The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-08
majority Of whom shall decide upon those


only offers OF BIDS made for the bonds In cash.
10 that event the board shall authorize the
fiscaI Agent 20 advertise to purchase the past
que coupons sior CASH OF consolidated bonds
and inclusive Of coupon January /, 1879; but
the Board OF Llquidators shall always have
reserved TO itself the right and privilege OF
reJectlng any and all bids made to the Fiscal
AZ agent put shall publish 10 the Official Jour, r,
Dlds rejected. The board may allow COM
mission not to exceed one-half OF per cent
Ior the disposal OF Che bonds Tor cash. should
tney deem 1t for the interest OF the State 70 DO
20. The Board OF Liquidators shall continue
to purchase or redeem In this manner until
all the past due coupons are extingulshed.
| SEC. y. BE q further enacted, etc., IhaI lor
| tne purpose OF guaranteeing ana more enect-
ually securing the prompt payment OF the
principal and interest OF Five-Iwenty Bonds.
70 De issued under TINS aet, ana 1or the pur,,
| pose OF avoiding future default IN payment OF
the coupons on the consolidated ponds OF
| the State ~ the tardlness 10 TAX colleetors
returns 70 the Audltor ana treasurer, Sec
ton ! Of Act No: Y, Extra session t OF OF
1877, shall be and Is hereby amended and re,
enacted 80 that from the words treasurer
Flrst; ~ small read a. Ioiiows: u,,,o,
;, II auulI0n W tne 0utes diTeauy pIescaIioou,
u Snail pe tne uuCy ., sne lleaSuIS ~ ~, a Seo
apart annually OUT OF tne proceeos ol tae 4 n.y.
anu lall Hills taA an aMouut e4 sI4 ~ ~ .ns
lnIeresI coupons a Un Gne LIP. uay ~
january anu tne urst oay VI July VI .ne ~! .Ia,
nv " ~ p alu i t o,o o1o aha 10
Ino GreuaC VI tlie lnoeIeeI IDA VI soso. suai "
applleu ats 1e1 10 Ing Payno ~ sno ,anf
tp , =. ~ ~, ,,tor,st I'M nf 1910 ohoi
" sno -. AZ. I.o LIE 90. .u ~ no ~ M
" set ny se ~ Sa pay .1e oou r
,,,, " 70 cI ma * = r,,s - onu
no - yc0., aIu .nu ou, psSo oi, o. %m y.
heen coiIected and set aside shaiI he denosited d
itb tbn FIsca Ar sTs AZ crsdt ~ aanarata
wa saH f,a ~ 10 ~ a. ~ nc
intarest 10 and radentan hond
ely wa TX tG th anu ~ ot the
u 20 that ha,ao ~, 10 ooiIaotnG
~ ,ayyt ~ +h ;n+rct s,,d eS th 20 ,, m on
is75 is7s and is77' shall be- placed bv the
1oo, LOU = t ~ a;t - ~ E;,,a ou
Lteasurer 70 me creais o. sald aive-IwenIy
hnnds shall ain ha naid ont 81 that n,ndsnd anv
oUan,,n3 ron, "inAino ~ rho crodit ~ eaid Snn3
msed bv The Board Of Iiouidators for the re-.
tirement of the said five-twenty bonds;
provided. that said Board Of Liquida,
bonds n above aoo npr or S maIa p U s
for redemption lof bonds unless there is at
least twerfty thousand dollars to credit OF
sag t Innd IN Inc @. treasury y. Y, ~. ,,,.
on hand thew shall be- reduced to corresnnnd
with such surplus and the award be made In
iavor OF Gne loWest Dluaer, or plooers. for al
this act nayment shali he made n tbe Siate
Treasurer on the order of the board, attested
by the president and secretary Notice OF
s Sd ppny M. ny i ss 81 .de
be- filed by the board with the Auditor. Said
coupons. when redeemed or purchased. and
sald h Donds, Wnen rede e Win coupons az,
and defaced by the Treasurer so 80 that thev
cannot possibly be used again, and be by him
filed IN the Office OF the Board Of Liquidation
aol ~ sa aIu % Joe WHICH .ao
ceipt. countersi0ned by the president.
SEC A. Be 1t further enacted. etc. That all
bs Pa aws w s
rogated.
! SEC. S. Be Il further enacted. etc. That this
act shall take effect from and after its pas-
sage.
Senate bill No. Q,
"An act Tor TIA rel,af of tho BOARD ~
"oS ~ e1o Aono, VI Sno co"lu VI
,,l So. ~. -leoDy ool "a. uoioa.iono ~
NO" Olioaus' eAelnp.1n. i.oln 'aAauo' Ger
.ann p,oPol'y ueou eAc'uei'oiy iol chatita-
oie anu oenevo.on' purposes
noiel.eo W Inc oonnittoe Oh onaritaoie
Aneei'u'ionS' WHICH, appoinoeo.
ny unanimous CONSENT Mr. steven gave no
tlce tnat az some future oay ne would intro-
An act providing LOT reductlon OF interest
on the bonded debt Of the State from Z to
per cent per annum.~
r.n s.....,..
Also, Dill entltled
An act to revise and amend the existing
laws governing the assessment of real and
,,o,,,,,.I v,r,,,a14,, +h,.,,,,,.ho,,. a.. ca.
poison"i p.opol.S niuuenou' sno o'a.e' anu
the present mode OF collection OF taxes"
Mr. Steven introduced the following con-
current resolution. which was read and
odontod
-
ftesoloed oy the SenGts, we Rouse OF Repre-
se Sc concarrsn0, Lhat lolnt committee
VI sGsem W ~. dhppSSimoet, W tonsisC o. Inree
the p " tau Eemale, 70 De aPponesu py
"a me rresoei1, ana TOUT memDe[s OF Inc House.
70 pe appoinusu py Inc opeahef, 10 examlne
Due ph, IoVks anu ac eco nus 81 Inc auuiDor o.
IuDlc accounts allu Ine olaoe treasurer, Ia
esin VIII elie re9a,rene s Oh sectloa
lo4v anu Vi QUIET secCions ol Inc revised
STATUES.
Mr.. Texada gave notice that he would on
tO-mOrrOw Introduce can act calling a Sfafa