Rapides gazette. (Alexandria, La.) 1869-187?, 1873-05-27

4
neglect or failure provided, That said cor
poTation shallfn no case be liable where
such injury shall be caused by or said fail
ure shall result from acts of violence Of
men, the wrongful acts Of individuals, the
existence of obstacles interposed by the
courts, OF the operation OF causes over |
which said company can have no control, !
OF on account ofthe Foods rising above the |
standard height determined by said COM |
mission
6. That within thirty days after the re- |
ceipt of the report Ofsaid commission, the
Governor of this State shall cause an esti-
mate to be made Of the cost Of constructing
or completing said leyees according 10 the
standard required by said report, SAID esti-
mate to be made at the rate of sixty cents
per cubic yard of said work, and 10 trans
nit the estimate TO the Auditor Of the state,
and the Auditor shall thereupon apportion
the sum total of the estimated cost OF seld
work among the several parishes according
TO the assessment rolls of the State, and
shall annually thereafter, for the pori0d OF
twenty-one years, eause to be collected ten
per centure of the sum OF said estimates;
provided. however, that until said estimate
is made rs provided in this article, the Au-
ditor Ct the State shall levy and collect an
nually, in lieu of said ten per centum OF
said estimate, two mills upon the dollar OF
the assessed yalue Of the taxable property
of the State. The said ten per centnm oI
the srm of said estimates, or tie said tax
in lieu thereof. shah be collected at the
same time, in the same mgnner and by the
same officers as the ordinary taxes of tue
State are collected Said ten per centum
of the said tax in lieu thereof, whencoilect-
ed, shall be paid over to the Treasurer OF
the State. and shall be set apart as speci-
al fund, to be known as the 'leyee construc-
ton fund.- which shall not be used for any
, other purpose than as compensation tcsald
Louisiana Levee Company and said fund
: shall be paid on the order Of the president
Of said company to the treasurer thereof.
Z. That the Auditor of the State shall
cause to be assessed and collected annually
for the period of twenty-one years from
| and after the passage ofthis act, two-tenths
of one per centum upon the assessed value
t of the taxable property within the state,
to be set apart and known as the levee re-
} pair fund, which said fund shall be collect
; ed at the same time, in the same manner
! and by the same officers as the ordinary
taxes of the State are collected, and shall
be used for no other purpose than as provl-
ded. Said fund shall be paid over 70 the
treasurer of said company upon the order Of
the president thereof, by the Treasurer Of
: the State, as compensation to said company
I for maintaining said levees in good and eff
ficient repair, according to the standard q;
hereinbetore provided; provided, however
that on the presentation to the Secretary o.
: the State of a certified copy of a Judgment
: or decree rendered in any court of this
] State, or of the United States, together
; with the certificate of the clerk ofsaid coui {
) that the time within which a suspeusiv'
a appeal or writ of error may be taken by
: said company from said judgment or decree
e as provided by law has expired, and thai
: no suspensive appeal or writ of error opera
: ting as a suspension has been taken from
e said judgment or decree, or that said judg
Y ment or decree has been affirmed by thu
# court of last resort upon such appeal or wri
/ of error, and that said final Judgment or de
e cree as not been paid, and that said INA
d Judgment or decree was for damages sus
q tanned by the neglect or failure OF the sai'
e corporation to erect or maintain said levee
Q as herein provided, the said Treasurer o
# the State may satisfy said final judgmen
o or decree, together with interest and costs
t out of said fund ; provided, he shall hav
II notified said company in writing ten day
before such payment that said Judgment o
n decree has been presented to him for pay
e ment and the payment of such Judgment
! interest and costs shall be considered as
/ payment to said company to the amour
s thereof out of the moneys SO set apart, a
i; provided for in this article.
= 8. That said company shall have full
d right, power and authority to mortgag
o said funds, and to transfer by proper in
IS struIaents in writing the power VI receiy
l. ing the same, OF any portion thereof, Il
d any person OF persons; and the Treasure
d of the State, upon presentation TO him 0
f.oll
ID from said funds such portion or portions Z
S. the person or persons so authorized to re
a. eeive them; provided, however, that if tn
D. said company shall issue its coupon bonds
e. and shall SO direct, all bonds so issued b
L this company shall be registered in tn
ir offices of Public Accounts and State Treasu
is rer, and snch registry shall be indorse
a. thereon, and the coupons thereto attache
le shall be stamped across their face by tn
to Treasurer, with fac smile of his sigma
r tnre; that to secure the prompt paymen
r of principal and interest of such bonds a
le NAV be issued by this company, {; sufficien
st amount of the revenues aecruing under til
u provisions of thus act are hereby pledged
i'd and after the issuance of and bonds by thi
n company it shall be the duty of the Stat
Treasurer to withhold from any funds i
ut the State treasury to the credit of said con
by interest coupons upon bonds so issued fal
Y, ing due within six months, which coupon
es he shall pay from the sum SO withheld at I'll
ne time and place so designated on said cor
III pons; and sum eiual to per cent of ii
We principal Of the said bonds so issued sha
to also pe retained by the State Treasure
be which sum shall be sufficient only to full
Is, retire the bonds at their maturity. tt
er State Treasurer shall annually advertis
Is, for period of thirty days, in the offici
DIS paper of the State and in at least one dali
as paper in the city of New York, for scale
Sc proposals for the sale to said Treasurer
aT an amount of bends sufficient to absoI
ne the aforesaid accumulated sinking fund
It. the year. On the first Monday after IL
e, expiration of said publication be shall opt
as said bids in his Office, in the pres ence
IN the Auditor of Public Accounts and Il
n, President of the company; and the aware
be shall be made to the lowest bidder; PROV