New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-14
OFFICIAL NOTICES


fund as hereinafter specified All holders of war
rants certificates Of Indebtedness, registered as
hereinbefore provided who shall not present their
warrants or eertifc ates of indebtedness within
ten DAYS after the bonds to the credit of tie special
fund created in the second section Of this act shall
have been offered for sale at public auction as
herein specified, shall lose their right OF prefer
enee, and the party or parties who shall present
their registered warrants or certificates Of in
debtedness within the said ten days for payment,
shall receive payment in the order OF their regis
tratiOn, in money if there shall be any to the
credit Of the special fund created for the purpose,
or IN bonds, as hereinbefOre provided specia
appropriation of all the moneys or funds which
shall be placed to the credit of the special fund
created by the second section OF this act or so
much thereof as may be necessary, is hereby made
TO carry out the provisions of this act
SEC, L Be 1t further enacted, ETC. That if any Of
the bonds placed to the credit Of the special fund
created by the second section OF this act are not
made negotiable OF transferable by delivery, the
state treasurer shall cause to be written or
stamped on each of said bonds at or before the
time OF ats sale OF exchange provided for in this
acti Ihe words; rms bond is hereby made pay.
aDle 20 bearer oY delivery" and sign the same
Treasurer and from and after that date such bonds
shall pass and confer perfect title to the holder
payable to bearer The State Treasurer SNAIL
weekly report to the Auditor Of Public Accounts
the number Of bonds exchanged their date uun.
ber and amounts for which they were originally is.
sued; also the number and amount of warrants or
certificates Of Indebtedness for which they were
exchanged, and make a fun and accurate state
ment in his annual report of all the operations I'm.
der the provisions of this act,
o.
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 exhausted, there is hereby levied tax
of one mil the dollar on all taxable property Of
the State according to the assessment Of the year
eight een hundred and seventy-One to he collected
and paid into the State treasury other taxes in
eighteen hundred and seventy-twO; and should
any deficit exist on the first day Of January,
eighteen hundred and Eeventy-three, it shall be
the duty Of the Auditor Of Public Accounts to as
certain the amount thereof and special tax, suf-
heient for the payment Of such deficit, is hereby
levied on ali 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 eOmpensa-
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
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. 9. Be 1t further enacted, etc, That all war
rants and certificates Of indebtedness registered
under and in accordance with the provisions of this
acr, except such as may be exchanged for bends as
herein provided, shall bear interest at the rate
Of six per centrum per annum from the date Of their
registry until paid.
SEC 10. Be it further enacted, etc. That any
wlful violation OF the provisions of this by the
State Treasurer shall subject him to fine Of five
for the State by the Attorney General before any
court Of competent jurisdiction. The State Treas
shall also be liable for damages in full to any
party who shall suffer injury by his illegal action
OF failure to perform any Of the duties eniOiDed
upon him, said damages to be recovered before any
court of competent jurisdiction on 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 all
acts contrary to or inconsistent Herewith are
hereby repealed.
(Signed) o. H. BREWSTER,
Speaker Of the House of Representatives
(Signedl P. B. s. PTNCHBACK,
Lieutenant Governor and President Of the Senate.
Approved May IS 1872.
(Signed) H. c. WARMOTH
Governor Of the State Of Louisiana.
A true COPY:
F. J. HERaoN
Secretary of State. ie5 let