The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1879-09-06

l.
feited TO or purchased by the State
or said corporation; and provided fur
tfher, that nothing in this ordinance
shall be taken as grantinglany time Tor
lthe payment of THE principal of said
taxes and licenses at the rate of 8 per
cent per annum from january q, 1880;
and on all said taxes and licenses paid
a discount of topper cent per iannum
shall he allowed from the date of pay
lmenttto january q, 1881.
That all taxes and licenses due the
State prior 10 Jaluary 4, 1879, may
he paid as follows:
4. That portion of said taxes and
licenses due the general fund and all
other funds, except as hereinafter pro
vided, in any valid Auditors warrants
outstanding at the date of the adop-
tion of this constitution, except all
warrants issued prior to the first OF
january, 1874, and also all warrants
Iissued from first Of january, 1874, TO
first of january, 1875, for other pnr-
poses than for salaries of constltu-
tfional officers, or for the support of
charitable institutions for the year
1874.
That at the option of the holders of
any OF said warrants, the said warrants
may he funded in bonds of the de
nomination of five dollars, with inter
est coupons attached thereto, at the
rate of per cent per annum interest
from the first day of July, 1880. The
said bonds to lbe-dne and payable six
wears from the first day of ,Januarw;
the said coupons being payable at the
State treasury on the first day of Feb
iruasy and August of each year.
AL moneys received in the treasury
for all taxes and Licenses dine the
State prior 10 the first day of january,
1879, except such as are otherwise
provided for by this ordinance, shall
he set aside to pay the interest on
said i've dollar bonds, and to provide
a sinking fund to redeem the same.
The bonds above provided and inter
est coupons shall also he receivable for
amounts dine to the State for Fedemp-t
ttions or purchase of property which
has been forfeited or sold to the State
for delinquent taxes and licenses Of
any of the wear named in this ARTICLE.
The bonds so issued shall he lreeeivat
able ffm the said taxes and licenses and
the obligations of the public charitable
institutions of the State given for the
purchase lof necessary supplies of food,
dlotliing, medicine and hire of en-
lployes.
2 That portion of said taxes and
licenses due the interest fluid, subse-
,auent TO January. 1874, in any matpr-
ed coupons issued Ily the State since
that day.
8 That portion of said tax due the
Ilevee fund since the year eighteen
hundred and sescnty-two, Inclusive of
both years, in any valid warrant issued
by the llevee company and Endorsed by
the Auditor and Treasurer Of the State
as follows: 'Receivable for levee tax
due for eighteen hundred and seventy
cone to eighteen hundred and seventy
six, INCLUSIVE and the Auditor and
Treasurer are hereby authorized ITO so
iintiorse warrants issued by the llevee
company, as provided above, to an
amount sufficient TO cover to balance
due on the Judgment recovered by.
said company in the case entitled
Louisiana Levee Company US. the
State of Louisiana, No. 7l6s, in the
Supreme Cont of Louisiana.
Continued Next Week.