The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-05-23


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
Dollars.
Re Mfl,tser ordaimed, That for the payment Of
the subscription, hereinaboye 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 Kali
Road Company, signed by the Mayor, and counter
signed by the Treasurer of the said city, payable
20 wears after the date thereof, and bearing in
terest at the rate Of six per cent. per anbunl,
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
six per cent. per annum. payable semi-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
he interest warrants in the margin hereof until
he payment OF said principal sum transferable
by endorsement
In testimony WncfcOl the mayor OF the c1ty 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
-, Treasurer.
Be IT, further 0rs'dined, dc, That the stock
hr If he Il II
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 IL further ordained, DC, That it shall be
The duty of the City Assessor, Immediately after
the ratification Of this Ordinance, and annually
thereafter, to commence, and as soon as possible
to make Snd 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 per-
sons, by whom the same may be owned as far
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 ~ the total value of the landed
tate situated within the corporate limits Of the
aforesaid city of Baton Rouge, will be sufficient
20 realize and raise, annually, the sum of Eight
Jn0uSAnQ rave Injured DOilarS; ana such rate OF
taxation, aa annually ascertaned 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 aud every year; aud is 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, II may hereafter
Iaw yr q c6J inn of her
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 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 a
certificate transferable by delivery from the city
OF Baton Rouge, for an amount sequal to the tax
paid, md which certificate shall be evidence Of the
ownership OF the tax payer, to SO many shares or
share, or fractional part Of SHARE ofthe stock
Of the Baton Rouge and New Orleans Rail Road
Company, to the extent Of the tax paid by eaci,
tax payer, subject to the privilege and pledge, /
hereitabove setforth.
Fsi further Oi1Jdine6 dc, That the taxes to be |
collected, annually as aforesaid, shall when paid 7
into the treasury Of the said city, there remain to
an amount sufficient to eytinguish the annual in |
tereet, as 1t may semi-annually become due, upon
the Aforesaid Bonds, and to be withdrawn there
isorn. for no purpose whatever, except to pay off,
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-
ceeIs or dividends, arising from the shares, sub
scr!bed for by the City Of Baton Rouge to form /
sinking fund, out of which to pay off, 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, 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 six per cent. interest, and
becoming due, prior to the maturity of the Bonds,
10 be issued under this Ordinance.
Bel further ordained, de-, That this ordin-
Anco so far "a ievies tax and provides for the
payment of the interest and 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 fully paid and extin-
gnished, with the following limitation and reser-
walton, to wit. That whenever sum sufficient TO
pay and discharge the full amount of the aforc
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 Rougc,
then and in that event, the tax, herein levied and
assessed shall no longer be collected, nor the pay
ment Of the same enforced.
r. IT further endtted, sec., That with a view of
taking the 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 as4is
consistent with this Ordinance, in conformity with
the laws, regulating the Municipal elections of the
city Of Baton Rouge at which election, the vo-
tiers whose property the tax is levied, shall be
authorized to vote; those who are In vor Of the
approval and ratification of this Ordinance, to de.
posite their ballots "FOR TIE RAIL ROAD" those
who are not IN favor Of such approval to deposte
their votes, AGAINST THE RAIL ROAD" And
Il Is hereby made the duty of the Mayor to furnish
the Commissioners of the election, with properly
certified list, of the authorized voters, and to give