Louisiana capitolian., 1879-07-26

Wa WY "sssA'o "ssS sSos.'L -
or purchased by tho State or said cor
poration; and prorided tMther, that
nothing in this ordinance shall be
taken as granting any time for the
payment Of tho principal Of said taxes
and licenses; and provitled further,
that interest shall accrue and be col
lectcd on the principal Of said delin-
quent taxes and licenses ut the rate
Of eight per cent. per annum from
January |, 1880; and oil said taxes
and licenses paid a discount Of ten
per cent. per annum shall be allowed
from the date Of payment to January
l, 1881.
Be II further ordained, etc., Thatall
taxes due the State prior to January
/, 1873, may be paid as follows:
/. That portion Of said taxes and
licenses due the general fund and all
other funds, except as hereinafter
provided, in any valid Auditors war
rants outstanding at the date Of the
adoption Of this constitution, except
all warrants issued prior to lst Janu-
ary, 1874, to lst Of January, 1875, for
other purposes than for salaries Of
constitutional officers or for the sup
port Of charitable institutions for the
year 1874.
That at the option Of the holders Of
any Of said warrants, the said war
rants may he funded in bonds Of the
denomination Of five dollars, with in
terest coupons attached thereto, ut
the rate of ! per cent. per annam in
terest from tile lst day of July, 1880,
the said bonds to be due and payable
six years after the lst day Of January
1880, tho said coupons being payable
at the State treasury on the first day
Of February and August Of each year.
All moneys received in the treasury
for all taxes and licenses due the State
prior to the first day ofJanuary 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 sinking
fund to redeem tho same. The bonds
above provided, and interest coupons
shall also be receivable for amounts
due tho State for the redemption or
purchase ofproperty, which has been
forfeited or sold to the State for delin-
quent taxes and licenses Of any of tho
years named in this article. The
bonds SO issued shall be receivable for
the said taxes and licenses and the
obligations Of the public charitable
institutions Of the State given for the
purchase Of necessary supplies Of food,
clothing, medicine, and hire Of en-
ployees.
2. That portion Of said taxes and IL
censcs due the interest fund, subse-
quent to January, eighteen hundred
and seventy-four, in any maturcd
coupons issued by the State since that
date.
3. That portion Of said tax dne the
levee fund since the year eighteen hun
dred and seventy -one to the ycarcfgh-
teen hundred and soventy-six, inclu-
sive of both years, in any valid war.
rants issued by the Levee Company
and Endorsed by the Auditor and
Treasurer of the State as follows:
"Receivable for levee tax due from
eighteen hundred and sevcnty-One to
eighteen hundred and seventy-six, in
elusive; and the Auditor and Treasurer
are hereby authorized to 80 indorsc
warrants issued by the Levee Com
pany, as provided above, to an
amount sufficient to cover the
balance due on the judgment covered
by said company, in the case entitled
Louisiana Levcc Company VS.. the
State of Louisiana. No. 7l63, in the
Supreme Court of Louisiana.
Be 1t further ordained, etc., That no
Auditors warrants shall be taken as
valid for the purpose Of payment of
taxes and licenses or funding herein
before prescribed until the same shall
have been examined by the Auditor,
Treasurer and Attorney General Of
the State, and indorsed by them as
valid. Said warrants when so in
dorscd may be surrendered to said
officers and by them registered and
Cancelled, and in lieu thereof said Au-
ditor shall issue certificates in sums Of
five, ten, twenty or fifty dollars, as
may be desired by the holder OF said
warrants, which shall be receivable
for all taxes and licenses due the State
prior to January l, 1879, except the
taxes due the Interest fund and levec
fund.
Belt further ordained, etc., That all
taxes and licenses due any parish or
municipal corporation prior to Jan
uary the first, eighteen hundred and
seventy eight, may be payable in any
valid warrants, scrip or floating in
dcbtcdness Of said parish or munich
pal corporation, except judgments
Substitute for article No. 8 or ordi-
nance 1886, reported by Committee on
Taxation, Equalization, Exemptions:
ART. 3. The General Assembly shall
have no powerto release or extinguish,
or to authorize the releasing or extin-
gushing, in whole or in part, the in
debtedness, liability or obligation Of
any corporation or individual to this
State, or to any parish or municipal
corporation therein; provided, the heirs
to confiscated property may be re-
leased of all taxes due thereon at the
date Of it's reyersion to them,