The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-06-01
An Ordinance, providing for the sui
scription, on the part Of the City
Of Baton Rouge, to the New Or
leans and Baton Rouge Rail Road
Company.


on behalf Of the aforesaid city, for One Thousand
Shares, Of One Hundred dollars each, of the Stock
Of tl,e New Orleans and Baton Rouge Railroad
Company; said subscription amounting, in the
aggregate to the sum Of One Hundred Thousand
Dollars.
Be 0further ordained, That for the payment Of
the subscription, herenabove authorized, it shall
be the duty Of the Mayor, to issue Coupon Bonds
in the name Of the city Of Baton Rouge, to the
order Of the New Orleans and Baton Rouge Rail
Road Company, signed by the Mayor, and counter
signed by the Treasurer Of the said city, payable
20 years after the date Thereof, and bearing in
terest, at the rate Of six per cent per annum,
payable semi annually the said bonds, shall be
in the following form;-
$1,000. US. America No.
State of Louisiana.
KNOW all men by these presents that the city
Of Baton Rouge, State Of Louisiana, acknowled-
ges to be indebted, to the New Orie ms and Baton
Rouge Rail Road Company in the sum Of One
Thousand Dollars, which sum the said city Of Baton
Rouge. promises to pay, in current money Of the
United States, to the order of the President of
the said Company, in Twenty years from the date
hereof and also to pay an interest at the rate Of
Mt the Office Of the Treasurer Of the said city, in
Baton Rouge, on the first day of-and first
day Of --in every year upon the delivery of
he interest warrants, in the margin hereof until
he payment Of said principal sum transferable
by endorsement.
In testimony whereof the Mayor Of the city Of
Baton Rouge has signed these presents, and the
Treasurer Of the said city has countersigned the
same, the seal Of Baton Rouge being thereto
affixed.
Done at Baton Rouge, this - day of-in
the year Of our Lord One Thousand Eight Hun.
dred and Fifty Four.
-, Mayor
Countersigned y.
-, Treasurer.
Be Hfurtter ordained, &C., That the stock ac-
CURED, BY virtue Of the aforesaid subscription on
the part Of the city, shall, with its revenues, be
specially reserved and set apart, for the payment
OF the principal and interest, of the Bonds, to be
issued under the provisions Of this Ordinance, and
remain pledged, until such Bonds, principal and
interest, are fully paid and discharged.
Be It twrtter ordained, de-, That It shall be
the ratification of this Ordinance, and annually
thereafter, to commence, and as soon as possible
to make and return, full and complete roll,
showing the value Of the landedkestate, with
Baton Rouge, and the name of the person per-
sons, by whom the same may be owned, as far as
such name or names may be ascertained and it
shall furthermore, be the duty Of such Assessor,
within Five days, after such roll, shall have been
completed and returned, as hereinabove required,
to determine, by accurate calculation, what rate
Of taxation, on the total value of the landed es-
tate situated within the corporate limits Of the
aforesaid city Of Baton Rouge, will be sufficient,
to realize and raise, annually, the sum Of Eight
Thousand Five Hundred Dollars; and such rate Of
taxation, as annually ascertained and fixed, is
hereby annually levied upon all the landed
estate, situated within the corporate limits Of the
City Of Baton Rouge; the said tax to be-
come due and payable on the first Monday of Au-
gust In each and every year; and it is hereby
made the duty Of the Collector Of Taxes in and
for the said City Of Baton Rouge to collect the
taxes, authorized and levied by this Ordinance
in manner and form, as il now, or may hereafter
be provided by Law, for the collection of ether
Municipal taxes; and wherever any tax shall be
paid under this ordinance, it shall be the duty Of
the tax collector to give to the person or persons
paying such tax, receipt therefor, setting forth
the amount Of the tax paid, and on what account,
which receipt, shall entitle such tax payer to
certificate, transferable by delivery from the city
Of Baton Rouge, for an amount equal to the tax
paid, and which certificate shall be evidence of the
ownership Of the tax payer, to SO many shares, or
share, or fractional part Of a share, of the stock
of the Baton Rouge and New Orleans Rail Road
Company, to the extent Of the tax paid by each
tax payer, subject to the privilege and pledge,
herenab0ve setfOrth.
BeHfurtter ordained, de-, That the taxes to be
collected, annually as aforesaid, shall when paid
into the treasury Of the said city, there remain to
an amount sufficient to extinguish the annual in
the aforesaid Bonds, and to be withdrawn there
from, for no purpose whatever, except to pay of,
discharge, and extinguish the annual interest," upon
the Bonds aforesaid the surplus, remaining on
the interest as aforesaid, together with the pro-
ceeds or dividends, arising from the shares, SUBJ
scribed for by the City Of Baton Rouge, to form
sinking fund, out Of which to pay off, and dis
thereof; provided, however, that the sum thus
remaining on hand, over and above the interest
aforesaid; and the revenues and dividends,
arising from the stock, as aforesaid, may be used
in taking up, the Aforesaid City Bonds though
not due, and in the purchase of Bonds of State
Of Louisiana, bearing six per cent. interest, and
becoming due, prior to the maturity Of the Bonds,
to be issued under this Ordinance.
Be 1t further ordained, de-, That this ordin-
so far as it levies tax and provides for the
sinking fund, shall not be repealable until the
entire amount due and to become due, upon
the Bonds issued by the Mayor, under and by vir-
the of this Ordinance, are fully paid and extin-
walton, to wit. That whenever sum sufficient to
pay and discharge the full amount of the afore-
said Bonds, and all interest accrued, and unpaid
or to accrue thereon, shall have been collected and
then and in that event, the tax, herein levied and
assessed, shall no longer be collected, nor the pay
ment Of the same enforced.
Be further enacted &c., That with a view of
taking the sense Of the voters in the said city of
Baton Rouge, whose property is taxed by this
Ordnance-An election shall be held, on the Sth
day Of June next, to be conducted, as far as is
consistent WITH this Ordinance in conformity with
the laws, regulating the Municipal elections Of the
city Of Baton Rouge; at which election, the vo-
ters on whose property the tax is levied, shall be
authorized to vote those who are in favor of the
approval and ratification of this Ordinance, to de-
posite their ballots "FOR THE RAIL ROAD" those
who not in favor Of such approval, to deposite
their votes, AGAINST THE RAIL ROAD" And
it is hereby made the duty Of the Mayor to furnish
the Commissioners Of the election, with a properly
certified list, Of the authorized voters and to give
public notice Of such election for Thirty days,
published in one or more ofthe newspapers prn-
ted in the city Of Baton Rouge.
Be it}Mrtaer ordained, &C., Thatthe City ASS
essor and Tax Collector, in remuneration Of the
services required him, by this Ordinance, shall
be entitled to demand and receive, annually, Five
per cent upon the amount Of taxes by him collected