The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-05-26
An Ordinance, providing for The sub
scription, on the part Of the City
Of Baton Rouge, to the New Or
leans and Baton Rouge Rail Road
COMPANY.


Mayor Of the city of Baton Rouge, within ten days
after the ratification Of this ordinance, TO subscribe
behalf Of the aforesaid city, for One Thouaanu
Shares, Of Ono Hundred dollars each, oil the STOCK
Of tile New Orleans aud Baton Rouge Railroad
Company said subscription amounting, In the
aggregate to the sum Of One Hundred Thousand
Dollars.
he itfurker ordained, That for the payment Of
the subscriptions hereinabove authorized, 1t ahali
he the duty Of the Mayor to issue Coupon Bonds
in the name Of the city Of Baton Rouge, 70 the
order Of the New Orleans and Baton Rouge Kan
Road Company, signed by the Mayer. and counter
signed BY The Treasurer of the said city, payable
VI Years after the date thereof, and bearing In
terest, at the rate Of six per cent per anmu,n,
payable semi. annually the said bonds, shall be
in the following form;-. =,
$1,000 u. s. America No.
state Of Louisiana.
KNOW all men by these presents that the city
of J,aton Rouge, State Of Louisiana aeknowled~
pes 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
six per cent per anntin. payable senli-anhua'ly
at 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
lie interest warrants, In tho margin hereof until
he payment of said principal sum transferable
Ivy endorsement.
In testimory whereof the Mayor of the city Of
Baton Rouge has signed these presents, and the
Treasurer Of the said city has cotntersgned 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
tred and Fifty -Four.
--~--, Mayor.
Countersigned
-, Treasurer. Kill
BaHfu,sher orddined dec., That the stock &C
tuuircd, bv virtue nf the aforesaid inscription on
the part Of the city, shall, with its revenues, be
specially reserved and set apart, for the payment
If the principal, and interest, Of the Bonds, 10 be
issued under the provisions Of this Ordinance, aud
remain pledged until such Bonds, principal and
interest, are fully paid ana discharged.
Be Hfuhter ordained, ,eo., That IL shall be
the duty Of the City Assessor, Immediately after
the ratification OF this Ordinance, and annually
thereafter, TO commence, and 80 soon ma possible
TO make aud return, u fall and complete roll,
showing the value of the landedaestate, with |
In Tho corporate limits of the aforesaid city Of
Baton Rouge, and the name Of The person OF per- |
CONS, by whom the same may he owned, IA far as |
such maine names may be ascertained and II |
sall Furthermore, be the duty of such Assessor, |
within Five days, after such roll, shall have been |
completed and returned, ms hereinabovc required,
to determine, by accurate calculation what rate |
If taxaton. on The total value Of the Landed es-
tatc situated within the corporate limits Of the |
aforesaid city of Baton Rouge will be sufficient |
10 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 |
tity of Baton Rouge the said tax to be- |
come due aud payable on the first Monday OF Au- |
gust In each and every year; ard IL Is hereby |
made the duty Of the Collector of Taxes In aud
for tho said City of Eaton Rouge to collect the
taxes, authorized and levied by this Ordinance, |
and the collection Of. the same, shall sbe enforced
IN manner and form, as IL now, or may hereafter |
h. provided by law, for the collection Of ether |
Municipal taxes; and wherever any tax shall be |,
paid, under this ordinance, IL shall he the duty Of
the tax collector, to give to the person PERSONS
paying such tax, receipt therefor, setting forth
the amount OF the tax paid, and on what account |
which receipt, shall entitle such saS payer to n |
certificate, transferable by delivery from the city |
81 Baton Rouge, for an amount equal to the tax |
paid, and which certificate shall he evidence Of the
ownership of the tax payer, TO so many shares, or
share, or fractional part of share, oftbe stock
"f 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,
hereiuabove seiforth.
GeHfuther oridincd, de-, That the taxes to he
collected, annually rs aforesaid, shall when paid
into the treasury of the said city, there remain to
amount sufficient to extiuguish the annual in
tnrcst, rs II may semi annually become due, upon
the aforesaid Bonds, and to he withdrawn there
from for no purpose whatever, except to pay of,
discharge, and exthguish the annual interest, upon
The Bonds aforesaid |; the surplus, remaining on
hand, over and above the sum sufficient to meet
tir interest as Aforesaid together with the pro-
ceeds or dividends, arising from the shares, sub
scrihcd for BY the City of Baton Rouge, TO form
II sinking fund, out of which to pay oil, and dis
charge, all Of the said Bonds at the maturity
thereof; provided, however, that the sum thus
remaining on hand, over and above the interest
rs aforesaid aud 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 the State
Of Louisiana, bearing ak per cent. interest, and
becoming due, prior 10 the maturity of the Bonds,
to be issued under this Ordinance
Be IL further Osddined, tec., That this ordin-
so far rs II levies tax, and provides for the
payment of the interest aud the formation of
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-
tue Of this Ordinance, are fully paid and cxtin-
guished, with the following limitation aud reser-
vation, 10 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
paid into the treasury of the city OF Baton Rouge,
then and in that event. the tax, herein levied and
assessed, shall no longer be collected, nor the pay
mcnt Of the same enforced.
BE IL further enacted, de-, That with view of
taking the sense of the voters in the said city Of
Baton Rouge, whose property Is taxed by this
Ordinance-An election shall be held, on the Sth
day Of June next, 10 be conducted, as far IA Is
consistent with this Ordinance In conformity with
the laws, regulating the Municipal elections of the
city Of Baton Rouge Mt 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 "FOK THE RAIL ROAD those
who not in favor Of such approval to deposite
their votes. AGAINST THE RAIL ROAD" And
it IL hereby made the duty of the Mayor to furnish
the Commissioners Of the election wiz. properly
certified list, Of the authorized voters, and to give
public notice Of such election for Thirty days,
published in ono or more the newspapers prin-
ted In the city Of Baton Rouge.
Be IL further orddine1, dc, That the City ASS
essor and Tax Collector in remuneration of the
services required Of him by this Ordinance shall