The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-08-28

Treasurer Of the State TO the credit Of an
account or accounts to he known in
teresra accounts, il such MANNER as max
be provided in the proceedings u issue
the bonds. an amount equal 70 the inter-
est on all bonds THAT may. have been dt-
lyered Said Treasurer Is hereby en-
pow4red ana dire ted. ana il II made ms
duty, to pay or provide for the pa mtht
OF all interest that may become due upon
said bonds sal E:oard Shall III addition
ia each year when any Of said bonds be
come due and petahle, deposit With titt
Treasurer Of the state III Louisiana. %
the credit Of an recount al accounts Y
be known as Redemption Accounts, the
amount Of all bonds maturing or hecoln-
ing payable ana Il shall be the duty q
said Treasurer to pay o. provide for the
payment Of such bonds. such deposits
shall be made with the state Treasurer
in timely season Tor the payment " suel
principal and interest and not less than
thirty 800 days lcfore the date when any
moneys become payable. II shall be III.
duty OF said Treasurer q collect such dc
posts as aforesaid. and in ease Of failure
on the part Of SAID Board t. make sud
vide for the payment Of interest due 81
to become due, and for the redemption
of the bonds the said Treasurer is here
BIZ empov cred ana directed, and It is made
his duty to roll4..t the charges and eN-
enues Of the Port and to applE the same
after providing for necessary operating eN-
penses and any pr.or charges, to the pay
ment Of the principal and interest Of the
M for ana fDl
such time as may he necessary. the SAID
Treasurer is hertb. authorized to eXer-
else all the powers and duties vested II
the Board OF Commissioners Of the Port
Of New Orleans. The accounts Of said
Roari as a Department Of state shall he
subject to audit ana investigation ~ ne
State Auditor or Supervisor Of Public
Accou Is. and the auditor shall counter
sign IA bonds hereafter issued ms
Board nay acquire real and persona
property subject to mortgage OF other
lien pnd may make or execute purchase
moneG Mortgages on property acquired
Nothing a"rein contained shall prejudice
the right#,t the holder Of any bonds q
the Port y ou,etanding, o. that may ht
issued une thcf rdinanee and mortgage
heretofore Land executed for cana
purposes to ktrlrgation Of such reye
nues as are licahle to his bonds unde
said ordinaner ana mortgage or othe
covenant of Hl- aonds This amendment
shall not repta my statutes heretofore
enacted. except insofar as inconssten
herewith.
Section .. Be further resolved. etc.
That on the officia ballots to be used 4
said election shall y placed the words
For the proposed amendment to tn
Constitution giving aditional powers I
The Board of Comm. sioners Of the Poi
Of New Orleans III the financing and con
troll of the property an ter its admnistra
tion," and the words. Against the pro
posed amendment tn me Constitutio
giving additional. power to the Boar
Of Commissioners Of tar .ort Of New or
leans in the financing ana control Of tn
property under lis admin -tration." an
each elector shall indicate his vote fC
or against the proposed andment 2
provided in the general sfe, On laws
the State.
R. F. WALKER,
Speaker of the House Of Repre- entative
HEWITT BOUANCFAED.
Lieutenant Governor and President Of II
Senate.
Approved: July T. 1920.
JNO NJ PARKER,
Governor of the State of Louisan
A true copy:
JAMES ]. BAILEY.
Secretary Of State.