The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-10-14
.ned said board shall have tho mower !,

firmed. Said board shall have the power TO
lease for manufacturing. commercial and
business purposes, lands acquired for said |
canal Such leases may run for a term not
exceeding twenty years at fixed rental |
without any provision for renewal, readjust-
rnent or reappraisement. but may run for 4
term not exceeding ninety nine years, pro-
vided they shall contain clause or clauses
adjustment of the rental Mt intervals not
exceeding ten years after the expiration of
the first twenty year period. In the event
agree upon the reimbursement and reappraise
ment they each shall appoint an arbitrator
who shall have the powers of amicable com
FOUNDERS to whom the matter shall be re-
ferred for decision, and in case Of disagree
ment they shall appoint an umpire and
decision of any two shall be binding upon
the parties. Said board may also construct
warehouses;. elevators and other buildings
and improvements upon the said canal. but
the revenues from the navigation cana!
shall be kept separate from the other rev
shall be deemed to include rentals of all
lands leased upon the canal, lock charges
and charges osr Tor hssagcs through the canal
elevators and other buildings or improve
ments for public purposes on canal lands.
the rental value of the site thereof shall be
fixed by appraisers appointed by said board
and the receipts from such warehouses. ele-
vatoIs 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 reduction in the manner pro-
vided in said ordinance of the payments and
cont ributions by the City OF New Orleans
inronsn p liz '"f ,a " ~
Orleans Levee District. If warehouses, ele-
vators and other buildings or improvements
be cons.rneteu OF agau.rea ey s;lau poa i.l'a
| than the proceeds of the said canal mort
| gage, the re9eip!s from sucn Wafehouses
elevators ana otner pulia s rs OF lmprove
ments sItcI the pa!hehi o. tne ren,ai viii..'
to the canal Juno, shaii pc deemed general ~
revenues ol inc por5. ne uateres. on q
bonds issued herernaer snail De pala semi
| annuity oy tne 1re:isufef oi Ihe Stttc q
Louisiana at his Office, and Mt any other
place OF places Wltnln or withouI tns s,a ',,
| deslghalca IN ine nohas. Salu Doafd sn.ii
State to the credit OF an III, account or az e,
counts 10 ne SHOWN as interest aeeounes' y
| such inanneL as hsh! ne pIuNAueu ~ u.
~ H. interssy an nj hands s that noav
equal TO INC interest On al bonus tnilt may
| nave oeen oclserSu saIu AIefsrsl - nvls
py ento"ereu anu ulleG a anu a.. y y nant
ms ~ pay +h ba na aoa ane
OF AL interest," ILL iha! pecohie 5uuc upol
said eonus. salu poafu siiali ~ aauiuo il. u
saea var wnan any 2, sai . p .,, naen,.
use ahu tas ueps. Win III, .i rai;t ~
| OF the state OF Louislana. 70 Ine creuit "
| an account or accounts 70 ne known i.s rs
dehlption ascnnmts. ane ;nlonnt OIL III p1iio i
matnrllg OF eeeo con, NJ payaple, anu II snal
pc the auth ~ sann III ea - pay S PA
VIDE .or tne pavnen. OF sueh p s. suci
deposits shaii De mace Win me oiate aIcil y
urer III nme season hol the pasn nt ,a u
| sucn Principai anus,iHteIest anu nol ns'
than thirty DAYS peleTe ihe uaie Whsn an AZ!
MONEYS pe IS pa.sap :. shai =, ,pS ~
auty OF saiu aisasuIsf 70 collect s9 fen mpo Z.
us ts rs anu ~ pase =. .,d dnn,s; \,
tue part OF sala DaaIu 70 MAKE sla aepos 81.
IN an amount suhcient 70 proviue TOT IN
payment o. inIerest que OF 70 Decome a ny
anu LOT tue Ieueinptlon ol ane Donus' ~
sald treasurer Is heIeDy empowered i'm
| nrecteu. anu " y mNue NE uuty, - eotict
the charges anu revenues OF me po CIT anu , =
| Apply the sumo, iIter pfoNluins ioI nesss
sary operating expenses ana any prlo
charsss, 70 tae pasMiaahs 81 Tue tI.ne tlaa
and interest % the saia ponas, ana TOT o, ina ina
purpose ana TOT Such thne ~ may De NY
essary, the said treasurer 81, rs nereDy aa.noi
lzed 10 exercise All tne powers anu cutie
vrs.ea IN me bo a Oh e9 %hn ,r.s
tF IoIl y! WV oaisans. - .t mi !,
Subject to audit and Investigation BY til
, counts and the auditor shall countersig
all bonds hereafter issued. The hoard ma
acquire real and personal property subiet
execute * cut purchase money mortgages or pro-
e erty, acquirsd Nothing herein so l1lai.
s ss'i h..,,1J ~ tba newt now optstandinr
: that may be issued under the ordinance I'M
o mortgage heretofore hade and executed X
t canal purposes to a segregation of such re-
enues as, are applicable to his bonds undt
t said ordinance and mortgage OF otner 60
enant OF ms Donas: niS u s4a
: nor repe:il any s,alulss h uae'e
except insofar US lnSolsls.shl Hens e III,
bs II Lartner = LesH n. Nod ~ sa
On tne oncE,l ptllo.s 70 pe useu ~ /. ~ =.
II eiectlon shaIi pc piaceu Tue Morus, -.
{, Tue pIoposeu aiusnuilcna ~ ny ~ ~, H..
. tion glvlnk adai.ionai po"Gls 70 tIs no, -
OF Commlsslonefs u the IoEt ~ VIEW ~
leans IN lhe nnaaehg u g9n.lol ~ !. y
property unuer rs ISL y , an
< Morus. .Is paolS,; t;ni ,.,a1.
!, tne 1onsItusion Eni;ns M ~ w on 10
Nav 9slaan ~ in the tinanc;np and control
UIlens IN luz ~. e.; I'M M, !. !,
q tae pl1pety u t,.m , ia his r..to fo,.
q eaen .eis9lo. smai a,,as ,an+ =. n,nvia
against lne propostu. ~ - ~. ~ p.4
10 III lne scnciai eieIsion ~ y. sne
u -. n. = ~ AI Da.,r.a,,+ +;,,.
y Spfaker u the iiouse "a ~, NJ, ,, "a
~ ~. - d. S.,s;,art - - !
~ Liea, S " oseiHot S"nu .. = -
y n',
- approved: Jnly 6. Io-u.
IS JNo. NJ. PARKER,
g Governor OF the State OF Louislar
III 4 t,ue copy.
u LINES R.JLEy Secretary Of State
OF n ---------- - e s5
Y ACT No. 40.
nt ,. pan ~ pos Il d, ur sch,
us iiooSe Aiii ~. -oo -
~ JOINT RfoOLUIiON
u, | Promising an amendment TO Article 5OS
40 fhe constitution Of the State of Louisia
ef as berrtohef0re amended relative to ~
Us sions for Confctlcratc veterans
ne :, = :. ,, IA, Az, f,ava
nc Secu9n ne IL Issoiss W ny ,i ny -
ne 1Ssenuis u III ssles ~ ~ 10 ~ ~,
re- tnlrus 0I MI meuers 5na ~ ~. ~