The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-09-04
ACN No. 1903.

House Bill No. 20G BY Mr. Perez.
JOINT RESOLUTION
Promising an amendment to the Const-
tuition Of the state of Louisiana rela-
tive to the Poard of Commissioners
Of the Port OF New orleans.
section /. Be i resolved by the Cen
eraI Assembly OF the State of Louisiana.
two-thirds of all members elected to each
house 9concurrinG. 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
ment. Additional power and jurisdiction
may lie conferred BY Act of the Legisla-
tIre. said Boar'l shall have full pow
er and authority to construct. extend
and improve works for Port purposes
within the limits Of the Port. including
wharyes docks. warehouses, grain ele-
yators locks, slips. laterals, basins and
other structures and Improvements, and
may dredge shipways. channels, slips
basins and turning basins in the Missls-
eini river Said Eoard may without fur
ther legislative enactment borrow money
and issue notes and bonds under the fol-
lowing conditions and not otherwise: 1t
may. with the approval of the Governor
and the Auditor OF the State, for its pub
lie purposes borrow on notes for tempo
raly. loans, payable within one year. an
amount not exceeding Five Hundred
Thousand Dollars (s50OOOO,) at any on
time outstanding. and may in addition
borrow money in anticipation of the col
lection of charges for wharfage, toiiage,
storage service ard other charges which
have been actually earned but have not
vet beer~received. With the approval OF
the Governor of the State, 1t may for pub
lie purposes other than the payment OF
current expenses CT the funding of In
debtedness incurred or to be incurred FOL
current expenses borrow money and Is
sue bonds to the amount of Six Mllliof
Five Hundred thousand Dollar tS6,5O0.
600). 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: Wher
the Board shall have ascertained ant
certified in writing to the state Auditor
or the Supervisor If Public Accounts The
amount of revenue and income of the
Port for the two fiscal years immediately
preceding, after deducting therefrom thu
amount of operating and maintenance
charges and expenses. and al sums pay
able during SAID year upon maturing
principal and interest of its bonded debt
and the State Auditor or the Supervisor
of Public Accounts shall have verified ant
approved said certificate, the Board may
borrow money ana issue bonds to ar
amount the annual interest upon which
is not IN excess Of the average net reve
nues for the two fiscal years immediatel,
preceding as shown by said certificate
The Board may aid to such net rave
nues of the preceCinG fiscal years as Ger.
tilted to the State Auditor or the Super
visor Of Public Accounts, the net incom,
and revenues for such years of any reve