Louisiana Revised Statutes 33:2952 – Ordinance authorizing subscription
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Terms Used In Louisiana Revised Statutes 33:2952
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
All ordinances passed for such subscriptions shall contain the following provisions:
First.–A statement of the number and amount of shares proposed to be subscribed.
Second.–The levy of a tax on the immovables situated in the parish or municipal corporation, sufficient to pay the amount of the subscription, and specifying the rate of taxation, and the time when it shall be payable.