The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-03-09
THE LEVEE COMPANY'S ACT,

Considerable curiosity having been evince,
the Levoe Company 10 fund its claims at par
we subjoin the entire act.
The parties in interest in the Levee Com
pany claim that they are out of pocket more
than half million Of dollars, which they in
dividually advanced, and desired to get thei,
money back.
If this be true, and we do not question the
assertion, then the company has simply made
mistake in attempting to have its claim
against the State funded.
The contract Gf it be contracD entered
into by the company with the State is very
explicit, and provides the method whereby
the company shall be paid, and though that
method may be tedious. it must, we think, be
adhered to. Certainly its claims cannot be
funded as provided for in the following act :
An Act
Prescribing the manner of ascertaipinp tho
amount due the Louisiana Levee Company
from the State, on the LIST dav Of October
1873, and to provide for funding the said
debt:
SECTION l. Be It enacted by the Senate and
House Of Representatives, IN General lsse1nJly
conrened, That the standing Committees en
Lands and Leyees of the Senate and House
of Representatives are hereby constituted
Joint Committee for the purposes of this act,
and are hereby directed and required, within
ten days from the passage thereof, to
ascertain the entire amount due the
Louisiana Levee Company from the State of
Louisiana for work cone up to the rst day |
of October, 1873, after deducting all payment |
made by the State on account of said work |
up to that date, and the sid Joint committee |
shall, within the said ten days, make de-
tailed reports IN duplicate, one to tine Gov
7rnor OF the State and one to the President of |
said company, said reports to be accompa-
lled by their certificates, stating the exact |
amount due the said Leyee Company from
he State on the first day of October 1873.
The said joint committee shall continue and
oe authorized to remain in session for suiii-
lent time after the adjournment of the Gen
'ral Assembly to enable it to make the ex-
and report herein required.
Sec. Z. BE it further enacted, etc., That
hould the Joint COMMITTEES, as constituted by
he preceding section of this act, fail to per
orm the duties imposed upon it by this act.
within the time prescribed therein, the said
uiies shall be performed immediately there
tter 10y the com mission of persons appointed
uhtI dCI NO - u Tue session OF 1911, ratI- |
wing and confirming contract between the
tate and the Louisiana Levee Company, ap-
royed February q, 1871. And the reports
nd certificates made by said commission of
ersons shall have the same force and fleet
5 though made by the joint committee herein
rovided for.
See. 3. Be ii .fjather enacted, etc., That it
lall be the duty Of the Board of Liquidation. 5
,eated by act No. , of the session OF 1874. ap- ,
royed January 2i, 1874, upon the presenta- |
on to them of report and certificate made
prescribed in the preceding sections of this |
It, and Of a demand made in person or in !
rlting by the President of the Louisiana
eyee Company, TO issue and d liver suffi i
ut number Of the consolidated bonds of the
tate of Louisiana, of the denominations and a
e crption prescribed in the act creating
I'd Board of Liquidation, to cover the in l
Of the State 10 said com |
my, as aScertained in the manner {
ereln described; pouided, however, that L
le LOUISIANA Levee Company Shall upon re-
living SAID bonds file with the Secretary of
late resolution of its board of directors ."
,cepting said bonds releasing the State from /
y further obligation or Indebtedness ID T.
e first day Of October. 1873; and prorneI
rher, that al back taxes for the leyee con
ructlon aud repair funds due AID payable i