New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-01-24
OFFICIAL,
No. i. 4
STATE Or LOUISIANA, ExEuuTIvE Der RrstENT,
-. New 0rlaana Dec. Is. 1865. Il

No. III
STATE oT LOUISIANA, ExEuuTIvE DER ARTMENT,
New Orleans, Dec. 2S, 1865.
In accordance with the provisions OF an act Of
the General Assembly, hereto annexed, proposals
are invited and Will be received for thirty days,
expiring January 3lst 1866 for the purchase of
one ,lsso,s Of dollars Of bonds Of the State, paya
Bile IN twenty years, bearing interest, payable
Iiannually, at the rate Of eight per centrum per
annum, and secured by the pledge Of all the pro-
ceeds Of the sales Of the public or swamp lands
belonging to the State.
Bids will be received as low as one thousand
dollars, to be addressed to the Governor Of the
State, and Endorsed 6 Proposals for the Purchase
of Bends.'
For the information Of capitalists and others who
may wish to invest in these bonds, statement is
annexed, prepared by the Register Of the Land
Office, showing the number Of acres Of swamp
lands remaining unsold, and from which, it will be
seen, the security offered for the redemption Of
the bonds and the payment Of the accruing inter
est, is ample and certain. With the present depre
citation Of paper currency below the standard of
gold these bonds offer inducements for investment
Of capital that cannot fail to be appreciated by the
moneyed men of the country.
i +
Governor Of Louisiana.
mo. 1851
| AN ACT TO AUTHORIZE THE GOVERNOR TO ISSUE THE
BONDS OF THE STATE FOR THE AMOUNT OF ONE
MILLION OF DOLLARS AND TO PROVIDE FOR THE
PAYMENT OF THE SAME, TO nEFRAY THE EXPENSES
OF BUILDING LEvEEs, m ACCORDANCE WITH THE
CONTRACTS MADE By HIM AND THE LEvEE C0MMIs-
sToNERs, APPOINTED FOR THAT PURPOSE.
| SECTION. j. Be il e,aacted By the Senate and
House Of Representatives Of Tie State Of Louisi-
ana In General assembly, concerned That the
Governor of this State is hereby authorized to
issue the bonds Of the State ito be signed by him,
and countersigned by the Secretary Of State, and
1 sealed with the seal Of the State, in sums as he
/ shall think proper, up to the amount Of one mil
lion Of dollars, payable in twenty years, and bear
ing interest payable semi annually, at the rate Of
4 eight per centum per annum.
SEC. 2. BE it further enacted, etc., That the
Governor, in conjunction with the Board Of Levee
Commissioners shall advertise for thirty days in
the official paper, and two other papers, published
in the city Of New Orleans, for proposals for the
purchase Of the bonds issued under the provisions
Of this act and upon the receipt of the bids the
/ Governor and Board Of Commissioners shall have
the power to accept or reject the same, as they
may deem best; provided that in the event Of the
bids being under pal. and rejected, the Governor
/ and Board of Commissioners shall be and are
/ hereby authorized to pledge said bonds, or any
part thereof, to borrow the money necessary te
carry out the provisions of this act, until the
i Legislature shall otherwise provide or direct
i SEC. 8. Be 1t further enacted etc, That to Sc
cure the payment ofthe said bonds and all interes
that may accrue thereon, all the proceeds of thu
sale of the public swamp lands belonging to The
il State are hereby pledged.
SEC. 4. BE it fu,tte, eaacted etc., Thatif during
the year. the proceeds of the sale Of the Public
Swamp Lands belonging to the State SO pledged
for the redemption Of said bonds after reservins
an amount sufficient to meet the interest coupons
there should be surplus, said surplus shall be ap
piled to the purchase from the lowest bidder Of
such bonds issued under this act, and the Governor
and the Commissioners or amajority Of them, shall
have the right Of rejecting all bids, demanding
more than the face of the bonds, for which pur
pose, public notice shall Be given by the Governor
in the official gazette and one other gazette in Oh
out Of the State, for sixty days. inviting proposals
from bond holders, for the sale Of the bonds, here
in described.
Size. S. That this act shall take efsct from and
after date.
I tsigned) DUNCAN S. CAGE,
4 Speaker Of the House of Representatives
| tSigned) ALBERT VOORHEES,
i Lieutenant Governor and President of the Senate
/ Approved December %, 1866.
i iSigned) j. MADISON WELLS,
A true copy: 4 &, 8 = -
j j. II. HARDY,
i - y C.