RS 33:4144: 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 Louisiana Constitution, shall be continued while any bonds authorized by Section 4138 of this Part 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.