The Natchitoches enterprise., 1920-09-30
Congregational election to be held on
the nrst Tuesday after the first Mon

I Congregational election to be held or
the nrst Tuesday after the first Mon
day in November. 1920, to-wit:
The Board Of Commissioners of the
Port OF New Orleans shall. except as
I otherwise herein changed and amended
have and exercise all powers now con,
| Amendment. Additional power and
Jurisdlction may be conferred by Act of
the Legislature. Said Board shall have
full power and authority to construct
extend and improve works for Port
| purposes within the limits of the Port,
including wharves. docks. warehouses,
| grain elevators, locks. slips. laterals.
provements, and may dredge shipways.
| channels. slips. basins and turning
basins in the Mississippi River: said
Board may without further legislative
notes and bonds under the following
conditions and not otherwise: 1t may,
with the approval of the Governor and
the Auditor Of the State, for its public
| porary loans. payable within one year.
an amount not exceeding Five Hundred
I; Thousand Dollars (35oo,O0O at any one
haneoo time outstandnE stanl and may in additiEn
collection of charges for wharfage.
foliage. storage service and other
charges which have been actually
ceived. With tn. approval Of the Gov
ernor OF this State. It may for public
purposes other than the payment of
current expenses OF the funding of in
debtedness incurred or to be incurred
for current expenses. borrow money
and issue bonds to the amount Of Six
Million Five Hundred Thousand Dollars
(1s,soo.ooO: Said board may. with the
approval Of the Governor. and for like
purposes. borrow other and further
sums and issue bonds in the manner
following: When the Board shall have
the State Auditor or the Supervisor of
Public Accounts tho amounts Of rev.
enue and income Of the Port for the
two fiscal years Immediately preceding.
of operating and maintenance charged
and expenses. and all sums payable
during said year upon msturiRg prin-
ana tn. State Auditor or S the "osu1 supervisor visor
Of Public Accounts shall have verified
and approved said certificate, the Board
may borrow money and issue bonds to
which is not in excess of the average
net revenues for the two fiscal years
immediately preceding as shown by
said certificate. The Board may add
to such net revenues of the preceding
fiscal years as certified to the State
Auditor or the Supervisor of Public
Accounts. the net income and revenues
ducing wharf dock, Warehouse. els-
by said Board BY purchase or exprO-
priation from the proceeds of such
come Of such revenue producing utility |
shall be determined and certified BY |
the Board and approved by the state |
auditor or the Supervisor Of Public
the approval Of the Governor borrow |
money and issue bonds to refund |
bonded indebtedness heretofore incur- |
ara payae ana %
one year Of the date Of such refundin9.
All bonds issued under the foregoing
except as otherwise ex-
Atty ysara fno dat. nG ssa be
issued in serial form. payable In annual
commencing not more
amount payable each year for prin-
p1a as prseticaSis. I but 20 annual o in:ta}ment.
Of principal may Be flxsd at Five Thou
thsFeei Relnn1tne hea1s. - l
T1S5 r 1l ~ i1s1 s6sH
nual inssalImsnts comln2lc1ng not mors |.
than one year from date. All Of the !:
ton from taxation. and the same priv
ilege Of registration and release from
registration. and the same eligibility
& asr deposi: with the State or its Of
visions or municipalities. as was
granted by Article 311 of the Constitu-
lion to the bonds therein authorised.
Tutors Of minors and curators Of in
terdicts shall be authorized to invest
The funds in their hands In any ct such
bonds. Nothing herein contained shall
anect the power ct satd board to issue
oonds Tor the construction OF the nav
gatton canal under the ordinance and
'ecured by the mortgage heretofore
made and executed, and said Board -
authorized to carry into full effect said
ordinance an, % and mortsase nna to issue
ina sell LOT canal purposes the re-
nainder 9f .E5nda thereby authorized.
lna sA.a ordinance and mortgage an1
ne cantracts made with the Roard of
-evee tn;nt Gommiss,oners sndsa 81 Ms Orleans s.
9ls, February 2eth, 1913. November
4th, as1s, ana the contract made with
ne Clty OF NOW OrIeanA under data Of
august 4olh, lAlS. through the Belt
talifoaQ Gammlsslon 70 carry into
meet ACT Ne. y OF 1918 In relation to :
ala Navigation Cehal are hereby ratt-
LED ana confirmed. Said Board shall
ave the power to lease for manufac- .
urins' 'arsn CON. commercial and business pur-
'oses lands acquired for said canal.
uch leases may run for a term not
eatsi Without any provision 10 I for "1so rso
eWal, readJustment or reapprasement.
ut may run f2r term not exceeding
I inety-nne tSs) years. provided they