The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1878-12-28
The Contract Between the State and
the Fiscal Agent.
IN. 0. Picavunc.|

AS mere seems 10 n' E!Sannrc
hen>lon in some VNHGtrl> "a, 10 the
character of the agreement between
the State and the Fiscal AGENT, the
the basis of that contract is nppcnd-
rd, the same being extracted rrrLu-
tM ct (teIuiiM from the contract ac>
cepted and approved by the Board
of Liquidation, May %, vi. where
in the Fiscal Agent contracts as fol-
lows:
|. To conform to existing laws,
and such as may hereafter br passed.
relative to the agency, with the right
of resigniDg should any laws hcrraI-
ter passed be not acceptable, incIud-
ing the advance provided for by sec
ton 9, paragraph 4, Of act No. - of
regular session of IS77. approved
March -, 1877, beginning January |,
1873, and continuing until the sue
ccssor Of the present Gov. +. Y.
Nichols is inducted and installed
into ot,,ce--i. G.. at least until March
|, 1881, up to which time tho tenure
of the Fiscal Agent shall continue,
unless legally removed for cause, or
until resignation is made as above
provided.
2. TO pay and disburSc the funds
now on hand, and advance if ncccsSa-
r. the funds to pay the interest ac-
crued on the bonds and claims now
funded, or that may be funded from
January |, 1871, to the extent of all
coupons of interest on said bonds
maturing January |, 1873, out of the
interest funds collected or to be COL
lected for the year 1874 form the
interest finds on hand and to be
collected for the year 1873, to pay
the coupons due January |, 1876;
and from the interest funds on hand
and to be collected for the year 1876,
and by the necessary advance to be
made Immediately by said Fiscal
Agent, to pay without delay, on the
claims funded and to DC funded, the
coupons maturing January |, ISL.
For the reimbursement of any adj
vances made by said Fiscal Agent
for the payment of the interest COW
pons due January !, 1877. on the
consolidated bonds issued anh to be
issued. the taxes assessed for the
year 1876, for the payment OF srch
interest, shall be applied until such
advance is extinyulshed.
As further funds are collected for
the years 1874, and 1876, respective
", the coupons due July lst of SAID
years shall be paid in full as 500" rs
PRACTICABLE, as the funds are collected
for said years respectively, until all
the interest of each year is paid,
when the surplus of any year shall he
applied according to the laws OF 1917
to The years uncovered, and, in con-
formity to said laws, preference bc-
ling given to the oldest coupons due.
3. To provide the means necessary
to protect the credit of the State IN
case of deficit in past, present or i"-
turo collections to meet the entire
interest accrued, and to accrue, on
the funded and uufnndcl bonds and
warrants, converted and to be con-
verified into consolidated bonds, with
out defalcation or delay, from and IN
dulging coupons of interest dae jan
nary LIST, 1877, to aud including Jan,
uary LIST, 1873, on the claims and
warrants already funded, and those
which may hereinafter DO funded,
aud for that purpose to advance what
ever money MAJ DC necdcd whenever
required by the board.
1. TO enter into contract covering
the foregoing contemplated arrange
ment.