The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-03-31
A NJ ACT
No, 31.l

funding the floating indebtedness of tho
parish OF Claiborne; to verify the legality Of
said indebtedness, and ascertain its amount,
and to prov de for the payment OF the prin-
cipal aud interest thereof by special tax
for that purpose, and to limit the rate OF in
terest on said indebtedness, and to prohibit
suits against said parish, except in certain
cases,
SECTION /. Be it enacted by the Senate and
House Of Representations Of tie State Of Louist-
ana, in General assembly cOnUened, That tre
police jury OF the parish OF Claiborne be, aud
they are hereby authorized to fund the outstand-
ing indebtedness OF said parish to an amount not
exceeding twenty thousand dollars, by issuing
bonds OF the parish therefor. maturing In not
less than five year, nor more than ten years from
| the date Of their issue, aud to bear interest at
such rate per aDnum, not to exceed eight per
centum nor less than FIVE per centum, as said
police jury may fix.
/ SEC. 2. Be further enacted, etc., That all
ca'ms OF Indebtedness against said parish shall
be submitted TO board of audit. com posed of The
president of the police jury, tbs parish judge,
the recorder Of the parish, the C ERIK of the Dis
| trlct Court and three other taxpayers of said
parish, to be chosen by the members OF the
| board above designated, and that each of the
members of said board shall take an oath before
entering on the discharge OF his duties as such,
| and to faithfully perform the same, to designate
for funding all such debts as are legal aad re-
ieet oil others.
SEC. s. BE ii further enacted, etc., That in
the police jury of said parish accept the pro-
visions of this act, by passing an ordinance to
that effect, the memters of the board OF audit
above designated shall, at time to be fxed in
| said ordinance. meet and take the oath above
prescribed, and proceed TO complete the board
by selecting the tbree additional members.
SEC. 4. BE Il ttott,v' enacted, etc., That the
board shall organize by electlng one Of their OWN
members as president, and shall also select some
| suitable person to act as secretary OF the board,
who shall take an oath to faithfully fulfill the
duties thereof Five OF said members shall con-
stitu quorum for business, and in case va
cancy OCCURS in the board, it shall be filed by the
police jury of said parish.
SEC d. Be it further enacted, etc., That when
organized, the board shall give notice by adyer-
Using for thirty days in public newspaper in
the parish of Claiborne, Of the time and place at
| which they will begin the work of auditing the
parish indebtedness, and the time OF their regu.
lar meetings. They shall also give notice 10 said
advertisement, that within three months from
the time of their first meeting, the work OF audit
will close, and that all creditors of the parish,
whose claims are not presented within the time
designated, will not be audited or funded.
| SEC. 6. Be II further enacted etc., That said
board OF audit shall keep Ia book or books,
complete register OF all claims audited, showing
| therein che date, amount, nature OF the claim,
| and name of holder, which shall be numbered in
| the consecutive order In which they are audited.
and similar registry OF all rejected claims shall
| be kept, with an accurate index to each.
| SEo. 7. Be IL further enacted, etc., That any
person feeling aggrieyed by the rejection OF o
claim may establish Its validity contradictory
with the parish, and any taxpayer OF said parish
may, in case he desires, institute suit before q
com petent court. in his own name, 10 contest the
validity of any claim audited: pyOUided, said suit
shall be instituted within thirty days from the
| time the board of audit close the work OF audit
| ing, and Ia case the decision be adverse to the
validity of tho claim, the same shall not be
| funded. a-e-.a..- ..ah- ~z-..
Sec. g. Be il further enacted, ETC., That after
| the expiration Of four months from the time
| he. yondkh Sfa Tydi
| ing the board stall proceed to issue bonds for
| the debts audited, in favor of the creditors Of
the parish, which bonds, 18th interest coupons
attached, shall be furnished by the police jury,
dred, three hundred, four hundred ard five hun
| bred dollars. Said bonds shall be signed by the
! president of the police jury, and countersigned
by the secretary Of the board OF audit; but shall
only be Issued by the sanction OF the board OF
audit, and under the immediate supervision
thereof.
SEC Q. Be ii further en,scted, etc., That said
bonds shall be numbered IN the consecutive
order in which they are issued, hand registered in
a weIl-bound book, which book shall also con-
tain an accurate record Of the debts for which
each bond was issued and deposited, together
with the other books of t board. with the par
ish treasurer, after the completion Of the lsbors
OF tie board.
SEC. 10 Be IL further enacted, etc., That as
soon as each bond Is registered and the record is
made the claim on which it is issued, and be-
fore the delivery Of the bond, it shall be the duty
Of the board OF audit to destroy by fire. in their
immediate o, esence the evidences OF debt ON
which each b nd is issued.
SEC IL. Be ii fa,tl.e, enacted, etc., That in
case the rizht to fund any claim, under the pro.
visions Of this act s contested in The courts, and
the final decision shall be in favor Of the validity
OF the claim, the board OF audit shall proceed to
issue bonds for the same, as IL no contest ad
taken place, and shall preserve their organization
for that purpose until all such suits are de-
cided.
} SEC. u. BE ii further enacted, etc., That all
bonds issued under tho provisions Of this act
shall bear date Il the day, month and year on
which the first bord is issued, and draw interest
paya BILE annually, from that time.
SEC. 10. Be ii further enacted eta, That the
police jury OF @ aiborne parish are hereby author.
lied and required to lev annually, special tar
in addition to other parish taxes, payable In cur
| renew sufficient in amount, after deGucting the
cost Of collection, which shall not exceed three
per cent on the amount OF said tax collected, t.
disch rye the annualinterest on the bonds ISSUED
hereunder, and also to extinguish, by payment
sufficient amount Of the principal Of said bonds
to insure their final payment and discharge a
nee. IA. Be IL further enacted, etc., Tina
hereafter ne soft shall be brought against the
- parish Of Claiborne on any claim now existing
except as herelpabove provided, and that all law
II in conflict with the provisions OF this act so far
- they relate to the parish OF Claiborne be, ant
o they are hereby repealed.
l. SEC. IS. Be ii further enacted, etc., That thi
act shall tase effect from and sf.er its passage
: Speaker of the House Of representatives
y fsianedD LOUIS A. WILT,
Lieu tenant Governor and President of tn
Ap SsrSss March %. 1877.
. ISigned) FRANCIS r. NICHOLS,
q Governor of the state of Louisiana.
i true copy: