The New Orleans bulletin., 1875-12-23
FUNDING BOARD.

The regular meeting of the Funding Boare
was held Wednesday, the Governor presiding
and all the members except Speaker Estllettt
present.
The following report on the
WEED WARRANTS
was received and adopted:
New ORLEANS, Dec. 81, 1875.
To Gov Vim. P. Kellogg, President Board OF
Liquidation:
Sir-The committee appointed to examine
into and report upon the validity OF the issue
of warrants known as Weed warrants, would
respectfully represent that the sum total OF
warrants issued by Auditor Graham, under
the provisions Of sections 10 and IA, OF act ~
and 100 of 1870 (Registration and Election
law, and without specific appropriations was
S222, 1872 81, of which sum about Sl46,OOO
was issued to w. A. Weed Co.
In December, 1872, the Attorney, through
counsel, prayed for and obtained an lnJunc-
ton against that portion OF the warrants
which were issued to w. A. Weed & Co., on
the ground that were unconstitutional, illegal
mil and void. and had been issued without
LEGAL consideration, and as not binding on the
Slate Said Injunction was made perpetual.
fSee Docket Superior District Court, State OF
Louisiana Vs. Charles Clinton and Antoine
Dubuclet, No. 369.
Our examination of the vouchers on which
these warrants were issued convinces US that
had the appropriation been made that nlne-
tenths of the warrants IN amount would nave
been fraudulent for want Of value received.
We world. therefore respectfully recon- |
mend that these warrants be rejected by this |
b Jard as fraudulent.
We are respectfully, etc,
A. BALDWIN, Chairman.
A. DUBUCLET.
The statement by majority OF committee /
that netenths would have been fraudulent
for want of value received. should read about
seyen-tenths, and the word " fraudulent at
fbe end Of the report, should be "unauthor
lied" With these exceptions approve re-
port Of majority of committee
CHARLES CLINTON.
Bonds and warrants TO the amounts specl-
fed were funded for the following named par
ties:
CHAs. f. HOFFMAN.
Warrants. ...................-.. s'9o
LEVY AND BORG.
IN O.. o. and G. w. X. r. with coupons 4,O4O
EDw. j. FoRSTALLS SONS. |
OF Teyee per cent with coupons ........ l3,o6O
Levee per cent with coupons ,........ 4,O4o
$4,000
j. @. NOISE. .ooo |
"A State notes es....................... sZoo
The following was read and received:
STATE OF LOUISIANA, TIEAsUREE's OFFICE
New Orleans, La, Dec. 16, 1875.
To His Excellency W. p. Kellogg, Governor Of
Louisiana and President Board OF Liquidation:
,Str-The receipts into the State Treasury
from the interest tax on the assessment rolls
for the year 1873 and previous years for the
of matured coupons detached from
the old State bonds of the State being insult
fcient to meet the payment of warrants drawn
against the same and knowing that there are
yet great deal OF said coupons outstanding
which will undoubtedly be presented to the
Auditor to be audited for, and being satisfied
that the revenue for their payment is SO
small and their collection so slow that event
ualIy there must elapse many years to come
,re their payment can be obtained or effected;
therefore l would respectfully ask that you,
Is President of the Funding Board, suggest
% the members thereof the propriety OF pass
ng a resolution to the effect that said board
will fund all past due coupons the same as
my other obligations of the State as men !
ioned in Act No. 3, of 1874.
/ remain, respectfully,
A. DUBUCLET Treasurer.
On motion, the board adjourned until the
rst Wednesday in January.