New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-10
is hereby made to carry out the provisions

is hereby made to carry out the provision
of this act
SEC. 7. Be it further enacted, etc, Tha
if any of the bonds placed to the credit o
the special fund created by the second sec
ton of this act are not made negotiable OF
transferable by delivery, the State Trea
srrer shall cause to be written or stamped
on each of said bonds, at or before the time
Of its sale or exchange, as provided for in
| this act, the words: "This bond is hereby
made payable to bearer by delivery" and
| sign the same as Treasurer; and from and
after that date such bonds shall pass and
| confer perfect title to the holder by the
mere delivery, as if on the face Of it il was
payable to bearer The State Treasurer
shall weekly report to the Auditor of Pub
lie Accounts the number of bonds eX-
changed, their date, number. and amount
for which they were originally issued also
the number and amount of warrants or GER
tihcates Of Indebtedness for which they
were exchanged, and make full and ac-
curate statement i'll his annual report of all
the operations under the provisions of this
act.
SEC. 8. Be it further enacted, etc, That
to meet any deficit which may exist after
the bonds and money placed to the credit
OF the special fund created by the second
section of this act shall have been eX-
hausted, there is hereby levied a tax Of one
mill on the dollar on all to xable property Of
the State. according to the assessment Of
the year eighteen hundred and seventy
one, TO be collected and paid into the State
treasury, as other taxes in eighteen hun
dred and seventy-two; and should any de-
tcit exist on the first day of January,
eighteen hundred and seventy-three, it
shall be the duty of the Auditor Of Public
Accounts to ascertain the amount thereof,
and d special tax, sufficient for the pay
ment of such deficit, is hereby levied on
all the taxable property Of the State. &C.
cOrding 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 assessors for the levy herein pro-
Vlded for on the assessment rolls of eight
cen hundred and seventy-two. And said
tax thus paid into the State treasury shall
be used exclusively to pay warrants or GER
tificates of Indebtedness registered accord
ing to the first section of this act, and in
the order OF registry receipt as herein pro-
vided in case Of the sale of the bends.
SEC =. Be ii further enacted, ETC., That
all warrants and certificates of Indebtedness
under and in accordance with the
provisions of this act, except such as may
be exchanged for bonds as herein provided,
shall bear an interest at the rate Of six per
centum per annum from the date of their
registry until paid.
SEC. 10. Be it further enacted, etc, That |
any willful violation of the provisions of |
his act by the State Treasurer shall subject |
him to fine of five hundred dollars for each |
,tfense, to be recovered for the State by the |
Attorney General before any court of com
,etent jurisdiction. The State Treasurer
hall also be liable for damages IN full to
my party who shall suffer injury by his ille-
:al action or failure to perform any of the
luties enioined upon him. said damages to
'e recovered before any court of competent
on the nplaint of the injured
'arty.