Louisiana Statutes
§ 34:42 — Certificates of indebtedness
Louisiana § 34:42
JurisdictionLouisiana
Title 34Navigation and Shipping
This text of Louisiana § 34:42 (Certificates of indebtedness) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 34:42 (2026).
Text
A.To enable said board to provide the funds necessary to build and construct such improvements, the board may issue certificates of indebtedness on such terms and conditions as the discretion of the board may determine, not to exceed two million dollars in principal at any time outstanding, secured by a mortgage on the real estate improved, or to be improved, and by the payment of the benefit assessment to be levied on the property by agreement between the land owners thereof and the board.
B.Savings banks and insurance companies are authorized to invest funds in their hands in such certificates of indebtedness and the said certificates may be used for deposit with any officer, board, municipality, or other political subdivision in any case where deposit or security may be required. Such
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Nearby Sections
15
§ 34:1002
Violations and penalties§ 34:1003
Repealed by Acts 1986, No. 960, §2§ 34:1004
Repealed by Acts 1986, No. 960, §2§ 34:1005
Privilege; communications between river port pilot and Board of River Port Pilot Commissioners§ 34:1006
Blank§ 34:1007
Repealed by Acts 1968, No. 579, §8§ 34:1008
Repealed by Acts 1986, No. 960, §2§ 34:1041
Definitions§ 34:1043
Body of pilots; dutyCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 34:42, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/34%3A42.