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La. R.S. 33:4367

Apportionment among parishes of proceeds from sale of franchise

Known as the State Power Authority Act

The act spans §§ 33–33 (379 sections).

Whenever a franchise to operate a railway on a public road extending through two or more parishes, has been sold, the proceeds from the sale shall be apportioned among the several parishes according to the mileage of the railway in each of the parishes.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.