New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-10-26
N O. JDs
8 n a CT

| To- authorize the police jury of the parish
of Cadds to issue bonds.
SECTION I. Be it enacted by the Senate
and House Of Representatives Of the State
Of louisiana in General Assembly convened,
That tor the purpose of enabling the police
jury of the parish of Caddo to provide
funds for the erection Of a courthouse, jail
and other required public buildings, and to
pay the debt now due by the said parish,
the police jury of the said parish be, and
they are herebg authorized to issue the
bonds of said parisho duly signed by the
president and clerk Of said police jury and
sealed with the seat of said parish, to
the amount OF one hundred and fifty thou
sand dollars, or SO much thereof as may be
necessary, payable to bearer, in twenty years
from their date and bearing eight perinterest
cent per anpum, payable semi-annually; said
bonds shall be IN amounts OF not less than
one hundred NOr Gnore than one thousand
dollars. and may be sold under the direction
and control OF said police jury on the most
advantageous fGrmss0G exchanged for any
OF The debts OF obligations 0f said parish
provided, Hhat the ordinance Of said police
juryo making provision toG the issue OF
bonds unseG $his act. shall not Ma 40 the
effect .? law unless ic shall receive the
unanimous vote of ever8 member of said
police JURY OF Hhe said parish of Gaddo;
and provided SurtheT, than said bonds,
when issued. shall I've G0uptersigned by
each and eVeTy member OF SAID police
iulgo which shalL be evidence Of the
FACE that the issuing of said bonds
is unanimously approved by chem
SEC. 3 Be it further enacted, etce Shat,
in order to proVide fund fog the payment
of the annual installment of one-tWentieth
Of the principal of said bonds and of the
semiannuat interest as it becomes due, che
police jury OF said parish 10 hereby author
lied and required, within thirty days after
the assessment rolls 06 said parish shall
nave been completed, to determine what
rate OF taxation on all the total assessed
value Of all the movable and immOvable
property IN said parish will be sufficient for
the purpose Of paying she said one-twcn-
tieth of the principal OF said bonds and the
semi-annual interest; and said tax, as an
nually determined and ascertaineCh is here
by levied upon all the movable ana i'm
movable property that &nay be annually
assessed IN said parish, and it shall be tho
duty OF said police jury to enforce the col
lection of said 'SaX ia the same manner as
the law now provides, or may hereafter
provide, Sop the collection of oil @other
parish taxes; said tax, when collected, shall
be applied exclusively 80 the purposes in.
tended by this act. J
SEC. 3. Be it further enacted. etc, That I'm
til the final payment of the bonds issued
under this act, it shall be the duty of the
police jury of said parish, from time to time,
to apply the proceeds of the tax levied IN
der this act, to the purchase from the low
est bidders of the bonds issued under this
act as may be offered for sale, for which |
purpose public notice shall be given by said
police jury in the official gazette of said
parish, for thirty days, inviting proposals |
from bondholders for the sale to said par
sh of the bonds hereby issued.
SEC. /. Be it further enacted, etc, That |
al expenses incurred in carrying out this act |
shall be paid by the parish, and that CHS |
act shall go into effect from and after its
passage. d
(Signedy @. Fl. BREWSTER,
Speaker oG the House of Representatives
Signed! =. B. S. PINCHBACKo |
Lieutenant Governor and President OF Che |
Senate.
Approved August IS, 1872
!Signed) II. q. WARROT3,
Governor Of the Stats of 4souisi@n&9 J.
4 true copy:
y. a. Wo0DWARfe,
Assistant Secretar5 OF StaGs',