The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-10-07
CONGRESSIONAL election to be held Of

Congressional election to be held or
tho first Tuesday after tie first Mon
day in %cvcmher, 1920, lo-w't:
The Board Of Commissioners Of the
port Of %r,y Orleans shall. except as
otherwise nrrcir changed "rd am"ndH"'
have and exercise all powers now con-
ferred upon them by EonstitItiona,
Amendment. Additional power ana
iurisdlction may be conferred by Act oI
the Legislature. SAID I5rard sh"i' h"'e
full power and authority TO construct,
eytend and improve works for Por'
nurnoses within the limits OF tn Port.
inctuding wharvcs. docks. warehouses,
erain elevators, locks, slips, laterais
BASINS and other structures ana I'M
proyements, and may dreage shlp"ays'
channels. slips. basins and turning
basins in the MISSISSIPPI fIlVel. Pow
Board may without further leGlsiall'e
anactment borrow money and issue
notes and bonds under the 1ollo"lns
conditions and not otherwise: l. may,
with the approval OF the Governor aiu
the Auditor Of the State, lot Us pan,,'
purposes. borrow on notes loi loa'1
porary loans. payable "fthiH oii. ,roa
Thousand Dollars (s500.ooO) at any one
time outstanding, and may in addi 'ioh.
borrow money in anticipation OF INC
collection Of charges for wharlasc,
foliage, storage service ana LII.
charges which have been a..'" 10y
earned but have not Set t re- Gov
amor Of this State it may for puo'lc
nurnosps other than the payment o.
current expenses OF the fundlhs VI 80.
Sahtedness incurred or to be incurred
for current expenses borrow lnot c;s
and issue bonds to the amount OF ON
MILTON Five Hundred Thousand Jollars
Sta Zoo ooo). Said board may with TIE
approval of the Governor, and for HRs
nnrnOses borrow other and further
sums and issue bonds In the manner
following: When the Board shall nave
asoertained and certified IN "rltlHs ~
the State Auditor or the supervisor VI
pubiic Accounts the amounts Of rev.
anna and income of the Port for the
TWO fiscal years imm ediately, preceding,
after deducting therefrom the amour!
Of operating and maintenance charged
and expenses, and all sums payable
during said year upon maturing Prih-
Opal and interest of its bonded deot,
and tho State Auditor or the supervisor
NJ public Accounts shall have verified
and approved said certificate, the Board
may borrow money and issue bonds to
an amount the annual Interest upon
which is not In excess OF the average
net revenues for the two fiscal years
Immediately preceding as shown by
said certificate. The Board may add
to such net revenues OF tho n Pre- sta ~
Auditor or the Supervisor OF Public
Accounts, the net income and revenues
for such years of any revenue pro-
ducing wharf, dock, warehouse Gle.
yator or other structure to be acquired
by said Board by purchase or expro-
priatlon from the proceeds OF sun
Bond issue. The net revenues and IA.
shall be determined and certified BY
the Board and approved by the state
Auditor or the Supervisor Of Public
Accounts. said Board may also with
the approval Of the Governor borrow
money and issue bonds to refund
bonded indebtedness heretofore Incur
red or hereafter to be incurred ali III =
turing and becoming. payab!t "i :: .lI
one year Of the date Of such re'~"dins
Ali bonds issued under the foregoing
provisions, except as otherwise ex'
, pressly provided, shall run not more
! than Atty years from date, shall 81
issued in serial form, payable In annual
| installments, commencing not more
than ten 10) years from date, tht
amount payable each year TOR prln.
cipal and interest to be as nearly equa
Of principal may be fixed at Five Thou
sand Dollars i$5,OOO) or the neares
multiple thereof. Refunding bonds is
sued hereunder shall ha payable in I'll
nual installments commencing not more
than one year from date. All OF tht
said bonds shall have the same exemp
ton from taxation, and the Same priv
ileEs Of registration and release from
registration, and tho same eligibllit!
Tor deposit with the State OF. Its Of
ficers or any Of its political subdi
visions or municipalities as wa
granted by Article 921 Of the Constitu
tlon to the bonds therein authorized
Tutors of minors and curators OF IN
terdlcts shall be authorized to !nves
the funds in their hands In any Of sucl
bonds. Nothing herein contained shall
affect the power of said Board to issu
bonds for the construction Of the nav
igation canal under the ordinance an
secured by the mortgage heretefor
made and executed, and said Board !
authorized to carry into full efrect sal
ordinance and mortgage and to issu
mainder of bonds thereby authorized
and said ordinance and mortgage an
Tire contracts made with the Board 0
Levee Commissioners Of the Orlean
Levee District under date OF June 29tf
1918, February 2Gth. 1919, Novembe
18th, 1919, and the contract made wit
the City Of New Orleans under date o
August 18th, 1918, through the Bel
Railroad Commission to carry Int
effect Act No. 3 of 1918 In relation t
ned and Confirmed. Said Board sha
have the power to lease for manufac
turing, commercial and business pur
, poses, lands acquired for said cana
= Such leases may run FOR term nc
, exceeding twenty years at hXe
. rental without any provision for Re
newal, readjust:ne:it or reappralse;nen
:, but may run for & term not exceedln
a ninety-nine (s9) years, provided the
> shall contain a clause or clauses fo
reappra;ssl Of the premises and a r,
adjustment Of the rental at Interval
! not exceeding ton U0) years after til
: expiration Of the fist tWcnty-yea
a period In the event that the Sai
/ Board and the lessee cannot agree upo
: the readjustment and reappraisemen
= they each shall appoint an arbttratt
y who shall have the powers of amicab
:, compounders to whom the matter sha
.. be referred for. decision, and IN case
y disagreement they shall appoint an un
pire and decision Of any two shall
: binding upon the parties. Said Boar
= may also construct warehouses, ell
- - vators, and other buildings and In
y provements upon the said canal, b'
4 the revenues from the navigation can
- shall be kept separate from the oth'
;. revenues of the Port. Such canal re-
y enues shall be deemed to inciuc
y rentals Of all lands leased upon ii
= canal, lock charges, and charges Il
4 passages, through the canal. II Il
y Board shall construct warehouses, ell