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ACT NO. 54. AN ACT To regulate the oyster industry of the State of Louisiana, by recognizing and declaring the ownership of the State to all water bottoms or beds of streams, bayous, lagoons, lakes, bays, rivers and canals, along the coast of the Gulf of Mexico, within the jurisdiction of Louisiana, by prohibiting their alienation in fee simple, by recognizing and declaring the ownership of the State in and to all oyster growing thereon by limiting the riparian owners to ordinary low water mark; by providing for the leasing of the oyster lands of water bottoms belonging to the State; by recognizing leases already made on the same, by providing for the licensing, registering and designation of vessels employed in the oyster industry, by levying a special assessment or privilege tax on oysters taken from Louisiana waters and a license tax on persons, firms or corporations, and vessels engaged in the oyster industry; providing the manner of collecting, handling, depositing and disbursing the revenue derived therefrom ; by providing for the protection of natural oyster reefs, and the designation of oyster preserves; by providing the manner of shipping or taking oysters out of the State; and by providing such other rules and regulations necessary to properly carry out the purposes of this act; by providing penalties and forfeitures for the violations of this act; repealing Act No. 52 of 1904 as amended by Act 178 of 1906, Act 167 of 1908, Act 291 of 1908, Act 189 of 1910, and any part of Act 127 of 1912 in conflict herewith.
Approved: July 1st, 1914.
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ACT NO. 112. AN ACT To amend and re-enact Article 440 of the Code of Practice of the State of Louisiana.
Approved: July 7, 1914.
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ACT NO. 176. AN ACT To provide for the issuance of a first mortgage bond on rural properties in the State of Louisiana, to be known as the Rural Mortgage Bond. To provide for the method of their issuance, maturity and payment; to fix the rate of interest on said bond; to secure the same by mortgage and chattel mortgage upon property affected; to institute the Sheriff of the parish where the property is situated, the mortgagee and trustee for the bond and to act for the bondholders under certain restrictions; to provide for the making of certain trust companies co-trustees under certain specified provisions; to define the powers and duties of Sheriff and Clerks of Courts in the various parishes in relation to this kind of bond; to provide a method of procedure to enforce the conditions of the contract and bond without resort to the courts, and to provide for the collection of the principal and interest in a summary manner without foreclosure proceedings and to vest in the Sheriff certain authority and certain obligations to fulfill the conditions of the bond and mortgage contract; to provide that certain bonds issued under the conditions of this act shall be a bond enforcible only against the property itself without incurring personal responsibility by the party issuing bond, or by mortgagor; to provide penal- ties for the violation of the conditions of this act.
Approved: July 9, 1914.
