The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-09-04

Treasurer Of the state to the credit of an
account on accounts TO he known as in
terest accounts, IN such manner rs may
he provided in t4e proceedings to issue
the bonds an amount equal 10 the inter
est on all bonds flat may have been de
livered Said Treasurer is hereby en-
powered and diret Sed. ana il is made his
duty, to pay or provide for the payment
Of all interest thai may become due upon
said bonds Sail l;oard Shall in addition
IN each year when any Of said bonds be
come due and payable. deposit with the
Treasurer Of the state Of Louisiana. to
the credit Of an account or accounts tC
be known as Redemption Accounts, the
amount OF al bonds maturing or becom-
ing payable. ana i shan be the duty OF
alid Treasurer to pay or provide for the
payment OF such bonds. such deposits
shall tie made with the State Treasurer
IN timely season for the payment Of such
principal ana interest ana not less than
thirty 600 days lefore the date when any
moneys become payable. It shall be the
duty 81 said Treasurer to collect such de-
posts rs aforesaid and in case Of failure
on the part Of said Board to make said
deposits in an amount sufficient to pro-
vide FOR the panment Of interest due OF
to hecome due. ana for the redemption
Of the bonds the said Treasurer is here
by empoW cred amt directed. and it is made
his duty TO collect the charges and ex-
cnnos OF the Port ana to apply the same.
after providing for necessary operating ex-
md INV cI,l
ment Of the principal and interest of the
S"id bonds and Tor that purpose and for
such time as may be necessary, the said
Treasurer Is hertbE- authorized to exer-
ctSe al thc powers and duties vested i'm
he Board Of Commissioners of the Port
oLaNaW Orleans. The accounts of said
Hoard rs {, Department of State shall be
subject 10 audit and investigation by the
State Auditor OF Supervisor of Public
Accounts, and the auditor shall counter
sign al bonds hereafter issued The
Board may acquire real and personal
property subject to mortgage for other
men ana may make or execute purchase
MONEY mortgages On property acquired
Nothing herein contained shall prejudice
me right Of the holder Of any bonds Of
The Port now outstanding, or that may be
issued under the ordinance ana mortgage
heretofore nude ana executed for canal !
purposes to Z segregation Of such reve- I
hues as are pplicable to his bonds under !
said ordinance and mortgage or otbe, :
covenant OF his bonds. This amendment
snail not repeal any statutes heretofore +
enacted, except insofar as Inconsistent $
herewith
81
section :. BE it further resolved. etc. :
That on the Official ballots to be used at f
sad election Shall be placed the words :,
for the proposed amendment to the .
92rnsstltution giving additional powers to @
me Board OF Commissioners of the Port 6
q New Orleans il the financing and con- n
uol OF the property under its administral
tion,' and the words, Against the pro- g,
posed amendment to the Constitution {,
giving additional powers to the Board Ii
OF commissioners Of the Port of New Or 6
leans N the financing and control of the
property under It's administration" and T,
each elector shall Indicate his vote for ;,
or against the proposed amendment 90 g
provided in the general election laws of 10
the State. =
r. r. WALKER, ),
opedher pl tHe rouse OF Representatives
HEWITT BOUANCHAUD. .,
Lieutenant Governor ana President Of the II
Senate !"
approved: July :. 1920 !,
JNO. Nj. PARKER, j.
Governor of the State of Iouisiana :,
true copy: !.
JAMES j. BAILEY, O.
Secretary OF State r.
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