The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-09-30

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| irmed Said board shall have the power. to |
| le:sse for manufacturing commercial and /
business purposes, lands acquired for said |
canal Such leases may run for term not |
without any provision for renewal, readjust- |
| msnt or reappraisement, but may run for u /
i ter not exceeding ninety-nine years, pro-
yiiod they shall contain clause or clauses |
/ for r:,ppraisal Of the premises and re-
| nc jnstment of the rental at intervals not
exceeding ten years after. the expiration OF
4 the first tWenty-year period. In the event
that the said board and the lessee cannot /
ae rec upon the reimbursement and reappraise
/ WHO shall have the powers of amicable com
/ Founders to whom the matter shall be re-
| ferred for decision, and in case of Disagree
4 msnt they shall appoint an umpire and
/ dt eision of any two shall be binding upon
i the parties. Said board may also construct
1 warehouses, elevators and other buildings
/ the revenues from the navigation canal
shall De Kept separate from the other rev.
enuss OF the port. Such canal revenues
shah be- deemed to include rentals of all
| lands leased upon the canal. leck charges,
anG charges for passages, through ths, canal.
ln pd a ae or
ments for public purposes on canal lands.
the rental value of the site thereof shall be
and the receipts from such warehouses, els-
| v;ttors and other buildings Or improvements
shall be charged with 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,
aud in the reduction in the manner pro-
VlGsd IN ssiid ofdlhahee. OF the payments ana
eontrlguilons bx the 1lfy q New orleans
through the Belt Railroad Commission and
by the, Board of Leyee Commissioners of the
Orleans Leyee District. II warehouses. ele
vators ana other buildings or improvements
upon canal lands by the use of moneys other
t.an The proceeds OF the said canal mort
sase, the receipts from such warehouses,
elevators ana othef buildihSs or Improve
nlents after the payment OF the rental v;ius
! TO the canal Iund, shali , ne deemed general
sn 1s pop la h pa On nem
annaaly by the Treasurer OF the state OF
Louisiana ut his office, and at any other
place or places Withln or without the stare
: Designated in the bonds Said board shall
: place on deposit with the treasurer OF thH
: state to the credit OF an account or az
counts TO be known as interest accounts, N
! such Isiiner as may be provided in tn
) proceedings 70 issue the bonds, an amount
: equal 20 the interest og all bonds that may
by empowered ana directed. ana IT Is made
/ MS duly, 10 pay OF pfoNide Ief the pa!Menl
s,nas a as sno IN addition nf
E zach Heas W1en any OF si.i5 DonaS beeo.sse
. due and payable, deposit with the treasurer
OF the STATE o. on,san TO Ina efeal' o.
! drmption accounts, the amount OF aii bonds
| inaturlng or becoming payable, ana II shaii
fEtP doa! EStiA Pc. "a
Y vide for the payment Of such bonds. Sue n
E deposits shall be made with the State Treas.
urer IN timely season Tor the payment 81
: / such princ1paI ana INTEREST anu not Iess
$ than thirty days before the GATE Mhsn any
$ moneys become payabie. snail DC the
duty OF SAID treasurer 70 collect secn aepos.
+ | its as aforesaid. and IN case OF fa1iure on
G | the parton said beard 70 make snd depos,Is
In an amount sufficient to provide for the
pasmen. 81 interest," que OF 20 peco nas Cue 4hs
said Treasurer Is hereby empowered ano
e directed. and 1t Is made his duty, to collect
i the charges and revenues OF the port and fo
apply the same, after providing for neees
s;try operating expenses ana nny prior
i. charges. to the payment OF the principal
and interest OF the SAID bonds. ana Tor tn;.l
purpose and fer such time as may pc nee
eSSary, the said Treasurer Is hereby anthof
lied to exercise all the powers ana dntie.
& vested IN Iae boafd OF Nu On "
said uefIu ~ = uepai si.sne =. s...ss Si y
sab!eee ag Moa nu ~ Emit;
i ali Hb bonds hareafter issued. The board ma!
Il 70 mn1t.age or otter len and may make 8
o. execute purchase money MORTGAGES OF prop
e erfy aequirea ro'ning IL, so na,r i
- any binds Of the port now outstanding. D
,e that may hss issued under the ordinance AM
ia mprte;tpe heretofore made and executed TO
ST canal nIlrposcs To d segregation OF such rev
enues as are applicable to his bonds unsie
TT said ordinance and mortgage or otnef soy
Sc GninI OF Ills D0fitS. Is Hls dIHenuutHl shssi
4 not repeal any statutes heretofore enacteo
M except Insofar ms inconsistent herewith.
nj ~. - lie It further resolved eIc-s ina
~ on fNs official blliotS TO be USED NJ sal
~ election shall be placed the WORDS, Eo
t, the proposed amendment TO the 1olstitt
es ton giving adGltlonal powers 70 INC boiir
1g of Commissioners o. the TORT o. New " "
5, leans IN the nnanelnS anu conIFoI OF "
e property untier It's administrator ana tn
&c words AGAINST the proposed amendment I
n the Constitution giving addlfional powers
10 the Heard or lominlsslonefss Oh Ihesi OIL
N New Orleans IN the hnancln2 anu control
nj the property under It's administration, an
nc each eleetor shall indlcafe MS vote Iof s
n itgaanst the proposea aHenamelt u pIosiat
hts in the general eiectlon laws OF Inc state.
on 4 =. NAihEll,
~ speaker Oh Iae iohse.oI hepIesenti ~,
f1 HEWITT BOT ANeH.a1u. Il,
III L1euttntnt Gosefhof ana iIesiuehl VI =
or SENATE
OIL Approved Jufy.7, 1920.
ses dSo. NJ. PARKER.
Va Governor of the State of Lenisian
.al t,,,n eonv@.
Ior - 49, i,,,yvr sacrnt,rv of Sfnte
OF SO 80 80 : $500. :. $500 5
b. Af.r NJ 10
mt - O.,
IDS flousi. BliI 40. sso E9 NE. oeite
lfd JOINT RESOLUTION
on. IDro,,os;n, an .,n,ent, n,ent RI Article sos
nd III !. s,,stit,t ton nf fhs state If Io1lisia,
Ter NJ Observation-Disclosures .,mended relative 10 ne
as sia,s for 9san fs,1sr.,ta Veterans -
fne - -. - -, 81 - :, :. .
HE Section l. lie II feSolTed Dy the ucHef