The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1898-11-19
IN ORDINANCE.

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 ST. 800 to insure bonds therefor, to levy |
tax to pay the principal and interest OF
said bonds. more than one-thlrd OF the tax !
payers of the municipality having petit
| toned therefor:
SECTION I. BE it ordained by the Mayor |
and Town Council of the town of PFoyi- |
! dence. in regular and lawful session con- !
veued, That pursuant to Article Isl OF the |
constitution of the State of Louisiana, the |
| following proposition he submitted accord /
ing to law to a vote of the property tax pay |
! ers OF the town of Providence, to-wtt:
| That the said town be authorized to con- |
| tract debt of seventeen thousand hve
hundred (Si7, 500 dollars, for the purpose |
! off the erection or purchase of a combined |
! Water Works and Light system !
for the town and for said purpose; that
said Mayor and Town Council be author |
| ICED 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 May
and Town Counciibe authorized to levy a |
/ =
anpum 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 >. Be it further ordained etc. That
| a special election be and is hereby ordered
| according to law and to take the sense OF
the property tax payers on said PROPOSE
ton, and that said election be held on
Thursday, December -, 1898.
Sec. s, BE it further ordained etc, That
the ballots to be 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
i've hundred ($17 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 eeat. payable an
nually. and payable as may De deslgnaiea
by the Mayor and Town Council of Proyi-
dence, and in order to pay same to levy
and assess annually q 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-
ceedng forty years until sufficient fund
has been provided to pay the interest aud
principal OF said bonds" and against au-
thorlzing the town of Providence to con-
tract a debt of seventeen thousand five
hundred (S17,500) 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
:. interest at the rate of 8 per cent payable
, annually, and payable as may be designated
l by the Mayor and Town Council of Proyi-
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
g the year 1899 and lasting not exceeding
forty years until sufficient funds are pro-
vided for paying principal and interest of
said bonds"
See 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
t. make returns of said election according to
law to the Mayor of the town of Provi-
dence. who shall announce and promnlgate
results of said election according to law
I Sec 3. Be it further ordained ETC., That
the assessor of the parish OF East Carroll
:" shall furnish to the commissioners OF cleo
ton a 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 a duly certified list OF the
electors of said town to the commissioners
= of election.
Sec. g. Be it further ordained eet., That
5 the commissioners of election shall receive
G the ballots of all the tax payers of the town
of Providence entitled to vote under the
q laws of the State of Louisiana, and before
= depositing same in the ballot box shall en-
u dorse thereon in the presence of such voter
! the name of the voter and the amount OF
the valuation of his assessed property, and
| said commissioners shall make a return Of
i the number of votes for and against the
levy of said special tax.
Sec. I. Be it further ordained etc., That
. upon the return. of the result of said cleo
I ton, aud the PRONUNCIATION thereof, if it
shall be found that majority, IN number
and amount OF the property tax payers
. qualified as electors under the constitution
D and laws of the State of Louisiana, shall
! have voted in favor of the proposition sub
y mitted to the tax payers, then. and in thai
4 event, the Mayor and Town Council Of
D Providence shall be authorized to pass an
u ordinance providing for the execution OF
: the bonds, prescribing the form OF same,
" declaring the manner and sum IN which
they shall be redeemable, liking the date.
| or dates OF their maturity, the mode in
. which they shall be sold or disposed of, aud
= providing tor the principal and interest oil
u the said bonds by the levy of a special tax
q of mills on the dollar on the assessed valua-
!, ton of all the property in the town Of Provi-
dence, until tie maturity of said bonds.
Sec. s. Be it further ordained eet., That
q none of said bonds shall be sold for less than
par. and that no part of the fund arising
a from the sale of said bonds shall be appro-
y priated or expended for any other purpose
. than that speeifedin the proposition sub.
Q mitted in this ordinance: that no part OF
y 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
o this ordinance be published in the official
o journal of the town of Providence for full
Q thirty days prior to the day of holding said
0 election, and this ordinance take effect
10 from and after its passage.
o G. NJ. FRANKLIN, Mayor.
% ID. w. GILMOUR. Secretary.
% Mayors office, town of Providence, La.
= Nov. 10, 1888.