| From the New Orleans Daily Crescent |
| |
| March 26, 1861 |
| |
| Official Journal of the Convention of the
State of Louisiana |
| New Orleans, Saturday, March 23, 1861 |
| ***** |
| Yeas, 53; nays, 40. |
| Consequently the said
ordinance was adopted, and is as follows, viz: |
| An Ordinance to authorize the Legislature
to issue the bonds of the State as provided for in article 109 of the
Constitution, in such amounts as not to exceed six thousand dollars
for every mile of graded road within the State of Louisiana, in which
the iron is not laid at the time of the issuance of the bonds,
provided the amount subscribed by the State in any railroad company is
not hereby increased. |
| Be it ordained by the
People of the State of Louisiana, in Convention assembled, That,
whenever any railroad in which the State is now a subscriber shall
have a section of five or more miles graded within the State, upon
which iron shall not have been laid, the Legislature may cause to be
issued to the said railroad company bonds of the State, in payment of
its subscriptions, to the extent of six thousand dollars per mile of
road so graded; provided, however, the amount issued shall not exceed
the amount remaining unpaid upon its subscription at the time of
issuing the bonds. |
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