The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-10-30
Acr No. 1903.

House Pill No. 20e By Mr.. Perez.
JOINT RESOLUTION
Promising an amendment to the Consti-
tuition of the State of Louisiana rela-
tive to the Poard of Commissioners
of the Port OF New Orleans.
Section 1. Be il resolved by the Cen
eral Assembly of the State OF LOUISIANA
two thirds of all members elected to each
house concurring. That the following
amendment to the Constitution of the
State of Louisiana be submitted to the
electors of the State at the next Con-
gressional election to be held on the hrst
Tuesday after the first Monday in No
vember, 1920. to-wit:
The Board of Commissioners of the
Port of New Orleans shall. except as
otherwise herein changed and amended.
have and exercise all powers now confer
red upon them by Constitutional Amend
mient. Additional power and jurisdiction
may be conferred by Act of the Legisla-
ture. Said Boar.l shall have full pow
err and authority to construct. extend
and improve works for Port purposes
within the limits Of the Port. including
wharves docks. warehouses. grain ele-
vators, locks, slips. laterals, basins, and
other structures and improvements, and
may dredge shipways. channels, slips,
basins and turning basins in the Missis-
sipi river Said Eoard may without fur
Their legislative enactment borrow money
and issue notes and bonds under the fol-
lowing conditions and not otherwise: II
may, with the approval Of the Governor
and the Auditor of the State for its pub
lie purposes, borrow on notes for tempo
rary loans, payable within one year, an
amount not exceeding Five Hundred
Thousand Dollars ($500.000.) at any on
time outstanding, and may in addition
borrow money in anticipation OF the col
lection of charges for wharfage, foliage
storage service and other charges which
have been actually earned but have moi
yet been received. With the approval Of
the Governor of the State. it may for pub
lie purposes other than the payment o.
current expenses or the funding of in.
debtedness incurred or to be incurred fol
current expenses, borrow money and is
sue bonds to the amount of Six Million
Five Hundred Thousand Dollar $780,
o00.) Said Board may, with the approx.
all of the Governor, and for like purposes
borrow other and further sums and issue
bonds in the manner following: Whel
the Board shall have ascertained ant
certified in writing to the State Auditor
or the Supervisor II Public Accounts thu
amount of revenue and income of tn,
Port for the two fiscal years Immediately
preceding, after deducting therefrom tn.
amount of operating and maintenanc,
charges and expenses, and all sums pay
, able during said year upon maturing
/ principal and interest of its bonded debt
/ and the State Auditor or the SUPERVISE
of Public Accounts shall have verified ant
: approved said certificate, the Board ma,
borrow money and issue bonds to al
: amount the annual interest upon which
E is not IN excess of the average net reve
E nues for the two fiscal years immediatel,
i preceding as shown by said certificate
; The Board may add to such net rave
/ nues of the preceding fiscal years as Ger
| titled to the State Auditor or the Super
. visor of Public Accounts. the net fncom,
7 and revenues for such years Of any reve