The St. Mary banner., 1920-09-18

| may also construct warehouses, ele-
vators and other buildings and i'm
| provements upon the said canal. but
| the revenues from the navigation canal
shall be kept separate from the other
revenues of the Port Such canal rev
! enues shall be deemed to include
rentals of all lands leased upon the
| canal. lock charges, and charges for
| passages through the canal. If the
Board shall construct warehouses. ele-
| vators and other buildings or improve
| ments for public purposes on canal
| lands. the rental value of the site there
| of shall be fixed by appraisers ap
| pointed by said Board and the receipts
| from such warehouses. elevators and
other buildings or improvements shall
| be charged with the payment of such
rental value into the canal fund. The
| canal fund shall be applied first in the
| operating expenses of the canal and the
! maintenance thereof. and thereafter in
| payment OF the principal and interest
| of the canal bonds. and in the reduC-
| tion in the manner provided in said
ordinance of the payments and contri-
| buttons by the City of New Orleans
| through the Belt Railroad Commission
and by the Board of Levee Commits
sioners of the Orleans Levee District
If warehouses. elevators and other
| buildings or improvements be CON
structed or acquired by said Board
upon canal lands by the use of moneys
other than the proceeds of the said
canal mortgage, the receipts from such
warehouses, elevators and other build
mcnt of the rental value to the canal
fund. shall be deemed general reve-
nues of the Port. The interest on all
bonds issued hereunder shall be paid
semi annually by the Treasurer of the
| State of Louisiana at his office, and
at any other place or places within or
without the state designated i'll the
bonds Said Board shall place on de-
posit with the Treasurer of the State
to the credit of an account or accounts
to be known as Interest Accounts, in
such manner as may be provided in the
proceedings to issue the bonds an
amount equal to the interest on all
bonds that may have been delivered.
Said Treasurer is hereby empowered
and directed, and it is made his duty,
to pay or provide for the payment of
all interest that may become due upon
said bonds Said Board shall in addi-
tion in each year when any of said
bonds become due and payable. deposit
with the Treasurer of the State of
Louisiana. to the credit of an account
or accounts to be known as Redemption
Accounts. the amount of all bonds ma
turing or becoming payable. and it
shall be the duty of said Treasurer to
pay or provide for the payment of such
bonds. Such deposits shall be made
with the State Treasurer in timely sea
son for the payment of such principal
and interest and not less than thirty
800 days before the date when any
moneys become payable. 1t shall be
the duty of said Treasurer to collect
OF failure on the part of said Board to
make said deposits in an amount suf-
hcient to provide for the payment of
interest due or to become due, and for
the redemption of the bonds, the said
Treasurer is hereby empowered and di
rected. and it is made his duty, to
collect the charges and revenues of
the Port and to apply the same. after
providing for necessary operating ex
penSes and any prior charges. to the
payment of the principal and interest,"
of the said bonds, and for that pur-
pose and for such time as may be
necessary. the said Treasurer is hereby
authorized to exercise all the powers
and duties vested in the Board of Com
The accounts of said Board as a De
partment of Stat shall be subject to
audit and investigation by the State
Auditor or Supervisor of Public Ac-
counts, and the auditor shall counter
sign all bonds hereafter issued. The
Board may acquire real and personal
property subject to mortgage or other
lien and may make or execute pur-
chase money mortgages or property
acquired. Nothing herein contained
shall prejudice the right of the holder
of any bonds of the Port now outstand-
ing, or that may be issued under the
ordinance and mortgage heretofore
made and executed for canal purposes
to a segregation of such revenues as
are applicable to his bonds under said
ordinance and mortgage or other COW
enant of his bonds. This amendment
shall not repeal any statutes hereto |
fore enacted, except insofar incon- |
sistent herewith.
Section 2. Be 1t further resolved. |
etc, That on the official ballots to be |
used at said election shall be placed |
the words. For the proposed amend |
ment to the Constitution giving addi- |
tonal powers to the Board of Commits |
sioners of the Port of New Orleans in |
the financing and control of the prop |
I,,i,, ,iS-tr ion, Il
words, against the proposed amend |
ment to the Constitution giving addi-
tonal powers to the Board of Commits |
sioners of the Port of New Orleans in |
the financing and control of the prop |
erty under it's administration" and |
each elector shall indicate his vote for |
or against the proposed amendment as |
provided in the general election laws |
of the State. |
r. F. WALKER.
Speaker of the House of Representa- |
tiVes. |
HEWITT BOUANCHAUD.
Lieutenant Governor and President of |
the Senate.
Approved: July 7, 1920.
JNO. NJ. PARKER.
Governor of the State of Louisiana !
A true copy:
JAMES j. BAILEY,
Secretary of State.
ACT NO. 140.
House Bill No. 286-By Mr.. SChell.
JOINT RESOLUTION.
Proposing an amendment to Article 900 |
of the Constitution of the State of |
Louisiana as heretobefore amended |
relative to pensions for Confederate
Veterans.
Section 1. Be 1t resolved by the |
General Assembly of the State of Louis |
lana two thirds of all the members !
elected to each House concurring. That !
Article 303 of the Constitution of the |
State of Louisiana as heretobefore |
amended be amended and re-enacted so
as to read as follows: ,
Article 303. A pension not to exceed |
Thirty Dollars (s30.00) per month shall |
be allowed to each Confederate soldier
or sailor veteran who possesses all of