New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-03-28
No. ~.
AN ACT
W. D6SLONDk,
Secretary Of State.

| Creating board of commissioners to ex
| Anime and ascertain the valid outstand
| ing Indebtedness Of the parish of Terre
| bonnie, and authorizing the police Jury 0
| sad parish to issue bonds to take up anC
fund the same.
| SECTION l. BE it enacted by the Senat,
and House of Representatives of the Stat,
| OF Louisiana in General Assembly con
| vened, That Henry C. Minor, P E. BRYANT
Frederick Marie, Thomas A. Cage. j. L
Belden, all OF the parish of Terre6onne, be
and are hereby declared and constituted q
board OF commissioners with full power tc
examine and determine upon the validity
| OF any and all outstanding claims, obliga
tons, or any kind or character of indebted
ness against the parish of Terrebonne, and
to call upon all holders of said claims or in.
debtedness to present them for inspection
within time to be determined by said
board of commissioners.
SEC. ,. Be it further enacted, etc., That
the police jury of said parish, in conjunction
with at least one member of said board of
commissioners. to be elected by said board.
be and is hereby authorized and uncovered
to issue the bonds of said parish, not to ex-
coed twenty thousand dollars, PAYABLE to
bearer, and bearing eight per cent interest
SAID interest to be paid semi-annually. for
the sole purpose of taking up said indebt-
edness after inspection and approval by
said board of commissioners.
SEC. ). Be it further enacted, ETC.. That
the bonds issued under the provisions of
this act shall be signed by at least a major.
ity OF the members of the police Jury of
said parish and one member of said board
OF commissioners, to be elected by SAID
board as is provided in section two of this
act, and shall be in denominations of twenty
five, fifty and one hundred dollars.
SEC. 4. Be it further enacted, etc, That
the police jury of said parish shall lew
tax sufficiently large to pay and redeem an
nually one-tenth of the bonds issued by
virtue OF this act, and the interest accru-
ing yearly on all of the bonds issued under
the provisions of this act, said interest to
be paid semi-annually and be represented
by coupons attached to said bonds
SEC. ). Be it further enacted, etc.. That
the ordinance Of or resolution Of the police
jury OF said parish levying tax and pro-
viding for the annual payment Of one-tenth
annually OF the amount Of bonds issued
under this act, and the interest, as provided
in section tour of this act, shall remain IN
full force until the final redemption of the
and interest of all the bonds is
sued under the provisions of this act
SEC. 9. Be it further enacted, ETC., That
all the costs and expenses incurred in the
issuance OF said bonds shall be paid by the |
police jury Of said parish.
SEC I. Be it further enacted, etc, That !
the clerk Of the police jury of said parish |
shall keep a well bound book, in which he |
shall register the number, date and amount |
If each bond issued under the provisions Of |
his act. and to whom issued.
SEC. s. Be it further enacted, etc, That |
he bonds issued under the provisions of |
his act shall be receivable for parish taxes |
md licenses OF the parish of Terrebonne
SEC. .. Be it further enacted, ETC., That
ii bonds paid and redeemed by the parish
rea surer or received by him from the tax
oliector, in settlement of taxes or licenses.
hall be Immediately Cancelled by him, the
reasurer, and the president of the police
Try. with red ink.
SEC. III. BE 1t further enacted. ETC., That
his act shall not be so construed as to de-
rive courts OF competent jurisdiction from
dIudlcatlng upon any claim which may be I
elected by the board OF commissioners |
reated by this act.
SEC. IL. Be it further enacted, ETC., That
lis act shall take effect from and after it's
assage, and all laws or parts of laws in
)ntilct or inconsistent with this act shall |
Q and are hereby repealed.
(Signed) CHARLES w. LOWELL.
Speaker of the House OF Representatives.
(Signed) c. c. ANTOINE,
lieutenant Governor and President of the
Senate.
Approved March %, 1874.
tSigned) WILLIAM P. KELLOGG,
Governor OF the State OF Louisiana.
A true copy:
P. G. DEsLONDE,
Secretary of State.