RS 33:4131 - New Orleans; continuation of board; application of proceeds The Board of Liquidation, City Debt, as now organized and created, and with the powers, duties and functions prescribed by existing laws and by the constitution, shall be continued while any bonds authorized by R.S. 33:4125 are outstanding and unpaid, and all taxes which may be levied for the payment of said bonds, shall day by day as collected be paid over to said board and shall by it be applied in payment of the principal and interest of said bonds. Added by Acts 1976, No. 167, §1.
Louisiana Legal Code