New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-01-25
THE WEEKLY REPUBLICAN
Terms Of Subscription.
Ous year, s.; SIX months, 81 60.
LAWS OFTHE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. -,
AN ACT

&4LN ~
Authorizing the Parishes OF Livingston
st. Helena, East Felicians, East Baton
Rouge and the City of Baton Rouge to
aid the construction of the New Orleans,
Baton Rouge and Vicksburs Railroad.
SECTION l. Be it enacted by the Senate
and House of Representatives OF the State
OF Louisiana in General Assembly convened,
That it shall be lawful for either or all Of
the parishes of Livingston. st. Helena, East
Feliciana, East Baton Rouge, or the city
OF Baton Rouge to subscribe to stock,
purchase bonds, or issue bonds to aid in the
construction of the New Orleans, Baton
Rouge aud Vicksburg Railroad.
SEC. 2. Be it further enacted, etc., That
SUCH subscription, purchase or issue may
be made by the Police. Jury Of either of the
parishes named, or the City Council of
Baton Rouge, and either of the said bodies
shall, prior to making such subscription,
purchase or issue, take the sense of the
qualified voters who are tax payers of their
parish or city, relative thereto by an election
called to vote thereon.
SEC. 8. Be it further enacted, ETC., That
such subscriptions, purchases or issues
made by such Police Jury or council, or by
vote Of the taxpayers. shall be valid and
binding in law upon the parish or city on
behalf of which the same is made, accord
ing to such regulations, conditions or limita
lions as shall be expressed by the ordin-
snces of the Police Jury of the parish or
City Council, passed prior thereto.
SEC. 4. Be it further enacted, ETC., That
the elections herein provided for, shall be
held under the supervision of commissioners
appointed by the Beard Of Selectmen of the
city Of Baton Rouge, for that city, and by
commissioners appointed for said parishes
by the respective Police Juries thereof,
under such regulations as said authorities
may prescribe.
sRc. 5. Be it further enacted, ETC., That
II the said Board OF Selectmen or Police
.Juries shall subscribe for the capital stock
ut the said railroad company, purchase
ne bonds of said company. or issue bonds
N aid thereof, they shall, before issuing
any bonds which they are hereby author
ICED TO do, either to pay for said stock or to
purchase the bonds Of sgid company, or to
aid in the construction Of said railroad, levy
q special tax upon the property within
their respective Jurisdiction, sufficient to
meet the interest of any bonds they may
issue 40 the same shall fall due, and provide
3 sinking fund to pay the principal at its
maturity. And the ordinances or resolu-
tions imposing said tax shall not be re-
pealed, altered or amended 80 as to impair
their efficiency until all of said bonds, in
principal and interest, are fully paid, nor
shall the proceeds of said tax ever be ap,
piled 10 any other purpose than that for
which it was levied.
this act shall take effect from and after its
passage.
Speaker Of the House of Representatives.
fSianed) OSCAR j. DUNN,
Ijeusenant Governor and President Of the
Senate.
Approved December 80, 1859:
lSigned) ii. G. WARMOTH,
Governor Of the State Of Louisiana
A true copy from the original:
GEc. e. BoTEE,
Secretary Of State.