New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-14
LAWS Of THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. l3.
AN ACT

No. 13.
AN ACT
To authorize the police jury of the parish of
Red River to issue bonds for certain pur-
poses.
SECTION l. Be it enacted by the Senate
and House of Representatives OF the State
Louisiana in General Assembly convened.
That for the purpose Of building court
house and jail, and paying the indebtedness
of the parish, the police jury OF the parish
of Red River are hereby authorized to issue
the bonds of said parish, duly signed by the
president and treasurer of said police jury.
and bearing the impression OF the parish
seal
SEC. 2. Be it further enacted, etc. That
the bonds SO issued shall not exceed in
amount the sum OF twenty thousand dollars,
or so much thereof as may be necessa V
and shall be OF such denomination and form
as the police jury may prescribe. They
shall be made payable to bearer. one. Two,
three, four five. six. seven, eight, nine and
ten years after date. respectively. with cOu-
pons attached, and shall bear interest at
the rate OK eight per cent, payable seminar
nually upon the presentation TO the parish
treasurer. They may be sold under the di-
rection and control of the police jury, on
the most advantageous terms
SEC. 3. Be it further enacted. etc, That
in order to provide a fund for the payment
OF the semi-annu.l interest and bonds as
they become due, the police jury OF said par
ish is hereby authorized and required, with
iu thirty days after the assessment roll of
said parish shall have been completed, or as
soon thereafter as possible, to determine
what rate Of taxation on the total assessed
value of all the movable and immovable
property in said parish will he sufficient
for the purpose of paying the said bonds as
they become due. and the said semi-annual
interest and said tax, as annually deter
mined and ascertained is hereby levied
upon all movable and immOvable property
that may be annually assessed in said par
ish, and it shall be the duty of the said po-
lice Jury to enforce the collection o. said Id x
in the same manner as the law provides or
may hereafter provide, for the collection OF
all other parish taxes. Said tax, when col
lected, shall be applied exclusively to the
purposes mentioned i'll this act, and said
tax shall be payable II United States cur
rency.
SEC 4. Be it further enacted, etc, That
uutil the final payment of the bonds author
lied to be issued by this act, it shall be the
duty of the police jury of said parish to
apply the proceeds of the tax, collected by
authority of this act, to the redemption OF
said bonds. in such manner as may De
deemed by them most advantageous TO the
best interests OF the parish.
SEC. ). Be It further enacted, etc. That
all expenses necessary to carry into effect
the provisions of this act shall be be paid by
the parish; and this act shall take effect
from and after It's passage.
(Signedl O. II. BREWSTER,
Speaker OF the House of Representatives.
iSigned P. b. S. PINCHBACk,
Lieutenant Governor and President OF tie
Senate.
Approved March /. 1872.
lSigned) Il. c. WARMOTH.
Governor OF Louisiana.
A true copy:
+. j. HEBRON.
Secretary of State.