The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1874-02-07

Sec. II. Be it further enacted,
.te That each provision of this
,sct sshall be, and is hereby de-
CARED to be, contract between
tha state of Louisiana and each
and every holder Of the bonds is
ened under this act.
Sec. IL Be it further enacted,
ETC., That all grants of state aid
heretofore made, whether OF bonds
Inducements, subscriptions of
stock. or otherwise, which have
become lapsed or forfeited, be and
the same are hereby repealed and
annulled, nor shall the state here
after MODIFY, novate, or extend
any contract heretofore made for
the giving of state aid in any
form or under any pretext.
Sec. Is. Be it further enacted,
etc. That the entire state debt,
nrior to the year of our Lord,
nineteen hundred and fourteen,
shall never be increased, directly
or indirectly, beyond the sum Of
fifteen millions of dollars, hereby
authorized, it being the intent and
obiec. 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
tn be issued hereunder that said
indebtedness shall not be increased
BEYOND said sum during said pc
Rod.
Sec. ID. Be it further enacted,
ETC., That any tax collector who
shall turn over any money or war
rants by him collected, to any per,
son except to the state treasurer
shall be deemed guilty ola INSIDE
meanor, and shall, on conviction,
he subject to the penalties pre-
scribed 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 demand
Ing that said taxes shall be turned
over to him, except the treasurer
Of the state, shall he liable, GU
conviction, to the SAME penalties
rs are prescribed in this section.
Sec. Is. Be it further enacted,
etc. That from and after the pas
Aage OF this act until the first day
81 July, 1874, all valid auditors
warrants issued for debts due pri
or to january l, 1874, shall be re
ceiyetl for all back taxes, licenses
and interest and penalties thereon,
dne prior to said first of January.
1874, except two mills for school
fund, three mills for levee construc
ton and repair fund and two mills
to the interest fund for the pnr
pose Of paying any interest in ar
nars accrning on the bonded debt
Of the state prior to the passage
III this act.
Sec. 16. Be it further enacted
etc., That no court. or Judge there
Of, shall have power to eUoin thu
payment Of principal or interes
Of any bond issued under this act
Or the collection of the special tai
therefor, OF to eWoin any office
Of the state or parish 10 receiving
warrants, as prescribed in section
fifteen of this act.
Sec. II. Be it further enacted
ETC., That all acts or parts of acts
n conflict with this act, or an,
section thereof.are hereby declared
to be repealed, and that this ac
shall take effect from and after ii.
passage.
(Signcd) c. W. POWELL,
Speaker of the House of Repre-
sentatives.
(Signed) G. G. ANTOINE,
Lieutenant Governor and Presi
dent of the Senate.
Approved January "a, 1874.
(Signed) w. 2. KELLOGG,
Governor OF the State OF Louisi
Il ana.
A true copy:
FIG. DESLONDE.