The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-09-23

lease for manufacturing, commercial and
business purposes. lands acquired for said
canal. such leases may run for term not
without any provision for renewal, readjust-
ment or reappraisement, but may run for a
term not exceeding ninety nine years, pro-
yided they shall contain a clause or clauses
for reappraisai of the premises and a re-
adjustment of the rental ut intervals not
exceeding ten years, after the expiration of
the first twenty-year period. In the event
that the said board and the lessee cannot
agree upon the readjustment and reappraise-
ment. they each shall appoint an arbitrator
Founders to whom the matter shall be re-
ferred for decision. and in case of Disagree
ment they. shall appoint an umpire and
the parties. Said board may also construct
warehouses;, elevators and other buildings
and improvements upon the said canal, but
the revenues from the navigation canal
shall be kept separate from the other rev.
enufs Of the port. Such canal revenues
shall be deemed to include rentals of all
lands leased upon the canal. lock charges
and charges FOR passages. through the canal
If the board shall construct warehouses;
elevators and other buildings or improve
ments for public purposes on canal lands,
the rental value of the site thereof shall be
fixed by appraisers appointed by said board
and the receipts from such warehouses. ele
vators and other buildings or improvements
shall be enafgs t With W.T. the payment OF such
fund shall be applied first in the operating
expenses of the canal and the maintenance
thereof. and thereafter in payment OF the
principal and interest of the canal bonds,
and in the reduction in the manner pro-
viGcd in said ordinance of the payments and
contributions by the. City of New Orleans
by the Board Of Levee Commissioners of tile
Orleans Leyee District. IT warehouses, ele-
vators and other buildings or improvements
upon canal lands by the use of moneys other
than the proceeds of the said canal mort
gage. the receipts from such warehouses.
elevators and other buildings or improve
ments after the payment of the rental value
to the canal fund, shall be deemed general
revenues of the port. The interest on all
bonds issued hereunder shall be paid semi
annually by the Treasurer of the State of
Louisiana at his Office. and ut any other
place or places within or without the state
designated in the bonds. Said board shall
place on deposit with the Treasurer of the
State to the credit OF an account or ac-
counts to be known as interest accounts, in
such manner as may be proviaed in the
proceedings to issue the bonds, an amount
equal to the interest on all bonds that mag
nave been delivered. Said Treasrer is here
by empowered and directed. and it is made
his duty. to pay OF provide for the payment
said bonds. Said board shall in addition in
each year WHEN any Of said bonds become
due and payable, deposit with the Treasurer.
CT the State of louisiana. to the credit of
an account or accounts to be known as re-
demption accounts. the amount of all bonds
maturing or becoming payable, and it shall
be the duty OF said Treasurer to pay or pro-
vide for the payment of such bonds. Such
deposits shall be made with the State Treas
urer in timely season for the payment, Of
than thirty days before the date when any
moneys become payable. 1t shall be the
duty of said Treasurer to collect such depos-
its as aforesaid. and in case of failure on
the part of said board to make said deposits
in an amount sufficient to provide for the
payment OF interest due or to become due,
and for the redemption of the bonds, the
said Treasurer Is hereby empowered and
directed, and it is made his duty, to collect
the charges and revenues of the port and to
apply the same. after providing for neces;-
sary operating expenses and any prior
| charges, to the payment of the principal
and interest of tne said bonds, and for tint
| purpose and for such time as may be nee
ess;iry, the said Treasurer is hereby author
| lied to exercise all the powers and duties
| vested in the Board of Commissioners OF
| the Port of New Orleans The accounts Of
said board as 4 department OF state shall be
| subject to audit and investigation by the
! State Auditor or Supervisor of Public -Ac
counts. and the auditor shall conntersign
| all bonds hereafter issued. The board may
| to mortgage or other lien and may make OF
1 execute purchase money mortgages or prop
erty acquired. Nothing herein contained
| shall prejudice the right of the holder Of
any bonds of the port now outstanding. OF
that may be issued under the ordinance AMI
mortgage heretofore made and executed fol
enues us are applicable to his bonds under
said ordinance and mortgage or other GOV
/ enant OF his bonds. This amendment shal
| not repeal any statutes heretofore enacted
| except insofar as inconsistent herewith.
Sec. = Be it further resolved, etc, Tha
/ on the official ballots to be used Mt salt
election shall be placed the words. Eo
the proposed amendment to the Constitu
ton giving additional powers to the Boart
4 of Commissioners Of the Port OF New Or
leans in the financing and control of tn
i property under its administration, and tn
words. Against the proposed amendment t
the Constitution giving additional powers Z
the Board of Commissioners of the Port o
New Orleans in the financing and control Q
each eleetor shall Indicate his vote for o
against the proposed amendment as provides
in the general election laws OF the state.
| II. j.. WALKER,
Speaker of the House of Representatives
i HEWITT BoUANCHAED, @
Lieutenant Governor and President of tn
4 Senate.
Approved: July Z, 1920; pas.
4 Governor of the State of Louisians
JAMES j. BAILEY, Secretary of State.
ACT No. 40.
House Bill No. aS6.] by Mr.. Schel
+ JOINT RESOLUTION
Proposing an amendment to Article 3O3 Z
the Constitution of the State OF Loufsian
as heretobefore amended relative to pei
sions for Confederate veterans.
Section l. Be nsreselved by the Gener;
q Assembly of the State of Louisiana, tw'
thirds OF all members elected to each hous
concurring That Article 3O3 of the Const
tuition Of the State of Louisiana as heret,
before amended be amended and re-enactc
so as to read as follows:
Article 303. A pension not to exceed 81
per month shall be allowed to each COME,
| crate soldier or sailor veteran who possess
/ all of the following qualifications
I. He shall h;.v served hnn;r;lbiy fro
! the date of his enlistment until the close
u the late Civil War, or until he was di
i charged or paroled, in some military orgal
/, ization. regularly mustered into the Arm
| or Navy of the Confederate States and sha
{ | States until the Surrender.
Y ,. He shall not own property OF mo-
!, than $1,000 valuation.
;. He shall not be salaried or otherwi
/ provided for by the State of Louisiana,
E by any other state or government. In ca
: he enlisted in any organization muster,
I into said service as Il Louisiana organic
e ton or in case ut the date Of his cnlistme
c he resided in the State of Louisiana.
e shall have resided in this state for Mt lea
Y five years prior to his application for pc
+ sion In case he resided elsewhere than
e this state. and enlisted in an organizati,
! not mustered in from Louisiana, or In t
Ii Navy of the Confederate States, he shi
! have resided in this state for ut least fl
: years prior to his application for such pc
h sion 4 like pension shall be granted to q
a widow who shall not have married agai
i, in INDECENT circumstances, of such soldier
Il sailor whose marriage to her wns contract
r prior to January. 1895: provided that
I'LL her deceased husband served In an 0rga