The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1898-11-26
AN ORDINANCE.

An ordinance providing for the suhmis-
sission TO the property tax payers oil the
town of Providence. state OF Louisiana, tne
nroposition for said town to incur qeot
Of Sir 800. to insure bonds therefor, TO levy
a tax TO nav the principal and interest OF
s.;d bonds more than one-fhird of the tax |
PAYERS of the municipality having petit
toned therefor:
SECTION /. Be it ordained by the Mayor |
and Town Council of the town OF Provl- |
dence. in regular and lawful session con-
yeued. That pursuant to Article PSI of the |
constitution of the State of Louisiana, the
following proposition be submitted secord- |
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 hve
hundred ($l7 ,5Gn) dollars, for the purpose
of the erection or purchase of combined
Water Works and Light system
for the town and for said purpose; that
said Mayor aud Town Council be author
| lied to issue negotiable bonds therefor
bearing 5 per cent. per annum interest
thereon payable annually, and payable as
NAV be designated by the Mayor and Town
! Council OF said town of Providence. pro-
yided that none of said bonds shall run Tor
more than forty years, and be sold for less
than par. and to pay the principal and III
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
AMMAN 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 Dy
! said bonds and interest.
| Sec q Be il 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 Is, 1898.
Sec. 3. 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 a debt of seventeen thousand
five hundred (S17 ,509) 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. pay able an
nually, and payable as may be designated
by the Mayor and Town Council of PrOyi-
dence, and in order TO pay same to levy
and assess annually a special tax of five
mills on the dollar of the assessed yalua-
ton of the property in said town, begin
ming with the year 1899 and lasting not ex-
ceeding forty years until a sufficient fund
has been provided to pay the interest and
principal of said bonds" and Against au-
thorIzing the town of Providence to con-
tract debt of seventeen thousand five
hundred (Sl7,5 500 dollars TO pay for the
erection or purchase of combiGed Water
Works ard Light system for the
town, and in evidence thereof to issue
, negotiable bonds to said amount bearing
interest at the rate of per cent. payable
annually, and payable as may be designated
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
| . |, n id hnOipninO with
the year 1899 and lasting not exceeding
forty years until sufficient funds are pro-
vided for paying principal and interest OF
said bonds"
Sec. 4. Be it further ordained etc, That
J 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 3. Be it further ordained etc. That
the assessor of the parish of East Carroll
, shall furnish to the commissioners of cleo
ton 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.
8 Sec g. Be it further ordained ect., That
, the commissioners of election shall receive
the ballots of all the tax payers of the to syn
of Providence entitled to vote under the
laws of the State of Louisiana. and before
6 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 his assessed property. and
said commissioners shall make Il return oil
, the number of votes for and against the
. levy of said special tax.
See.7 Be it further ordained ETC., THAI
: upon the return of the result of said elec
3 ton, and the PRONUNCIATION thereof, If II
shall be fonnd 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 sub
} mitted to the tax payers, then, and in thai
, event, the Mayor and Town Council O.
Providence shall be authorized to pass al
ordinance providing for the execution o.
. the bonds. prescribing the form of same
declaring the manner and sum in which
, they shall be redeemable. fixing the date
7 or dates of their maturity, the mode IL
q which they shall be sold or disposed of. ant
providing for the principal and interest o
the said bonds by the levy of special ta1
of mills on the dollar on the assessed valua
tion of all the property in the town Of Provi
? dence, until the maturity of said bonds.
! Sec. s. Be it further ordained ect.. Tha
none of said bonds shall be sold for less thar
par. and that no part of the fund arising
from the sale of said bonds shall be ape no
priated or expended for any other purpos,
than that specified in the proposition sub
, mitted in this ordinance: that no part O
D said funds, hereby authorized for specia
purpose. shall be diverted or used for an
other purpose whatsoever.
See. 8, Be 1t further ordained etc., Tha
this ordinance be published in the o.ticia
;, journal of the town of Providence for fnl
thirty days prior to the day of holding salt
9 election. and this ordinance take effee
!. from and after its passage.
g. NJ FRANKLIN. Mayor.
u ID. W. GILMoUR, Secretary.
/, Mayors office, town of Providence, La.
Nov. 10, 1898.