Louisiana § 41:724 Disposition of moneys collected

Louisiana Statutes

§ 41:724 — Disposition of moneys collected

Louisiana § 41:724

Title 41Public Lands

This text of Louisiana § 41:724 (Disposition of moneys collected) 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. § 41:724 (2026).

Text

The attorney shall receive ten per cent of all moneys collected by him on notes given for sixteenth sections, and after deducting the ten per cent he shall turn over the remainder to the treasurer of the school funds, for the parish in which the lands are situated. The treasurer shall transmit the moneys through the State Auditor, to the State Treasurer. Any moneys thus received into the state treasury from the collections, shall bear interest at the rate of four per cent per annum, and shall be credited to the township to which the moneys belong.

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The attorney shall receive ten per cent of all moneys collected by him on notes given for sixteenth sections, and after deducting the ten per cent he shall turn over the remainder to the treasurer of the school funds, for the parish in which the lands are situated. The treasurer shall transmit the moneys through the State Auditor, to the State Treasurer. Any moneys thus received into the state treasury from the collections, shall bear interest at the rate of four per cent per annum, and shall be credited to the township to which the moneys belong.