The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1876-07-22
Ordinance No Ar

10 ~ He lHtooo"hL and Ie47rbOnu
Orataage n NarigahOn Companu.
section i. BE 1t ordained by the Mavo
Ill Council OF the Town of Thihodanx ;
Egular assembly convened that tba NJ /
SAID Town be andh he is hereby au.bor;so
the name of said Town to suhscr;Ia :,
ven hundred shares of Ten Dollars eacl
the capital stock of the "a'
eTTeoonne D'atnaye aud Nariqation Gan,
uny. 9''o" 20"
zee :. BE it further ordained that !,
der to pay for amount of said Share ~,
onds OF said Town shall be issneJ s;nn".
the Mayor and countersigned h1t
tcfetafy of the Town. in amounts of E;vt
unored Dollars each. bearing eight mo,
tht per aiinnm interest from date and nav
'le semi annually not more than two bauie
'yaoie annually. The bonds shall he in
ne following form III
BOO. STATE OF Io,
hhoW an men by these presents that tho
y" u oi hiboaaux acknowledges itself in
e"teuto tne lh'boddnr d Ierrebonue Droi
oh9 10. i'll the sum of five
hhdred Dollars. which stun the said Tor,,,
roinises to pay in current money of ~"
nlted States to the order of said Common
--niontiis from date hereof with NIL
the rate of eight per cent per annn,n
ON date. "nh"ih
Secretary u
own of hibodaux--Is7
See 8. BE it further ordained that IN ,r.
facilitate thenegotiation of said bonds and
secure the punctual payment of 80
Rhds IN principal and interest. the MAJ
the 1oWn is hereby authorized to ple3ga
l me shares OF stock owned by said Town
me 1h'6odanr Bridge ComSlnu, and ,ba
eoSe is hereby authorized to receive he
ttnos Oh Ihe shares so pledged, proyi, |
= u amount OF dividends as fast AS re-
|ived shall he credited on the hn,,,ls a,..
fttuilng. and shall he so crr1itai ~ ,L'
lnds as they successfully mature:
Pee. \. BE 1t further ordained ,b,+
tnef security Tor the punctual pny,lent
Sa't bonds III principal and interest :,
7ciai IAN ot not more than one half nf mn.
cent be and Is hereby levied on ali fla
Pued estate situated within the corpor,te
nus OF the 1owu of 1hibodauy heinn
II intended, however. tn It the toHectoS
municipal taxes shall only collect sid tax
ing such Years when the dividends ar
nflas' stock shall be Insufficient ia meet
inli payment OF bonds us they luatnre
NJ III any year when the DIVIDENDS of
L, ~ STOCK are snfflcent to punctually
u me p'!nieit OF the bonds rs they ma
e. III principal and interest. that far, ,n
ia year the tax hereby levied is remitt.d
\ shall not be collectable.
(ec.o 81 1t further ordained than I'll. (
SEM ordinance be submitted for appro, {
VI rejection at an election of The vnters
whose property the tax Aforesaid ia Ia.
p us sad election to be advertized by the
yor during thirty days and to he held
ne once OF the Mayor on Saturday. An.
l25n 1870, between the hours of 6 A
and s T NJ, said election to be presided L
r by P. E. Lorio, NJ. A. LIE gendre and +
1 the nn commissioners wS hereby appointed 1
,harge their duties faithfully and honest Y
tho commissioners are to be furnished s.
.ra ioWn Constable with a list of the Il
ers qualified to vote at said elect;ou nf
oproyed and adopted this Fifth dav of
7 Az a: y; Eighteen Hundred and seventy. D
'eLohlO, NJ. T. HIGGINBOTHAN G
Secretary.
true copy from the minutes. di
Al. 1. HiGGINBoTHAM, Secretary pl