New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-08
nrTTnTAI. NnTTGRS

! = r-s1s >l.o>.,s-es-,,)y>ssc1
fund as hereinafter specified All holders OF var
rants or certificates of indebtedness reslste9
hereiuhefore provided who shall notpresent I4gn
warrants or eerti6c stes of Indebtedness within
ten days after the bonds to the credit OF the
fund created IN the second section o. TINS ~ see
have been offered for sale at public auction AZ
heJein specified shall lose their rlght Oh PloISlt
enee, and the party or parties who sinai ptesG ~.
their registered warrants or eertiheates OF N
de btedness within the said ten days for payment
shall receive payment in the order OF bhell Leess
credit of the special fund created for the purpose
or in bonds, as hereinbefOre provided A spScl@
appropriation of al the moneys OF funds when
shall be placed to the credit of the speclai Iuud
created by the second section OF this act, or 50
much thereof as may be necessary, IS hereby lnaue
to carry ont the provisions of this act
SEC. :. Be it further enacted, etc That II any o.
The bonds placed to the credit Of the special tuna
created by the second section OF this act are noL
made negotiable or transferable by delivery, the
State Treasurer shall cause to be written OF
stamped each Of said bonds, at or befOre Iue
act the words: 'eThis bond is hereby made pay
able to bearer bv delivery" and sign the same g
Treasurer and from and after that date sucn nqgas
shall pass and confer perfect tlJe 70 rue nuloet
by the mere delivery, If on the race OF IL 10 Hs5
payable to bearer The State Treasurer shalt
weekly report to the Auditor Of Public Accounts
the number of bonds exchanged, their date mum
Der, and amounts for which they were Or1gnauy IS
sued; also the number and amount Of warrants or
certificates Of Indebtedness for which they were
exchanged, and make full and accurate state
ment in his annual report of all the operations un-
der the prov s1ons OF this act.
SEC. g. 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
have been exhausted. there is hereby levied tax
Of one mill on the dollar on all taxable property o.
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 seyenty-tWo; aud should
| any deficit exist on the first day of January,
| eighteen hundred and seyenty-three, it shall be
| the duty OF the Auditor of Public Accounts TO as
certain the amount thereof and a special tax, suf-
! heient 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 seventytwO to be collected and
/ placed into the state treasury as other taxes in
eighteen hundred and seventy thlve, and the
amount 10 each case to be placed to the credit of
the fund created by the second section of this aets
provided, that there shall be allowed com pensa
ton TO collectors for the levy herein provided for
/ on the assessment rolls OF eighteen hundred and
seventytwo. And said tax thus paid into the state
treasury shall De 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 in case Of the
/ sale of the bonds.
! SEC. 9. Be 1t further enacted ETC.. That all war
rants and certificates of indebtedness registered
uhdet anu IN aCeotahee WIN tne PROV lslo1s OF TINS
ae-, except such as may be exchanged for bends "a
herein provided shall bear interest at the rate
of six per centum per annum nom the date Of their
registry until paid.
SEC. 10. Be it further enacted, ETC., That any
witu violation Of the provisions Of this act by the
State Treasurer shall subject him to a fine Of five
| hunGfed ooiiaIs tor eaeh odense' 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 e1iOined
upon him, said damages to be recovered before any
court Of competent jurisdiction the complaint Of
| the injured party. a ...--.-
SIC. II. Be it further enacted etc. That this act
shah take effect from and after its passage aud all
| acts contrary to inconsistent herewith are
| hereby repealed.
| (Sgned) o. II. BREWSTER
/ Speaker of the House of Representatives
| (Signed) p B. :. PINCHBACK,
| Lieutenant Governor and President Of the senate.
/ Approved May rs, 1872.
/ (Signed) q. G. WARMOTH,
Governor Of the state Of Louisiana.
| A true copy;
F. j. HERRON
! Secretary of State. ie5 10