New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-09
OFFIGIAT. NOTICES


/ fund as hereinafter specified. All holders Of var
rants certificates Of indebtedness registered as
hereinbef0re provided, who shall not present tneT
| warrants or eertihc ates OF Indebtedness W4tnih
ten days after the bonds to the credit Of e spee1at
fund created in the second section Of this act shat
have been offered for sale at public auction as
herein specified, shall lose their right Of prefer
ence, and the party or parties who shan 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
approximation Of all the moneys or funds which
shall be placed 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 ont the provisions of this act
SEC. 7. Be it further enacted, ETC. That if any Of
the bonds placed to the credit Of the special fund
created by the second section OF this aeU are not
made negotiable transferable by delivery, tina
State treasurer shall cause to be written or
stamped on each Of said bonds, at or before the
time Of its sale or exchange provided for IN this
act, the words This bond is hereby made pay
aDle 10 bearer bY delivery, and sign the same as
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 it was
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 or
ceftiheates OF Indebtedness for which they were
eAchanged, and make full and accurate state
ment IN his annual report of all the operations
der the prov sions of this act.
SEC. q Be it further enacted, etc. That to meet
any deficit which may exist after the bonds aud
money placed to the credit Of the special fund
created by the second section of this act shall
nave 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
cen hundred and seventy-one, to be collected
and paid into the State treasury as other taxes in
elshtseta hundred and seyenty-twoi and should
any deficit exist the first day of January,
elghteen hundred and seventy-three, it shall be
the duty OF the Auditor Of Public Accounts to as
certain the amount thereof and a special tax, suf
nclent Tor 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.fhrae and tbe
amount in each case to be placed to tie credit of
provided that there shall be allowed no co91rTss
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 pay warrants
or 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. 8. Be It further enacted, etc. That all war
rants and certificates of Indebtedness registered
under and in accordance with the provisions of this
&C except such may be exchanged for bends as
herein provided shall bear an interest at the rate
OF SIX per eentum per annum from the date Of their
registry until paid
SEC 10. Be it further enacted, etc, That any
Wu violation Of the provisions Of this act by the
State treasurer shall subject him to fine of five
hundred dollars for each Oitense, to be recovered
for the State By the Attorney General before any
court of competent jurisdiction. The State Treas
urer 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 enjOned
upon him, said damages to be recovered before any
court OF mpetent 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 aud all
acts contrary to or inconsistent Herewith are
hereby repealed.
(Signed) q. IL BREWSTER
Speaker Of the House of Representatives.
NSlgnedl p b. s. PINCHBACK,
Lieutenant Governor and President Of the Senate.
Approved May 25 1872.
(Signedl H. G. WARMOTH
Governor of the State OF Louisiana.
A true copy;
F. J. HEBRON,
Secretary of State. les 10