The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-06-06
An Act

Relative to funding the floating indebted
ness OF the Parish of Ascension, and au-
thorizing the issuance of bonds for the
| same Fixing the duties Of parish officers,
and providing penalties for violation of
same.
SECTION /, Be it enacted by the Senate and
! House of Representatives of the State of
Louisiana III General Assembly convened
That the police jury of the Parish of Aseen-
| sion is hereby authorized to fund the float
| ing Indebtedness of the parish in the man
| ner hereinafter provided.
Sec; 2. Be it further enacted, etc, That in
order to carry out the provisions of the
foregoing section, it shall be the duty of the
president of tho police jury of the parish.
within sixty days after the passage of this
act, to convene the police jury, whose duty
1t shall be to call upon all parties having
| claims against the parish, by publishing a
notice in the official journal of said parish to
come forward within thirty days from the
first publication of said notice. and deposit
with the secretary of the police jury the
proof of the indebtedness of the parish to
them; and to aid them in this work they
may appoint competent expert at a salary
not to exceed five dollars per day for not
more than thirty days.
Sec. 3. Be it further enacted, ETC., That at
tAO 60 pl1ttLol vi tue QaES n0IlCe, as
mentioned in the proceeding section, it shall
be the duty OF the said police jury to meet
IN open session to iquidate and establish the
amount of the outstanding indebtedness of
said parish.
See. 4. Be it further enacted etc, That as
soon as the amount of the indebtedness of
said parish shall have been established and
iiquldated as provided for in the preceding
section, it shall be the duty of the presi,
dent OF the police jury to give notice, by an
advertisement published during thirty DAYS
IN the official journal of the parish, that he
IS prepared to issue bonds of the parish to
the amount of the Indebtedness of the par
ish as liquidated
Sec. 5. Be it further enacted, etc, That
the bonds to be issued by virtue of this act
shall be made payable in not less than one
nor more than twenty years from their date,
SAID bonds to be signed by the president of
the police jury and made payable at the
above mentioned periods, to the order of.
and endorsed by, the Treasurer of the par
Ism, bearing eight per cent. per annum in
terest
Sec. s. Be it further enacted, etc., That il
shall be the duty of the police jury of said
parish to levy and collect tax upon all tbe
property, real and personal, within the said
paish, sufficient to pay the above described
bonds as they may become due.
See Z; Be it further enacted, etc. That
~ tsI1iYYo jury VI the parish or ASCENSION
shall have power and authority to issue
bonds OF the parish to an amount sufficient
to fund tRe whole valid floating indebted |
ness OF the parish, due on or before the first |
day of January 1874 and may exchange the |
same for such evidence of indebtedness.
Said bonds shall bear eight per cent. inter |
est and shall be of such denomination and |
form AZ the police jury may prescribe, |
signed by the president of the police jury, |
signed and registered by the parish treasu-
IN the first day of January, 1874 and shall |
lave interest coupons attached, payable /
at the Office of the parish /
treasurer, ON the first day of January and |
July OF each year and such interest ceu-
IONS shall be signed or stamped by the par
sh treasurer: Prorided, that all warrants
r otheF. evidences of parish indebtedness.
pprovef IN accordance with this act, shall