF hereafter to be incurred and ma
o Turing and becoming payable within
All eas OF the date of such refunding.
al ponos issued under the foregoing
PROVISIONS, except as otherwise aT
pressIy provided. shall run not mare
man nan n1ty years from date, shall be
insIefi, IN serial form. payable in annual
ths allnents. commencing not more
e.an ten lO) years from date, the
payable each year for urin
q = psi and interest to be as nearly equal
as practicable. but annual instaflments
OF principal may be fixed at Five Thou.
SAND Dollars ($5,o00) or the nearest
s,I thereof. Refunding bonds is
nual installments commencing not 49, |
man one year from date All Of fhe
sald bonds shall have the same eyamn
lon lon. rom taxation. and the same priv
,,egistration, and the same eligibiIitv
sor deposit with the State or its NJ,
1cers or any of its political suhdi-
.lons or municipalities. as was
ION to the bonds therein AUTHORIZED
lutors OF minors and curators of in
81 shall be authorized to invest /
.onds uHuS IN their hands in any of such
illus Nothing herein contained shall
IeSt the power of said Board to issue
ohus Tor the construction of the nav
sslion canal under the ordinance and
I'D py the mortgage heretofore !
,aIe anu executed, and said Board is ! !
uSnorlzed to carry into full effect said
roIhance and mortgage and to Issue
~ sen toT canal purposes the re- :
lander OF bonds thereby authorizad :
no said ordinance and mortra1a 49, y
ne contracts made with the Board Of q
eVee commissioners of the Orleans {
e S1S EDlstrlct under date of June 2sth, :,
~, February 26th, 1919. Novemhar y
IN, 1913, and the contract made WITH u
e CITY OF New Orleans under date of II
ugost 18th, 1918. through the Bell ,
En-. AZ. commission to carry into n
iect ACT NO. of 1918 in relation 70 y
10 Navigation Canal are hereby rati. n
a and confirmed. Said Board shall a
We the power to lease for manufac- ~
ring commercial and business mr. 81
ses, lands acquired for said caPnni as
en- leases may run for a term NOT a.
ceeolng twenty years at fixed ~ 81
u va wIthont any provision for re- ~
may run for a term not exceedinS a
nine (9S) years, provided thew ~
All contain a clause or clauses To- ne
ii i'lt, OF the premises and a re- MI MI
exceeding ten (10) years after tbs 40
1lration of the first tWentv-vear sa
100 In the event that the SAID I'M
ra aIu tne lessee cannot agree upon ~,
readlustment and reapprafsement CIR
eacn snail appoint an arbitrator ne
. shali nave the powers of AMIGA bile ~,
rpSSunaers to whom the matter shall tbt
syrea gu lot decision, and in case of AZ
and decision of any two shan he me
1lng upon the parties. Said hoard tne
also construct warehouses. ele pyeI
ors, and other buildings ana IN the
vements upon the said canal h,t ane
revenues from the navigation canal Leo
y De kept separate from the otber her
I. VI ehe Fort. Such canal rev -
IS shall be deemed to incinde ner
ais OF all lands leased unon IT, tloI
ages, through tbe conaIsTs Ior fun
I'd shall Construct VIZ rahH.I the atel
RS and other buiIdinoae NJ uses, eie- vid,
Is LOT public purposes on canal aho
'hall be fixed hv annraiS ne there- thrt
such Saiu board and the receipts p,
pull9lngs or improvements shall s shai
nareed with the payment of sncb me
fund pe sh nnfO be- the sn Gana fund The Sold
ating expenses of the canal IA me Sc
tenance thereof. and thereafter II etc,
rent OF; the principal and Interest 81 uoi
q canai ponds, and in the reduc- sn nS
ance of the payments and cort-. TO
ms by the City of New OrIaens tolio
gh the Belt Railroad Commissaar Der
py me Board of Levee Commits a,
rs OF the Orleans Levee District a.
arehouses, elevators and otba. there
ted or acouired ~ 1e con- stitu
c4 tL lands by the use of moneys Vats,
thAn tne proceeds of the said 80
mortgage. the receipts from s,1nS propt
louses. elevators and other build me me
or improvements after the paw a s@st a
shall be daera5 " the canal Indie
of the Port. The i6tarl reve- electi
issued hereundsr shaIGst on all not
by the Treasaro De paid ment.
, other Macs "a at ms OFFICE, and SpeaI
1T the State desiSn WITHIN or tive
with the TreasnS alI place on de- Lieut.
credit OF an accas, oI the State the
known as Interest A OF accounts APE
tanner as may be provided in the q
Vinss 10 issue the bonds. An trI
equal to the interest on Ali TN
rraa snra may nave been delivered. s.
recteo, and 1t is made his dutv
crest that ma ror me the payment of House
esoh Saiu Board shall in addi-
become due an Mne en- any Of said Propo,
he Treasnrar yaoAe, deposit of
ma. to the cradIt the state of Loui
snts 70 De known as Redemption lion
q, the amount of all bonds ma So,
or becoming payable. and ~ arsf
the duty of said Treasurer to iana :
PROVIDE Tor the payment OF such "a - ~
: S S deposits shall be made lov~inr
the navnant IN timely sea- ton of
crest and not less than thirty ~. ~,
" before the date when any hsIa nr
v Of asid II snail De Monday
posits as aforesaid, and In case 49,
" on tne part Of said Board 10 exemnt
10 deposits In an amount suf- via
2 a,, pr0viae for the payment OF iigious
,%P p q the bonds the ssid ssRRoSupG,
= hereby empowered and d. exci,,SI-
M u Is made his duty. to iaferG 4
me charges and revenues Of chsrital
: for nacs 10y the same. after and pro
'nc any prior charges, to the COLLEGE
81 me principal and Interest real ~
ai1 ponds, and for that pur- library
: ~ s such time as may be associat
"a 70 exercise all the nowarS cal a.,