The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1871-04-22


! Governor, be and is hereby raised anG
locating in the city of New Orleans site
for 4 State Hous", and the other buildings
and improvements necessary for State pur-
pose. for purchasing the necessary grounds
therefor, and for all purposes appertaining
thereto, and to contract for the building OF
said State House thereon, and other ncces-
sary bindings, and it shall be lawful tor a
majority of said committee to act.
SEC. 2. Be it further enacted, ETC., That
for the purposes of paying for tn" grounds,
and for the building of said State House
| and other buildings and improvements ne
ceSSary thereon, as authorized by the first
section Of this act, that the sum Of fifteen
hundred thousand dollars be and the same
is hereby appropriated, to be paid as fol-
lows, to wit: Que hundred thou>an dol
lars to be applied to the purchase of the
grounds, TO be paid on the order of the
thereof, on the Auditor of Public Accounts,
whose duty it shall be to warrant on the
State Treasurer for said amount, and the
balance of said fifteen hundred thousand
dollars there to be paid in bonds of tire
State of Louisiana, having forty years TO
ran from their date, signed by the Cover
nor and counter>igned by the Auditor of
Public Acco lnts State Treasurer and
Secretary of State, and under the great
seal OF the State of Louisiana to be made
payable to bearer, and dated February
tenth 10} eighteen hundred and seventy
one 097l), and to draw eight per cent per
annum interes', with interest coupons at
tached, payable semi-annually principal
and interest payable at New York or New
Orleans, as may be deemed advisable by
the commission or a majority of them.
SEC 3. BE it further enacted etc. That
for the purpose of providing for the pay
mcnt of the interes: on said bonds as it &C
crue>, that all the provisions Of section
nine of an act entitled an act to provide
revenue, to levy and collect taxes, to grant
and collect licenses. to provide { T the
creation, appointment and removal Of revc,
nue. officers, and to define their duties to
pnniSh certain crimes and misdemeanorS,
and to create liens and mortgages in favor
of the State in certain cases, and to reyu-
late the manner of the payment Of moneys
from the treasury, approved March Is,
1870, shall apply to the payment of the in
tcrest on the bonds provided for IN this
act.
SEC T. Be it further enacted, etc. That
for the purpose Of laying the principal of
said bonds when they may mature, that
twenty Years before the maturity OF said
bonds there shalt he set apart annually, out
Of the general fund in the treasury Of the
State, scventy-fve thousand dollarS to be
used in retiring or taking up said bonds;
that AZ soon ~ il amount Of scventv-fve
thousand dollars IS set spart ca:h year,
the Auditor Of Public :fcconnts and State
Treasurer shall advertise for proposals to
take Up and pay any such bonds TO said
amount for not less than thirty nor more
than forty days, and al the end Of the time
they shall accept the bids for the lowest
amounts, provided they do not exceed he
principal AMI interest to that time; and if
no bids be made within such time, then
such amounts shall be investedin State or
United States securities to the best adyan-
tage, which a e TO be held until the matu-
rity of said bonds, and then to be used in
paying the same
SEC. 5. Be it further enacted, etc, That
it shall be the duty of the Auditor to trans
IeT 10 tiie pClSOtlS aforesaid, ol lllelr agents,
Or from whom> oever the grounds herein
authorized to be purchased my be pur-
chased, on the order of this commission Or
a majority Of them, so many of said bonds
as may he 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 sbod and
valid title to the same, free from all incun-
branceS.
Sec. 6. Be it further enacted, etc, That
this act shall take effect from and after its
passage, and that ali laws or parts Of laws
IN conflict with the same are hereby re-
pealed.
(signed) GEO. W. CARTER,
Speaker of, the House of Representatives
(Si4ned) OSCAR. j. DUNN,
Lieutenant Governor and President IF the
Senate.
A true copy:
GEO. E. BorEE,
secret'ry of State: