New Orleans daily crescent., 1866-01-19
! / Kt|si'I||| !! ] / / / f. !.

I hi 81 I Issr ~ 4, III il Iszr srsiESFs
New Orleans Dec 2ss iseo. II
Ii A0cordxnee wish the visions n San saet e |
the lsneras Assem mhgys anEe ezed, proposals |
nj inyfted md III M for thirty GAYS,
expsfibg January slst; fpr the purchase ofl
pias ssifos 81 ollass III bondsof the state pay
able II tNsnty 5eAss bearlng interest. payable
semi annually If ~ rate IF eight per csnsum per
snnsin, III. secured by the pledge of Az TIE pro
ceesis il ina sslsa u te public q swamp lands
BELONGING Il ,ihe Il
s. Bids NiIl HI Teceived aa low as one thousand
5do,lsxst ID III drcssaa To the Governor Of the
lBtate, ara indorssd Y Proposals for the Purchase
|css bonds.
Mi ths informant Of capitalists and others Who
iray wish b invest iii these bonds, statement IS
Anne xsd, prepared III the Register of the Land
I0fsee, showing the number Of acres Of swamp
lands remaining unsold and from which, II viii be-
seen, the secnrfty ofIered for the redemption of
eha bonds and ths payment of the accrning inter
III ample and cartan. With the present depres
ciati1H Ut paper currency below The standard Of
Eufd these bonds ohef inducements fer Investment
III that cannot fail 70 Be By the
d lnsn of the country
/. MADISON WELLS
Governor Of Louisiana.
No, s5.
AuF no AuTHoRIzE THE GoyERNOR TO ISSUE THE
BofDs 0F THE STATE FOR THE AMOUNT or ONE
Il MIhEI9N or DozIARS AND 10 PR0FInE FOB THE
| oF THE sA sE. 10 DEFRAY THE ExPESsEs
4 or BU UfInTsG ID iii il ACCORDANCE WITH THE
| coNTRA AeFs MAp ApE HH him ND THE LHvEE coafaais-
sIofsERs. TED ron EH AT rgKRos
/ Sgcr1oN. u Be II enacted 6g ne Senate and
/ Rouse p tsres ef tse Lo,tssis
ana in General Asenably coaaesasd,s That the
Governor III this State i hereby authorized To-
issue the bonds of The to be signed nv him,
and count 81 the Secretary of State, and
seaiea WITH tHe seal of Hill stats, IA sums AS he
sf1iI think pfon lib 10 ths amount ~ one mil
ion III aellass u twenty years, and bear
inr pay able semi annually at the rate of
glt psE hi ntain peT annlIil
kkosg II He III Aaer enacted, stc, That the
Ill rcfj janc ction, It'll the Board of Leveel
ets hall adFertise for thirty days in
tz1 ~ 1tiz and tive other peGs, published
III 6fty 0f New Orleans, for proposals foF the
cfnse 0f The bonds issned under the provisions
III fhis act and upon The receipt Of the bids the
Escvarnor and Board of C0mrniss sioners shall have
the IL ID accept 81 reject the same, as they
deem best; provided that ii the event of the
hids being nnsaer far and rejected. the Governor
sli6 Board of Gomniszio oners shall be and are
Hhereby authorized ii pledge said bonds, or any
III thereof, to borrow the money necessary t6H
carry cut fhe provisions Of this act, until the
aturs shall otherwise provide or direct.
sEu. 3. ne "a sGef- enacted etc. That to se-
cure she payment of the said bonds and III interest
that may aecrua thereon, all the proceeds Of the
sa MI Is M h ~ Jny,f3a crinr Il, the
state are hereby pledged.
sEcs 4. Be u enacted etc., Thatif during
year the proceeds of The sale of the Pnblic OF
Swamp Lands belonging 10 the State DO pledged
for the redemption Of said bonds after reserving
al amount nfeient to meet the interest coupons,
there should III surplus. said surplus shall BE ap
piled to the pureh ehase from the lowest bidder Of
such bonds issued under this act, and the Governor
and Tie amaj jority ef them, shall
have HE right of rejeeting all bids, demanding
| more than Hill face of the bonds, fol which pnr.
Sse, public notice shall be given BY Tue Governor
Id tie official gazette and ono other gazette In or
out of Tie State, for sixty days inviting proposals
from bond ders the sale of the bonds, here
in described.
HRs. s, That this act shall take effect from and
after date.
(Signed) DUNCAN s. GAGE,
Speaker Of the House Of Representatives
| iSigned ALBERT F0ORHIES,
Lieutenant Governor and President Of the Senate.
| Approved December N 1865.
{Signed1 u. MADISON WELLS,
Governor " the State Of Louisiana.
y. H. HARpY. N
Secretary Of State.