Le Louisianais. [volume] (Convent, La.) 1865-1883, 1869-11-13

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debts now due by said city, other than those
evidenced by city notes, a full and particular
statement, Of which debts shall be prepared by
The Controller and Treasurer Of said city,
verified by the Mayor and the members Of tho
Finance Committees Of the Boards Of Aldermen
aud Of Assistant, Aldermen, and said statement
Of said debts, verified and a,,e>ted as aforesaid,
shall be furnished to the fiscal agent of said
city and 1t shall be the duty Of said fiscal
agent 10 give said bonds At par in payment Of
The debts Of said city to tho crnJitors mentioned
in said statement, or TO their heirs or assigns.
SEC. 4. Be il further enacted, ETC., That
the fiscal agent shall publish every month a
sworn statement, Of the number and amount Of
bonds which have been thus given in payment
of said debts; aud Of HE persons to whom said
payments shall have been made, and Of the
amounts Of said bonds still remaining on hand,
which statements shall be verified and atles,ed
by The Mayor, Controller and Treasurer Of
said city.
SEC. s. BE il further enacted, etc, That
TO secure the p%unc,naI paytnen, Of the interest
and capital Of all the bonds TO be issued under
this act, IT shall be the dnty Of the Common
Connect Of said CRY within one month after the
passage OF this act TO appropriate n sufficient
sum out OF 'hc revenues Of the current year to
pay the monthly sum Of (s29. i6sN,wen,y nine
thousand one hundred and six,y.six dollars and
'wo.t''ir'~, as stipulated hereinafter, and annu.
ally in the month Of January, thereafter, until
tn bonds Of said city, known as the consoli.
dated bonds, will have been paid. The said
Common Council shall appropriate a sum
sufficient 10 pay the annual interest on Inc
bonds authorized TO be issued BY this act, and
j is hereby made the duty Of the City Trea-
snrer 70 dcposi, with the fiscal agen, on the
first Monday Of every month. during a period
Of thirteen yeats, The sum 0 f(S29, 1869 twenty
nine thousand one hundred and sixty. six dollars
and ,wothitds, which sums thus TO be deposited
with the fiscal agent, shall be applied e%xclusi-
vely 70 The semi annual payment Of the interest
coupons Of said bonds, and if said Treasurer
shall nes'ec, 70 make said deposit punctually
he shail not be permitted thereafter 10 do or
perform any official act, and it shall be Tho
duty Of the fiscal agent at once to publish said
default in one Of The newspapers published in
The city Of New Orleans.
SIC. 6. Be II further enacted, etc., That
al The expiration Of HE said period Of thirteen
years, or when the consolidated bonds issued
by said city as per &C. Of the Legislature Of
Louisiana, approved February ,weniy third,
one thousand eight hundred and fifty two, will
have been entirely paid, the payment Of the
i%n'eres, and capital Of the five millions Of
bonds to be issued under this act shall be
secured by the laws now in force to provide
TOR and secure the payment of said consolidated
bonds, which laws shall be applicable to the
bonds to be issued under This act; and the pay.
men. OF The interest and capital thereof shall
be provided Tor and made in the same manner.
and by a similar special tax, as is now levied
tor The payment of the interest, and capital Of
the consolidated bonds, and The laws on ,ha,
Subject shall continue in force and be made
applicable To the bonds to be issued under this
act until their entire payment.
SEC. 7. BE- il further enacted, ETC., Tha,
The bonds 10 be issued under this act, as we'll
rs the money 10 be deposited with the fiscal
agent, TO provldeior the payment Of the inieres.
and capital thereof, shall be exemp, from any
seizure al the suit Of the creditors Of SAID civ.
SEC, 8. BE il further enacted, etc, That
the city of New Orleans shall not be authorized
to issue any other bonds, notes or other evidence
1 ut indie hItsuuasl - u,r,,,,, t. AZ. 1884,.
'nent OF money actually in the treasury Of tho
city until the whole debt which is now due
.haIl have been paid; and any bond, note or
evidence of deb. issued by said city in violation
OF this section shall BE- absolutely null and
void; and the officer or officers issuing the
same shall be subject TO a fine OF five thousand
dollars, 10 be recovered for the benefit. Of tho
Charity Hospital by a civil action in any court
of competent jurisdiction.
Sec. Q BE it further enacted, ETC., Tia,
,hi. &C, shall be in force from The passage
thereof.
(Sisned) CHAS. w. LOWELL.
Speaker of the House of Representatives.
tS'gned) OSCAR J.. DUNN,
Lieutenant Governor aud President Of tho
Approved February 81, 1869.
(signeD II. C, WARMoTH,
Governor Of the State Of Louisiana.
A true copy:
GEO. E. BovxE,
Secretary Of State.