The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-05-24


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 Guy, payable
81 wears after the date thereof, and bearing IN
terest at the rate Of six per cent. per annom,
payable semi annually the said bonds, shall be
10 the following form;-
$1,000. U. 8. America No.
state Of Louisiana.
KNOW all men by these presents that the city
os Ration Rouge, State Of Louisiana, acknowled-
ves 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
limited 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 annum, payable semi annually
Mt the Office of the Treasurer of the said city, IN
Baton Rouge, on the first day of-v-and frst
,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. - o.
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.
the year of our Lord One Thousand Eight Hun
bred and Fifty Four.
-, Mayor.
Countersigned
-, Treas urer.
Be itf further ordaiaed, de-, That the stock ac-
ouired. b, virtue of the aforesaid subscription
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, 10 be
issued under the provisions of this Ordinance, and
remain pledged, until such Bonds, principal and
intere Il. are fully paid and discharged
Be- n.furtter ordained, de-, That it shall be
the dntv of the CITY Assessor Immediately after
the ratification of this Ordinance, and annually
thereafter. to commence and as soon as possible
to make and return, a full and complete roll,
showing the value of the landed estate, with
in the corporate limits of the aforesaid city Of
Ration Romeo and the name of the person or per-
sons nv whom the same NAV be owned as far as
snch name or names may be ascertaned and it
shall furthermore be the duty of such Assessor,
within Five DAVIS after such roll shall have been
completed and returned, as hereinaboye 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-
rust in each and every year; and il 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,
and the collection of the same, shall be enforced
in manner and form. AS is now. or NAV hereafter
be provided by law, for the collection of Their
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,
pavipg such tax a 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
A share or fractional part of share of the stock
OF the Baton Rouge and New Orleans. Rail Road
COMPANY to the extent of the tax paid by each
tax Dayer subject to the privilege and pledge,
.hereinaboye setforth.
Belt further, or1ained &C., That the taxes to be
collected annually az aforesaid shall when paid
into the treasury of the said city there remain to
nm amount sufficient to extiuyuish the annual IN
terest, as it may mi-annuaily become due, upon
the aforesaid Bonds, and to be withdrawn there
from for no purpose whatever except to pay of,
discharge and ex tnyuish the nnual in terest upon
the Bonds aforesaid :: the surplus remaining on
hand, over and above the sum sufficient to meet
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
a sinking fund, out of which to pay or 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
as 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 the State
of Louisiana, bearing six per cent interest and
To- trrifu rf