The Natchitoches enterprise., 1920-09-02
Congressional election to be held on
the flrst Tueeday after the hret Mon.

inc HFSt TuO00oy AFTER the nTet Mon
day in November. 1920, to-wit:
The Board Of Commissioners OF tn
Port of New Orleans shall. except Al
otherwise herein changed and amended
have and exercise all powers now con
ferred upon them by Constitutions
Aimen9dment ..9 Omen. Additionai power ant
the Legislature. Said Board shall hav,
full power and authority to construct
extend and improve works for Por
including wharves. docks. warehouses
grain elevators. locks. slips. laterals
basins and other structures and i'm
provements. and may dredge shipways
basins in the Mississippi River. Said
Board may without further legislative
enactment borrow money and issue
eonditians and Don1 no, uunr n,hir she lo1ioMnns
with the approval Of the Governor and
the Auditor Il the State. for its public
purposes. borrow on notes for tenn
porary loans. payable within one year.
an amount not exceeding Five Hundred
Thousand Dollars ($50O.0O0) at any one
time outstanding. and may in addition.
collection Of charges for wharfage.
foliage. storage service and other
charges which have been actually
es, earned y,. Snt have "a. not yet been re-
ernor Of this State. 1t may for public
purposes other than the payment of
| current expenses Of the funding of in
debtedness incurred or to be incurred
for current expenses, borrow money
| and issue bonds to the amount OF Six
Million Five Hundred Thousand Dollars
N6.5o0,o ,o00). Said board may. with tho
approval Of the Governor. and for like
purposes. borrow other and further
sums and issue bonds in the manner
| following: When the Board shall have
asce1tained and certified in writing to
the state Auditor or the Supervisor Of
Public Accounts the amounts Of rev.
enue and income of the Port for the
two fiscal years Immediately preceding.
| after deductinE thcrefrom the amount
OF operating and maintenance charged
and expenses and all sums payable
cfpal and interest Of Its bonded debt.
Of Public Accounts shall have verified
| and approved said certificate. the Board
may borrow money and issue bonds to
an ah,ch SnEunt o IT. the annual interest upon
net revenues for the two fiscal years
Immediately preceding as shown by
said certificate. The Board may add
si' years. rs as es"ed to %s s,.ss
Auditor OF the Supervisor Of Public
ACCOUNTS. the net income and revenues
Tor such years Of any revenue pro-
vator or other structure to be acquired
Priation from the proceeds of such
poHN lUBue: fRe net revenues ana In.
shall be determined and certified BY
the Board and approved by the State
ASaisG1 or 1s shs ss"Ds,v!sor Of ruSis
the approval Of the Governor borrow
money and issue bonds to refund
bonded Indebtedness heretofore inour-
req or hereafter to be incurred and ma.
one year Of tho date ef saea refundin..
All honda teeueA under the foregoin1
provisions. except as otherwise OK.
nSss,slx 1Ssn SftH nFoy:dea' 1n shall run not mere
ISSUED in serial fern., payable in annual
than ten lio) years from date. the
cipai and interest to be as nearly I saaal @
as nEacticahle. hut annual ntallmsnts !
o. hF!neipnI %aE hs soa, ,,1 cd at Five Thou.
sued hereunder shall be payable in an
nual instaliments CONNIE ncing not more
th,a tnsn sgnn sons yssr s !, fsom dste,zAA ct the
ton from taxation, end the same priv |
ilege Of. registration and release from
fsr deposit with. the state or its Of
visione or mun;cipalities. az was
granted by Article al Of the Constitu-
ton to the bonds therein authorized.
Tutors OF minors and curators ef In.
the funda in their hands In any OF such
bonds. Nothing herein contained shall
anect the power Of said Board to issue
lgation canal under the ordinance and
secured by the mortgage heretofore
made and executed. and said Roard is
authorized to carry into fnu erect said
ORDINANCE and mortgage ana to issue
Of bonds thereby authorised.
and aaid ordinance and mortgage and
Levee Commissioners of the Orleans
Levee District under date OF June 18th,
1918. February 2sth. 1919. Noyemtar
18th: 1919. and the contract made with
august 18TH, isti tSroawn SHs' tho 'f seit Gt
Railroad fommtssion to carry into
'nect Act No. OF 1913 In relation to
led and confirmed. said Board shall
,ave the power to lease for manufac-
uring, commercial and business pvy.
,oses. lands acquired for said canal
twenty yeata At nxed
e%s %y oe ssn
tut may run for a term not exceeding
hall contain a clause o. clauses for
djpstmsat al nts.s's re"ssi :. "na i",esve. r..
~ I, estGiesa'ng e tien ten de5 years s'Ser the
board and the lessee cannot agree ,no,,
ne read1ustment and reappraisement. III
hey y each shall appoint an arbitrator
ompounders to whom the matter shall
e referred ter decision, and in case of
isasFecment they shall appoint an um-
IRE ana decision of any two shall be
nay also construct warehouses;. ele-
ators. and other buildings and i'm
rovements upon the said canal but
ne revenues from the navigation canal
evenues. Of the Port. Such canal rev
nues shall be deemed to include
entails Of all lands leased upon the
assages. through the canal, II the
oard shall construct warehouses;. eIe
ators and other buildings or improve
tents tents for public purposes on canal
I shall be nxed by appraisers ap-
einted by said hoard and the receipts
rom such warehouses. elevators and
enef enapsed wItb or thu shall
Entail value into the canal f0nd. The
ANAL fund shall be applied first in the
perating expenses OF the canal and tn
axment Of the principal and interest
tho canal bonds. and in the reduc-
on in the manner provided In said
rdinancs OF the payments and contri-
rough the Belt Railroad Commission
nd hy the Board of Levce Commits
Oners ct the Orleans Levee District.
nildings or improvements be con-
ructed or acquired by said Board
pom canal lands by the use of moneys
lher than the proceeds of the said
nal mortgage. the receipts from such
arehouses. elevators and other build
KS or improvements after the pay
ent OF the rental value to the canal
md shall be deemed general reve-
lee of the Port. The interest on all
'nds issued hereunder shall be paid
mi annually by the Treasurer Of the .
ate OF Louisiana at his office, and
any other place Or places within on
ithout the State designated in >As1
'nds. Said Board shall place eH DE-.
'sit with the Treasure; " The state