New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-06-15
-OFFTCTAL NOTICES

fund as hereinafter specified. All holders OF Wal
rants or certificates of Indebtedness reglstere1 e
warrants or eartiic etes Of indebtedness within
ten days after the bonds to the credit OF the seS
fund created in the second section OF TINS act sh
herein. specified shall lose their right of prefer
ence, and the party or parties who shaL pIssS,ns
their registered warrants or certificates OF u
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 70 tno
credit of the special fund created for the purpose
or in bonds as hereinbefOre provided specle
approximation Of all the moneys or funds Whics
shall be placed to the credit Of tile special Juno
created BY the second section OF this act or 80
much thereof as may be necessary, is hereby maze
20 carry out the provisions OF this act. 70
SEC. :. Be it further enacted etc, That If any %
fhe bonds placed to the credit Of the special luna
created by the second section OF this act are noB
made negotiable or transferable by delivery bhe
State Treasurer shall cause TO be written or
stamped each Of said bonds, at or before I1A
time of its sale exchange provided for in THIS
act the words. 'This bond is hereby made pay
able to bearer by delivery" and sign the Same g
Treasurer and from aud after that date such be1as
shall pass ana confer perfect title 20 the hoatt
by the mere delivery, If on the face OF II u s
payable to bearer The State Treasurer shals
weekly report to the Auditor of Public Accounts
the number of bonds exchanged, their date, nun-
Oer and amounts for which they were originally ~
sued; also the number and amount of warrants az
certificates Of Indebtedness for which they were
exchanged, and make full and accurate state
ment in his annual report of all the operations nm
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 tund 5
have been exhausted there is hereby levied o tax
Of one mill on the dollar on all taxable properties
the state according to the assessment of the year
eight cen hundred and seventy-One TO be collected
and paid into the state treasury, other taxes in
eighteen hundred and seventy-twO; aud should
any deficit exist on the first day of January
eighteen hundred and seventy-three, it shall DO
the duty of the Auditor Of Public Accounts to as
certain tine amount thereof, and special tax SUI
helent Tor the payment of such deficit, is hereby
levied on all 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, 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 acts
provided, that there shall be allowed no oOmpensa
ton to collectors for the levy herein provided fer
on the assessment rolls of eighteen hundred and
seventy-twO And said tax thus paid into the State
treasury shall be used exclusively to pay warrants
or certificates Ofindebtedness registered according
20 the first section Of this act and in the order OF
registry, except as herein provided in of the
sale of the bonds.
SEC. 9. Be it further enacted ETC.. That an vBAT-
rants and certificates of indebtedness registered
under and in accordance with the provisions o. this
acr, except such as may be exchanged for bends az
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
wlful 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
urer shall also be liable for damages in full to any
party who shall suffer injury BY his illegal action
OF failure to perform any of che duties eniOinea
upon him, said damages to be recovered before any
court of competent jurisdiction the complaint OF
the injured party.
SEC. II. Be it further enacted etc. That this act
shall take effect from and after its passage, aud aa
acts contrary to inconsistent Herewith ar@.
hereby repealed.
(Signed) O. II. BREWSTER
Speaker OF the House Of Representatives.
(Sgned) P, B. s. PINCHBACK,
Lieutenant Governor and President of the Senate
Approved May Is, 1872
(Signed) H. c. WARMOTH
Governor of the State of Louisiana.
A true copy:
f. j. HEBRON,
Secretary of State. les l0t