The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-01-19

ferred to the Committee on Pubic and Pri
vate Land Claims.
Mr.. Lyons called for the special order O
the day,
Which. on Mr.. Cordill's motion, was post
poned until after the call OF committees.
MESSAGE FROM THE GOVERNOR.
| EXECUTIVE DEPARTMENT,
State OF Louisiana.
| New Orleans, January is. 1879.
To the Honorable the Senate and House oil
representatives in General Assembly con.
/ have the honor to submit herewith ac-
counts OF my disbursement OF Governors con-
tingent fund; also, account Of disbursements
OF militia fund under appropriation In act No
~, approved March 80, 1878, and unexpended
balance under appropriations In act No. SO,
| April 81, 1877.
| The vouchers for expenditures are held SUBJ
ject to your inspection whenever called for.
very rsSP FsaH6is T. NICHOLAS,
Governor.
| The communication was received and re-
ferred to the Committee on Appropriations,
| with accompanying papers.
Speaker Moncure. ex-off1cio chairman of the
Com mittee on Rules, submitted the following
report which was read and adopted:
House OF Representatives:
The Committee on Rules, to which was re-
ferred a resolution ITO amend Rule 35 OF the
House," respectfully report that in the
opinion OF the committee the amendments
proposed are judicious and proper. l am in
structed by the committee, as It's chairman,
to recon mend that the resolution do pass,
j. q. MoNCURE,
Speaker and ex-OfficiO chairman.
The resolution offered by Mr.. Ryland to
amend Rule IS, of the House. having been IA
vorably reported upon by the Committee on
Rules, was taken up, and, under suspension
Of the rules,
On the motion Of Mr.. Ryland, was adopted
Mr.. Bower from the Committee on City
Affairs submitted the following report:
NEW ORLEANS, January IT, 1879.
To the Honorable Speaker and Members of the
House of Representatives:
Your committee to whom was referred
House bill No. AZ, entitled
IAN; act t., provide. for the Mu-
ceipts and expenditures of the city of New
the destination OF appropriated funds. max
ing such change penal, providing for the
order OF paying claims appropriated by ordi-
nances and attaching penalty to a violation
~.
have instructed me to report favOrably on the
same.
E. l.. BOWER, Acting Chairman.
The report was received and adopted,
Mr.. Potts, chairman Of the Committee on
Railroads, submitted the following report:
Rooms COMMITTEES ON RAILROADS.
January 16 1879. I
To the Honorable Speaker and Members of the
House OF Representatives:
The committee to which was referred
House bill No. IA, entitled
San act to amend and re-enact section of
act approved March 81, 1878. entitled An act
New Orleans and Pacific Railway Company
Beg leave to report that after conslderineI'
the said bill 1t was unanimously decidd In
report favOrably upon the bill, and to,ecou,-
mend its adoption by the hOnoratl House |
and the chairman was directed b go INFORM
the House.
=. /. PORTS,
Chairman COMMITTEE on Railroads.
On motion of MI .Rull5sses the above entitled
House '. u Vas ordered to be printed in the
BURIAL.
House bill No. IA,
AN act to amend and re-enact section
of act approved March II, 1878, An
act to authorize the loan of State bonds
to the New Orleans Pacific Railway Com
pany; to provide means for the payment
OF the principal and interest; to autho-
rize the company to make its mortgage
bonds and secure them by a first mort
gage Of present and future property;
to provide a pledge OF said mortgage
bonds to the State, and the term thereof, {
and to regulate the use of the proceeds
Of said State bonds" II
SECTION /. BE 1t enacted by the Senate and {
louise of Representatives. of the State of Lou
a LEG /
ection OF act approved March H. 1878, en-
tiled IAN act to authorize the loan of State
Onds to the New Orleans Pacific Railway 6
company; to provide means for the payment ;
the principal and interest; to authorize the
ompany to make its mortgage bonds and !.
ecure them by a first mortgage of present |
nd future property; to provide pledge OF y
aid mortgage bonds to the State and the l
roceeds of said State bonds" be amended
nd re-enacted so as to read as follows: q
o provide for and guarantee the prompt
ayment OF the interest on said bonds
5, it shall mature and of the princi a
spiration of the period during which they =
re to run. The New Orleans Pacific Rail- /
ay Company shall deposit with the Auditor
Public Accounts, and pledge to the State n
n that purpose, Its second mortgage bond, a
'cured by second mortgage of all its prop
'ty, real and personal, both present and
ture, and whether now constructed or here Il
ter to be built, and subject to and to rank Il
ter the first mortgage now subsisting upon
lid property, said first mortgage not to
lceed five millions of dollars, and after all e
Ems and privileges thereon now existing, n
which may exist when said second =
or gage herein provided for is executed,
lch deposit and pledge shall be of an amount
lceeding, In each case by one-fourth, the b
mount OF State bonds delivered to said COM a
any. The said company on resolutions Of
8 board OF directors is authorized to make
lch mortgage, and the same shall cover and
feet as second m ortgage and subject to and
mixing, after all liens and privileges as be-
re expressed, all property Of said company,
neither real or personal. present or future, Il
neither now constructed or hereafter q
instructed. The amount of bonds secured
said mortgage shall not exceed two and a
alf millions Of dollars it being intended
at the same may be pledged to the State p
oresaid: The said mortgage bonds shall Il
i've forty years to run, shall bear interest at
K per cent per annum, shall have semi-an-
lal coupons attached, shall fall due ninety