New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-03-09

Louisiana, having forty years to run frou
their date signed by the Governor and
countersiyned by the Auditor Of Public 40
counts, State Treasurer and Secretary Of
j., State. and under the great seal OF the Stats
of Louisiana: to be made payable to bearer
and dated February tenth 10y eighteen
hundred and seventy-one (i5ll, and to
draw eight per cent per annum ;ntcrcst,
with interes: coupons attached, payable
scniannuaily: principal and interest pay
able at New York or New Orleans. az may
he declued advisable by the commission Or
a majority of them.
s;f:. g. BE it further enacted, etc, That
for the purpose of providing for the pay
incnt of the interest on said bonds as it ac-
crucs, that AL the provisions of section
nine of an act entitled an act TO provide
rcvcnuc. to levy and collect :axcs, to
grant and collect licenses, to provide for
| the creation. appointment and removal Of
| revenue officers. and tn define their duties;
| 70 punish certain crimes and SisdcHcanOrg,
| and 20 create liens and mortgages in favor
of the State in certain cases, and to regu-
late the manner of the payment of moneys
from, the treasury. approved March 10. 1870.
| shall apply to the paynen: of the interest
| on the bonds provided for in this act.
| SEC L. BE it further enacted. etc, That
| for the purpose OF paying the principal Of
| said bonds when they may mature, that
| bonds there shall he set apart annually, out
| of the general fund in the treasury Of the
| State. scventy-:ive Thousand dollars 10 he
,.Sa,, in retiring or taxing UP said bonds:
| tina. as sOan as said amount OF savcntY-five
| Thousand dollars is set al,aE'; each year. the
| Audiio. of Public AcroEnts aud State Treas
| urer shall advertise for p!ci"sa!s to take up
and pay any such bonds ~ said amount, for
! not less than thirty nor more than forty
| y ri, Y~up Yftf..- hall
accent the bids fur the lowest amounts. pre
! vied they 10 not exceed the principal and
| intercs. 10 that time: and If no bids I've
made within such time, then such amounts
| shall he Invested III State ar United States
securities 20 the best advantage. which are
10 bc held until the maturity ri said bonds,
| and then to be used in paying the same.
SEC. >. BE /: further enacted. etc. That
| it shall be the duty of the Auditor 10 ;rans-
| Ter to the persons aforesaid. or their agents,
| or from w.iOlnSocyer the grounds herein
| authorized to I've purchased may be pur-
chased. on the order of this commission or
4 majority Of them. 50 MANY ct said bonds
as may be necessary to pay for such pur
| chase on the commissioners being satisfied
that proper and valid titles thereto have
| been made to the State of Louisiana, and
| that the State has acquired a good and valid
| title to the same. tree from all incum-
! berances.
SEC 6. Be it further enacted. ETC.. That
this ACT shall IL Ike effect from and after its
/ passage and that all laws or parts of laws
in conflict with the same are hereby re-
| pealcd.
| (Signedj GEO. ". CARTER.
| s, eaker of the House of Representatives.
| . (Siyncd) OSCAR J. DUNN.
| Lieutenant Governor and President Of the
| Senate.
! A true copy:
GEO. T.. BOvEE.
Secretary of State.