The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-04-20
OFFICIAL.
LAWS or THE STATE OF LOUISIANA.
PUBLISHED BY AUTHORITY.
EXTRA eERaAAN or 1877.

No. I'll AN ACT
to act number ffty-eight Of ono
thousand eight hundred aud srvepty.seven,
entitled "An act to enforce effsctusly the
constitutional amendments proposed jan
uary twenty-fourth. one Thousand eigha
hundred aud saventy.four, ratified at
the general election held on the second
OF November, one thousand eight hun.
dred and seventy four. relative TO tho State
debt aud the funding thereof; TO protect the
interests OF the State aud the holders Of the
bonds issued b, virtue OF said amendments;
and for that purpose, TO amend aud roe act
an act entitled M act 70 provids for funding
obligations Of the ate by exohsnge for
bonds: to provide for principal and inter.
cat of said bonds: to estab 18Th Board OF
Liquidation; TO authorize certain Judicial pro-
oesdipgs against 1t. to define aud punish
violations OF this act: to prevent certain Off
oers diverting funds, except ~ provided by
law. and TO punish violations therefor: to
levy continuing tar, ana provide eontinu
contract between the state and holders Of
said bonds; to prohibit injuueuons In GER
tain cases; 70 limit the Indebtedness OF the
State and to limit State taxes, to annul cer-
tain grants OF state aid; to prob BIT the
mod lhcstion, novation or extension OF any
contract heretofore made for State aid; to
provide for tho receipt tf certain warrants
for certain taxes, aud 10 repeal oil conf citing
laws. being act number three, approved
twentyaIoufth OF January. one Thousand
eight hundred and seventy four; TO create
Fiscal Agent and to define the duties OF said
agent; TO prescribe aud define the duties and
powers Of the Board Of Liquidation Of the
State Treasurer and OF the Auditor Of Pub
lie Accounts; and making certain specific
appropriations
SECTION l. Be il enacted by the Senate and
House Of Representatives IF he State Of
Louisiana, in General Assembly conuened
That s.etio1 two of said act amending aud re-
section niue of the origin i act number
shall be aut IL hereby amended and e-en-
acted 40 that that portion OF seoion ne M
amended in said act number fifty
eight beginning from the tile "rreas-
urer" 10 and including the word "Presi-
dent" preceding the word "Audtor" shall
dition TO the duti q aresdy prescribed. IL thal be
the duty OF the Treas ,rer to apart annu .iiv.
out OF the p oeeeds Of the five aud halt NIL
tax, an amouat equal to the interest coupons m4
turng on the first day or July II said year and
the first day OF January next following and the
surplus, ii auy, r,mtiping after sait amour q
shall havs been objected u d .et aside, as we'll
as the surplus, II any, resulting from The pro.
visions of third amend nent OF the
JANUARY twenty fourth, eighteen hundred
and seventy -four, and ratified at tho general
elect on held on the second OF November, eigh-
teen huudred and reyenty-four shall be Deposited
wi h the Fsecal Agent 1T credit OF = separate and
distinct iund, to be cslled and known az the
Redemption of the Public Debt Fund and such
amount "a may remain at credit of the said re-
demp Ion fund AFTER deducting therefrom q
sum necessary u cover m&tured coupons remain
ing In arTeass nha1I IA used exclustvsly. under
~ dirse,cn a. ~ 1oerd ~ Liquidation. for Tho