New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-12
nFFTnTAT, NOTICES

fund as hereinafter specified. All holders OF var
rants OF certificates of indebtedness, reg1ste RED e
hereinbefOre provided who shall not Presen ts.
warrants or certificates Of indebtedness WlthLL
ten days after the bonds, to the credit q the sPe
fund created in the second section Of this aet snals
have been offered for sale at public auctlon 80 ~
ence and the party or parties who shau present
their registered warrants or eertlRcates u ~
debtedness within the said ten days for pa ymentI
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 a speel9
appropriation of all the moneys or funds Whlen
shall be placed to the credit Of the special Iuno
created by the second section OF TINS acU, OF ~
much thereof as may be necessary, is hereby maze
to carry out the provisions OF this act.
SEC Z. Be it further enacted, ETC. That If any o.
the bonds placed to the credit of the special tund
created by the second section OF this act are NOT
made negotiable or transferable by delivery, the
State Treasurer shall cause to be written OK
stamped on each Of said bonds at OF before the
time Of its sale OF exchange as provided Tor ~ ms
act, the words This bond is hereby made pay
able to bearer by delivery and sign the same -
Treasurer and from and after that date such bones
shai pass ana CONFER perfect tltie 20 tEe ~
by the mere qehvefy, as II on the race OF ~ II w.
payable to bearer The State Treasurer shan
weekly report to the Auditor Of Public Accounts
the number OF bonds exchanged, their date, mum
her, and amounts for which they originally 10
sued; also the number and amount of warrants OF
certificates, of Indebtedness for which t2ssy wezS
exchanged, and make full and accurate state
ment in his annual report of all the operations un-
der the provisions of this act.
SEC. 3. Be il further enacted, etc That to meet
any deficit winch may exist after the bonds ana
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 mill on the dollar all taxable property Of
the State according to the assessment Of the year
eight cen hundred and seventyone, to be collected
and paid into the State treasury as other taxes IN
eighteen hundred and seventy-twc; aud shoula
any denelt exist on the first day OF January
eighteen hundred and seventy-three it shall be
the duty OF the Auditor of Public Accounts to as
certain the amount thereof, and special tax, s1t
heieHt 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 seventv.three and the
amount in each case to be placed to the credit of
the fund created by the second section of this acts
provided, that there shall be allowed no eOmpensa-
ton TO collectors Tor the levy herein provided for
on the assessment rolls of eighteen hundred and
seventy-two. And said tax thus paid into tile State
treasury shall be used exclusively to pay warrants
or certificates Of Indebtedness registered according
to the first section of this act and in the order Of
registry except as herein provided i'll Of the
sale OF the bonds.
SEC g. Be it further enacted ETC. That all wan
rants and certificates Of Indebtedness registered
under and in accordance with the provisions of this
acr, except such as may be exchanged for bends
herein provided, shall bear interest at the rate
Of six per centum per annum from the date Of them
registry until paid.
SEC 10. Be it further enacted ETC. That any
wiltul violation OF the provisions of this act by the
State Treasurer shall subject him to a 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
uEer shall also be liable for damages in full to any
party who shall suffer injury BY his Illegal action
or failure 70 perform any OF the duties eDjOined
upon him, said damages TO be recovered before any
court OF competent jurisdiction the complaint Of
the injured party.
SEC. IL Be it further enacted etc, That this act
shall take effect from and after its passage and an
acts contrary to or inconsistent Herewith are
b reby repealed.
(Signed) o. H. BREWSTER,
Speaker Of the House of Representatives.
(Signedl p. B. s. PINCHBACK
Lieutenant Governor and President of the Senate
Approved May Is 1872.
(Sgned) H. c. WARMOTH,
Governor OF the State of Louisiana.
. A true COPY:
+. J. HERON
Secretary of State les 100