The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1874-04-04
No. ~.
An Act

| <A-Ak
To authorize the police jury of the parish Of
Plaquemines to issue bonds and to provide
for the redemption thereof.
SECTION l. Be it enacted BY the Senate
and House of Representatives of the State
of Louisiana in General Assembly convened,
That the president of the police jury of the
parish of Plaquemines, II. p. Kernoehan,
| H. Mahoney, DR.. Joseph b. Wilkinson and
| o. b. Sarpy, residents of said parish. or a
majority of them. are hereby appointed COM
| missioners, with the view of ascertaining
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 payment of said
debt, the police jury of said parish be and
they are hereby authorized to issue the
bonds of said parish, duly signed by 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 rate of eight per CEN
tum per annum, the interest payable an
nually. 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 obligations of said
parish; provided that the ordinance of said
police jury making provisions for the issue
of bonds under this act shall not have the
effect of law unless it shall receive the unan-
inlous vote of every member of said police
jury; and provided further, that said bonds,
when issued shall be countersigned by each
and every member of said police jury, which
shall be evidence of the fact that the issuing
of said bonds is unanimously approved by
them.
Sec. 2. Be it further enacted, ETC., That
it shall be the duty of the parish treasurer
of said parish to keep record of said bonds
in book, to be kept by him for that purpose.
in which he shall enter the number 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 registry.
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 required
within thirty days after the assessment rolls
of said parish shall have been completed,
to determine by ordinance, what rate of tax
alton on all total assessed value of all the
movable and immovable property that NAV
be annually assessed in said parish; and it
shall be the duty of said police jury to en-
force the collection of said tax i'll the same
manner as the law now provides, or NAV
hereafter provide for the collection of ali
Sec. 4. Be it further enacted etc., That
said tax shall be deposited with the parish
treasurer, and shall be by him kept as q
special fund and set apart and applied ex-
clusively TO the payment of said bonds and
the interest accruing thereon; and for any
of said tax by said parish
treasurer for any otht purpose, he shall be
prosecuted for embezzlement, and liable to
the punishishment of said crime.
Sec. 5. Be it further enacted, ETC., That
all expenses Incurred in carrying out the
provisions of this act shall be paid by the
parish.
Sec. 6. Be it further enacted, ETC., That
this act shall take effect from and after its
passage.
tSignedl CHARLES w. LOWELL.
Speaker of the House of Representatives,
(Signedj G. G. ANTOINE,
Lieutenant Governor and President of the
Senate.
Approved February 25, 1874.
lSignedl WILLIAM P. KELLOGG,
Governor of the State of Louisiana.
A true copy:
p. Ct. DRsLoNDE,
Secretary of the State.