New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-02-24

who shall not be member of ss;s cietay
and shall make and order the ns. ooeld
ton, in such manner a. the maior;tw %elp
board may direct, of rules for the t'' sad
ton and dispatch of business, ~snse
| SEC. 3. Be it further enacted. eto
said board of commissioners are hs.s,,t that
thorized and directed to transfs, ~
board of control of the Louisiana tha
tural and Mechanical College. "a no.seal
llsned and located in the parish of 81 p. 10
nard, the library, cabinet, museums and =.
other educational apparatus now in M. ~
and by the Louisiana State Universe
abolished bv this act
SEC. a. Be it further enacted. a.. ~
the said board of commlssloners ~
under such rules and regulations "a m my
determined upon by q majority thss.a
| audit all debts of or claims a1a;rs etea
Louisiana State University or thu hos.ssaa
supervisors thereof, and should aIiaua
reasonable time, not less than ona
from and after the passage of this o. ~
the presentation of the same. and s
make such regulations respecting RI. 'uaa
ment of the same not inconsistent VII
letting laws or this act as NAV aesr. u
pedient in the premises. u
SEC. s. Be it further enacted etc H..
said board OF commissioners shall, unS.s
such regulations, in such manner .s
maj 9rity thereof may determine, pro...s
with as little delay as may be consistso.
with the interest," of the creditora ~ se.i
University. to dispose of, sell or transf.s saS
and singular. the effects and prons,tr ~
said University, both real and persona ~ "
proceeds of which shall be paid to the t,. ss
urer Of said board Of commissioners in 49, 49,
and shall constitute fund primarily fo..s
payment of all the debts of said Cnivor.;s.uNe
or pro rata thereupon so far az said fn:l
may extend, and secOndarily for the hanacx.
of the Louisiana Agricultural and Msch .u'
ical College aforesaid. From said funS ah.r
first be paid, and in the order in which b1 ~
same were audited for payment. ali va IIS
debts of said Louisiana State Univa,s;.%a
heretofore existing, and after ~
said debts have been fully n.a
if any surplus shall remain. ~
surplus shall be transferred to the Ior;s
lana Agricultural and Mechanical Collsos
aforesaid, and the treasurer Of the board ~
control thereof shall receive and receint ~
as herein provided, shall be held bv al
Agricultural and Mechanical Colleoa ..S
used in perpetuity upon the same terms and
conditions under which said college hold.
and uses the fund derived from the aaIs ~
land and land scrip granted by the UnitsS
States. Said board Of commissioners sh.II
at the next session OF the General Assem-
bly,, and at each regular session tbarsof
thereafter, report thereto each and
every act by them done under or hv
virtue Of this act, and not later in eacI
session than the fourth Monday thers
Of and shall, IN addition make sueh
and ask for such lepial,
ton as in their judgment the due execution
OF their trust may require; and at the Az.
sion of the General Assembly next sucoead.
ing the complete execution of the trust and
duties imposed upon them by this act, shall
report the same and ask to be DISCHARGED
from the same; whereupon if after due con-
eideration of the doings of said board Of
commissioners they shall appear to hsye
duly executed the trust and duties imposed
upon them by this act, for the best interest
of the State and Of the creditors of said Uni.
versity, the General Assembly shall grant
such discharge and to the non official mem.
bers and to the secretary of said board such
compensation for their services az NAV an
pear reasonable.
SEC. 6. Be it further enacted, etc That
all laws and parts of laws inconsistent
herewith are hereby repealed. and that this
act shall take effect and be in force from
and after its passage.
Senator White introduced joint resolu
ton No. II, entitled Joint resolution sub
hitting an amendment creating a special
court of appeal.
The constitutional rules being suspended
by four-ffths affirmative vote of the Sen
ate. the joint resolution was placed on in
second reading and referred to the Com.
mittee on Judiciary.
By Senator Ola:
Senate bill No. ISL, entitled an act for the
relief of j. E. Burton. supervisor Of regis
tratlon Tor the parish of Carroll. and for
The relief of his clerks, w. J. Cooke and n
E. Larche.
The constitutional rules being suspended
oy four-tifths affirmative vote of the Sen
ate, the bill was placed on its second read.
ng. and referred to the Committee on
Claims.
By Senator White:
Senate bill No. ls2, entitled an act in re.
alton to the competency of judges to try
Eases wherein the counsel are connected by
blood or affinity to the judge, and to regu'
ate the appointment of attorneys for ab
ent heirs and of absent defendants.
The constitutional rules being suspended
y four.tfths affirmative vote of the Sen
tie, the bill was placed on its second read
ng and referred to the Committee on judi
iary.
Senator Wharton called up the majority
eport of the Committee on Finance on
louise bill No. 327, entitled an act to ad.
ust, regulate and provide for the bonded
ebt OF the city of New Orleans: to au-
horize the exchange of bonds of the city
+ New Orleans for other bonds to be issued
the plan known as the premium plan: to
dopt and give legislative sanction to the
aid plan, as set out in ordinances Nos. $3.50
nd 1888, Administration series of the city
f New Orleans, approved on May % and
'ugust 81, 1873; to provide fund to meet
ne semi annual payments of the said bonds
noWn as premium bonds; to create COM
lission in the interest of creditors and to give
aid commission the direction, control and
Of the semi annual allo:ments
nder said premium bond plan; to limit by
'ntract the contracting OF debt by the city
New Orleans; to limit taxation for all
imposes therein, and to give relief to ar.
'ar taxpayers; to provide for the exchange
said premium bonds for other bonds in a
'rtain contingency.
The majority aad minority reports were
ad.
Senator Robertson moved that the fur.
Ter consideration OF the reports and bill
postponed, and made the special order
the day for Thursday at one o'clock.
Senator Wharton moved to lay the motion
the table.