New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-03-15
LAWS OF THE STATE OF LOUISIANA
PUBLISHED BY AUTHORITY.
No. IL.
AN ACT

AN ACT
To authorize the police jury of the parish o
Red River to issue bonds for certain pur
poses.
SEcTIos l. Be it enacted by the Secat,
and House of Representatives of the Stat,
| Louisiana ia General Assembly convened
That for the purpose of building a court
house and jail, and paying the indebtedness;
of the parish, the police jury of the paris!
Of Red River are hereby authorized to issut
the bonds of said parish, duly signed by til,
president and treasurer of said police jury
and bearing the impression of the parisl
seal.
SEC. 2. Be it farther enacted, etc. Tha.
the bonds so issued shall not exceed il
amount the sun OF twenty Thousand dollars
or SO much thereof as may be necessaly
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. min and
ten years after date. respectively. with cou
pons attached. and shall bear interest al
the rate OF eight per cent. payable seml-an
nually upon the presentation to the parish
treasurer. They may be sold under the iii,
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-annual interest and bonds as
they become due, the police jury OF said par
ish is hereby authorized and required, with
in thirty DAYS after the assessment roll of
said parish shall have been completed, OEas
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 be 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 ali 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 of said tax
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 in this act. and said
tax shall be payable in United States cur
rency.
SEC. I. 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 be
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 its passage.
(Signed) O. II. BREWSTER.
Speaker of the House of Representatives.
tSigned) p, d. S. PINCHBACK,
Lieutenant Governor apd President OF the
Senate.
Approved March 1, 1872.
(Signed) II. c. WARMOTH.
Governor OF Louisiana.
A true copy:
+. J. HEBRON.
Secretary of State.