The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-06-08
A Ordnance, provH1ng br Che spb-
scnption, On the part Of the City
Of Baton Rouge, to the New Or
leans and Baton Rouge Rail Road
COmpanv. la. ,=.

0slscsaaen, cfthe city o, Baton Rouge, In Common.
Council conoe'sed, That It shall be the duty Of the
Mayor Of the city Of Baton Rouge. within ten days
after the ratification Of this ordinsnce to subscribe
on behalf Of the Aforesaid city, for One Thousand
Shares, Of One Hundred dollars EACH Of the Stock
Of tie New Orleans and Baton Rouge Railroad
Company; said subscription amounting, In the
aggregate to the sum Of One Hundred thousand
Dollars. 80 -, - - T.,
Be A/urther ordained, That for the payment Of
the subscription, hereinabove 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
90 years after the date thereof, and bearing In
terest, at the rate Of six per cent. per annum,
$1,000. U. g. America No.
State Of Louisiana.
KNOW all by these presents that the city
Of Baton Rouge, State Of Louisiana, scknowled.
ges 10 be indebted, 10 the New Ore ans and Baton
xeuss Rail Road Company n the sum q One
Rouge, promises 70 pay, in current money Of the
United btatss, TO the order Of the President Of
the said Company, In Twenty years from, the date
hereof; and also to pay an interest ct the rate Of
a. Ike oses IL he Trsssarsr Il &. .ad city, n
Baton Rouge, ON the orst day of-and nrst
day Of In every year upon the delivery Of
he interest warrants, Il The margin hereof until
he payment Of said principal sum transferable
In testimory whereof the Mayor Of the city Of
Baton RougS hat signed these presents, and the
Treashssr Of the said city has counterslsned the
same The zeal Of Baton Rouge being thereto
aahxed.
Done 1t Baton Rouge, this - day Of in
the year Of our Lord One Thousand Eight Hun.
dred and Fifty Four.
--, Treasurer.
b T. FURTHER ordatned, &c., That the stock &C.
4uired, b. virtue Of the Aforesaid subscription on
the part Of the city, shall, with it, revenues, be
specially reserved and set apart, for the payment
Of the principal, and interest, Of the Bonds 10 be
remain pledged, until such Bonds, principal and
interest, are fully paid and discharged.
Be Il further ordotned, &c., That It shall be
the duty Of the City Assessor, Immediately AFTER
the ratification Of this Ordinance, and annually
thereafter, to commence, and - soon - possible
to make and return, Q full and complete roll,
showing the value Of the landed estste, with.
in the corporate limits Of the Aforesaid city Of
sons, By whom the same may be owned, % far -
such nams Or names may be sscertained and It
shall furthermore, be the duty Of such Assessor,
within Five day., after such roll, shall have been
completed and returned, ~ herefnabove 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 realise and raise, annually, the sum Of Eight
thousand Five Hundred Dollars; and such rate Of
taxation, - annually ascertained and fixed, 10
hereby annusly levied upon all the landed
estate, situated within the corporate limits Of the
City Of Baton Rouge the said tax to be-
come d1e and payable on the drst Monday Of Au-
made the duty Of the Collector Of Taxes in and
for the said City Of Baton Rouge to collect the
taxes, authorised and levied BY this Ordinance,
and the collection Of the same, shall be enforced
be provided by Law, for the collection Of ether
Municipal taxes; and wherever any tax shall be
paid, under this ordinance 1t shall be the duty Of
the tax collector, to give to the person or parsons,
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 80 many shares, or
. share, or fractional part Of share, ofthe stock
Of the Baton Rouge and New Orleans Rail Road
Company, 10 the extent Of the tax paid by each
tax payer, subject to the privilege and pledge,
hereinabove setforth.
collected, annually - Aforesaid, shall when paid
into the treasury Of the said city there remain 70
An amount sufficient to extingush the annual In.
tersst, - Il may semi-annually become due, upon
the Aforesaid Bonds, and to be Withdrawn there.
5rem, for NO purpose whatever, except to pay Of
discharge, and extingush the annual interest, upon
The BoAds Aforesaid the surplus, remaining on
hand, over and above the sum sufficient to meet
the interest ~ Aforesaid, together with the pro-
ceeds or dividends, arising from the shares, sub.
. sinking fund, out Of which to pay o. and dis.
ehAsKe, al Of the said Bonds, Ut the maturity
thereof; provided, however, that the sum thu
remaining on hand, over and above the interest
"a, ~ A1.A AMA AfspSA~ -
arising from the stock, - aforesaid, may b. used
in taking up, the aforesaid City Bonds though
not due, and in the purchase Of Bonds ofthe State
OF Louisiana, bearing six per cent. interest," and
becoming dus. Prio. 70 the maturity OF the Bood'
1sH further ordotned, &C., That this ordip.
anco % far % II evies tax and provides for the
payment Of the interest and the formation Of q
sinking fund, shall not be repealable until the
entire amount due and to become due, upon
the Bonde issued BY the Mayor, under and by viz
tue Of this Ordinance, are fully paid and extin.
guished, with the following limitation and reser.
vation. TO Wit. That whenever . sum sufficient u
Day and discharge the full amount Of the afore
or 10 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
ment Of the same enforced.
BIT NErther enacted, &c., That with view O
taking the sense Of the voters, In the said city
Baton Rouge, whose property 10 taxed by THU
Ordlnance-Ane election shall be held, on the ST.
day Of June next. 70 Be conducted, % far - [
consistent with this Ordinance In conformity will
the laws, regulating the Municipal elections Of tn.
city Of Baton Rouge at which election, the 70
tiers on whose property the tax 10 levied, shall b,
authorised to vote; those who are In favor Of th.
approval and ratification Of this Ordinance, to de
posite their ballots "FOR THE RAIL ROAD thos,
who are not In faver Of such approval, to deposit.
their votes, AGAINST The RAIL ROAD" Ant