The New Orleans daily Democrat., 1880-04-12
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debtedness and ascertain Its amount, and
to provide for the payment OF tho prinoi-
pal and interest thereof by special tax for
that purpose, and to limit the rate Of In.
terest on said indebtedness. Due and
legal notice having been given, as pro-
vded by article 49 Of the constitution OF
Louisiana, of the intention to apply for
the passage Of this act, therefore,
SECTION /. BE ii enacted bu The General Az
semtly Of the Stnte Of Louisiana That the
police jury of the parish OF East Feltcthna be
and they are hereby authorized to fund the
outstanding indebtedness Of said parish, to
an amount not exceeding twelve thousand
dollars. by Issuing bonds of the parish there
FOR, maturing In not less than live nor more
thnn twenty years from the date OF their Is
suanee, at the ratio of not more than sixty
cents on tho dollar of said indebtedness, and
to bear interest at such a rate, per annum,
not to exceed five per cent, nor less than
three per cent, as said police jury may deter
mine.
SEQ. 3. BE IL further enncted, eic., That all
claims against said parish shall be submitted
to board of audit, composed OF the pfesl-
dent of the police jury and two freeholders,
citizens of said parish, to be elected by said
police jury. That each member OF said board
shall take an oath before entering upon the
discharge Of his duties IA member thereof
to faithfully perform the same; TO designate
for funding all such debts rs are legal and
| valid In law, and tn reject ali others
SEQ. .. BE 10 further enacted ETC.. That In
case the police jury of said parish accept
the PROVISIONS OF this act by passing an ordi-
nance to that effect. the members of said
board Of audit shall, at time and place to be
| fixed by said ordinance, meet and take the
oath prescribed, and proceed TO the auditing
and adjusting the claims against said parish.
SEQ. 4. BE IL further enacted. etc., That said
! | hnard nf audit shall organize by elenting one
| OF their own members president, and shall
| also select some suitable person to act as Sec
| rotary of the board. and that said secretary
shall take an oath to faithfully perform the
| duties Incumbent upon him rs such. Two
| members of said boerd shall constitute o
quorum for the transaction OF business; and
all cases In which the two members present
cannot agree shall be laid over for action TO
be held thereon by full board In case
vacancy occurs In said board IL shall be filled
by the police jury Of said parish.
SEQ. B. Be Il further enacted, etc, That when
organized, said board OF audit shall give
notice, by advertising thirty days In 81 news
paper published In said parish, OF the time
and place at which they will begin the work
time Of their regular nesting. They shall
also give notice In said advertisen ent that,
Within three months from the time OF their
first nesting, the work OF auditing WILL close,
and that ali creditors OF the parish, whose
claims have not been presented within the
time designated, will not be audited or
funded.
SEQ 6. BE IL further enacted etc. That said
Board OF Audit shall keep In book or books
O. complete register of ell claims audited,
showing the nature, date, amount of the
claim and name of the holder which shall be
numbered In the consecutive order In which
they are audited; and similar register OF all
rejected claims shall be kept, with All accurate
index OF each.
SEQ. 7. Be ii further enacted. ETC., That any
person aggrieved by the rejection OF any
claim may establish Its validity oontradlo-
torily with the parish; and any taxpayer Of
said parish may institute suit before com
petent court, In his own name, to contest the
validity OF any claim audited; propided, said
suit shall be Instituted within thirty days
from the date said board closes the work OF
auditing, and In case the decision OF the court
shall be adverse to the validity OF the claim,
the same shall not be funded.
SEQ 3. BE IL further enacted, etc, That
after the expiration OF four months from the
time when said board shall have commenced
the work Of auditing, said board shall proceed
to Issue bonds for the debts audited In favor
of the creditors Of the parish, which bonds,
with interest coupons attached, shall be
furnished by the police jury, and be for sums
Of twenty-five, fifty, one hundred, two hum
dred. three hundred, four hundred. five hum
dred and one thousand dollars; said bonds
shall be- signed by the president OF the police
Jury and countsrsigned by the secretary of
the board OF eudit: but said bonds shall only
be issued by the sanction OF said board and
under the i'm mediate s,Ipervlslon thereof.
SEQ. Q. BE ii further enncted, ETC., That the
said bonds shall be numbered In the consecu-
tive order In which they are issued, and shall
be registered In we'll bound book. which book
shall also contain an accurate record of the
debt or debts for which said bonds shall have
been issued; and said book shall be deposited,
together with all the other books of said
board OF audit, with the parish treasurer,
after the completion oil the labors OF the
board.
SEQ. 10. Be IL further enacted. etc., That
In case the right to fund any cIaim under the
provisions OF this act is contested In the
courts and the final decision shall be In favor
of the validity of the claim. the board OF
audit shall proceed to Issue bonds for the
same. as II no contest had taken place. and
shall preserve their organization for that pur-
pose until all such suits shall be decided.
SEQ. II. Be 1t further enacted etc, Ihat
ali bonds issued under the provisions of this
act shall bear date OF the day, month and
year IL which the first bond Is issued, and
draw interest, payable annually In currency,
on the first day OF January Of each year.
SEQ. 70. Be II further enacted. ETC.. That the
police jury OF said parish are hereby author
lied and required to levy annually special
tax, to be paid In currency, In addition to the
other parish taxes Of two mills. to pay the
interest promptly on said bonds rs the same
sufficient In amount to insure the payment of
the principal OF said bonds at maturity; that
the fund thus created shall be held as O
special fund, sacred for the purposes for which
it Is created, and under no circumstances
shall any portion thereof be applied to any
other purpose; prouided, the two mills so
levied does not Increase the parish taxation,
for all purposes whatsoeveE beyond ten mills,
as provided In article 209 W the constitution.
SEQ. 13. Be it further enacted, etc., That
the members Of said board OF audit, and the
secretary thereof shall receive such eompen-
sation for their services In funding said
debt, MS may be provided by the police jury
OF said parish. ...
r.. N. OGDEN,
Speaker OF the House OF Representatives.
y. d. MCEN ERY,
Lieutenant Governor and President OF the
Senate.
Approved April 10, 1880.
LOUIS A. WILTZ,
Governor OF the State OF Louisiana.
A true copy:
WILL. A. STRONG,
Secretary Of State.
No. 1861 AN ACT
Relative to the powers and duties OF clerks OF