The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1879-08-02

OF 1.-THE STATE OF LOUZSZAN
account of non payment of taxes and licenses, or to which the State
or " any, ny Political 3o1t ca corporation now has a title, shall be reasonable,
the principal Of ali taxes and licenses that may be due thereon ar at the
date OF redemption, and this right Of redemption shall continue until
the first day Of January, 1881. In the event the principal Of said
Costs ssts fees sps and ussc Charges ;e 1Ie Raa og Sr rsmi a%i a fhs m psyies ,p pdn attaeh
to the property pert upon which the taxes and licenses are due, and such
the title Of the purchaser shall be full and complete; procadd, that
nothing herein contained shall be construed as affecting the rights Of
sold old at zt tax sales j. or r. t the P state, or a ps0p peS3ea ass eorpo s + a iaa
t the same was o Legally a1yf forfeited ted,, to o. 9,I purchased reh:s BY the State or said said
be taken as granting any time for the payment of the principal of
said taxes and licenses; and provided further, that interest shall accrue
and be collected on the principal of said delinquent taxes and
licenses at the rate of 5 per cent per annum from January i,
1880; and on all said taxes and licenses paid a discount Of 10 per
ary j, 1851. 'AN1 10 ;" A'" '' '"' u p''"'" F" '""D-
That all taxes and licenses due the State prior to January 1, 1873,
That portion of said taxes and licenses due the general fund
ditors warrants outstanding at the date Of the adoption o. thus con-
sitution, except all warrants issued prior to the first of January,
of January, 1875, for other purposes than for salaries of constitutional
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 be funded in bonds of the denomination Of five dollars,
annum interest from the first day Of July, 1880. The said bonds to
coupons being payable at the State treasury on on the first dsy Of Feb e
ruary and August Of each year:
the State prior to the first day of January, 1879, except such as are
otherwise provided for by this ordinance, shall be set aside to pay the
interest on said five dollar bonds, and to provide a sinking fund t re-
deem the same. The bonds above provided and interest coupons
shall also be receivable for amounts due to the State for the redemp-
ton or purchase of property which has been forfeited or sold to the
State for delinquent taxes and licenses Of any of the years named in
this this article ed noe The a bonds 4so 50 oh Issued shall Ill be be , nnS Y ah, for the ;a said
buttons of the State given for the purchase of necessary supplies of
2 That portion of said taxes and licenses due the interest fund,
subsequent to January, 1874, in any matured coupons issued by
3. That portion of said tax due the levee fund since the year eigh-
teen hundred and seventyone to the year eighteen hundred and
the levee company and Endorsed by the Auditor and Treasurer of the
State as follows: aTseceivabe for leveeta due for eighteen hundred and
seventy-one to eighteen hundred and seventy six, incusve;" and the
Auditor and Treasurer are hereby authorized to SO indorse warrants
Gent to cover the balance due on the judgment recovered by said
company in the case entitled Louisiana Levee Company vs. the State
Be it further ordained, etc, That no auditors warrants shall be
taken al valid for the purpose of payment of taxes and licenses or
amined by the Auditor, Treasurer and Attorney General of the State,
and Endorsed by them as valid. Said warrants, when 81 Endorsed,
may be surrendered to said officers. and by them registered and can
celed, and in lieu thereof said Auditor and Treasurer shall issue GER
tdcates in sums Of five, ten, twenty or fifty ,d dollars u.s. as may be desired
taxes and licenses due the State prior to January ], 1879. except the
taxes due the interest fund and levee fund.
Be it further ordained, That all taxes and licenses due any parish
in any valid warrants scrip or floating indebtedness Of said parish
or municipal corporation, except Judgments.
INDEBTEDNESS OF THE STATE TO ITS FISCAL AGENT.
ART l. The debt due from the State to its Fiscal Agent, being in
amount one hundred and e~ighty-seven thousand seventy-seven dol
NAV result from credits arising out of taxes due to the interest fund
since june 80, 1879, which said debt was created under the contract
made between the Board of L%iquidatorsa and the Fiscal gent under date
of twenty-fth May, 1877, and under act Nc. %, session of the Legis-
lature of 1875, is hereby declared to be a valid obligation OF the
State; and the Legislature shall, at it's first session after the adoption
of this constitution, provide for the paymento of the same; and the
Fiscal Agent shall, as a condition precedent to said payment, surren-
der and deliver to the Auditor of the State for cancellation the inter-
est coupons which were taken up and held by said Fiscal Agent at
the time of making the advances which created the said indebted
ness; but the rate of interest to be allowed said Fiscal Agent shall be
at the rate of 4 per cent per annum until the debt is paid.
LOAN BY FISCAL AGENT.
ART. l. That the Fiscal Agent of this State shall be and is hereby
empowered by authority of this Convention to negotiate a loan of
twenty-five thousand dollars or so much thereof as may be necessary,
at per cent per annum, to defray the residue of the expenses of this
Convention not provided for by the act of the General Assembl