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

the surplus on hand they shall be reduced to
correspond with such surplus, and the award De
made IL favor OF the lowest bidder Or bidders =,
90 formity to law, payment shall be made
by the State Treasurer on the order Q,
the board, .attested by its President and
Secretary. Notice OF such payment, WIN
descriptive lists of the bonds and ooupors re.
deemed and retired, shall be fled by the board
with the Auditor. When paid, suen bonds. with
the coupons attached the etc, shall be separately
cancelled and deraced by the. Treasurer, SO that
him filed ID the office Of the Board of Liquids
ton for reference and inspection, for whion the
Fecretsry OF said Board shall give proper re-
celpt, countersgned By the President. Whes
shall be cancelled and defaced by him, 90 that
they cannot possibly be used again, and be by
him Hled with the said board for reference and
inspection, 70 which the Secretary OF the Board
shall give proper receipt, countersigned by the
A,tdtto,-First-In addition to the duties al.
ready prescribed, whenever the Auditor shall
have audited and adjusted q collection OF ske
revenues, he 1nust, within delay Oh twenty -t9us
hours thereafter, notify the Treasurer by detailed
statement thereof, showing the fund to be ored-
tied, the source oil the revenue, the year OF the
tax or Ii ,enss and the name of the collector, 30
that proper and corresponding entries may Do
made on the books of the Treasurer.
Besond-Tn conformity to section one hundred
and seventy four OF the Revised Statutes, the
Auditor shall open, and keep separately, ana In
proper form, all the accounts contemplated ply
this act and be prepared at any time when called
upon by Them to furnish the Board OF Liquids
ton with any and oil information regarding the
actual condition OF the moneys, funds. assets
and obligations Of the State, OF whatever descrp-
tien contained in his Office and under his charge
and supervision.
Third-It shall DO the duty of the Auditor to
publish quarterly, under OATH, on the second
Tuesday in January. April, July and October Oh
each year, in the official journal OF the state,
concise and accurate statement of all the funds,
assets and moneys audited by him daring the
quarter inst preceding, specifying the source
whene9 derived and the Hmount derived from
each source, footing up the total aueited during
tho quarter in money and he shall also ttate
the amount OF warrants drawn by him within the
quarter against each of the separate accounts
kept with each fund.- 1t being the intent OK this
act to have kept separate Account fUr the feve-
puss Of each year from whatever Roarce derived,
az well as an account of the sources whence de-
rived. in conformity with number three OF Tho
constitutional amendment of eighteen hundred
and seventy -four. .
Fourth-It shall be the duty OF the Auditor. in
ha next annual report, to give detailed account
OF the proceedings had under this act, including
the amount of new bonds issued, the amount OF old
bonds and valid warrants cancelled, the amount oil
the same outstanding. and the cost OF the ex-
change; and annually thereafter full and ex-
act statement of the condition of the public
debt under the operations Of this act. The
Auditor shall be ex officio Secretary OF the Board
of Liquidation. Should the said Auditor violate
any OF the provisions OF this act, he shall be
deemed guilty OF misdemeanor and malfea.
sance in Office, and on conviction thereof shall
be punished by imprisonment not txceeding five
years and not less than enc year, and by tine
not exceeding five thousand dollars and not less
than one thousand dollars, at the discretion OF
the court; provided, that this clause shall not
impair nor affect other prosecutions under the
penal statutes of the States, nor such civil RENEE
dies as may be instituted to recover such dam.
ages or losses as may have been sustained by the
State growing out of such misderneanor and
malfeaaance
Appropriation for sinking and retiring public
debt
SEC. 8. Be IL further enacted, etc., That an
appropriation for the purchase and retirement OF
the bonds and interest coupons authorized to be
purchased by this act aud by the constitutional
amendments, and for the sinking Of the public
debt. as provided by law. to the full amount OF
the surplus funds accumulated for the purpose,
up to the amount OF one million OF dollars,
should 80 much of aurplus be accumulated ut
any one time, Ia hereby and continuously made
annually, until the whols OF the said debt and
interest shall have been paid and extnguished in
full.
src, A. he 1T further. enacted, etc.. That all laws
or parts of laws conflicting with this act be, and
the same ase hereby repealed and abrogated.
SEC. 5. Be IL further enacted, etc., That this act
| shall have and take effect from and after its
| passage. ~
{Signed) LOUIS BUSH,
speaker Of the House Of Representatives.
tslgned) LOUISA. WfLTZ,
Lieutenant Governor and President of the Senate.
Approved March IL, 1877.
(Signed) FRANCIS T. NICHOLAS.
Governor OF the State OF Louisiana.
A true copy:
| Assistant Secretary of State