The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-08-26
gresgionai election to be held or

eleSLloh " w
the first Tuesday after the first Mon
day in November. 1920, to-W't:
The Board Of Commissioners OF the
Port of New Orleans shall. except a
otherwise herein changed and anthutu
ferred upon them by CONSTITUTIONS,
Amendment. Additional power ana
jurisdictions may he conferred by Act Oh
the Legislature. Said Board shall nave
full power and authority TO constTuct:.
extend and improve works Tor foIt
purposes within the llmts OF tns roa -
including wharves, docks. warehouses
grain elevators locks, slips, laterals'
basins and other structures ana I'M
proyements, and may dredge snlp"ass'
channels. slips, basins ana turning,
basins in the Mississippi RlVer: saiu
Board may without further leg,sia:line
enactment borrow money and issue
nntes and bonds under the following |
conditions and not otherwise: l. may; ~,
with the approval of the Governor anu
the Auditor Of the State. Tor us pun
PURPOSES borrow on notes LOT te
porary loans, payable within one ne. ys si
an amount not exceeding Five Huncreu
Thousand Dollars (s5O0,o00) at any one
time outstanding and may In adoi tlul,,
borrow money in anticipation Oh lno
collection Of charges Tor VIA t,ar
foliage, storage service ana ot,iIu
charges which have been ac.ua .re,
earned but have not yet beeh We
ceived With the approval Of the COY
ernor of this State, it may Tor pu'intf
nurnoses other than the paYmeh. ~
current expenses of the fundihs VI nd
debtedncss incurred or to De i'io ,,.nnev
| for current expenses, borrow ny Civ
and issue bonds to the. amount 1 o, as
.se,rov,o,yS If the Governor, and for IKE
Witnesses. borrow other and furtner
sums and issue bonds in the m n, ahav e
| following: When the Board sha.; me- ~
ssnertained and certified in writing ~
s as r tatn' Auditor or the Supervisor OF
pmhlir Accounts the amounts OF reS
aawa and income of the Port LOT lhe
NC sscal wears Immediately preceuinst
liter deducting therefrom tne a,,rpni
az operating and maintenance cnan ,a
and expenses. ana an SUNS t,,r;,ps min
o o;nsi and interest of It's bonded debt.
. ~ +hs state Auditor or the supervisor
60 puhIic Accounts shall have VeTi1lea
va ennroyed said certificate, the boaru
NAV borrow money and issue bonus "
an amount the annual lnt yer ays rpee
which is not IN excess .bs two 1e t fiscal years
immediately preceding as SHOWN ny
,nia certificate, The Board may add
90 such net revenues of the preceding
sscaI wears as certified to the otate
auditor or the Supervisor or iuplc
Accounts. the net income ana reveT nres
IN such years Of any revenue pro-
lon wharf. dock, warehouse. ele..
vator or other structure. to he ACQUIRED
bv aaid Board by purchase. or expro-
ny I tion from (the proceeds of such
bond Issue. The net revenues ana IN.
come Of such revenue.producing usil 10y
shall be determined ana cet thn s,a ts
auditor or the Supervisor of Public
Accounts. said Board may also with
: the approval of the Governor borrow
money and issue bonds to- refuno
bonded Indebtedness heretofore incur
red or hereafter to be incurred ma h'a.
turing and becoming payable ~ltnir
All bonds issued under the foregoing
I provisions. except as otherwise ex'
pressly provided, shall run not more
! than Atty years from date, shall bt
t issued in serial form, payable IN annua
} installments, commencing n0t iho o.
. than ten (1o) years from date IN
amount payabls eac =. year nsa ri, eaua
e as practicable. but annual install,m m
r If principal may be fixed at Five Thou
|, eand Dollars js5,OO0) or the neares
d multiple thereof Refunding bonds Is
d aued hereunder shall be payable IN an
nual installments comm mel. noe Of h tn
!. said bonds shall have the same exemp
y tom from taxation, and the same priv
y i1ere of registration and release fror
resistration, and the same eligibilit:
i. Tor deposit with the State or Its Of
'e ficers or any of Its political suodl
d visions or municipalities, E az we
II finn to the bonds therein authorized
le tutors Of minors and curators OF In
3: terdicts shalt be authorized to inves
/. the funds in their hands in any OF sue
d bonds, Nothing herein contained sha
W affect the power of said Board 10 lssu
/ bonds for the CONSTRUCTION o. tne nav ia
C. SECURED by the mortgage heretotol
made and executed, and said Board
authorized to carry into full erect, sa
a. ordinance and mortgage and to 1851
and sell for, canal purposes tne r.
mainder OF bonds thereby authorize
OF and said ordinance ana a. m ,e nasrd q.
I,eyes Commissioners. Of the Orleai
Lsyee district Under date Of June 29t
ia. iaf8. FEBRUARY 26th, 1919, Notemb
18th, 1918, and the contract made WI
the City OF New Orleans under date
August 18th, 1918, through the be
Railroad Commission to carry In
effect Act No. 3 of 1913 In felation
Aed Al Ind esnfirmsd said Beard shl
=. have the pswer to lease fer, ltlanufa
m tijrinE. commercial and business pu
a., hoses. lands acquired for said can
" W Such leases may run for d term n
a. exceeding twenty years at NIX
20 " rental without any provision for
~, i1ewal, feadjustfnent or reapprAisemel
ne, but may run for a term not excsedi
, ,an ninetS.nihe tss) years, provided tn
'Iw shalt contain d clause or clau!es !
ny reappraisal Of the premises and a
In IN adjustment Of the Rental at intefv.
.as not exceeding teh {10) Years after
'ee etuirAtion of the first twentyafs
-. ~ bsriod In the, event that the 81
,mSs Board and the lessee cahrot agree Tip
~ the REIMBURSEMENT and reappralseme
AZ they each shall appoint an afbitfa
w, whs shall have the powers Of AMIGA
'ew w compounders to whom the matter sti
au, disagreement they shall appoint an u
Ivy pire and decision OF any two shall
i hs binding upon the parties. Said Boz
Wy may also construct warehouses, G
T -, yatorp, end other buildings and
A III, provsnients upon the said canal
~ ouy the revenues from the navigation ca
a az. shall. be, kept separate from the OF
~; ~ revenues OF the Port, Such canal r
I, ,p pt' enues shall be deemed to ihci'
= in rentals of all lands leased upon
ved canal, lock charges. and charges
yedd pa ssages, through the canal, If
. ..I,, board shall construct warehouses,
"a. .si yators and other buildings or imrr9
.au ments for public PURPOSES On ca
paw ;as,a lands, the Rental value Of the Site the
ille Of shalr be fixed by appraisers
s+c pointed by said Board and the feeei
go from such warehouses, elevators
ths other buildings. Of impreyemeht5a 81