The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1876-08-05
L. A. WEBRE.
Sheriff.

To the property-hol.1ers of the to,cn Of I1i.
You are hereby notified that an election
will be held at the Town Hall, in the Town
OF FhibOdaux, State of Louisiana, Oh the
Twelfth day of August 1850 Eighteen Hun.
dred and Seventy six, between the hours
Of a. NJ, and z. NJ, for the approval or
rejection of
Ordinance No 10
hetdtire 10 tic Thibodanr and 1cy9e6o,,,ae
Drainage aud Narigation Company.
Section |. BE it ordained by the Mayor
and Council of the Town of Tlibodaux in
regular assembly convened that the Mayor
OF said Town he and he is hereby authorized
ia the name OF said Town to subscribe to
seven Hundred shares OF Ten Dollars each
in the capital stock Of the ThibMlauz and
1erFc6OnMe Drainage and NaUigctio,. Com
paMy.
Sec 2. Be it further ordained that in
order to pay for amount of said shares that
bonds Of said Town shall be issued, signed
by the Mayor and countersigned by the
Secretary OF the Town, in amounts of Five
Hundred Dollars each. hearing eight Der
cent per annum interest from date and paw
1uie semi annually not Iscre than tvs. bonds
payable annually. The bonds shall be in
the following form:
$500. STATE OF LOUISIANA No
Know all men by these presents that the
Town of Thibodaux acknowledges itself in
debtedtO the 1hibodaMr d Ie,Tcbon,.e Dyai
Magc and Navigation Go. in the. sum Of five
Hundred Dollars. which sum the said Town
promises to pay in current money, of the
United States to the order of said COMPANY
in--months from date hereof with interest
ut the rate OF eight per cent per annum
from date.
Secretary Mayor
Town of Thibodaux-- 1877
Sec ). Be it further ordained that in order
to facilitate thenegotiation of said bonds and
to secure the punctual payiMent Of said
bonds in principal AMI interest, the Mayer
Of the Town is hereby authorized to pledge
all the shares Of stock owned by said Town
in the INibodaxr Fridge Company, and the
Pledge is hereby authorized to receive the
dividends on the shares SO pledged, proyi-
ded the amount Of dividends as fast as re-
ceived shall be credited oi, the bonds first
maturing, and shall be SO credited ON the
bonds as they successively mature:
Sec. 4. Be 1t further ordained that as q
further security for the punctual payment
OF said bonds in principal and interest, a
special tax Of not more than one half Of one
per cent be and is hereby levied ON all the
landed estate situated within the corporate
limits of the Town Of Thib0daux being
well intended, however. tn 1t the Collector
of municipal taxes shall only collect said tax
during such years when the dividends ON
the Bridg.. stock shall be insufficient to meet
the full payment Of bonds as they mature
And in any year when the dividends OF
the Bridge stock are sufficient to pullctually
meet the payment of the bonds rs they ma
tnre, in principal and Interest," that for any
such year the tax hereby levied is remitted
aud shall not be cOllectable.
Sec Be it further ordained that the
present ordinance be submitted for appro-
val or rejection at an election Of .he voters
on whose property the tax Aforsaid is le-
We'd, said election to be advertized by the
Mayor during thirty days and to be held
in the Office Of the Mayor on Saturday, Au-
gust 18th 1876, between the hours OF 8 A.
NJ, and 6 p NJ, said election tn be presided
over by p. E. Lorio, NJ. A. LIE gendre and j
Badeaux commissioners hereby appointed
fer the purpose, who shall first he sworn to
discharge their duties faithfully and honest
ly; said commissioners are to be furnished
by the Town Constable with list of the
voters qualified to vote at said election.
Approved a1Sl adopted this Fifth day of
July A. D. Eiahts.n Hundred and seventy
Six 1851
P.E LORIO, Mt. HIGGINBOTHAM
Mayor. Secretary.
A true copy from the minutes
NJ. L. HIGGTNBOTHAM, Secretary