Terms Used In Louisiana Revised Statutes > Title 3 > Chapter 28 > Part III - Acreage Tax On Forest and Cut Over Lands

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Board: means the Louisiana Rice Research Board. See Louisiana Revised Statutes 3:3541
• Buyer: means any person who purchases rice at the first point of sale only. See Louisiana Revised Statutes 3:3541
• CCC: means the Commodity Credit Corporation. See Louisiana Revised Statutes 3:3541
• City: shall mean the City of Alexandria. See Louisiana Revised Statutes 11:3002
• Collection: means collecting and refunding the assessments. See Louisiana Revised Statutes 3:3541
• Commissioner: means the commissioner of agriculture for the state of Louisiana. See Louisiana Revised Statutes 3:3541
• Donor: The person who makes a gift.
• Employer: shall mean the City of Alexandria or any of its departments and agencies from which any employee receives his compensation. See Louisiana Revised Statutes 11:3002
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Handler: means any person engaged in the business of handling rice. See Louisiana Revised Statutes 3:3541
• Hundredweight: means one hundred pounds, excluding tare. See Louisiana Revised Statutes 3:3541
• Miller: means any person engaged within or without the state in the operation of milling rice. See Louisiana Revised Statutes 3:3541
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Person: means an individual, partnership, firm, corporation, association or other business unit. See Louisiana Revised Statutes 3:3541
• Producer: means any person who receives a share of the proceeds from the sale of rice produced in this state. See Louisiana Revised Statutes 3:3541
• Retirement Allowance: shall mean an annuity for life, as provided in this Part, payable each year in twelve equal monthly installments beginning as of the date fixed by the Board. See Louisiana Revised Statutes 11:3002
• Rice: means all marketable green and rough "paddy" rice produced within the State of Louisiana for milling, seed or other commercial purposes. See Louisiana Revised Statutes 3:3541
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• System: shall mean the City of Alexandria Employees' Retirement System established and described in Louisiana Revised Statutes 11:3002