The daily comet. [volume] (Baton Rouge, La.) 1850-1856, 1854-05-31

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after the ratiflcai Of this ordinance, 10 sl,acrbe
OF behalf or the horcsaid city, for One Tl,euaaud
Shares, Of On, Hundred dollars each, Of the Stock
of tho New Orleans anil Baton Rouge Ilhllrond
Company said subscription amounting, In the
aggregate TO tho suin Of Gao Hundred Thousand
Dollars.
N Mfurtter oraainaa, That for the Payment Of
the subscription, hereinabove authorized, u shI
be tho duty OF the Mayor, To issue Coupon Bonds
in The name Of the city Of Ijnten Rouge, 70 tho
order Of the New Orleans ana Baton Eouee Hall
Road Company signed by The Mayor, ind counter.
signed by the Treasurer Of the sad city, payable
20 years after Tho date thereof, aud bearing Ia.
teros., at the rate II six per cont. per aupuh,
payable sent annually; the said bonds, shall bd
III the following fern -
$1,000. y. 4. America No. lz
state Of Louisiana.
KNOW all mcn BY these presents that. the city
OF Baton Rouge, state Of Louisiana, hGituowled.
gra to BE- indebted. to the Nrw 0fie ina md Baton
Rouge Rail Road Company in tile vun Of One
Thousand Dollars which sum the said city ofsl,aten
Rouge, promises to pay, 10 current money Of The
United states, TO The order Ut the President Of
ttNe aald Company, IN Twenty years Iron, thr date
hereof; and also to pay interest Mt the rats of
six per cent. per aiInun. payable semi-annually
a. the office Of the Treasurer of the said city, in
Baton Rouge, on The first day Of -t-@-hna first
day Of %---h- in every year n,,on the delivery Of
hG interest warrants, in the margin hereof until
lie paymenttof said principal sum transferable
by endorsement.
In testimony whereof the Mayor Of tho city of
Baton Rouge has signed these presents and tho
Treasurer Of the said city has cotfiters4ned tho
same, tho seal Of Baton Rouge being thereto
affixed.
Done nj Baton fonge, this .--- day Of - in
tho year OF our Lord One Thousand Eight lnn.
dlcj aud Fifty Four.
----~, Mayor.
F. CnuntarHiened
-----, Treasure
&c H. FURTHER oydatacd, De-. Thnt The stock hc
..r
the part Of the city, shall, with lis revenues, be
specially reserved aud act apart, for the payment
of the principal, and interest, Of the Ijondr, 10 be
Issued under the provisions Of tl,is Ordinance, AMI
remain pledged, until such bonds, principal and
Interest, are fully paid md discharged.
b. II FURTHER orddtnod Dc. That IL shall he
the duty Of the City Assessor, Immediately after
the ratification Of this Ordinance. and annually
thereafter, to commence, md as soon rs possible
To make and return, full and cuniplee roll,
showing the value Of The landed estate, with.
IN tho corporate limits Of The aforesaid city Of
E,ton Rouge, aud the name Of The person per
sonf, by whom the t1nc may be owned, n. fif "a
such maine Or names may be ascefthincd and IT,
shall furthermore, be the duty Of such Assessor,
within Five days, after such roll, shall hovc been
completed and returned ~ hereipaboyc required,
10 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 re,zc and raise, annually, The STUN Of Eith
Thousand Five Hundred Dollars; and such rate OF
taxation, as annually asccrtainei and fixed, IA
hereby annually levied upon all The landed
cstats, situated within the corporate limits Of the
CITY Of Baton Rouge; the said TAX to be.
como due and payable on the 6rst Monday Of Au-
F., N , saeh ma cyery year. ana y Is hershy
fer the said City Of Baton Rouge to coact The
t,sea, authorized aud levied by this Ordinance.
and The collection of The same, SHALL b. enforced
IN manner and form, asi5 now, or may hereafter
i,t,1h Foo Hoo
Municipal taxcs; and wherever any tax ehui Dc
pHtl, under this ordinance II shfll be the duty of
the tax collector, to give to tine person persona,
paying such tax, u receipt therefor, setiug forth
til hnnunt Of the tax paid, and on what account,
witch receipt, shall entitc Bnc'i lax payer 10
certificate, tran miserable Try delivery from the city
Of Baton Rouge for an amount equal to The tax
paid, aud which certificate shall be evidence Of the
ownership OF the tax payer, 10 50 uahy shares, or
share, or fractional part Of share, file stock
Of the Baton Rouge and New Orleans En Road
Company, to the extent Of the tax paid by each
tax payer, subject 10 tie privilege and p'edgo,
hcreinabovr getfprtir.
Bshfut'ier ogdatnCd, dc, That The taxes 10 be
collected, annually ns aforcFad shall when pail
into the TREASURY of The sld city, tcro rp,naiu 10
an amount sufficient to eSsinguah tie annual in
tescs', rs t. may scm-anbunily become due, upen
the aforesaid Bonds, and 20 be Withdrawn there
from, for purpose whatever, except to pay OF,
discharge, aud exiingush tho annual interest, upon
the Bonds aforesaid tie surplus, renal ming Oh
hand, over and above the sum sufficient I" meet
the interest ns aforesaid, together With the pro-
cceds or dividcnda, arising FROM tho shares, sub
scrihed for by the CITY OF Baton Rouge, to forju
a sinking fund, out of which to pay oil, aud d4.
charge, all OF the said Bonds, 1T The maturity
thereof provided, however, that the sun titus
remaining on hand, over aud above the interest
a. Aforesaid; aud the revenues and dividends,
arlang from the stock, as aforesaid, nHy he used
in taking np, the aforesaid City Bonds though
not due, and in the purchase Of Bonds ofthe State
# tnhtat hpr tratv I'M,
becoming due, prior 10 the maturity OF the Bonds,
10 be issued under this Ordinance
BcH fWtter oi1tainsd, .ea., That t','s ordln.
anco so far m II evies tax, and provides 'oE the
payment Of the interest and The formation Of u
sinking fund, shall not be rcpeplable until the
entire amount due aud TO become due, upon
the Bonds issued by the Mayor, under and by vr>
tue Of this Ordinance, fully paid aud extlu-
guishcd, with the following limitation and rescr.
walton. TO wit. That whenever u gum 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
rtd iuto the treasury of the city Of Baton Rouge,
then nnd in that event, the tax, herein levied and
assessed, shall no longer be collected, nor the pay
mcnt Of the same enforced
b II fn,tterenneted, Dr., That with view of
taking the sensc Of the voters, IN the said city #
Baton Rouge, whore property In taxed by this
orinanceAn election shall he held, on tie Sth
day of June next, 10 be conducted, rs far IA il
consistent with this Ordinance IN conformity viii,
the laws, regulating the Municipal elections Of the
city Of Baton Rouge at which election the vo-
trrs whose property The tax is levied, shall be
authorized to vote; thosc who in favor of the
approval and ratification Of This Ordinance to de-
posite their ballots "FOR THE RAIL ROAD" tl,osc
who not in favor Of such approval, to dcpoate
their votes, against THE RAIL ROAD" And
IL is hereby made the duty Of the Mayor 10 furnish
the Commissioners Of the election, wiz. properly
certified lat, Of the authorized voters, ana to give
public notice Of such election for Thirty day.
a1,nI tt,n
ted In the city Of Baton Rouge.
Eo Hfnfkher oriainei, DO, That the City Asa
'ssor aud Tax Collector, In remuneration Of the
services required Of him, by this Ordinance, shall