The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-06-07

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.
Be II ordained By he Mayor and Board Of
!SEectn,sn, Cfthe city Of Baton ROUGE In Common
CbSuci conUened, That II shall be the duty Of the
Mayor Of the city Of Baton Rouge, within ten days
after the ratification Of this ordinance to subscribe
on behalf Of the aforesaid city, for One Thousand
Shares, Of Ons Hundred dollars each, of the Stock
Of the New Orleans and Baton Rouge Railroad
Company said subscription amounting, In the
aggregate to the sum Of One Hundred Thousand
Be tsfurther ordained, That for the payment Of
the subscription, hereinabove authorized, It shall
he 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-
yes TO be indebted, to the New Ore 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 annum. payable sem-annually
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
she 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 ouf Lord One Thousand Eight Hun
dred and Fifty Four.
CountersIgned
-, Treasurer.
Be t. FURTHER Ordained, DC, That the stock &C.
'quired, BY 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, TO be
issued under the provisions Of this Ordinance, and
remain pledged, until such Bonds, principal and
interest, are fully paid and discharged.
Be u further ordained, DC, That il shall be
the duty Of the City Assessor, Immediately after
the ratification Of this Ordinance, and annually
thereafter, to commence, and as possible
to make and return, . full and complete roll,
showing the value Of the landed estate, with
in the corporate limits Of the aforesaid city Of
Baton Rouge, and the name Of the person or per-
sons, BY whom the same may be owned, rs far as
such name or names may be ascert&iDed 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
Al, ~ - ID
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 i, 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 may hereafter
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 persons,
paying such tax, receipt therefor, setting forth
the amount OF the tax paid, and on what account,
which receipt, shall entite 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 share, oftte 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,
hereinabove setforth.
Beitfurther 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
terest, as it may sem-annually become due, upon
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
hand over and above the sum sufficient to meet
the interest as aforesaid, together with the pro-
ceeds or dividends, arising from the shares, sub
scribcd for by the City of Baton Rouge, to form
a sinking fund, out Of which to pay of, 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
ms 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
becoming due, prior TO the maturity Of the Bonds,
to be issued under this Ordinance.
Belt further Ordained, de-, That this ordin.
SO far as 1t levies tax, and provides for the
payment Of the interest and the formation of O.
sinking fund, shall not be repealable until the
entire amount due and to become due, upon
the Bonds issuedb by the Mayor, under and by vr
tue Of this Ordinance, fully paid and extin-
gushed with the following limitation and reser
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
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 longer be collected, the pay
lnent of the same enforced
Be 1t further enacted, &C., That with view Of
taking the sense Of the voters, in the said city Of