New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-16
OFFICIAL NOTICES


fund as hereinafter specified, All holders of war
rants OF certificates Of indebtedness registered as
hereinbefore provided, who shall not present tnelr
warrants or eertiho ttes of Indebtedness Wlthln,
fund created in the second section OF this act sha
have been offered for sale at public auction as
herein specified, shall lose their risat OF prefer
ence, and the party or parties who shall present
their registered warrants or eertincates 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 specla
approximation of all the moneys or funds Whlen
shall be placed to the credit of the special fund
created by the second section OF this act or 80
much thereof as may be necessary, is hereby made
to carry out the provisions of this act.
SEC. :. Be IL further enacted etc, That " any OF
the bonds placed 70 the credit Of the special tuna
created by the second section OF this act are nO6
made negotiable or transferable by delivery, the
State Treasurer shall cause to be written or
stamped on each of said bonds, at or before the
time OF its sale or exchange, as provided Tor IN TINS
act, the words: This bond is hereby made pay
able to bearer by delivery" and sign the same %
Treasurer; and from aud 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 1t was
payable to bearer The State Treasurer shall
weekly report to the Auditor OF Public Accounts
the number of bonds exchanged their date num-
Der, and amounts for which they were originally is
sued; also the number and amount of warrants OF
certificates OF Indebtedness for. which they we're
exchanged and make full and accurate state
ment IN his annual report Of all the operations I'M
SIC. 8. Be il further enacted, etc, That TO meet
any deficit which may exist after the bonds and
money placed to the credit Of the special FUND i
create by the second section OF this act shall
have been exhaust. d. there is hereby levied tax
Of one MIL on The dollar ON oil taxable property Of
the State according to the assessment of the year
eight cen hundred and seveuty-One TO be collected
aud paid into the State Treasury as other taxes in
eighteen hundred and sevenfy.twO; aud should
any deficit exist on the first day Of January,
eighteen hundred and seventythree, it shall be
the duty OF the Auditor Of Public Accounts to as
certain the amount thereef, and special tax, suf-
hoent for the payment Of such dehctt ts hereby
levied on ali the taxable property Of the State
according TO the assessment rolls of eighteen
hunuEea ana seyehty-two, TO be collected and
placed into the state treasury, as other taxes in
eighteen hundred and seventy-three, and the
amount 10 each case 10 be placed 20 the credit OF
the fund created by the second section of this acti
provided, that there shall be allowed no cOmpensa-
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
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
&C except such as may be exchanged for bends 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
wilnul violation of the provisions of this act by the
State Treasurer shall subject him TO fine of five
hundred dollars for each Otfense. to be recovered
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
or failure to perform any of the duties eDiOined
upon him. said damages to be recovered before any
court of competent jurisdiction the complaint Of
the injured party.
SEC. H. Be it further enacted, etc. That this act
shall take effect from and after its passage aud all
acts contrary to or inconsistent Herewith arc
hereby repealed
(Signed) o. II. BREWSTER,
Speaker of the House Of Representatives.
fSigned) r. b. s. PINCHBACK
Lieutenant Governor aud President Of the Senate.
Approved May 25, 1872.
(Signed} H. c. WARMoTH,
Governor of the State OF Louisiana.
true COPY;
i. J. HEBRON,
Secretary of State. ie5 lot