Semi-weekly Louisianian. [volume] (New Orleans, La.) 1871-1872, 1871-06-01

issued by this company, In his an
nual report to the General Assem-
bly, the Treasurer shall give full
statement Of any proceedings had
by b N unce, this act al d it shall,
be the duty of the State Treasurer
on the first of every month, to COM
municate to the president of this
company a statement of the amounts
received during the past month, and
the disposition thereof.
9. That whereas no tax, as pro-
vided herein, can be levied and col
lected during the year eighteen hun
nred and seventy-one, the Governor
of the State is hereby authorized
and required to Issue the bonds Of
the State to this company
to the amount of one mil
lion of dollars, said bonds to be de-
ivered to the president of the COM
pany fling with the Secretary Of
State an acceptance of this act, and
resolution of its directors and in
corporators, binding itself to per-
form the obligations of this act.
Said bonds shall be of the denomi-
nation OF one thousand dollars each,
shall be signed by the Governor,
countersigned by the Secretary of
the State, and sealed with the seal
of the State. They shall be dated
on the first of April, 1871, and shall
be payable to the president of the
Louisiana Levee Company" or
bearer. They shall bear interest at
the rate of eight per cent per annum
both principal and interest to be
paid in the legal money of the Uni
ed States, at the time when the
payments are due, Said bonds
snail be registered in the books of
the Auditor of Public Accounts and
of the State Treasurer, and payable
in New Orleans or New York, at the
option of the holder on the first day
of April and October of each year.
For the payment of the principal
and interest of the bonds aforesaid,
the faith of the State of Louisiana
is Internationally pledged to the
holder. TO provide for the prompt
payment of the principal and inter
est of said bonds, an annual tax of
one-half mill on the dollar shall be
levied and collected on real and per-
sonal property in the State subject
to taxation, which tax shall be paid
into the State treasury, and shall be
placed to the credit of a special
fund to be entitled "The Louisiana
Bond Fund.-" which fund shall be
applied first to the payment Of the
coupons of said bonds, as the same
shall fall due, and any excess there
after shall be aph-sd, annually, to
the purchase and retirement of said
bonds.
10. That should an officer of the
State fail, neglect or refuse to do
any of the matters or things which
he shall be required to do, by the
provisions Of this act, said corpora
ton may apply any court OF coinpe-
tent jurisdiction, for writ of man
damus, directed to said officer who
shall neglect, fail or refuse to per-
form said matter or thing as afore-
said, commanding him to do and
perform the matter or thing, so as
aforesaid required Of him, and said
Judge shall therefore issue said man
damus; provided, that said judge
may, in his discretion, appoint q
special commission with full power
to do and perform such matter or
thing, and to comply with the re-
quirmehts Of such provision of this
act; and the actions and proceeding
of said commissioner in the premises
shall have the same validity and
force as if they had been done and
performed by said officer.
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