New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1876-03-31

Inc 0eC60S0O was AAUy 'uAuO y0oAo Va eeoe
and had been in this city for over twenty.
seven years.
Funding Beard.
The board of liquidation met yesterday
in adjourned meeting from Wednesday.
Present-Governor Kellogg, Lieutenant
Governor Antoine, Auditor johnson, Treas
urer Dubuclet, Secretary of State Deslonde,
and w. C. Black, Esq, president Of the
Cotton Exchange.
Absent-Speaker Estilette and Mr.. Bald
win.
The minutes of the previous meeting
were read and approved.
The following were the unpublished
transactions of that meeting:
On the funding Of the 81, 100000 levee
bonds Mr.. Black offered the following:
Resolred, That the board do now proceed
to fund the bonds, twenty in number, held
bv Frank Morey, according to the decision
Of the Supreme Court in favor of said
Morey, and that the funding OF said million
issue be limited to the twenty bonds upon
which the suit Of Frank M0rey Va. the Fund
ing Board was brought, and that no other
bonds of said issue be funded.
Governor Kellogg offered the following
% substitute:
WHEREAS. The Supreme Court of the
State, in test case brought under the sup
Elemental funding act. having decided the
issue of levee bonds made under act No. 80
of 1866, known as the 81, 900, 900 issue. to
be valid and binding upon the State; and
Whereas, The Attorney General OF the
State, in q written opinion just rendered,
saws: II have carefully considered the effect
of that decie ion, in all its bearings, upon
the validity of the entire issue, and from
the length of time that court had under
consideration all of the defenses urged by
the State against the validity OF these
bonds, l am decidedly of the opinion that
further litigation would end in defeat aud
incur large cost to the State" therefore,
be it
Resolred, That the board proceed to fund
such bonds of the said 81 900, 0OG issue as
may be properly presented for funding.
The substitute was adopted-yeas, Gov
ernor Kellogg, Lieutenant Governor An
tome, Treasurer Dubuclet, Auditor John
son, Secretary of State Deslonde; nay, w.
C. Black, Esq.
The following resignation was received
and accepted:
New ORLEANS, La, March 90, 1876.
To His Excelleucy W liam Pitt Kellogg President
and Members of the Board Of Liquldatlon
htate Of louisiana:
GENrLEMEN-I have, at very great incon-
venience, delayed until the present time
rendering, a. I do, my resign alton as
member Of your board. When l accepted
the commission was conscious that dis
charge of the duties imposed, no matter
how faithfully and disinterestedly per-
formed, would almost certainly tail to
command kindly recognition or popular ap-
probation, and that must seek my reward,
If any, in the appreciation of my own con-
science. have faithfully and earnestly en-
deavored to execute the trust impartially,
uprightly and Justly, according to my judg-
ment and the best lights, in che interests OF
the State and the public creditors, and
while go doing can now, with pride and
pleasure, add that, whether was in accord
with or in opposition to members OF the
board in what was done. l never expe-
rienced abatement of their uniform respect.
sever, therefore, my connection with
| the kiudliest wishes for it's members lndl-
| vidually and collectively.
l have the honor to be yours, with re-
spect, n.,nu,v
/
lowing resolution was unanimously adopt
| ed:
Resozred. That the thanks of the board
| of Humiliation of the State of Louisiana bt
and are hereby rendered to Albert Baldwin
| Eso.. for the able and conscientious manner
| in which he has discharged his duties as
member of the board, and that IN accepting
his resignation as fiscal agent, the bOart
/ A. mn have the
vantage of his skill and experience in dis
charging the remaining duties devolvlnl
upon them.
With one exception the funding yesterda.
was confined to the bonds of the Nortl
Louisiana and Texas Railroad Company
The amounts, divided for convenience
among the proposers, are as follows:
Under act No. 49, Dece mber g. 1866 81 600 900 leve
| eight per cents -, m
l bond, L. B. Blnsee ...................... @l'oc
/
| To+., ..... Sl,O4
Under act No. los September 26 1863 to inco,
| noyate the North Louisiana and Texas Raj
road Company 40
~ Connon ....................... 2s4
Total ...............S ,29 81
bond. D. NJ. Hildle h.................. sl@
Coupon ...''.''........s'
ro.., sloa
Is bonds ". S. Dannell. $3.50
| Coupons. ..''''''''' Nv
Toto, . 625 81
II bond-- John B. Manning. ............ sH'1
j. Coupons ................'..''''''''
Total " $2l2
O, honda q. F. Hoffman ..,...... S95 90
Cnuncns ,.... 3,5t
@98, 81
Abonas John R. Carpenter $4,Ot
Total OBSERVATION-DISCLOSURES. o. Oh
bonds, 1. B. sinsee.. s7'@9
Coupons. ........................... L
Total Observation-Disclosures. 81 J.
bonds E. J. Forstalps Sons. $40
COupOle. ACKNOWLEDGEMENTS.
OBSERVATION-DISCLOSURES. $40
bond. KIemmelbu1g Shaefer Co... $lO
COUPONS. ........'.'..'''' .'''.......
To+., Observation-Disclosures. $40
10 bonds, T. H. Hunt. 500
n Coupons. ............''''''
Total ................... slO,2
, Total amount funded, $685. 800 90.
In executive session certain resolution
were passed which are retained to be pu
t lished to morrow.
J.H. Oglesby, Esq. was elected tiso
, AGENT vice Albert Baldwin. Esq, reslgne
. hv tina fnllovinR vote: