The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-23


debt created by said act.
SECTION 4 Be IL enacted By The General As
L sembN OF The State of Louisiana, That should
i IL occur that the tax imposed to pay the in
tcrest on the public debt created by act No. 8
N 1874 has not heretofore been collected or is
& not hereafter collected, to sufficient amount
to pay the interest on said debt, the holders
oil the unpaid interest coupons shall have the
option at any time they desire to apply there
for to fund such coupons at the rate Of sixty
cents On the dollar: provided the bond to be
issued therefor shall only bear interest from
the next maturing day. That "a II funded
after the first of January and before the tlrst
of July, interest shall only run from the first
81 july. and Ii funded after the first OF July
and before the first OF january, interest shall
only run from the first Of january; and all
antecedent coupons shall be detached and de-
stroyed; and the Board Of Liquidation is
hereby empowered to fund such alreared cou-
9 pons at the rate of sixty cents on the dollar
& iip TO and until the public debt shall have
reached fifteen millions OF dollars, In con-
. f8rniity to amendment No. proposed twenty
fourth January, 1874 and reported adopted at
/ the November election OF 1874.
/ SEC q. BE IL further enacted, etc That this
act shall have full force and effect from It's
adoption.
House bill No. "a,
ssArl act for the relief of the Fruit Growers
Association Of the Gulf States
Was taken up on the favorable report of the
Committee on Agriculture, immigration and
4 Commerce.
On motion of Mr.. Berry the bill was laid on
\ the table subject to call.
House bill No. 26,
IAN act To amend and re-enact section 800 of
4 the Revised Statutes of the year 1875"
4 Was taken up under the unfavorable report
aof the Committee on the Judiciary
On the motion Of Mr. Routon, the bill was
withdrawn.
B House bill 81,
IAN act defining public adultery; declaring
the same to be O crime throughout the State
and providing penalties therefor,
4 Was taken up under the unfavorable report
OF the Committee on the Judiciary.
Mr.. Routon moved that the bill be made
the special order OF the day for Thursday,
january "a.
by rising vote Of 60 yeas, nays not TAKEN
/ the motion prevailed.
House bill No 3D.
I "An act relative to the charter of the New
/ Orleans Waterworks Company" etc,
Was taken up under the favorable report Of
the Committee on City Affairs.
The bill was read second time, section by
section.
On the motion Of Mr.. Drury it was ordered
that the bill be printed in the journal and
made the special order Of the day Wednesday
next at o'clock p. m.
Il BY Mr.. Leeds.
4 House bill No. 81,
IAN act relative to the charter of the New Or
leans Waterworks Company, and amend
ing an act No. 33 of extra session of 1877
approved March 81, 1877.
SECTION /. Be II enacted bu The Senate and
1 House of Representatives OF The State of Lou
iaiund, In General Assembly conpened That
OF the election to be held on the first Monday
OF July, 1873 and annually thereafter, for d.
Tectors of the New Orleans Waterworks Com
pany, the stockholders of the said New Or
leans Waterworks Company shall elect four
directors but the city Of New Orleans shall
fully represented for the amount of her stock |
by the Mayor OF the city, the Administrator |
Ct Waterworks and Public Buildings, and by |
the Administrator OF Finance, who are ex- |
lofIlcio directors of said company.
! SEC. q. Be ii further enacted, etc, That sec
ation 10 OF said act No 80 Of the extra session Of
Athe year 1877 be amended and re-enacted, so |
shall not declare or pay any dividends, except |
I'm cash, and then only out of the net semi |
annual or annual receipts, after payment of
expenses OF operation and gradual extension
and the interest on it's bonded debt.
SEC. 8. Be Il further enacted, ETC., That, sec
h tiCn IL Of aforesaid act be amended and re-
enacted so as to read as follows:
tsThat at the expiration OF fifty years from |
/ shall have right to buy the works, conduits |
pipes, etc, OF the company, at II valuation to |
L be fixed by five experts, two to be named by
the city. two by the company, and the four to
select the fifth expert; but should the city |
neglect or refuse to purchase said works, etc.
as above provided, the charter of the company |
shall be ipso ,facto extended for fifty. years
longer, but without any exclusive privilege or
right to supply water according to the provi- |
I,sions OF the charter"
II SEC. a. Be IL further enacted, ETC., That the
/ time allowed to the said New Orleans Water
works Company to commence and proceed to
the erection OF new works and pipes, as, con- |
ltemplated by said act No. 49, shall commence
/ SIX months after the organization of said
company, and not from the date Of the pas
sage Of said act
laws, or parts Of laws, contrary to the pro-
visions of this act or in conflict Herewith are
thereby repealed to the extent that they do
conflict, and that this act shall take effect
5frOn1 and after the passage.
House bill No. 81,
Gan act relative to the Superior Criminal
ICourt Of the parish Of Orleans"
4 Was taken up under the favorable report of
i the Committee on the Judiciary, read and Or
sdered to be engrossed.
House bill No 49, Joint Resolution
II Referring to the assembling and adjourn
ling Of the General Assembly
Il Was taken UP under an unfavorable report
from the Committee on Retrenchment and
Reform, and on motion, was indefinitely post
9poned.
4 House bill No. AZ,
Joint Resolution relative to United States |
lSenatois,'
n Was taken up, with the Concurrent Resolu-
lion on the same subject, under favorable
report, by substitute, of the Committee on
SFederal Relations, the substitute being en-
titled
81 Joint Resolution relative to the rejection
|Epf the Hon. Henry M. Spofford, and the adj
Emission Of William 2. Kellogg as a Senator
from Louisiana in the Senate of the United
ltates.'