New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-03-01
Mr.. Wands, of Tangipahoa, moved to
take up Senate bills on their first reading. =

Mr.. Wands, of Tangipahoa, moved to
take up Senate bills on their first reading.
Carried.
| SENATE BILLS ON FIRST READING.
Senate bill No. 343, entitled an act reduc-
ing the limits or aggregate of taxation for
the city of New Orleans to one per cent. ex.
cepting for the support of public schools.
Passed first and second readings under
suspension of the constitutional rules, and
referred to the Committee on Ways anc
Means
Senate bill No. PAL, entitled an act to
amend and re-enact the thirtieth section of
an act entitled an act to incorporate the
Citizens Bank of Louisiana, approved
April l, 1888; to extend the charter Of said
| bank, and to authorize the extension of tbs
bonds and interest warrants falling due
after the passage Of this act.
Read the first time.
! Mr.. Paris, of Orleans moved to refer the
bill to the Committee on Banks and Bank.
| ing.
| Mr.. Simms. of st. Landry, moved to lay
| that motion on the table, on which the yeas
and nays were demanded by Messrs. Lewis,
of Ascension and Simms, of st. Landry, re-
| sulting as follows:
Yeas-Baker, Boyd, Blackstone, Barrow,
Bickham, Carey, Cockerham Connau ohton
Cousin, d. G. Davis, Decker, Dejoie, Desar-
zant, Estilette, Forstall, Greene, Guichard,
| Harris, Hetfner, Humble, Hubeau, P. Jones,
Heating, Kirkman; Kenyon, d; King, Lewis,
Landry. Lawes. MOreland, Mayo, Marie,
Montaldo, Nichols, Norris, Price, Peyton,
Page. Provost, Raby, Rodrigues, Souer Saw
| yer, Stewart, Simms, Smith, Smart, South
| ard Thomas, Thompson, Williams, d. Will
son. Worthy, Wands-54.
Nays-Alain, Bryant, Benham. Demas,
r. Il. Davis, Devezin, Dumont. Devices,
Elliot. Gair, Hahn. V. o. King, Little, Mar
vim, Mahoney, Martinez. Montaldo. Paris,
Sartain. Sutton, Sewel, Trahan, Turesud.
j. P. Wilson, Ward-25.
And the motion to lay on the table pre-
vailed.
On motion of Mr.. Barrow, of Orleans, the
bill was ordered printed in the journal, and
made the special order for Monday, i1nrne-
diately after reading the journal.
The bill reads as follows:
An act to amend and re enact section thirty
OF an act entitled an act to incorporate
the Citizens Bank of Louisiana, approved
April |, 1888, to extend the charter OF said
bank. and to authorize the extension of
the State bonds and interest warrants
falling due after the passage of this act.
WHEREAS, By reason of the great loss
suffered by the agricultural interest of the
| State in consequence of the late war, it
would be ruinous for the stockholders to
pay within the next thirteen years. before
| the limitation of the charter of the Citizens
Bank OF Louisiana, the amount of arreared
| installments and interest due by them, as
| well as the balance of their indebtedness:
| and whereas the sacrifice of the lands mort
gagged for the payment of the State bonds
| issued in favor OF the bank would endanger
| the security of the State; and whereas it is
| the interest OF the State that prolongation
| of the charter of the Citizens Bank of
| Louisiana be allowed, SO as to enable said
| institution TO collect the debts due by the
| stockholders and thereby facilitate the paw
| ment of the State bonds;
| SECTION |. Be it enacted by the Senate
| and House OF Representatives of the State
| of Louisiana in General Asse mbly convened
| That the provisions of the thirtieth section
| of the act entitled an act to incorporate
| the Citizens Bank of Louisiana, approved
April |, 1888, which reads as follows: "And
| the charter shall continue for and during
| the space of tifty-one years. from the pas
| sage thereof, be amended and re-enacted as
| follows: That the charter of the Citizens
| Bank of Louisiana shall continue for and
| during the space of twenty five years from
| and after the time fixed for its liquidation
! by the said charter, and shall expire on the
| thrtieth OF January, 1911
SEC. ,. Be il further enacted, otc, That
| the Citizens Bank of louisiana through its
| board OF directors be and is hereby author
| lied to extend, with the consent Of the hold
ers thereof, all the State bonds issued in its
favor under the second section of the act
entitled an act amendatory and supple
| mentary TO the several acts relative to the
act to incorporate the Citizens Bank OF
Louisiana, approved January 30, 1886, now
| outstanding, as we'll as all interest warrants
issued by said bank, falling due from and
alter the passage of this act, to such time
and on such conditions as may be agreed
upon with the holders of said bonds and in
terest warrants, provided said extension be
not made for longer period than twenty
i've years from their respective maturites,
| and at no higher rate Of interest than the
said bonds now bear.
SEC. J. Be 1t further enacted, etc, That
Che present act shall be in force from and
after its passage, any law TO the contrary
notwithstanding.
Under suspension ss Che s-oes, Mr. Gaifs
o: Eas: Feliciana. called up House bill No
III. "nt!tie! al act to enable the various
parishes Of The State to fund their outstsnde
ing indebtedness. providing for the levy OF
= parish deb: tax, and limiting parish tax
alton. returned from the Senate with the
following amendments:
IN section four; strike out all after the
word 'taxation,' Ii line seven, to the end
Of The section.
SEC. >. Be it further enacted etc, That
hereafter the current expenses of each wear
for pariah purposes shall be paid ont of the
revenue derived from taxation levied and
collected in and for such years and from
other sources; provided that it shall be a
| msdemeanor in office, punishable by fine
or Imprisonment, or both, at the discretion
OF the court, for any parish officer 70 issue
warrant upon the parish treasurer unless
there IS money in the treasury to pay the
same.
Section Eve IN the bill to be section six:
section So. II. the bill to be section seven.
Which were soncurred in, and notice os
s.l1ac ordered sent to the Senate
SeHace bill No. 2l7, entitled an act 10 con-
solidste and incorporate the towns of Locke
port and !4ongville, situated in the parish
OF L2tourche, under one title, to fix the
bHundaris. OK said town, and to provide for
the administration Of the affairs thereof.
on melton Of Mr., Murrell, Of Lafourche
further consideration was postponed and
made specia. order for next Tuesday at one
o'ciocI..
Senate biz so. 3G3, entitled an act to au-
.ho.ize :lo district judges throughout the
State TO order, either before or after arrest,