New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1874-02-12
VOLUME Vino. 262
THE aEGIsLATURE YESTERDAY.

&enates
On motion Of Mr.. Bovee. the vote BY
which House bill No. 4S. an act for the re
lief w. b, Phillips. was laid on Che table
vas reconsidered. The bill was then re
committed to the Committee on Claims.
Mr. Ingraham introduced q bill author
izing the appointment Of an inspector ol
illuminating gas meters and for the protec
ton of gas consumers in the city of New
Orleans and town Of Carrollton. The bill
was read twice and referred to an appro
pirate committee.
The same gentleman introduced join,
resolution authorizing the appointment of a
committee. 70 be composed of five members
OF the Senate and tive in the House OF Rep
resentatives. to inquire into the cause OF
the decline in the growth and production OF
sugar in Louisiana. etc. The resolution
was read twice and referred to the Com
mittee on Agriculture.
Mr.. Wharton introduced the following
bill:
An act supplemental Go act No. 3, approved
January "a. 1874, and to provide for test
ing. at the instance OF any taxpayer, in
the courts Of the State. the legality and
validity of any items Of State Indebted
ness. tho legality and validity Of which
may have been or may hereafter be Iues'
toned: to prohibit ths board of liquida.
!ion under said act No. 3. of 1874, from
funding the questionable and doubtful!
obligations Of the State named or desig.
mated in this act, until the same shall
have been finally declared legal and valid
by the Supreme Court Of the State OF
Louisiana, and to provide the necessary
means for carrying the provisions OF this
act into effect.
SEcTfoN I. Be il enacted by the Senate
and House Of Representatives in General
Assembly convened. That the board OF
liquidation cOnstitu ed by the second sec.
tiOn of act No. 3, approved January u, 1874,
entitled ian act TO provide for funding obi
cations of the State by exchange for bonds, y
etc, are hereby prohibited from issuing any
bonds in exchange for any outstanding
bonds Of the State, or warrants drawn pre-
vious to the passage of said act by the 30
spectivs Auditors of Public Accounts Of the
State on the treasury thereof, forming items
of State indebtedness, the legality or valid.
ity of which may have been or may here.
after be questioned, until said bonds or war.
rants shall first by final decree of the Su.
preme Court of the State Of Louisiana have
been declared legal and valid obligations
against the State of Louisiana, and that the
same were issued in strict conformity 70
law. and not in violation OF the constitution
OF this State. or Of the United States. and
for valid consideration. That any person
assessed fOy State taxes is hereby autho :.
lied in his own name 70 institute suit, or to
intervene in any suit which may now or
hereafter be instituted in q court Of compe.
tent Jurisdiction in the parish of Orleans,
against said board OF liquidation. to test
the legality and validity Of any issue Of
bonds OF the State, or warrants drawn pre-
vious to the passage OF said act No. 3 by
the Auditor of Public Accounts on the State
treasury, the legality and validity of which
may have been, or may hereafter be ques.
toned, and to inquire into the consideration
for which said bonds or warrants may have
been issued, and in his Own name to prose-
cute such suit or cults to final termina-
ton, and until the legality and validity Of
each and every issue Of bonds or warrants,
as aforesaid, shall have been finally passed
upon and determined by the Supreme Court
of the State of Louisiana; and that, in order
to facilitate and bring TO a speedy determi.
nation all matters in controversy. as pro.
yided for in this act, every suit hereby in.
stituted shall have precedence. in all courts,
over dI OuUeT cdscbs duu W uo nAtu ny Suu
ton OF either party: the day OF trial to be
named in the notion: and all other cases
fixed for the day named in the motion fix.
ing such cases for trial to give way thereto;
that all costs incurred in any suits under
this act. 60 the extent Of one suit carried to
final issue. as to each separate issue of
bonds OT warrants, the legality, validity or
consideration of which are questioned, 1t the
court shall SO determine, shall be borne by
the State of Louisiana, and which costs, on
approval CT the court, shall be warranted
for by the Auditor of Public Accounts on
the State Treasurer, to be paid out Of any
funds in the treasury not otherwise apprO.
priated; provided, that any holder or hold
ers of bonds or warrants whose legality.
validity or consideration is questioned in
any suit or suits brought under the pro-
visions Of this act. may intervene in said
suit or suits. and that the costs of such in
terrentiDns shall abide the result Of the
suits in which such interventiOns shall be
filed.
SEC. .. Be it further enacted, etc. That
the following issue of bonds and warrants
40 far as the same may be now outstanding,
are declared questioned and doubtful as to
their legality and validity, and said board
of liquidation are hereby prohibited from
issuing bonds authorized by section one of
act No. 3 of 1874, in exchange therefor. until
the legality. validity and consideration Of
the same shall have been tested under the
provisions Of this act and final decree
re rendered as to their legality, validity and
to wit:
/. The following bonds, considered ana
held as belonging to the redemption of the
State deb. funds and the free school funds,
being bonds of the State of the various is
sues which had been redeemed or never
issued, and which have been reported by
the Auditor of Public Accounts as missing.
or which were sold under act No. 81. ap-
proved May %. 1872, and issued or ye!ssued.
namely:
Of the New Orleans and Nashville Rail-
road Company. ny...................... $4,000
of the Mexican Gulf Railroad Company 5000
Of the New orleans, Jackson and Great
Northern Railroad Company...... 10000
OF the New Orleans OpelOusas and
Great Western Railroad Company. $4,000
Of the vicksburg Shreveport and Texas
Railroad Cdmpany. .....".......... SO.0V0
Of the Baton Rouge, Crosse Tete and
Opelousas Railroad COMPANY. 10000
Df the bonds for the relief of the State
tund.. - ........................ 49, $4,000
Total. l.oas, 500
-Bonds under act No. 35 approved De
building levees ..................... w slooc.coo
March Is, 1867. for expenses Of
bui ding levees. 100000
Bonds under act No. 81 approved Feb
ruary 25, 1870, for work done or to
be done on the levees. $50 .o0e
The bonds of the New orleans, Mo.
bile and Texas Raj road Company.
issued under act No. 26, approved
FEBRUARY H. 1863. s............... 10000
The bonds issued to the New Orleans.
Mobile and Texas Railroad Com.
pany, under act No. 95. approved
April %, 1871. ........................ 2,SC.o0
- Bonds issued TO tn North Louisiana
and Texas Railroad Company un.
der act No. 81, approved April 10.
1870 ana act No. 1903, of 1863. li2s.NC |
{soued IN tho Mjesisslnni and