The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1908-08-29
ACT No. ll6.
Senate Bill No. ll6. BY Mr.. Noegtle.
AN ACT

w '"N'>' '
define the order or RANK VI P"'
ment OF sald bonus ouV Vi '''
taxes dedicated 10 lha' Pun po'0'
anu |" Proii'"'' NV " > '.,,,,a.i,,,.
o. OoioS ln'e' ~ '''2 80. " ia Lond2
III Vi"'i " "lIN ..p.,1,
ana TIE oO''' ''ip. r0fn'o ~,
l'Hue'' oi'0'i az. ,ooa ave. ,,,..,,,a,.;1o
u" 'oeS9ioi' VI '''' WV. ~. ,,ll,,la -
lo'' 'ii' ''''.''r'''>.'' t.f,,,a
'llc 9t"'' " ''"''''' ,''1'. ,,atit,.;,,u
S'l'u''0i'''i ,,a',,.a,
tHe Hi'''ii'. "''0''" .,. :, .aia
ll0i'l' II w 'N',' ~ ~.
1NI' 4.'' ''' ,...1..~,,t ,a+;f,i,o
''''.'','','
" heftdS' "''' lo''', VI ''',''
bteh pu"tt7tte" III 'i'' ''''!, -
OrIeaIi' 'o' ii'oi' '''".i VIZ, -.
prior !" i'' i''i ','"> 'l0'
Neherai -NSne'''"'?' "'>' .,..,..
oehce 'Iere"' mas 'V,' All,
the Ne''er"' ->''7'''"'' y "''>'
Whereas, OWING TO the increase III Vic
rates Of interest since the adoPttoh
Of Act NO. ~ OF the ActS Oh l'oo'
the $4,000, 100000 OF bonds o. 'ile
City OF New Orleans authorized 10
be issued by that Act cannon DE
sold as provided III SAD Act, ana
Whereas, some misunderstanding mas
arisen as to the order OF payment
of the principal andlntereSt OF "ald
bonds ont of the surplus OF 'he
one per cent. debt tax ana the TWO
mill special tax.
Section / BE il enacted bV the Cen
eraI Assembly of the State of Louisi-
ana, That the Board of Liquidation Of
the CITY Debt, which is charged by
Section , Of Act - of the Acts of 1906.
with the duty of selling the $1,000, 600
of New Public Improvement Bonds Of
the CITY Of New Orleans. shall have
power in selling the first four millions
of said bends to allo" 10 'he puf-
Chasers thereof commission or de-
ducllon not to exceed SIX per CENT Vne
am )mt of said commission or deauc-
ton to be part OF Inc Dlo Oh 'he por'
chassrS for sad bonds, ana the bohas
to be adJudlcated to the best bidaef III
price. not however below par anu W.
crued interest, coupled WIN the ledSU
COMMISSIONS ana PROVIDED VllaV VIC
second lour lhlilloii" ol S@lo ooiioa
canhoI DE sola Us h l'. prov l''e'' i'ii
allowance o. ti'o Sata commission VI
deductioh except viii tfie 'oif'eif' 81
the Clty Uouhcli eAPreSseo u! "li oi''''
nance aoopVeo ~ " SoVe VI v"o-V '''i 70
Oh us inehloerS' anu "lso wiz. 'i,0 WIZ
Sent ol Vi'e no"ro VI i1lq "io'''oi' VI
Iile cl'S "eol' oAi''eo'0" ~ " '0'''"
''"" 81 S""t ''"' !"
Section = BE 1t further enacted,
ETC., That in order to make clear and
indisputable the order or rank OF pay
ment out OF the surplus OF the one per
cent. debt tax and out OF the TWO mil
special tax or the pflhclPai ana III
tereSt OF the SS,0o0,Woo.00 or New Ptb-
lie Improvement Bonds or the tlly OF
New orleans authorized 10 oe lsSueu
under sad Act NO. ~ OF the Acts OF
l9oO, II Is hereby declared that the
surplus OF Ihe one per cent ueht TAX
ana the TWO htti Speciai tax up 10
July lst, 1917, are FIRST dedicated To
the payment OF the SlZ,ooo,ooo.o Oh
Pubhc Improvement BONDS OF the
CITY or New Orleans issued ana Solo
u'i"ei '''' r w ,'l''', y, 80, NV ''', VI
'i,1 i'>''" ''''''"" VI i'""' ""' '''.' 10.
0'' '''"' '''l'' ,'' VI WV ~, - 40 W ." ~
oiie pei 'eii'' ''0'' '"N '''',' VI '"l0 WV
49,. Dal 'peN '"' '"A '''lo Il ~ ''"' i''
Low, "''o' p ~ l'''"S ~, :. VIZ p"' 'DN i