New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1866-01-03
OFFICIAL.

No. II
STATE OF LOUISIANA, EXECUTIVE DEPARTMENT,
New Orleans, Dee Is, 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 million Of dollars of bonds of the State, paya-
BILE in twenty years, bearing interest, payable
semi-annually at the rate Of eight per centum 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 indorsed g Proposals for the Purchase
/ of Bonds"
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 accrung 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.
J. MADISON WELLS,
Governor of Louisiana.
mo. 35,1
AN ACT TO ATTHog 81 o, TI1S IU M OWE
I MILLION OF DOLLARS AND TO PROVIDE FOR THE
| PAYMENT OF THE SANE, TO DEFRAY THE EXPENSES
| OF BUILDING LEVERS, IN ACCORDANCE WITH THE
| CONTRACTS MADE BY HIM AND THE LEvEE COMMITS
! S1oNERS, APPOINTED FOR THAT PURPOSE.
SECTION. l. Be ii enacted by the Senate and
House Of Representatives of the State Of Louisi
4 a., A thp
Governor of this State is hereby authorized to
issue the bonds of the State, to be signed by him,
and countersigned by the Secretary of State, and
sealed with the seal of the State, in sums as he
shall think proper, up to the amount of one mil
ing interest, payable semiannually, at the rate of
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 ii
the official paper and tive other papers, published
in the city of New Orleans, for proposals for the
purchase of the bonds issued under the provision!
of this act and upon the receipt of the bids The
Governor and Board Of Commissioners shall .hav,
the power to accept or reject the same, as the.
may deem best provided that in the event of thu
bids being under par and rejected, the Governo
hereby authorized to pledge said bonds, or an.
" part thereof, to borrow the money necessary t.
carry out the provisions of this act, until tn
Legislature shall otherwise provide or direct
Sec. g. Be it further enacted, ETC., That to Sc
cure the payment the said bonds and all interes
that may accrue thereon, all the proceeds Of tn
sale of the public or swamp lands belonging to tn
State are hereby pledged
e Sec. 4. Be it further enacted, etc., That durin
G .he year. the proceeds of the sale of the Public 0
It Swamp Lands belonging to the State so pledge
FOR the redemption of said bonds after reseryin
m amount sufficient to meet the interest coupons
# there should be surplus, said surplus shall be al
5 Ip1ied to the purchase from the lowest bidder G
a such bonds issued under this act and the Governo
s. and the Commissioners or amaiority of them sha
have the right Of re 3ting all bids, demandin
J., more than the face of the bonds, for which pul
pose public notice shall be given by the Goyernc
in the official gazette and one other gazette in {
out of the State, for sixty days. inviting propose
from bond holders for the sale of the bonds, hert
in described
SEC. S. That this act shall take effect from an
: after date.
= (Sgned) DUNCAN S. CAGE,
! = Speaker of the House of Representative
(Signed) ALBERT VOORHEES,,
" Lieutenant Governor and President of the Senat
= Approved December %, 1865.
: (Signed) j. MADISON WELLS,
Governor of the State of Louisian
1 A true copy
ID j. II. HARDY,
,,orC