The Era-leader. [volume] (Franklinton, La.) 1910-current, 1920-09-02
>-1c-----..;on,, election to be held on

7onrressional election to be held or
tho first Tuesday after the nrst Mo"'
Inv in November, 1920. 'o-wt:
r,bs roarl of Commissioner on the
port of To.. Orleans shall. except az
herein chang" a'U aIi."nn"
have and exercise all powers , now .i cUn
ferred upon them ny Nom n,'.r and
Amendment , A ho r I,r,'t by Act OF
~ W 80 acisIntilre. Said Board shall nav.
f"i, newer and authority 10 coH"'t u,.
extend and improve WORKS i ini ~
nnrnoscs within the limits OF IN, ~ -
includinc wharves! docks; Wait.'o '',,',s
Grain elevators. locks s'lpS' 'u ;,o
"no,aments, and may dredGe shlp"Hys'
rrL.nnrls sims. basins ana t"' ncnt
hnSns in the Mississippi klVcr. s".u
Eoard may without further ~ ;s,o
enactment borrow money az" fli,o"i~c
notes and bonds under t!t ioi. r',Ir
conditions and not otncr" ,se, and
,vith the approval of the Cove! hoi | VIZ
w.. ~" Auditor of the State. for us pu",lN
nmrnoseS borrow on notes loi anr
p por loans. payable within one srn ai
po' q, n,Sount not exceeding Five Hull"'eu
Thousand Dollars (S5OO,ooo) AT a aj;t; T
fine outstanding. and may III ."u ~ ne
borrow money in anti'i pa wharfage,
toiIare storage service ana o t,1i,
oTnrsss which have been acl""
.arrsd hit have not yet nten rnr-
ceIved With the approval VI to Wv rnhIic
ernor of this State, it may ion nnt of
| purposes other than .nf f,nrdinr of in
S.t incurred or to be li'ou nrev
&C. ourrent expenses. borro" n,o, ca
w issre bonds to the amoun' 1 "
Ss,ii,on Five Hundred Thousahu III, IN ne
xssboo, oO0). Said board may " fnr ike
approval Of the GoT other and and further
purp0s snd issue DO nds in ,hs manner I'M y.,
summs h,p When the Board sha.i i nat "
a.nsrtained and certified IN VISA If
80 state Auditor or the sup. ,f raw
p1,btic Accounts the amounts -, the
enme and income OF tne 10, ,,recct;inr,
two fiscal years imme1l n, tb - amount
efter deductinG thcrefrom .ne c .i,
aye, ling and maintenance cna.s ilu
VI .rnenses. and all sums psa;'
d an said year upon maturing =, nht
u uinai and interest Of its bonuru " iso,
on1 the state Auditor or the sup "ari ifi
~ public Accounts snail nav I've Boari
1 o ord annroved said certihcate' TIE n ~
: anu barrow money and issue bonus :.
. may .mo,lnt the annual interest," u ,p ~,
. an ~ 10 mot in excess or the aNci's'
. VIZ rovenucs for the two hscat yea,
, ;r,n,sd,ately preceding as shoWn y;
Q aaid certificate. The Boaro ma I'm,
: to such net revenues OF ' tn ne Stat
e h tMdjtor or the Supervisor or Iuoil
{ aonnunt,. the net income ana revenu luz
~ smch wears of any revenue Ply
n A., wharf. dock, warehouse ,na
@ otnr or other structure to pc acNul..
), by said Board by purIhasea " ,f N suc
e priat ton from the p rawenurs and in
q pollu isos s,,,h rarenue. producing utillt
e s sbnti he determined and ccrtihea :
r .he BOARD and approved by the Sta'
II Auditor or the Supervisor, OF fu III,
II the approval of the Governor Dot f",
/. money and issue ponus ~. incm
r ped ar eater to be incurred ana HI M
r. ~ ~, NE we.r If the date Of such rv:undin
ID AZ III bonds issued under the foregoli
in nro,is;ons, except az otherwise e
i'd 1sressly provided, shall run not m mo
es than fifty years from aate, s" a,,nr
at Issued III serial form, paEao'e 40, 80 en- mo
he than ten {iO) years from date ~;
sr'n,,nt payable each year TOR pr
C.. oi,,oi and interest to be as nearly equ
he az practicable, but annual instalim m,
er Of principal may be fxed at RI. 1--WE na amo
al, sand DOLLARS $4,000 or tne o nGs'
nd multiple thereof Kei hn nnvsable in a
RS n instailments commencing not m;
,ts .aua, nns YEAR from date. All OF
". una snad hnnds shall have the same exen
,e- s sinn from taxation, and the same Pr p,.
by ilege of registration ana reiea He;hi,
resistration AN, aHa the the s sae or its
no. t anar aer ~ any of its political sub
"a ncslS - or municipalities, as =!
od. visiund nv Article 321 Of the Constr
Of ZION to the bonds therein autnoIia
tho tutors of minors and curators =? o.,
DIS: terdicts shall be authorized 10 NV ~
tel- the funds in their hands IN aHiy yo ~ q q
lew DS S.os The nnwer of said Board to is
,di- %nnds for the construction Of the n
nd ;~ation dhnal under the ordinance
lee Secured by the mortgage heIetoi
made and executed, and SAD Boar'
authorized to carry into tull eHec',
1ta- ordinance and mortgags anu ~ ~ As
D, r,,rainder Of bonds thereby authorl
of nma said ordinance and mortgage
the contracts made with the BOAR
T Tleyee commissioners Of the Orlss
I,evee District under date OF June
ana. ia1S. February 26th, 1918, NoVen
14th, 1919, and the contraca nsuI a.
mpvst 18TH 1918, through the
a re-, &c Act No. Of 1918 In relato
said Nayiuation Canal are hereby
3. S SaI and Confirmed, Said Board :
have the power to lease for, mant
con- tnr;nr. commercial and business
iaha, poses, lands acquired for sald G
10 10 Such Leases may run FOR term
~ exceeding twenty years at
Tor rental without any provision FOR
&c OF newal, reimbursement or reappralsef
tens, hut NAV run for d term not exceee
men ninetv-nine (9D years, provided
,olice Mi onntain n clause or clauses
lveiy. reanuraisal of the premises and
Gen adjustment Of the rental at Int
ouls mt exceeding ten (10) years ate
ected nVn,ration Of the first twenty
7 an neriod, In the event that the
tns Board and the lessee cannot agree
ana the REIMBURSEMENT and reappraise
rs OIL they each shall appoint an arbit
.''ol who shall have the powers OF am
IN 10 compounders to whom the matter
New he referred for decision, and in ca
after disagreement they shall appoint al
levy pire and decision of any two sh:
eding binding upon the parties. Said
lXaDle NAV also construct warehouses
q ana vators. and other buildings an
hereby prov ,i voneu1 from the navigation
anu shall be kept separate from the
i ssS revenues of the Port. Such cana
Triple enues shall be deemed to II
epart- rentals Of all lands leased upo
ployed oana,' tbrounh the canal
e used R"e Iii nonStruct ,vare]1otiEe
lslve,y yators and other buildings or inn
said mel.s Nv ,o' ,op py v.,pe nf Tho site
n time as sisii he Gyrd nv appraised
pointed by said board and the r,