The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1876-03-08
No. :
An Act

uuuiCipdi dutltIlIicS VI lbSoi poi".S
cities and towns, the city of New o.
leans excepted, to submit ordinance
to the popular vote of said Parishes
! with reference to subscriptions t
the stock of the New Orleans Pacifi
Railway Company, and in the even
of favorable vote to require sai
Police Jnries to subscribe to til
stock of said company, to Issue bond
therefor, and to levy a tax to NEE
the principal and interest Of sal
bonds; to provide penalties agains
a diversion of said tax, and remedje
in favor of the holders of said bonds
and to declare the use to be made G
moneys to be paid to said railroad
to provide remedy by mandarin
and for damages, to force a compli
ance with this act; to provide pre-
ference for certain appeals; to i'm
pose special duties on State officer
of election in said Parishes, and OF
parochial officers, and to provide TO
the collection OF the taxes provide,
for in this act, and to repeal con
flicting laws.
WHEREAS, The New Orleans Pacifi
Railway Company has been duly or
ganized by an act passed before j. G
Eustis, Notary, on the twenty -nintl
day Of June, 1875, under the provi
sions of the Revised Statutes of thu
State of Louisiana, and has commenced
the work of constructing a railway
intended to connect the city Of New
Orleans with the State of Texas, aud i
is matter Of public Importance tina
the completion of said railway should
DC expedited in every lawful manner
therefore,
SECTION |. Be it enacted by the Sen.
ate and House of Representatives Of
the State of Louisiana in General AS.
sembly convened, That upon the writ.
ten demand of the board of directors OF
the New Orleans Pacific Railway Com.
pany the police jury of any parish on
the line of said railway or it's branches,
or municipal authorities of said cities
and towns, and upon the written petit
ton CT one hundred iree!ol,leys OF said
parish, shall submit to II vote Of the
qualified electors Of said parish, the
question whether or not the SAID parish,
or municipal authorities of said cities
and towns shall subscribe for capital
stock OF said company not exceeding
three hundred thousand dollars for any
PARISH; such election shall be held af-
ter an advertised notice of ten DAYS.
by written orprintad ballots "For The
INSCRIPTION of the stock Of the New
Orleans Pacific Railway Company, un-
der act No - of 1861 or against the
subscription to the stock of the New
Orleans Pacific Railway Company, un-
ler act No. - Of lS7G'-the number
which this act shall bear being inserted.
It shall be tho duty of all State officers
If election iii said parish, and of all
,arochial officers, so tar as they can, to
aciltate the candnct of such election,
o loan said police jury all necessary
ballot boxes and other parapllernalia,
Is we'll as all necessary records of reg
aud election, and to furnish
ucll stationery and blanks on baud,
belonging to the public, as may be use
III III such election. Absolutely ieces-
airy expenses of said election shall DO
betrayed by the company. The elrc-
ION shall be conducted by commission
rs appointed by the police july, aud
he vote shall be canrassesl III public,
nj the lcsalt announced as soon rs
nay he after the polls are closed. Ii a
be found in favor of the sub.
cri;ti"n, the ro'icc.i jury shall at once
'''scrihc for said stock. To provide !
lnds for the ra,M of such sub-
the police jury Shall issue
"nds ot the parish, having twenty
ears to run, and beaIing interest a.
ne rate of seven per cent per anuuu,,
ayable annually, with interest con- |
ons attached; said bonds shall he
gned by the president of the police
Try, aud countersigntd and registered
Y the parisl, treasurer. 70 pay the
rncipal and interest ot said bonds,
lie police jury shall levy Il tax sufficient
provide each year sum large
longl to pay the interest and one
ventleth the principal OF said bonds,
1d all amounts collected not necessary
pay the interest shall be used in the
nrcliase frum the lowest bidder, of
,tstanding bonds, which, as soon as
lrchased shall be Cancelled; the pro-
eds of such tax shall be kept a sepa-
tie trust fund in the parish treasury,
r the payment of interest and princi-
Il of said bonds, aud shall not be di-
'rted for any other purpose and any
'icer divertjng the same, shall be
Ilty OF misdemeanOr, and on con-
elton shall he fined not exceeding
n thousand dollars, and imprison-
eqt at hard labor not exceeding ten
ars. The railroad company may
mpel the police juries to submit to
tie of the qualified voters of said par
!. the question whether or not, the !
Id parish shall subscribe to the CAPT.
stock Of said company by manda-
rs, and it shall also be entitled to the {
me remedy to enforce the estimation,
W and collection Of said tax, and the
yment of said interest and principal, {
q in like manner, the police jury
all he entitled to the same remedies i;
compel the company to issue it's
'ck as herein before provided for in t
IS act. The provisions of this act are c
clared to be contract between any ,
rlsh which may issue its bonds under d
is act, and any holder of said bonds i
'ich neither the said parish nor the +
'te shall in anywise infringe or
pair.
SEC. 2. Be it further enacted, ETC., t
|at upon the issue and delivery of +
d bonds by the police jury to said
ppany, the company shall thereafter c
ne and deliver yearly to the police /
y of said parish, certificate of full n
id stock of said company for amount
aal to the sum of the principal of {
said bonds, in such year paid or re-
4 t. 4