The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-10-21
congressman election to be held on

the fist IueSdaE altel I"N
day in Not.whrr. 1920, to-"it:
The Eoard Of. Commissioning o, lne
Port of New Orleans SHAH, eNcept,
otherwise !,eretA rha9H"d .''lu "o,r CON
beve and exercise all powers now con
Farred uno} them by Constitutlonas,
Additional power am, nI
;nrisdiction may he conferred ny 49, %
The Legislature. Said board sh%ia . i."
fun power and authority 70 'oi, r port
extend and improve Wofks ~ 6ort
,,1rnos.s within the limits OF the o. :. ,
p ~ ia, ,,,Larycs. docks. warehouses
grain Elevators, locks, slips late1 a as,
TT,uins and other structures aiiu lr.
,',o,,nments and may drcdge shlp"aAs'
channels. slips. basins an, said |
bssins in the Mississippi hlNtI; i've
pnord NAV without further les, . 49,.
boS dt i,"S borrow money and issue
enc aS .l,Id hnndS under the ioLlo"lhs
nonditions and not otherwise: me-
e,.;+I Ne arnroyal of the Governor w! AZ.
tbe Auditor OF the State, iol ~ tn,,,
nurnoses, borrow on notes 10 raar
porary loans, payable Nl' L,.. Hundred
az az o ",, Dollars (S500,oOW AT any one
$50 Outstanding. and may IN auut w.
borrov money in Hntlclp'upl ~
collection OF charges Ioi ntSrr
foliage. storage service anu ,nniIv
charges which have nee" "a
hd
ealneu Win tht approval OF the 10Y
.rror of This state, II may lNl ~,
i,osas other than the pANme"t
current expenses ol the t"n"'"s curved
debtedness incurred or 70 W nnney
for current expenses p'..rM, NJ six
S az .ssT E,vs Hundred Thousand l,o44aIs
sss son nonl said board may WIN ,t ~
..nnroval Of the Governor ana ' t,t Wv
appross borrow other and urine.
sums and issue bonds IN the Tia havs
fsiIowins: When the boaro shati ~
sscertained and certf,eo lnh "I,t NJ
the State Auditor or the super ~.
p,,tijc Accounts the amounts OF rev
80 snd income of the Port Tor the
two HscsI wears Immediately preceding,
sTter deductiug therefrom the ahouhs
Of operating and maintenance cnalEeu
and expenses, and all sums payanIe
during said year upon mItuIins A. doh+
end me state Auditor or the supervise,
~ pmhl,c Accounts shall have Verineo
and approved said certificate, the boaro
nav borrow money and issue Dohus "
an amount the annual Interest upon
which Is not in excess or the aver
net revenues for the two hscal yealr
Immediately preceding as shown ey
saId certiacate. The Board may add
~ such net revenues of tho preceding
fiscaI years as certified to the state
Auditor or the Supervisor OF Publlc
Accounts. the net income ana revenues
for such years of any revenue flo-
ducing wharf, dock, warehouse, ere.
vator or other structure TO NC 1cIUil u
by said Board by purchase. or expire
Mia ZION from the proceeds of such
bond issue, The net revenues an ,i;, ~.
come of such revenue producing ullIls ~
shall be determined and certihea o!
the Board and approved by the State
Auditor or the Supervisor OF fuUL,
Accounts. said Board may ALSO VIII
the approval of the Governor poTroM
money and Issue bonds TO refunt
inU Indebtedness heretofore incur
red or hereafter to be incurred ard ma
turing and becoming. payable Nj,!nl,
ono Year of the date of such reIunding
| Ali bonds issued under the foregoing
| provisions. except as otherwise e4
grossly provided, shall run not NOR
than fifty years from date, snali .
, instailments. commencing not NOR
, than ten (1o) years from date, tn
amount payable each year for prln
!, cinal and interest to be as nearly equa
Q as practicable, but annual installmeht
r of principal may be fixed at FIVE Ihou
!, sand Dollars $4,000 or the nss't Is
d sued hereunder shall be payable IN an
q nual installments commencing not NOR
3 nuao one YEAR from date. All of tn
: said bonds shall have the same exemp
= ton from taxation, and the same PRIV
y ilege Of registration and release lr ,I
registration, and the same ehgtoilat
e fTa or any Of its political subd
d Visions or municipalities, as wa
l. granted by Article 321 Of the Constitl
II tion to the bonds therein authorize
10 Tutors of minors and curators OF II
>! terdicts shall be authorized to lnve
l. the funds in their hands in any OF sue
d bonds. Nothing herein contained sna
W affect the power of said Board to 1881
l. bonds for the construction of the ma
l. iration canal under the ordinance al
c. secured by the mortgage heretoto
made and executed, and said Board
authorized to carry into full ef1ect "a
D. ordinance and mortgage ana 70 lse'
and sell for canal purposes the :
mainder Of bonds thereby authosiae
OF and said ordinance and mortgage "a
ME contracts made with the Board
f.evee Commissioners of the Orlea
I,eyee District under date Of June 2s'
10. 1915, February 26th, 1919, Novemb
18th, 1919, and the contract made WI
the City Of New Orleans under date
August 18th, 1918. through the ~ 81
effect Act No. 8 of 1918 in relation
f,ed and CONFIRM ed. Said Board sh'
have the power to lease for manufa
n turing. commercial and business Qu
10 ~. poses. lands acquired for said can
" " Such leases may run for term r
~ exceeding twenty years at q ny
~ rental without any provision tor
W. newal, reimbursement or reappraiscms
ms, but may run fer term not exceed!
;ns ninets-nine {S4) t'y%rs, provided til
ly shall contain e cause c" clauses
-, ~ reappraisa sal Of the premises and
- adjustment Of the rental at interv
"a not exceeding ten (10) years after
'eu expiration of the first twenty-yt
a period In the event that the 81
~ Board and the lessee cannot agree W
~ the REIMBURSEMENT and reappraiseme
M they each shall appoint an arbitra
0tn ~ who shall have the powers Of AMIGA
rs NV compounders to whom the matter sh
s disagreement they shall appoint an u
M pire and decision Of any two shall
hIs binding upon the parties. Said Bo
10 may also construct warehouses, {
ny vators, and other buildings and
.hv provements upon the said canal,
orS the revenues from the navigation ca
m. shall be kept separate from the OF
~. revenues of the Port, Such canal r
~ enues shall be deemed to incl
IN rentals Of all lands leased upon
vsa canal, lock charges, and charges
sed passages, through this canal II
,siv Board shall. construct warehouses,
,sy vators and other buildings or impro
IA ments for public purposes on ca
i,ns lands, the rental value OF the site tht
Of shall be fixed by appraisers
a., pointed by said Board and the fece
..toj from such warehouses, elevators
w. other buildings or improvements 81