New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-16
No. SO.
AN ACT

To authorize the police jury of the parish
OF West Feliciana to issue bonds for GER
tain purposes.
SECTION i. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in General Assembly con-
yened, That the police Jury of the parish of
West Feliciana be and they are hereby
authorized to issue the bonds of said
parish, duly signed by the president
and treasurer Of said police jury, and sealed
with the seal of said. parish, to the amount
of thirty thousand dollars, or as much
thereof as may be necessary, To take up
and settle the outstanding warrants or GER
tifcates of Indebtedness issued by said
police jury, payable to bearer in five years
from their date, and bearing six per cent
interest per annun, and payable annually;
said bonds shall be in amounts of not less
than fifty dollars nor more than one thou
sand dollars; may be sold under the direc-
ti0ns and control CT the police jury, or ex-
changed for any of the debts or obligations
of said parish.
SEC. 2 Be it further enacted, etc. That
in order to provide fund for the payment
of the annual installment of one-fifth of the
principal of said bonds, and of the annual
interest as it becomes due, the police jury
of said parish is hereby authorized and re-
quired, within thirty days after the assess
to determine what rate of taxation on the
total assessed value of all the movable and
immovable property in said parish viii be
sufficient for the purpose of paying the one
fifth of the principal of said bonds, the said
annual interest; and said tax, as annually
determined and ascertained, is hereby
levied upon all the movable and immOvable
property that may be annually assessed in
said parish, and it shall be the duty of said
Tn av1f fzd pf
tax in the same manner as the law now pro-
vides, or may hereafter provide, for the col
lection of all other parish taxes. Said tax,
when collected, shall be applied ex-
clusively to the purposes indicated by this
act.
SEC. g. Be it further enacted, ETC., That
until the final payment of the bonds issued
under this act it shall be the duty of the
police jury of said parish, from time to
time, to apply the proceeds of the tax levied
under this act to purchase from the lowest
bidder Of such bonds issued under this act
as may be offered for sale, for which pur-
pose public notice shall be given by said
police jury in the official gazette of said
parish for thirty days, inviting proposals
from bondholders for sale to the parish of
the bonds hereby issued.
SEC. 4. Be it further enacted, ETC., That
all expenses incurred in carrying out this
act shall be paid by the parish, and that
this act shall go into effect from and after
its passage.
(Signedl o. II. BREWSTER,
Speaker of the House. of Representatives.
(Signedl p. B. S. PINCHBACK,
Lieutenant Governor and President Of the
Senate.
A true copy:
+. j. HERON,
Secretary of State.
Received in the Office of Secretary Of
State June IA, 1872.
The foregoing act having been presented
to the Governor of the State of Louisiana
for his approval and not having beer
returned by him to the house, of the General
Assembly in which Il Oripinafed within tie