The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-03-15

,uovad rent. recoverable before court Of oom--
petent Jurisdiction ~ fine and Hquidased
damsges. a...t
year TO- wit. from the first OF January. % tns
tbirtyfrst of March OF each year, the said Fiscal
Agent shall and obligates itself 70 advance 70 me
State on cash credit account, 10 be drawn aRainst
az provided by law, for the payment OF the Per
diem and mileage OF the members ana cvnu ~,
gent expenses OF the General Assembly Oh me
State; the payment of legal warrants issued ior
salaries of the constitutional state officers ior
said quarter; and the appropriation herein maae
for the contingent expenses OF Inc nosIu y,
auidaton the cum 81 mr. haes sanars ns Of the
state, or 30 much thereof 81 may be necessary 20
be evidenced by the appropriation bill or bills
which may have been or may pc passed ~
each SESSION by the Legislature, at an interest
which shell not exceed five per cent. per Annum,
To be reimbursed out OF the fret moneys collected
far ina state at credit of the general fund.- III the
Fiacal Agency shall have been removed 20 smother
bank before such advance and over draft small
have been covered, 1t shal be tne ausy on sos
state Treasurer TO continue depositing with said
removed agent to the credit OF the Eenersl 1nna
until the said advances and the interest,"
accrued thereon shall have bsen reimbursed snd
paid in full, and no longer. No wsrrants, except
az above provided, shall be drawn against the
general fund of any year until sum shall have
been thus deposited adequate in amount TO liqui-
date and pay in full the amount when may nave
been 30 advanced and the accrued interest,". For
the purpose OF complying with article one nun n
dred and eleven of the state constitution, ana Oh
securing to the said Fiscal Agent the reimburse
Insnt Oh whatever amount may be advanced, as
aforesaid, and the interest aocrulng thereon, an
appropriation OF three hundred and htty thou.
sand dollars, or 80 much thereof az may be neccs-
sary, is hereby made annually. payable out OF the
first moneys collected by the state nc credit oil
the general fund. For the purpose OF enabling
the said Board Of Liquidation to continue its
operation and complete the funding OF the re-
mainder of the outstanding debt Il the State
legally fundsbls, an appropriation of five thou
sand dollars ia hereby made, or SO much thereon
ss may be necessary, payable ont OF the general
fund. annually, to meet and cever the contingent
expenses which may be incurred by as,d noara.
make aud submit to the General Assembly on the
frat week of it's session full and detailed state
ment accompanied by proper vouchers.
sro. q. Be IL further enacted, etc.,. That sec-
ton nine OF said act No. 3 be and the came is
herebs amended and re-enaeted, 80 that section
nine OF said act No. B shall read rs follows, to
wit: !,
Sec. 9. Board Of Liquidation. De II Further
enacted, etc. First-It shall be and is hereby
made the duty of the Board OF Liquidation, Inn
mediately after the passage OF this act, to inves-
tigate and ascertain accurately the exact amount,
character and description OF the valid bonds,
warrants aud ether liabilities OF the State con.
tempated in act No. 3 OF eighteen hu 1dred and
seventy.four to be funded and exchanged for CON.
solidated bonds which have not yet been funded
sa,,rns ~ Aha Stans for Aha anaoe of ten
corssentiya days. with 4 Abatement Oh the total
amount OF consolidated bonds already issued, to
the end that the total debt OF the State may be
officially established. known and promulgated;
Second Thereafter, and until the liquidation
and funding shall have been completed, 1t shall
be the duty Of the Board Of Liquidation to publish
in the official journal OF the State, on the first
vasr fn,S and aats;lad STATEN emf Of ali the CON.
yea as h. "a ;s.s,aS ~ lar iris =, snr tha n.r
~ Il a;v;nr their nnnihsrs
"a aeno,rir.tinns. ana liss statsment OF All Aha
s sna ua athar ,.Ia nbIiratiops n the ptste
,o sa hae,, sndeS asJ conyertea in lien
- th oo,, honda .swad dnrine
ny nv lpsaooa;aa Ae ,nsrtar
VIZ nj II altar ,be n.ssaea ~ tb;.
40 a. pnara ~ TSnu;aatian sba,i snasrtain nv
az. Of tha hooks of the Auditor and
s.tair aanh vaar ~ tba Ava and 3 half milis tar
Tasey eaen year, Oh .ng i've h anu NANNY s n "a
na.pa,s.maf,,r ah,sen bnnsrad ana sayantv.S
and sghteen hundred and seventy.six, respect.
Ugly, Oh rassnrsr The Aviator and The Fscs
VIC ,.ea, sa,,srs.a and a;st;nct accnnnts Far
aas,I, yaor II shsIl he and In harebv made the
5ntv "a tha ataia Treaanrer to renort imm ediate-
" n writing. to the ssid board the amount ana
) asat.;laa dssscripton Of the eonpons whieh have
hsay ,,a;d ont n the nroceels Of Che tar Of each
~ o sa,s Years Tbis ;nyestieation oomnleted and
ranort yyecaived from the Tressurer. the enid
hnsrd shall nuhlish In the oficial formal OF Inc
state for tan conHecutiye DAYS. n condensed
stste,ment Of the result of their examination.
showing the surplus or deficit, as the case NAV
he in he collection Of the annual interest tax
for each wear. oompsred with and taking into ac.
nonnr ths n,stured interest Of the unpaid cou-
mans Of Consolidated bonds already issued, and
those vet to be issued in exchange for valid ost-
standing debts OF the State intended to be fund.
ed according TO this act and the constitutional
amendments. Annually thereafter on the first day
Of January, the said board shall publish similar
statement. The said Beard of Liquidation is here
BY authorized, whenever deemed necessary to
this supple M eIitary law, to employ and pay such
ACCOUNTANTS and clerical force as may be required.
For stixing the seal Of the State to the bonds to
said board shall psy to the Secretary of State ten
cents for each bond sealed and delivered and no
mora.