The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1920-10-28

exceeding twenty years at a fixed rental
without any provision for renewal, readjust
ment or REIMBURSEMENT, but may run for a
term not exceeding ninety-nine years, pro-
yided they shall contain clause or clauses
for reappraisal of the premises and Il
exceeding ten years after the expiration of
the first twenty-year period. In the event
that the said board and the lessee cannot
ment. they each shall appoint an arbitrator
who shall have the powers of amicable COM
FOUNDERS to whom the matter shall be re-
fsrrsd for decision, and in case Of disagree;
decision of any two shall be bindin. upon
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
rnuss of the port. Such canal revenues
lands leased upon the canal. lock charges
and charges for passages. through the canal.
# the board shall construct warehouses.
elevators and other buildings or Improve
mcnts for public purposes on canal lands.
the rental value of the site thereof shall be
fixed by appraisers appointed by said board
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 the
principal and interest OF the canal bonds,
and in the reduction in the manner pro-
contributions by the City of New Orleans
through the Belt Railroad Commission and
by the Board of Icvcc Commissioners Of the
Orleans Levcc District. If warehouses; Gle
vators and other buildings or improvements
he constructed or acquired by said board
upon canal lands by the use of moneys other
than the proceeds of the said canal mort
gage, the receipts fram such warehouses,
elevators and other buildings or improve
ments after the payment Of the rental value
to the canal fund, shall be deemed general
bonds issued hereunder shall be paid semi
annually by the Treasurer of the State of
Louisiana at his Office. and at any other
designated in the bonds. Said board shall
place on deposit with the Treasurer of the
State to the credit of an account or ac-
counts to be known rs interest accounts, in
Stcn manner as 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 1t 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
due and payable, deposit with the Treasurer
of the State of Louisiana, to the credit Of
an account or accounts to be known rs re-
demption accounts. the amount of all bonds
maturing or becoming payable, and 1t shall
be the duty Of said Treasurer to pay or pro-
vide for the payment of suclr bonds. Such
deposits shall be made with the State Treas
urer in timely season for the payment Of
such principal and interest and not less
than thirty days before the date when any
moneys become payable. It shall be the
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
and for the redemption Of the 0f bonus 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 ncces-
sary operating expenses and any prior
charges, to the payment Of the principal
and interest of the said bonds. and for that
purpose and for such time as may be nee
essary, the said Treasurer is hereby author
lied to exercise all the powers and duties
vested in the Board Of Commissioners of
the Port of New Orleans. The accounts of
subject to audit and investigation by the
State Auditor or Supervisor of Public Ac-
counts. and the auditor shall countersisn
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.
crty acquired. Nothing herein contained
| shall prejudice the right of the holder of
any bonds of the port now outstanding, or
that may be issued under the ordinance and
mortgage heretofore made and executed for
canal purposes to a segregation Of such rev.
enues ms are applicable to his bonds under
said ordinance and mortgage or other GOV.
eHnHC Oh HIS UOuQS. lQlS SmenOmcuI Sndll
not repeal any statutes heretofore enacted
| except insofar as inconsistent herewith.
See. .. BE 1t further resolved, etc, That
on the official ballots to be used at said
election shall be, placed the words, Z For
the proposed amendment to the Constitu.
ton giving additional powers to the Board
of Commissioners of the Port Of New Or
leans In the financing and control OF the
property Under its administration" and the
words, Against the proposed amendment te
the Constitution giving additional powers t.
New Orleans in the financing and control Of
| the property under its administration" and
each clector shall indicate his vote for OF
against the proposed amendment as provided
| In the general election laws OF the state.
| Il. +. WALKER,
Speaker of the House of Representatives
HEWITT BOEANCHAUD
Lieutenant Governor and President Of thu
Senate.
Approved: July Z, 1920;
| Governor of the State of Louisiana
JAMES j: BAILEY, Secretary of State.
ACT No. 40.
House Bill No. .S6.I by Mr.. SchelI
| JOINT RESOLUTION
/ Proposing an amendment to Article 800 o.
the Constitution OF the State Of Louisians
as heretobefore amended relative to pen
sions for Confederate veterans.
Section l. Be 1t resolved by the Genera
Assembly of the State of Louisiana, two
thirds Of all members elected to each hous'
| concurring, That Article 1903 of the Consti
1 tuition of the State of Louisiana as hereto
4 before amended be amended and re-enactet
SO as to read as follows
Article 30:. \ pension not to exceed $3(
per month shall be allowed to each Confed
crate soldier or sailor veteran who possesse
all of the following qualifications
1. Hc shall have served honOrably from
the date of his enlistment until the close o
the late Civil War. or until he was dis
charged or paroled, in some military organ
izatioD, regularly mustered into the Arm,
have remained true to the Confederat
States until the Surrender.
! ,. He shall not own property OF NOR
than $1,000 valuation.
| - lie shall not be Salaricd or OtherW1s
provided for by the State of Louisiana, 0
he enlisted In any organization mustcre
into said service as Louisiana organ1za
ton, or In case mt the date of his cnlistmen
he resided In the State of Louisiana, h
shall have resided in this state for ut leas
five years prior to his application for per
sion. In case he resided elsewhere than !
this state, and enlisted in an organizatfo
not mustered in from Louisiana, or In tn
/ Navy of the Confederate States. he sha
have resided in this state for Mt least fiv
years prior to his application for such per
sion. 4 like pension shall be granted to tn
widow who shall not have married again
in INDECENT circumstances. of such soldier Q
! sailor whose marriage to her was cOntractc
prior to January. 1885: provided that
her deceased husband served In an organ
izatiOn, mustered in from Louisiana, or
he resided in Louisiana. Mt the date of hi
enlistment. then in order that such wtdO'
shall be entitled to the pension as herei
III s1.,A