New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-06
No. 50.
- ACr

I
| To authorize the police .iry of the parish
of West Felciana to isse bonds for GER
| tain purposes.
SECTION /. Be it enacte by the Senate
! and House of Representatives. of the State
! of Louisiana in General Assembly con-
| vened, That the police iuryof the parish of
| West Feliciana be and ltey are hereby
/ authorized to issue the bonds of said
] parish, duly signed by the president
and treasurer of said policBury, and sealed
with the seal of said paris, to the amount
/ of thirty thousand dollas, or as much
| thereof as may be Necessary, to take up
and settle the outstanding warrants or GER
tifcates Of Indebtedness issued by said
police jury, payable to beGer in five years
from their date, and bearng six per cent
| interest per annum, and payable annually;
| said bonds shall be in amunts of not less
| than fifty dollars nor NOR than one thou
sand dollars; may be soldunder the direc-
tons and control Of the pdice jury, or ex-
changed for any of the deIts or obligations
Of said parish.
SEC. 2. Be it further enacted, ETC., That
in order to provide a fundfor the payment
OF the annual installment If One-ffth of the
principal of said bonds, AMI of the annual
interest as it becomes due the police jury
of said parish is hereby Authorized and re-
quired, within thirty days after the assess
ment rolls of said parish snail be completed,
to determine what rate q taxation on the
total assessed value of allthe movable and
immOvable property in said parish will be
sufficient for the purpose If paying the one
fifth of the principal of said bonds, the said
annual interest; and said tax, as annually
determined and ascerttined, is hereby
levied upon all the movable and immovable
property that may be annually assessed in
npid hall Ia %,o 4 o. a11
police jury to enforce the collection of said
tax in the same manner as the law now pro-
yides, or may hereafter provide, for the col
lection of all other parish taxes. Said tax,
when collected, shall be applied ex-
clusively to the purposes Indicated by this
act
SEC. 3. Be it further enacted. ETC., That
until 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
under this act to purchase from the lowest
bidder of such bonds issued under this act
as may be offered for sale, for which pur-
pose public notice shall be given by said
police jury in the official gazette Of said
parish for thirty days, inviting proposals
from bOndhOlders for sale to the parish of
the bonds hereby issued.
Sec. A. Be it further enacted, etc, That
all expenses incurred IN carrying out this
act shall be paid by the parish, and that
this act shall go into effect from and after
its passage.
(Signed 0. H. BREWSTER,
Speaker of the House of Representatives.
(Signed) p. B. S. PINCHBACK,
Lieutenant Governor and President of the
Senate.
A true copy;
+. J. HFRRON,
Secretary of State.
Received in the office of Secretary of
State June IA, 1872
The foregoing act having been presented
to the Governor of the STATE of Louisiana
for his approval, and not having been
returned by him to the houseof the General
Assembly in which it originated within the
time prescribed by the constitution of the
State of louisiana has become law with
out his approval.