Louisiana § RS 33:4151 - New Orleans; interest rate of bonds; form; execution; costs
Full text of Louisiana Louisiana Civil Code § RS 33:4151 — New Orleans; interest rate of bonds; form; execution; costs, with citation guidance and answers to common questions.
§ RS 33:4151. New Orleans; interest rate of bonds; form; execution; costs
Bonds issued under the authority of R.S. 33:4148 shall bear such rate or rates of interest as provided for in R.S. 39:1424 and R.S. 39:1424.1, shall be payable at such time or places on or before December 31, 2032, shall be in such form and denomination, shall be subject to such provisions of redemption, including redemption premiums, shall be executed and shall be subject to such other details as the Board of Liquidation, City Debt, shall determine by resolution adopted by affirmative vote of a majority of its members. The cost of preparing and selling said bonds shall be paid by the Board of Liquidation, City Debt. The resolution authorizing the issuance of bonds under the authority of R.S. 33:4148 shall be published one time in the official journal of the city of New Orleans. For a period of thirty days from the date of such resolution, any person in interest shall have the right to contest the legality of the resolution and the legality of the bond issue for any cause, after which time no one shall have any cause or right of action to contest the legality of said resolution or of the bonds authorized thereby for any cause whatsoever. If no suit, action, or proceeding is begun contesting the validity of the bond issue within the thirty days herein prescribed, the authority to issue the bonds and to provide for the payment thereof, and the legality thereof and of all the provisions of the resolution shall be conclusively presumed, and no court shall have authority to inquire into such matters.
Added by Acts 1981, No. 247, §1, eff. July 1, 1981. Acts 1985, No. 731, §1, eff. July 16, 1985.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 33:4151
What does Louisiana Civil Code § RS 33:4151 cover?
Section RS 33:4151 ("New Orleans; interest rate of bonds; form; execution; costs") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 33:4151?
A common citation format is "Louisiana Civil Code § RS 33:4151" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 33:4151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.