The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-03-12
assessments due or which may thereafter
h1l1.tnn dL1a On gaid stock.

shall be first applied to the payment OF cur
rent interest," and the residue applied TO tne
Of bonds purchased over the proportion re- |
nuired for any year shall be credited on the |
assessment for the following year, ,. ana
any deficit shall be made up In the assess |
ment for the said following year.
SEC. 10. BE 1t further enacted, &c, Ihat u
shall be the duty of the Auditor OF Pubnc Ac- |
counts, us fast as consolidated bonds are sur
rendered to him by the said association nnaer
the provisions OF tbs act att 81 e sy assoc.
citation, to cancel and destroy the same attea
public notice In the official Journal, In the
presence OF as many ctlzenfs, , a. may we ae.
q,erInI thereof and to make report thereQ1 Id
his annual report to the General Assembly.
suc. If. Be IL further enacted, etc. That IL
the stockholders Of tho Consolidated Associa-
ton Of the Planters OF Louisiana shall fa, az 70
fs53 the directors appointed by the Governor,
on behalf of the State, shall be and are here
nv authorized to exercise oil the powers ana
posed on said president and directors by the
provisions Of this or any other law, until
said directors are elected.
SEQ 49, Be IL further enacted, ETC., That it
shall be the duty Of the president and dlrec.
tors to furnish to the Governor before the first
tlay of January of each year for commnnica-
tion to the General Assembly Of the State, o
full report OF their proceedings during the
year.
sEo. IL. Be IL further enacted, ETC., That the
lin1lidation Of tie Consolidated Association
may continue until the payment OF all the
obligations Of the State incurred on !, account
thereof, reserving the right OF the state In
case Of failure ON the part Of the corporation
to provide for paymentof interest and an,
,,,,al extinction Of part of the principal OF said
bonds, as contemplated by this act TO MAKE IKE
such other and further regulations 1or the
liquidation as may hereafter be deemed
proper.
SEQ IA. Be ii further enacted, ETC., That IN
case il shall be decided by the Supreme Court
of the State that the bonds OF the State, issued
In aid q this corporato thGf u ,eRI after fa
the liquidation Of the said corporation, the
said liquidation shall nevertheless be con, !,
Quoted by the president and directors OF said
s hg nhe hhasf a 1I aes
legal proceedings to take and recover posses
sion OF the assets and affairs OF the corpGfa-
ton, and they shall perform the duties IN IN
section Of this act in manner and form as
therein directed, except that the. investment
shall be made in the outstanding bonds OF the
State, instead OF IN consolidated bonds zone hna
the Investigations prescribed by section OF
this act, shall digest and prepare plan Tor
the further liquidation of this corporation, to
be included In the report prescribed by sec
ton IL Of this act in order that the Legsla.
ture Of the State at it's next session may adopt
laws for the further and final liquidation Of
the corporation.
SEQ. Is. Be it further enacted, etc, That this
act shall take effect from and after its pass
age and that all laws and parts OF laws IL
conflict with this act be and are hereby re-
pealed to the extent OF such conflict
By Mr.. Tremoulet:
House bill No.2,
IAN act to provide for the examination o
the outstanding floating debt and claims
against the State; providing for the classifi
cation Of said debt and claims; forbiddint
the further payment by the Treasurer OF salt
debt until examination be made and the Gen
eral Assembly act thereon; making an appro
priation for the same"
The bill was read and under suspension 0
the rules was passed to its second reading.
BY Mr.. Hahn:
House bill No. 8,
IAN act to provide for the speedy collection
of delinquent city and State taxes and license
in the parish OF Orleans; to diyest justices
courts Of Jurisdiction, and invest dlstrlc
courts with full jurisdiction"
The bill was read and placed upon the cal
endar.
BY Mr.. Leonard;
House bill Mo-
"An act to increase the revenues OF tn
State, by leyying license tax on all gamblin
houses to regulate such houses, and impos
ing penalties for violations of such regule
tons"
The bill was read and placed upon the ca
endar. o
BY Mr.. Buck: 0
House bill No.5
can act to enroll and organize the militia
to organize, arm and equip special militi
force; to appropriate ten thousand $4,000
dollars for arming, equipping and paying u
same"
The bill was read and placed upon the CO
endar.
BY Mr.. Leeds:
House bill Noe,
sAn act to provide additional regulation
for the government Of the city OF New
leans" etc.
The bill was read and placed upon the ca
endar.
BY Mr.. Warmoth u~a
House bill NOT,
can act to incorporate the Louisiana Yves
ern Railroad Company"
The bill was read and under suspense
OF the rules, was read q second time and 1
ferred to the Committee on Railroads.
By Mr.. Dinkgrave:
House bill Nos,
"An act to fix and define the boundaries
Madison parish"
The bill was read and placed upon the Gale
dar.
BY Mr. Gaskins
House bill Nos,
can act to authorize the police jury of Ii
coin to levy special tax"
Under a suspension Of the rules the bill W
passed to it's second reading and referred
the Committee on Parochial Affairs.