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Louisiana · Through 2025 First Extraordinary Session

RS 38:440: Courts may enforce payment of principal and interest

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Where this section sits in the code
  1. TITLE 38. PUBLIC CONTRACTS, WORKS AND IMPROVEMENTS

In case for any cause it becomes necessary in order to enforce payment of the principal or interest of the bonds, any court of competent jurisdiction, at the joint or separate suit of any holder or holders of the bonds, shall require the tax collectors of the respective parishes of the levee district or levee and drainage district, under the direction and orders of the court, to proceed to levy and collect taxes and local contributions levied in R.S. 38:439 and to pay the amount so collected into the state treasury. The amount so paid shall not be used for any other purpose than to pay the interest and principal of the bonds.

Collected 2026-09-14T04:59:28Z. Source file · JSON

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