Louisiana Statutes
§ 42:198 — Special mortgage may be substituted for bond; appraisal
Louisiana·Title 42 Public Officers and Employees
All public officers commissioned by the governor, who are required to give bond, may give a special mortgage on property situated within the parish in which they respectively exercise their functions. The mortgage shall be accepted by the persons appointed by law to accept the bond.
The public officer proposing to mortgage property shall exhibit his title and a certificate of mortgages, to the persons authorized to approve the bond, who shall cause the property to be appraised, and not receive it unless it is double the amount of security required, after deducting all mortgages. The persons taking the mortgage shall cause it to be inscribed in the office of the recorder of mortgages, as required by law.
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Nearby Sections
15
§ 42:1
§ 42:1§ 42:1001
§ 42:1001§ 42:1002
Definitions§ 42:1003
Federal-State agreement§ 42:1004
Contributions by state employees§ 42:1005
Plans for coverage of employees of political subdivision and of state and local instrumentalities§ 42:1008
Rules and regulations§ 42:1009
Studies and reports§ 42:1010
Referenda and certification§ 42:1051
§ 42:1051