The St. Mary banner., 1920-09-11

disagreement they shall appoint an UNI
pire and decision of any two shall be
binding upon the parties. Said Board
may also construct warehouses. ele-
vatorS, and other buildings and Iu3 r.
provements upon the said canal. but
the revenues from the navigation canal
shall be kept separate from the other
revenues of the Port Such canal rev
enues shall be deemed to inclUd"
rentals of all lands leased upon the
canal, lock charges, and charges TOR
passages. through the canal If the
Board shall construct warehouses, ele-
vatorS and other buildings or improve
ments Tor pubic purposes on canal
lands, the rental value of the site there
OF shall be nxed by appraisers ap-
pointed py sald Boaru ana the receipts
from such warehouses, elevators and
other buildings or improvements shall!
be charged with tne payment OF such
rental Falue INTO the canal Iuhd. Ihe
canal iuhd shall pe applleo hrSl IN the
operating expenses or the canal and the
maintenance thereol' anu thereafter III
payment OF me Prihclpai ana interest
tlon IN the manner provided IN SAID
ordnance OF the pa yhthts ana cohtrI-
putlonS ~ lIe tits u ;>t" oiItalS
TN oush tlie 1eIl o i|dlfi az oeu coiniIlsSloh
anu ny me bodlu ol LeNee 'ofnlnlS-
Siohers OF tne orleais LeVee Dlstriet.
l warehouses;: ~ ~eleNatoIs dha olhtr
pulluIhSs ol ilnpIos eIleHts pe con
@ ST " eeu ~ ~ a - ~ pS "aie po"Iu
@otneT @ ~ Iilat trle pr Pioreeus .all5 oi the sald
@ caildi ' litoi - a (, aite rom suEh
d en- l,,ot3 ".if o."et ouliu
inso " III ,t,I 81 me me pay
iichL H vi IL oital I saL"o ~ llle CdhdI
' luilu' a. M NJ s sti.eis a. ItEf
hues VI t,ie ~ =. -, - tl ig't on az
bonus lssuSu Hei euiluGI .I n snaI De palH
Seiiti DS ."e 10 tFi o' thg
" i e',,'' a a. i,io anu
az any JILL ptaot VI ,t,a paarsS NitHlh or
% %Mlt1oul cis lne r .otalS uesis Yea IN lhe
poliu9' 9aia hoI IL u nlatI p!act on dt-
posIt "I.ii tne al, ot VI llie STAT
~ ~ ~ StNNit VI a., O. Souilt oi fitSou -
~ ~ p0 hilo NV " n t'o - - Us III
sucn ' ;; ntalinei 40 ny pe ploN Iueu IN the
PloceeuliSH ~ i@oue the poHds' an
amount e4ulI 10 lue interest on an
S!5 So!iI9 rrF tilao ll,aF ia hseH uchNtied;
odiu ieae ai iel iS hele epy enipoWe eftd
d a. iiu uii ecteu, &C. aHu ii lt 10 idue ms uutE.
70 pa! or PIoNlde LOT the payment OF
an intertS. lltt may become due upon
sad bonds. SAID Board snail in add
Llon IN each year Wheh any or sad
ponuS peco1Iie uue ana payapie; deposit
v ~ tne 1Ieds uIeI 81 the state o
l-ouisldhd, TO the cfedlt OF an account
or o accounts 10 De known as redemption
1AC,ouHt9' ing amount oi an pohdS ma
sbain oL o1vollllns P5HapIe, anu II
snail De the duty or sad treasurer to |
pay or proVlde Tor the payment OF such |
Dohds. Such deposits snail be made
win the State treasurer in timely sea
son lor lhe payment or such prlnc!paI |
= %, gnu iioI isoo ti1dil tilltS |
t"V) Gays before the date when any |
moneys become payable IT snail be
-ne uuty OF Sald treasurer 10 collect
'ucn deposits as Aforesaid and In case
Dl ialIure on the part OF SAID Board to
make sald deposits in an amount SUI
lcleht TO provide Tor the payment OF
he redemn+ion of 80 honda ~ htlu aGI
Treasurer is hereby empowered and di-
'ected. and it is made his duty, TO
soilecc lhe charges ana revenues OF
ne ne !ort ana 70 apply the same after
1roVldlhg Tor necessary operating eX-
lenses ana any prior charges. to the
'ayment or the principal and interest
II the sald bonds, and for that pur-
'ose '''f' anu lot sucn time as may be
'etessaTE; the sald treasurer is hereby
luIhorlZed 10 exercise all the powers
ina autles vested IN the Board OF Com
III III IsSlohefs OF the Port OF New Orleans
IL ne accounts OF sald board as De
'dl tIieht OF state Shall be subject to
nunts ,uultlor & or supervisor OF Public Ac-
% ouhts' ana the auditor snail counter
{6ard az MAJ oiluS co,lir a Ter s issued me
property subject TO mortrara or othar
base monn~ s n,nrtcta ,1@ ens or execute nr puF
cuuired Eothing 5aroio ortP i2,
h ~ n nraiud;o ttS ~ l.
+ Ir any pIeJuIite bond G the T5gnt Oh the holdsr
ng. or that NAV he issued ,Indsr ~
rdinance and mortgage heretofore
oade and eyecp+ed foT co,oI ,t,,r,1,,,l |
n a snrracation at c,,ot @ ~ 80 P PO'e9
re anniicaIIa 70 bic Lnids ,,,o.' 80 "a
nant of his bonds. This amendment
hall not repeal any statutes hereto
ore enacted. except insofar as incon-
istent here with
Section . Re II furtbar roso,,oa
- ~. -.
to' Ahat on 'ne oiiiclal pallots to be
Sed al said election shall be placed
he words, For the proposed amend
lent to the Constitution giving addi-
onal powers to the Board of Commits :
toner's of the Port of New Orleans in ,
ne financing and control of the prop a..
rty under its admi ministration." and the
'Ords, Against the proposed amend :