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![handle is hein.slavery/ssactsla0269 and id is 1 raw text is: -19
and for every two years thereafter; and in case of death or resignation
of any of said Tobacco Inspectors, during the recess of the Legislature,
the Governor shall make temporary appointments, which shall expire
at the end of the next session thereafter.
Srec. 7. Be itfurther enacted, &c., That the two Inspectors appointed
for the city of Lafayette, shall be subject to the same duties and penalties,
Duties cf In- and receive the same compensations that are established and provided
,etors at L. in this act for the Inspectors of the city of New Orleans.
SEC. S. Be it further enacted, &c., That from and after.the first day
of October next, all hogshcads or casks of tobacco, which shall be
offered for sale in the city and port of New Orleans, shall be made of
well seasoned timber.
(signed) C. DERDIGNY, Speaker of the House of Representatives.
(Sirned) 'ELIX GARCIA, rresidint ot the eenate.
9pproved, March 25th, 1514.
(Sigued) A. MOUTON, Governor of the State of Louisiana.
No. E3.-AN ACT providing for the Adjustment and Liquidation of the Debts rroper of the State
nd for other purposes.
SECTION 1. BeC it enacted by the Senate and uuSe of Rtrescutatives
of the State of Louisiana, in General Assembly convened, That the
Treasurer of the State of Louisiana be, and he is hereby authorized to
negociate, sell, transfer and dispose of a sufficient amount of the Stock
ownetd by the State, in the capital stock of the Bank of Louisiana, at not
to sell the auk less than its par value, for the purpose of extinguishing the two serics
Stockowiidby of Bonds, each for six hundred thousand dollars, issued by the State in
tha State in the
Bank of La. favor of that Bank,in the year eighteen hundred and twenty-four, one
series falling due the first day of July, cighteen hundred and foity-four,
and the other on the first day of July, eighteen hundred and forty-nine,
and to apply the proceeds arising from said sale or transfer, to the pay-
ment or extinguishment of said Bonds, in the order in which they shall
iature, or to noegociato or exchange .iaid stock, or any part thereof, at
par value, for the purpose aforesuid.
SEC. 2. Be itfurther enacted, 4r. That the Treasurer of the State
Warther duty of Louisiana be, and lie is hereby authorized to apply a sufficiet amount
of Treasurer, of the Sinking Fund now owned by the State in the Bank of Louisiana,
to the payment of a note issued by the State in favor of that institution,
for the sum of two hundred and fifty thousand dollars, together with any
accruing interest thereon, and which matured on the twenty-seventh day
of February, one thousand eight hundred and forty-four.
SEc. 3. Be it jhrther enacted, 5-c. That if the Bank of Louisiana shall
become the purchaser or owner of the twelve thousand shares of Stock
IBank of La. at. herein authorized to be sold or exchanged, within six months from the
lowed to ,ith-passage of this law, said Bank shall be permitted, and is hereby author-
draw Branches. ized to withdraw its Branches from the country, on granting to tihe
debtore of such Branches the same terms of payment granted to the
debtor. of the Branches of the Mechanics' & Traders' Bank, in an act
entitled An act to amend the charter of the Mechanics' & Traders'
Bank, passed at the present session of this Legislature, and the nnm-
ber of Directors appointed on the part of the State at present, shall be
reduced in proportion to the Stock sold or exchanged: Provided, how-
over, that the right to appoint the number of Directors on the part of the
Proriso. State, shall be vested in the Stockholders; and Provided, moreover, said
Bank shall be permitted to sell alit] transfer said Stock, or any part
tht-cof, and the capital of said Bank shall not be reduced on account of](ViewImageLocal?handle=hein.slavery/ssactsla0269&div=1&collection=&method=preview&ext=.png&size=3)