The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-01-31

and the said appropriation shall be a con
t1nulng annual appropriation during tn,
same period, and this levy and appropriation
shall authorize. and make it the duty of tht
Auditor and Treasurer, and the said board
respectively, to collect said tax annually
and pay said interest and redeem the said
bonds until the same shall be fully dis
charged.
| SEC. 8. Be it further enacted. etc., That
the bonds and valid warrants out landing al
the time of the passage of this act, shall, as
fast as they are received in exchange for
consolidated bonds, be Cancelled and destroy
ed by the said board of liquidation, and con-
solidated bonds purchased as provided for
IN section seven of this act, shall be can
eeled and destroyed after public notice has
been given of the same in the official Jour
nal OF the State, in the presence of as many
citizens as may desire to be present. in like
manner, and within ten days after such de-
structlon, in each case, process verbal of
the same shall be published and report
made to the General Assembly ON the first
Monday of every year, by said board
SEC. ., Be it further enacted, etc., That
IT shall be the duty of the Auditor in his
next annual report to give detailed ac-
count of the proceedings had under this act.
including the amount of new bonds issued.
TO amount OF old bonds and valid warrants
Cancelled, the amount of the same outstand-
ing, and the cost of the exchange; and an
nually thereafter full and exact statement
OF the condition of the public debt under the
operations of this act.
SEC. 10. Be it further enacted, ETC.. That
any judge, tax collector, or any officer of
the State, obsSructing the execution of this
act, or any part of it, or failing to perform
his official duty Hereunder, shall be deemed
guilty of misdemeanor, and on conviction
thereof shall be punished by imprisonment
not exceeding i've years, and by fine not
exceeding two thousand dollars, at the dis
erection OF the court; provided, that this
section shall in no wise prejudice or affect
the criminal proceeding under section five
of this act.
Sec. IL. Be it further enacted, etc. That
each provision of this act shall be, and is
hereby declared to be, a contract between
the State OF Louisiana and each and every
holder of the bonds issued under this act
SEC. r. Be it further enacted, etc., That
all grants of State aid heretofore made.
whether of bonds, Endorsements, subscrip-
tons of stock, or otherwise, which have
become lapsed or forfeited, be and the same
are hereby repealed and annulled nor shall
the State hereafter modify, novate, or extend
any contract heretofore made for the giving
of State aid in any form or under any pretext
Sec. ID. Be it further enacted, etc, That
the entire State debt, prior to the year of
our Lord nineteen hundred and fourteen
rectly, beyond the sum of fifteen millions of
dollars, hereby authorized, it being the in
tent and object of this act, and of the ex-
changes to be effected Hereunder, to reduce
and restrict the whole Indebtedness of the
State to a sum not exceeding fifteen millions
of dollars, and to agree with the holders of
the consolidated bonds to be issued here
under that said Indebtedness shall not be
increased beyond said sum during said
period.
SEC IA. Be it further enacted, etc., That
any tax collector who shall turn over any
money or warrants by him collected, to any
person except to the State Treasurer, shall
be deemed guilty of misdemeanor, and
shall, on conviction, be subject to the penal
ties prescribed in section ten of this act, and
shall, in addition thereto, be liable IN
damages in double the amount so turned
over; and any State officer requiring or de-
manding that said taxes shall be turned
over to him, except the Treasurer of the
State, shall be liable, on conviction, to the
same penalties as are prescribed in this Sec
ton.
SEC. Is Be it further enacted, ETC., That
from and after the passage of this act I'M
til the first day of July, 1874, all valid Au-
ditors warrants issued for debts due prior to
january l, 1874, shall be received for all
back taxes, licenses and interest and penal
ties thereon due prior to said first of JAN
VI
three mills for levee construction and re-
pair fund and two mills to the interest fund
for the purpose of paying any interest in ar
rears accruing on the bonded debt of the
State prior to the passage of this act.
SEC. l6. Be it further enacted, etc., That
no court, or judge thereof, shall have power
to enjoin the payment of principal or inter
est of any bond issued under this act, or the |
collection of the special tax therefor, or to
enjoin any officer of State or parish in receiv-
ing warrants, as it prescribed in section
fifteen of this act.
SEC. II. Be it further enacted, etc., That |
all acts or parts of acts in conflict with |
this act, or any section thereof, are hereby |
declared to be repealed, and that this act |
shall take effect from and alter its passage. |
fSigned) CHARLES w. LOWELL,
Speaker of the House of Representatives.
{Signed) G. C. ANTOINE,
Governor and President of the /
Senate.
Approved January "a, 1874
(Signedl WILLIAM z. KELLOGG,
Governor of the State of Louisiana
A true copy:
p. G. DEsLoNDE.
Secretary of State.