The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1884-03-01
L A w s
-OF THE
STATE OF MISSISSIPPI.
PUBLISHED 81 AUTHoEIrr.
[coNTISUED FROM FIRST PAGE.l

ION IN bkD FHOI IlEtol fAuBs
them, and said bonds and any OF them
may, upon forfeiture, be put in suit and
prosecuted from time to time, in the
name and for the use Of said board.
SEC. T. Be it further enacted, That
the salary Of all officers, agents
and employees OF said levee board shall
he fixed bv said board, and such salaries
and all other expenses incurred by said
levee board in carrying into effect the
provisions Of this act, shall be paid out
Il any funds raised under this act
Provided, the salary Of the Treasurer Of
aid board shall not exceed the sum Of
swelve hundred dollars in any one year.
SRc. g. BE it further enacted, That
the Board of Levee Commissioners for
the Yazoo- Mississippi Delta shall hold
their regular meetings at their domicil,
which is hereby declared to be the county
seat of Tunica county, on the first Mon
days in July and January in each year
and Mt such other times as they may
appoint and as often as they may be
called together by the president, on
notice 10 be published id Some newspa-
per in said district for ten days,an also
by written notice mailed to each member
Of the board by the president or secre-
tary. Each commissioner attending q
meeting Of said board shall be entitled to
five dollars day for each day of atten
lance and five cents a mile in travelling
to and from the place of said meeting,
estimating said distance by the nearest
usual travelled route, TO be paid out
the levee fund on the order Of the pres
ident, countersigned by the secretary.
And at each of said meetings n majority
Of the members of said board shall con
stitute a quorum for the transaction OF
business.
SEC. 9. BE it further enacted, THAI
or the purpose of building, rebuilding
repairing, constructing and maintaining
aid levees, and to enable them to carry
nut the purposes and provisions Of thi.
Jet, the said Board Of Levee Commits
,ioners for the YaZoo-M Mississippi Delta
shall have power to issue the bonds OF
aid board for an amount of money no.
exceeding five hundred thousand dol
nrs, such bonds TO be in such sums and
denominations, not less than one hun
bred dollars EACH as the said board may
prescribe, which bonds shall be signed
nv the president, and countersigned nv
the secretary Of said board, and be
made payable to the person or persons
to whom sold or bearer, or learer sim
ply, at the discretion of said boards in
not less than twenty years after the first
day of March, 1884, at any place within
pr without the limits of this State; and
shall bear q rate of interest not exceed
ing eight per centum per annum, for
which interest coupons may be attached,
,avable at such time and place MS the
board may contract. And no such bond
80 issued us aforesaid shall be valid or
binding on said board or district until
the same be endorsed by the treasurer
n writing that he has duly registered
1aid bond to the owner thereof as here
matter provided Upon such registry
and endorsement by the treasurer. said
bonds shall then and not till then be
held fully executed, and shall thereupon
be negotiable as promissory notes and
bills OF exchange, and may be sold and
negotiated in any market in or out of
this State, Mt not less than their par
value. Said board shah fix a place or
nIaccs for the payment of the principa
md interest on said bonds, The treas
lrer Of said beard shall keep faithful
md correct register, showing the date,
etter, number, amount and place of
payment, and to whom issued or paid
OF all the bonds issued, sold or used, and
shall keep the same kind of an account
Of all the bonds paid, received or taken
up by said board, showing when and to
whom payment was made, when and
| from whom each such bond was received
or taken up and on what account, and
no bond or coupon so paid, received OF
taken up by said board shall again b
used or reissued, but every such bond OF
coupon shall promptly be cancelled BY
said treasurer and punched with an in
strument suitable for that purpose. The
treasurer shall at the same time note on
the original register hereinbefore re.
quired to be kept by him, the fact of tn
payment, surrender or cancellation of
each bond or coupon he may take up
and the bonds and coupons taken up BY
said treasurer, after cancellation, shall
carefully be preserved by him as vouch-
ers in his settlement with said board
and, after the due allowance of the same
in settlement by said board, the presi
dent thereof is required to receive the
same from said treasurer, and thereupon
he shall burn the coupons so received to
ashes in the presence of said board, and
shall dep,sit and file the cancelled bonds
IN the vaults of said board to be pre-
served AS a part of its records. The
minutes of said board are Furthermore
required fully to show its date, letter,
number and place of payment and to
whom issued and paid of each such bond
so deposited and filed, and coupon so
destroyed as a check on the register re
quired to be kept by the treasurer. All
monies borrowed or arising from the
negotiation or sale of any of said bonds
shall promptly be paid into the treasury
of said board, and shall constitute a
levee fund 70 be used and applied to
carry into effect the object and purposes
of this act
SEC. 10. BE it further enacted, That
the secretary of said board shall upon
order Of said board, cause said bonds
to be Autographed with such de-
vices for naturalization aud to prevent
imitation, as said secretary shall think
proper; and he shall register said bonds
IN hA.N l. h. g. -