The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-08-26

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mcnt reappraisement, but may run for a
term not exceeding ninety-nine years. pro-
yidct they shall contain clause or clauses
for re;pprais;ll of the premises and Il re-
adjustment of the rental ut intervals not
exceeding ten years after the expiration of
the filst twenty-year period. In the event
agree upon the reimbursement and reappraise-
ment. they each shall appoint an arbitrator
who shall have the powers of aniicabie COM
Founders to whom the matter shall be re-
fcrred for decision. and in case of Disagree
lnent they shall appoint an umpire and
decision of any two shall be binding upsn
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.
Ienues of the port. Such canal revenues
| shall be deemed to include rentals of all
| li,nds leased upon the canal lock charges,
and charges for passages. through the canal.
iIf the board shall construct warehouses.
elevators and other buildings or improve
far pdn IF fe * ln f.
| .sye8 by appraistrS appointed by said board
| and the receipts from such warehouses;. eie-
vators and other buildings or improvements
shall be charged with the payment of such
| rental value into the canal fund. The canal
| fund shall be applied first in the operating
expenses of the canal and the maintenance
| thereof. and thereafter in payment OF tie
/ principal and interest of the canal bonds,
| and in the reduction in the manner pro-
| vided in said ordinance Of theSpayments and
| contributions by the City of New Orleans
/ through the Belt Railroad Commission and
| by the BOARD of Levee Commissioners of the
/ Orleans Levec Districts IT warehouses, ele-
/ vators and other buildings or improvements
| be constructed or acquired by said board
upon canal lands by the use of moneys other
/ than the procrrGs 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
revenues of the port. The interest on all
bonds issued hereunder shall BIZ paid semi
annually by the Treasurer of the State of
/ Louisiana at his Office, and at 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
counts to be known as interest accounts, in
such manner rs may be provided in the
proceedings to issue the bonds, an amount
| equal to the interest on all bonds that MAY
/ have been delivered. Said Treasrer is here
! by empowered and directed. and it is made
! his duty. to pay. or provide for the payment
/ of all interest that may become due upon
/ said bonds. Said board shall in addition in
| each, year when any of said bonds become
due Ind payable, deposit with the Treasurer
/ of 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-
4 vide for the payment Of such bonds. Such
/ deposits shall be made with the State Treas
such such principal and interest aud not less
4 than thirty days before the date when any
i moneys become payable. It 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
4 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-
| s;lry operating expenses and any prior
charges, to the payment Of the principal
1 and interest of the salid bonds. and for that
| purpose and for such time as may be nee
i essary, the said Treasurer is hereby author
| lied to exercise all the powers and duties
the Port of New Orleans. The accounts of
said board as a department of state shall be
subject to audit and investigation by the
counts, and the auditor shall countersign
all bonds hereafter issued. The board may
| acquire real and personal property subject
to mortgage or other lien and may make or
execute purchase money mortgages or prop
erty acquired. Nothing herein contained
shall prejudice the right OF the holder OF
4 ahy bonds of tho port now outstanding. or
I that may be issued under the ordinance and
mortgage heretofore made and executed for
canal purposes to a segregation OF such rev
4 said ordinance and mortgage or other COW
i cnant of his bonds. This amendment shall
not repeal any statutes heretofore enacted,
except insofar Inconsistent herewith.
i Sec. =. BE it further resolved. etc, That
en- the official ballots to be used at said
election shall be placed the words. For
the proposed amendment to the Constitu-
ltion giving additional powers to the Beard
of Commissioners of the Port OF New Or
leaus in the financing and control of the
property under its administration. and the
words, Against the proposed amendment to
the Constitution giving additional powers to
New Orleans in the financing and control of
the property under its administration" and
each plpctor shall indicate his vote for or
against tho proposed amendment as provided
| in the general election laws of the state.
Il. +. WALKER,
ii Speaker of the House of Representatives.
HEWITT BoUANcIIAUD,
Lieutenant Governor and President of the
Senate
II .,,,o,a. I,,,,, 1000
.'pp'o'sN91* ,In n p.pErp
!. 4. o,a,.,,,,. ~ INC s,t,ta ~ Z n,;siana
' i " 'e I ''s '.'7 y
\ true copy
JAMES j. BAILEY, secretary OF State
Il
ATT NO. l4O
; | House Bill No 2S6 by Mr.. Schell
IaIN,r pEseII.TI0N
1itA*s - 49,. ,a.-
PROPOSING an amendment 70 .Aftcie .Vo oi
, the tfonstltutlon OF the stare oi I4oulslitn'
as heretoDeIole amehded relauVe 10 pen
J, slons Iof SonIedefate veterans.
. Section l. Be it resolved by the General
, | Assembly of the State of Louisiana, two
Il thirds of all members elected to each house
, fconcurring That Article 3O, of the Consti
, tuition of the State of Louisiana as hereto
! before amended be amended and re-enactc(
| so as to read as follows
81 axf. Srsy