The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1884-03-01


ring or negotiating any bond or bonds
for an amount less than authorized by
the terms Of said ninth section, shall be
deemed guilty Of q felony and upon
conviction thereof shall be punished by
imprisonment in the penitentiary Tor
not more than five years and not less
than one year. But no such wrongful
action on the part of said board, it,
members, officers or agents, either in
wrongfully selling, transferring or ne
gotiating such bond or bonds at les,
price than the limit fixed in this act, or
in wrongfully pledging or depositing
the same, shall in any manner affect the
validity of any bond or coupon issued
under this act in the hands Of bona
fide holder thereof. And it shall also
be unlawful for the Board of Levec
Commissioners, or any officer, member
or agent thereof, to receive, take or hold
within this State for any bond or cou
pom issued under this act, any sum OF
amount Of money less than the face val
ne Of said bond or coupon, and any VIC
lation Of this clause shall be deemed q
felony, and the party or parties so VIC
lating, upon conviction shall be pun.
ished by imprisonment in the peniten
tiary for term of not more than five
years nor less than one year
SEC. II. BE it furtherIenacted, That
the Board of Levee Commissioners shall
not enter into any contraction having the
levee work performed, specified in thu
fourth section of this act or for an,
other purpose unless such board shall
at the time of entering into such con
tract. have at its disposal a sufficient sun
in lawful money Of the United States to
pay in full the obligation assumed by
the board under such contract; it being
the intention of this act that said boarC
shall first get into the hands of th
treasurer sufficient sum in cash T.,
meet its obligations for levee work
materials, etc, under any given contracl
at or before the assuming of any such
obligation.
SIC. 10. BE it further enacted That
for the purpose of paying the bonds and
coupons issued, negotiatedo or sold by said
board as herein provided, and any other
Indebtedness or liability, legally con
tracted by said board, an ad valorem
tax of thirteen (l3) mills on the dollar,
upon the assessed value of all property.
real and personal, in the front counties
of Tunca and Coahoma and that part
of DeSo'o included in said levee district,
and similar tax of nine mills on the
dollar upon the assessed value of all
property, real and personal, lying and
situated in the remaining or back coun.
ties and parts of c0un. les embraced in
said levee district or so much thereof
as may be. necessary is hereby levied
and assessed for each and every
year, until all of said bonds and interest
and other Indebtedness is fully paid. The
assessment for said ad valorem tax shall be
the regular assessment made by the asses
sors of the several counties in said Levee
District, from time 10 ti.he. for the collec-
ton of the State tax "a the same shall ap.
pear upon the assessment rolls of said
counties. and all property in said Levee
District subject to State tax shall likewise
be subject to said ad valorem levee tax,
and the said levee tax shall be lien upon
the prosperity of the taxpayer from the
same time and to the same extent, and in
the same manner as State taxes, and the
same shall be collected by the regular tax
collector of the several counties in said
Levee District, at the same time aud in the
same manner and under the same laws that
they may collect the State tax, just as if
said ad valorem tax of thirteen mills and
nine mills was a part of the State tax, for
the several years in which the same is col
lected and in case of default in the pay
ment of said levee tax. like proceedings
shall be taken by the collectors rs in case
of the default in payment If State and
county taxes. The collection of said nd
valorem levee tax shall commence at the
next regular taxpaying time after the pas
sage of this act. Tax collectors shall not
receive from any taxpayer in said Levee
District, the State and county tax unless he
also pays at the same time, in current
money, said ad valorem tax of thirteen
mills or nine mills, according to location;
nor shall they receive said Ievee taxes I'M
less the State and county taxes are paid
also; and the coupons of the bonds issued
under this act shall not be receivable for
any of the taxes herein provid for; Pro
vided. That should the bonds of said Board
of Yazoo- Mississippi Delta District not be
Aoated by the 18th of 0ctobr, 1888 1, and the
money raised thereon, then no taxes under
tn act shall be collected, until such bonds
shall have been foated.
SEC Ii. Be it further enacted, That for
the purposes of this act, the property of all
railroad companies, and other corporations
81 ind hnt al nd al l.s,,,
situated and being within the limits of said
Levee District, shall be taxed just as the
property of individuals ia herein taxed, &C.
cording to its location, any'exemption from
taxation, donation of taxes, or other such
provision contained in the charter of such
railroad company or other corporation, or
in any law heretofore passed by the Logis-
lsture to the contrary Notwithstanding; and
said ad valorem tax of thirteen mills, or
nine mills, ON the dollar according to loca-
ton, is hereby levied and assessed upon all
the property of such railroad companies or
other corporation; an | the tax collectors of
the counties wherein the same may be sit
uated shall collect said tax and pay the
same over to the treasurer Of the Levee
Board; and said railroad companies, or
other corporations, shall pay the said ad
valorem tax in the same funds that indi-
viduals are required to pay the same.
Said rilroad companies or other cor
porations, shall, on or before the first
day of June, 1854. through their authorized
agents, give in to the assessors of the coun-
ties in which their property is situated, a
list of all their property in such county,
and value the same under oath. as individ-
nails are renuired by law TO do and tho Ms