Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-07-13


wHEAEis, sArhiA has passed both houses
of Ale Genersl Assembly of the State of
Louisiana, under the title Of " An Act
relative, 70 the Louisiana Levee Company !
a corporation organized under the gener1
laws Of this State constituting it . body
politicand; corporate, with certain powers,
privileges aud franchises AID contracting
with said corppration,"" etc, which said
bill, is nov before tie Governor 9! said 7
State for his approva,;;' h1Ss - fHafi Z
And whereas, said parties Of the first /
part will be required to accept the terms /
conditions and stil.u'atioaso Of said act Il
the General Assembly after il becomes
law, before the slme VIII become binding
ON The said parties on the first part; 4
And whereas. Certain notifications o.. /.
and additions 10. sdd net and contract ,
are advisable, and have been agreed on
between the parties heieto, OF the hr't and
second parts, aud il is desirable THAT such
notifications and additions be clearly de-
! fined aud stipulated between the parties
aforesaid, before the bill or act aforesaid
! shall become a Law, with a view that after
i the.x,id act is signed, an is accepted by
the parties OF the first part, the said
! notifications and ai,iti,ns shall be en-
bodied in an at Of the General Assembly,
to aid in doing which the parties hereto
Of the first and of the second part, and
each subscriber, individually, shall give
his earnes. aid. with the understanding
ilat should, for any cause whatever. the
bill enbodying said notifications and
additions fail to become o law, neverthe-
less, the parties to this act agree and bind
themselves that said notifications anu
additions, AS stipulated and set forth in
) this act, shall be forever obligatory and
binding upon said parties of the first part.
unless released therefrom by the SAID
party of the second pat.
Therefore, the following are stipulated
and agreed 10 as the notifications and
additions, hereinbefore mentioned and
referred 10, viz
First-Tae coni,niss.ol of engineers "a
. . De Appointed under the authority of ar
,icla one az, section two (2,. Of the afore
: said act of the q nerll-Assembly. shall BE-
required to limit the amount of levees tC
{ be constructed, rs required by their re
port, so that they shall not exceed iiiteel
/ ,l5,OG), OO0) millions cubic yards. nor tn
!, ,otal amount collected for tbs construc
= lion cunl ever exceed nine hun ired thou
II .and 5000, 600 dollars annnnlly.
l. Second Article three 81 of the secon'
Il section OF said act shall he SO construed
l. that no greater ii ,hts or privileges shnl
Il oe granted to said company, party of tn
j. iis. part, empowering them to take pr
- yatc property for the purposes Of risll
10 oc way, and the construction or extenslo
}! If levees, than have been exercised by tn
1t State, parish or municipal authoritie
Dc heretofore, for the like purposes. accord
u ing 10 law
1t Third-The power 10 mortgage {
~ pledge, according to article eight ~ !
C. said section two t:.) of said act, or a"cor'
al ing to any other provision Of said e
q shall ouly extend 10 the fund known
lG the construction fund, ard 4. no tim
o. hall the COMPANY, party hereto Of q
ls' first part, sell or dispose Of bon.l' for Il
h. payment of " .ic'l said construction fun
's' is mortgaged or pledged. 10 an amour
nd exceeding the value OF the work done. !
70 more than five hun lred thousand $500
ifs 900, dollars, and TINT the Auditor Of Pu
on y Accounts, and the State Tre,,sru
shall! not register bonds of the compa,
ia' exceeding at any time, 10y more .han fl
ali hundred thousand dollars the atnoun.
or work done. --
u Fou III A comm ssion to consist
lo' three persons one 70 be appointed
io' the Governor, one 10 be appointed by I
"i board'o: directors of the con,.r:ny,, pal
DE hereto of the first party, ana one TO
appointed by the President of The Unit
ial States: and in the event Of this Last Q
DE pointnent failing TO be made, then {
WI other tive shall act, who, with the On
'e" Engineer of the State, shall inspect
ST. work performed by the company. q
ali make monthly reports thereof to the Gt
s. ernor of the State Said com mission sIl
mo also on tho first day of each month
nv o:tener, if desired, OH demand Of the y
the s;la,, of tho eo,nna,n- ,psr,c, all VIZ
performed for which no certificate
been issued, and certify TO tie san
'ee- stating the amount thereof, ana shall
liver copy of said ccrtifi ate TO the =
Inc ernor of the State, and another copy
q 2 the President Said commissioners.
"ept one, appointed by the company, 81
he paid by the State at the rate of
i'a' thousand (ss0o0) dollars per annum.
i' Fifth-A commission Of one per ce
g. %. on the amount collected shall be ALLOW
as It compensation to such officers
whom shall devolve the collection of
taxes imposed by the act of the Gen,
~ Assembly hersinbefore re'erred TO. to
Es1 deducted and paid cut OF the funds of
De company. 80 - =
any Sixth--Ilmtead of three millions of Gu
lisi- ynrds Of levee to be constructed by
'T aid company annually, as provided
and article four az section two GO of said
o OF the said company shall undeit.ke