New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-02-26
NO..
AN ACT

- authorize the pol ice jury OF the parish
of Plaquemipes to issue bonds and to pro-
vide for the redemption thereof.
SECTION l. Be it enacted by the Senate
and House of Representatives of the State
of Louisiana in General Assembly con-
rened, That the president of the police jury
of the parish of Plaquemines, IL. +. kerno-
chan, II. Mahoney, DR.. Joseph b. Wiikin-
son and o. b. Sarpy, residents Of said par
pointed commissioners, with the view of
escertaining and determining the amount Of
the debts due by said parish, and to report
to the police jury. and for the purpose OF
enabling the police jury to meet the pay.
ment of said debt. the police jury of said
parish be and they are hereby authorized to
issue the bonds Of said parish, duly signed
ey the president and clerk of said police
Jury, and sealed with the seal Of the district
court of said parish, to the amount OF said
debt as reported by said commissioners,
payable to bearer, in ten years from their
date, and bearing interest at the fate OF
eight per centum per annum, the interest
psyable annually. Said bonds shall be in
amounts of not less than fifty dollars, nor
more than one hundred dollars, and may
be exchanged for any OF the debts and obi
gstions of said parish; provided that the or
slnance of said police jury making Provis-
ion for the issue of bonds under this act
shall not have the effect of law unless 1T
ehall receive the unanimous vote OF every
member of said police jury; and provided
further. that said bonds, when issued shall
be countersigned by each and every mem
Der of said police jury, which shall be evil
s1ence of the fact that the issuing OF said
bonds is unanimously approved by them.
SEC. 9. BE it further enacted. etc. That
ie shall be the duty Of the parish treasurer
of said parish to keep a record OF said
bonds in book, to DO kept by him for that
purpose, in which he shall enter the mum.
Der of the amount thereof, and in favor of
whom it has issued, and he shall indorse on
the back of each bond the date Of such
gegistry.
SEC. 3. BE it further enacted, etc, That
in order to provide fund for the payment
of the annual installment of one-tenth of
the principal of said bonds, and the annual
interest as it becomes due, the police jury of
said parish is hereby authorized and re-
Huired, within thirty days after the assess
completed, to determine. by ordinance,
what rate of taxation on all the total as
eessed value of all the movable and immov-
able property that may be annually assessed
in said parish; and it shall be the duty Of
said police Jury to enforce the collection of
said tax in the same manner as the law now
provides, or may hereafter provide for the
collection of all other parish taxes.
Sec 4. Be it further enacted, etc.. mat
said tax shall be deposited with the parish
treasurer, and shall be by him Kept as
special fund and set apart and applied ex,
cIusively to the payment of said bonds and
the interest accruing thereon; and for any
misappEcstion of said tax by said parish
treasurer for any other purpose, he shall be
prosecuted for embezzlement, and liable to
The punishment of said crime.
SEC. S. Be it further enacted, etc.. That
all expenses incurred in carrying out the
provisions Of this aot shall be paid BY the
parish.
Ssc. s. 30 It further epaeted. ETC., That