New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-06
OFFICIAL NOTICES

fund as hereinafter specified. All holders Of var
rants or certificates of indebtedness, registered e
herenbefore provided, who shall not present lleH
warrants or certificates of indebtedness WltnilI
ten days after the bonds, to the cre Of the seclS
fund created IN the second section OF TINS act sht
have been offered for sale at public auction as
herein specified, shall lose their right of prefer
I ence, and the party or parties who SHAH presens
their registered warrants or certlncaJes o. VI
dehtedness within the said ten days for payment
shall receive payment, in the order Of their regis
tration, in money, if there shall be any 70 tlie
credit of the special fund created for the purpose
or in bonds, as hereinbefOre provided specl@
appropriation Of all the moneys or funds Whlc9
shall be placed to the credit Of the speelai Iono
created by the second section OF this act, OF 50
much thereof as may be necessary, is hereby MADE
to carry out the provisions Of this act.
See. Z Be it further enacted, etc. That II any oa
the bonds placed to the credit Of the special tuna
created by the second section OF this act are NOT
made negotiable or transferable by delivery, the
State Treasurer shall cause to be written OF
stamped on each Of said bonds at or before the
time of its sale OF exchange as provided LOT 10 ths
able to bearer bv delivery and sign the same -
Treasurer and from and after that date such bones
shall PISS and confer perfect title TO the noldef
by the mere delivery as II on the race OF ~ IL HS
payable to bearer The State Tlelsuter snail
weekly report TO the Auditor OF Pueue accounts
the number OF bonds exchanged, their da9e, nuil-
ber and amounts for which they were originally -
sued; also the number and amount Of warrants on
certificates of indebtedness for which they were
exchanged and make full and accurate state
ment in his annual report of all the operations UNI
der the prov .siORs Of this.aet.
any deficit which may exist after the bonds aud
money placed to the credit Of the special tund
created by the second section of this act shall
have been exhausted. there is hereby levied a tax
Of one NH on the dollar all taxable property OF
the State, according to the assessment of the year
eight cen hundred and seventy-one, to be collected
and paid into the State treasury as other taxes in
eighteen hundred and seventy-twO; and should
any deficit exist on the first day of January,
eighteen hundred and seyenty.three, it shall be
the duty OF the Auditor OF Public Accounts to as
certain the amount thereof, and special tax, suf
hcient tor the payment Of such deficit is hereby
levied on al the taxable property Of the State
according to the assessment rolls of eighteen
hundred and seventy-twO, to be collected and
placed into the State treasury, as other taxes in
eighteen hundred and seventy-three, and the
amount in each case to be placed to the credit Of
the fund created by the second section Of this act
provided, that there shall be allowed no cOmpensa-
ton TO collectors for the levy herein provided for
on the assessment rolls Of eighteen hundred and
seventy-twO. AND said tax thus paid into the State
treasury shall be used exclusively to pay warrants
or certificates ofindebtedness registered according
TO the first section OF this act, and in the order Of
registry, except as herein provided in case Of the
sale of the bonds
SEC. g. Be it further enacted etc. That all war
rants and certificates Of indebtedness registered
under and in accordance with the provisions Of this
act, except such may be exchanged for bends as
herein provided shall bear an interest at the rate
of six per centun per annum from the date Of their
registry uEtl paid.
SEC. TO- Be it further enacted etc, That any
wfu violation OF the provisions Of this act BY the
State Treasurer shall subject him to fine of fve
hundred dollars for each Offense to be recovered
for the State by the Attorney General before any
court of competent jurisdiction. The State Treas
urer Ehan also be liable for damages in full 70 any
party WHO shall suffer injury by his illegal action
or failure to perform any Of the duties eniOined
upon hiIz said damages to be recovered before any
court Of competent jurisdiction the complaint Of
the injured party.
SEC. II. Be it further enacted, etc. That this act
shall take effect from and after its passage and al
acts contrary to OF inconsistent Herewith are
hereby repealed.
(Signed) o. H. BREWSTER,
Speaker of the House of Representatives.
(Signed) P. B. S. PINCHBACK,
Lieutenant Governor and President Of the Senate.
Approved May 25, 1872
(Signed) H c. WARMOTH
Governor OF the State of Louisiana.
A true COPY:
F. J. HEBRON,
Secretary Of State. les 10