The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1898-12-03
AN ORDINANCE.


i An ordinance providing for the submits
sission to the property tax payers OF the
town of Providence, State of Louisiana, the
proposition for said town to incur debt
Of SIT 800, to insure bonds therefor, to levy
a tax to pay the principal and interest OF
| said bonds. more than one-fhird of the tax
PAYERS of the municipality having petit
TONED therefor
SECTION 1. Be it ordained by the Mayor
and Town Council of the town OF Provi-
dence, in regular and lawful session con-
yeued, That pursuant to Article 2S1 of the
/ constitution of the State of Louisiana, the
following proposition be submitted accord
| ing to law to vote of the property tax pay
| ers of the town of Providence, to-wtt:
/ That the said town be authorized to con-
tract a debt of seventeen thousand five
hundred ($l7 500 dollars, for the purpose
of the erection or purchase of a combined
for the town and for said purpose; that
said Mayor and Town Council be author
lied to issue negotiable bonds therefor
bearing 5-per cent. per annum interest
thereon payable annually, and payable as
may be designated by the Mayor and Town
Council OF said town of Providence, pro-
| vided that none of said bonds shall run for
more than forty years, and be sold for less
than par, and to pay the principal and in
terest of said bonds; that the said Mayor
and Town Council be authorized to levy a
! tax at the rate of mills on the dollar per
| anuum on the assessed valuation of the
| property subject to taxation within the
! town of Providence for no longer period
| than forty years, until sufficient fund is
provided to pay said debt as evidenced by
said bonds and interest.
Sec. g. Be it further ordained ETC.. That
a special election be and is hereby ordered
according TO law and to take the sense of
n r,ro 70 cuiI 1et
ton. and that said election be held on
Thursday, December 10, 1898.
See. 3. Be it further ordained ETC., That
the ballots to he used at said election shall
be printed in the following form, to-wit:
"For authorizing the town of Providence
to contract debt of seventeen thousand
five hundred (S1I 5000 dollars to pay for the
erection or purchase of combined
Water Works and Light system for the
town. and in evidence thereof to issue
negotiable bonds to said amount bearing
intest at the rate of per cent. payable an
nually, and payable AS may be designated
by the Mayor and Town Council of Provi-
dence, and in order to pay same to levy
and assess annually special tax of five
mills on the dollar of the assessed valua-
ton of the property in said town, begin
ming with the year 1899 and lasting not ex-
ceeding forty years until sufficient fund
has been provided to pay the interest and
principal of said bonds" and Against au-
thOrlZing the town of Providence to con-
tract debt of seventeen thousand five
hundred (Sl1, 500) dollars to pay for the
erection or purchase of a combined Water
Works and Light system for the
town, and in evidence thereof to issue
negotiable bonds to said amount bearing
interest at the rate of 8 per cent. payable
annually, and payable as may be designated
by the Mayor and Town Council of Provi-
dence, and in order to pay same to levy
and assess annually special tax of mills
on the dollar OF the assessed valuation of
the property In said town. beginning with
the year 1899 aud lasting not exceeding
forty years until.sufficient funds are pro-
yided for paying principal and interest of
said bonds"
Sec. A.. Be it further ordained ETC., That
the Board of Supervisors of Election of the
parish of East Carroll are hereby required
to appoint commissioners of election and
clerk to serve at the polling place to give due
notice OF said appointments and of the time
and place of holding said election, and to
make returns of said election according to
law to the Mayor of the town of Provi-
dence, who shall announce and promulgate
results of said election according to law.
Sec. 5. Be it further ordained ETC., That
the assessor of the parish of East Carroll
shall furnish to the commissioners of cleo
tfon complete list of the property tax
payers of the town. with the amounts of
their assessments respectively duly certi-
fed; and the registering officer of said town
shall furnish duly certified list of the
electors of shutdown to the commissioners
of election.
Sec g. Be it further ordained ect.. That
the commissioners of election shall receive
the ballots of all the tax payers of the town
of Providence entitled to vote under the
laws of the State of Louisiana. and before
depositing same in the ballot box shall en-
dorse thereon in the presence of such voter
the name of the voter and the amount Of
the valuation OF bis assessed property. and
said commissioners shall make return of
the number of votes for and against the
levy of said special tax.
Sect. Be it further ordained etc., That
upon the return of the result of said cleo
ton, and the PRONUNCIATION thereof, il it
shall be found that majority, in number
and amount OF the property tax payers
qualified as electors under the constitution
and laws of the State of Louisiana. shall
have voted in favor of the proposition SUBJ
mitted to the tax payers, then, and in that
event. the Mayor and Town Council of
Providence shall be authorized to pass an
ordinance providing for the execution of
the bonds. prescribing the form Of same,
declaring the manner and sum in which
they shall be redeemable. fixing the date.
or dates OF their maturity, the mode in
which they shall be sold or disposed of. and
providing Tor the principal and interest OF
the said bonds by the levy of a special tax
Of mills on the dollar on the assessedvaiua-
ton of all the property in the town of Provi-
dence, until the maturity of said bonds.
Sec. 8. Be il further ordained ect.. That
none of said bonds shall be sold for less than
par, and that no part of the fund arising
from the sale Of said bonds shall be app ro-
priated or expended for any other purpose
than that specified in the proposition SUBJ
mitted in this ordinance: that no. part of
said funds, hereby authorized for special
purpose. shall be diverted or used for any
other purpose whatsoever.
Sec. 8. Be it further ordained etc., That
this ordinance be published in the iicial
journal of the town of Providence for full
thirty days prior to the day of holding said
election, and this ordinance take effect
from and after it's passage.
g. NJ. FRANKLIN, Mayor.
d. w. GILMOuR. Secretary.
Mayors office, town of Providence, La,
Nov. 10. 1898.