New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-07
OFFTCTAL NOTICES

fund as hereinafter specified. All holders OF war
rants certificates of indebtedness, regsJeieq "
hereinbefOre provided, who shall not preseus titJ,
warrants or certificates of indebtedness WlUhln
ten days after the bonds to the credit OF te
fund created in the second section OF TINS act siL
have been offered for sale at puDIc auctlOn eS
herein specified shall lose their right OF prefer
ence, and the party parties who shall 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 hereinbetOre provided specl9
appropriation Of all the moneys or funds Whlcn
shall be placed to the credlI OF bhe speelal ulu
created by the second section OF TINS ACT, OF 50
much thereof as may be necessary, is hereby made
to carry out the provisions Of this act
SEC. 7. Be it further enacted ETC., That II any OF
the bonds placed to the credit Of the special fnd
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 foT IN inns
able to bearer BY delivery" and sign the same as
Treasurer; and from and after that date sucn OO1ds
shall pass and confer perfect title to the holder
by the mere delivery, as If on the race OF IT, was
payable to bearer The State Treasurer shall
weekly report to the Auditor of Public Accounts
the number of bonds exchanged, their date, num-
ber and amounts for which they were originally IS
sued; also the number and amount of warrants or
certificates OF Indebtedness for which they were
exchanged, and make full and accurate state
meut i'll his annual report of all the operations un-
der the provisions of this act.
SIC. 8. Be it further enacted, etc. That to meet
any deficit which may exist after the bonds and
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
eighteen hundred and seventy-One, to be collected
and paid into the State treasury as other taxes in
eighteen hundred and seventy-twO; and should
any deficit 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 suf-
levied on ali the taxable property Of the State
according to the assessment rolls of eighteen
hundred and seventy-tw0 to be collected and
placed into the State treasury, other taxes in
eighteen hundred and seventy-three and the
amount in each case to be placed to the credit Of
the fund created by the second section of this act;
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
seyenty-twO And said tax thus paid into the State
treasury shan oe used extensively 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 in 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
acr, except such as may be exchanged for bends as
herein provided shall bear 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
wilful violation Of the provisions of this act by the
State Treasurer shall subject him to a fine of five
hundred dollars for each Oftense, to be recovered
AOA JAlo STATE ny bLc OcubIhi Bc1OL6 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 enlOined
upon him, said damages to be recovered before any
court Of competent jurisdiction on the complaint Of
the injured party.
SEC. II. Be it further enacted etc, That this act
shall take effect from and after its passage and all
acts contrary to or inconsistent Herewith are
hereby repealed.
(Sgned) 0. H. BREWSTER,
Speaker of the House of Representatives.
(Signed) p B. S. PINCHBACK
Lieutenant Governor and President of the Senate.
Approved May 25 1872.
(Sgned) H. C. WARMOTH,
Governor Of the State OF Louisiana.
A true copy:
T. J. HEBRON
Secretary of State. les 10