The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-09-25
AC'' No. 1903.


House Bill No zoe BY Mr.. Perez.
JOINT RESOLUTION
Proposing an amendment to the Gonsti
tuition of the state of Louisiana relo-
tive to the Poard OF Commissioners
of the Port of New orleans.
Section l. BE Il resolved by the Cen
era1 Assembly OF the State of louisiana
two-thirtls of all members elected to each
house concurriup. That the following
amendment to the Constitution Of the
State OF Louisiana be submitted to the
electors of the state at the next Con
gresSionai election TO be held on the first
Tuesday after the first Monday in No
vember, 1920. to-wit;
The Board of commissioners of the
Port Of New Orleans shall except as
have and exercise all powers now confer
red upon them by Constitutional Amend
ment Additional power and jurisdiction
may be conferred BY Act of the Legisla-
ture. said Board snail have full pow
er and AUTHORITY to construct extend
and improve works for Port purposes
within the limits OF the Port including
wharves. docks. warehouses; grain ele-
yauorS, locks, slips laterals, basins. and
other structures and improvements, and
may dredge SAIpWays, channels, slips,
basins and turnins-b basins in The Aiissis
spi RIVER Said fGard may without fur
theT legislative enactment hDrraw money
and issue notes md 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 Oh notes for tempo
rary loans. payable within one year, an
amount .Jot exceeding Five Hundred
Thousand Dollars ts569, 0q0) at any on
time outstanding, and may Ill addition,
borrow money in anticipation of the col
lection of charges for wharfage foliage,
storage service and other charges which
Save beAq actually earned but have not
Yet been received. With the approval of
the Governor of the STATE, II may ter pub
lie purposes Other than the payment Of
current expenses OF the funding of in
dettedneSs incurred or to be incurred for
current expenses. borrow money and is
sue bonds to the amount Of Six Million
Five Hundred thousand Dollar tSh, 500,
000). Said Board may. with the approx
All OF lHe Iob tiHO4, ttIld 1Ol like purposes,
borrow other ana further sums and issue
bonds III the manner following: When
the Board shall have ascertained ard
certified in writing to the State Auditor
o.; the Supervisor If Public Accounts the
amount of revenue and income of the
Port for the two fiscal Years Immediately
preceding, after deducting therefrom the
amount of operating and maintenance
charges and expenses, and all sums pay
able during said year upon maturine
principal and interest of it's bonded debt
and the State Auditor or the Supervisor
of Public Accounts shall have verified and
approved said certificate, the Board may
borrow money and issue bonds to an
amount the annual interest upon which
is not III excess Of the average net reve-
nues iot' the two fiscal Years Immediately
preceding as shown by said certificate
The Board may add TO such net raye-
nues of the preceding fiscal years as GER
titled to the State Auditor or the Super
visor of Public Accounts. the net income
and revenues for such years of any reve-