The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1900-03-10

Moved by 4. ~. NOutOn, SeCouued ny +.
E. Girard, that the following ordinance be
adopted: Yeas-F. Demanade, H. Hohorst,
T. E. Martin, F.. f. Girard, J. O. Mouton,
c. O. Mouton, Geo. DeBlanc. Nays-none.
AN ORDINANCE, calling an election of and
by, the property tax payers OF the town
of Lafayette, La, qualified as electors I'M
der the Constitution and laws of the State,
TO vote on the proposition to issue bonds
for the of fourteen thousand dollars,
in order to utilize to the best advantage,
and in the manner contemplated by said
taxpayers, the special tax Ct two mills tor
ten years, voted by them on August 20,
1900 for the use and benefit of the South
western Louisiana Industrial Institute.
Said election to be held the 18TH day
of April, 1900, the day of the general
election for State and parish officers, and
to be presided over and returns made, etc,
by the same commissioners.
Whereas, at election held in the town
of Lafayette, La, August 26, 1899, under
the provisions of Act No. 1871 of the Acts OF
the Legislature of 1898, and Article 252 OF
the Constitution, the property taxpayers OF
said town, did assess and levy upon them
Selves a tax of two mills for ten years, in
order to secure the location of the South
western Louisiana Industri al institute in the
parish of Lafayette. and whereas it was con
templated that said tax should be used in
the construction of buildings for said 1nsti-
tute, therefore
Be it ordained by the City Council of La
fayette, La, That in order to raise the
necessary fund, and to utilize the special tax
of two mills for ten years, voted by the
property taxpayers of the town of Lafayette.
La, on August go, 1899, in the manner
contemplated by said property taxpayers,
there be and is hereby called an election on
the 18th day of April, 1900, at which there
shall be and is hereby submitted to the prop
erty taxpayers of the town OF Lafayette,
La, the proposition to issue negotiable bonds
| for the amount of fourteen thousand dollars,
payable and redeemable in ten years from
To- al
City Council of this town. Said bonds to
| be made payable to bearer and shall bear
| five per cent per annum interest from date
| of issuance, which interest shall be payable
annually on the first day of March. Said
bonds shall not be sold for less than par,
and the proceeds thereof shall be paid to the
Board of Trustees of the said South
western Louisiana Industrial Institute to be
by them expended in constructing buildings
| necessary for the purposes of said Institute
Section 2. Be it further ordained. rha,
the payment of said bonds in principal ano
interest shall be met by said tax of two mill:
| on the dollar for ten years voted by the
property taxpayers of the town OF Lafa
| yette, La, on August 26, 1899; the exces:
| of said tax, if any, to be paid to the salc
Board of Trustees, as contemplated by ths
issued in such amounts as the said Board O.
Trustees may desire, and shall be signed b,
the mayor of the said town of Lafayette ant
the treasurer thereof.
| Section 4. Be it further ordained, etc
that tickets shall be prepared for use by tax
PAYERS desiring vote at said election, ac
cording to law, and in such form as to en-
able the voter to indicate intelligently ans
beyond doubt whether he votes for or agalns
the proposition to issue said bonds.
Section a.. Be it further ordained, Tha
the interest on said bonds shall be paid an
nually. and shall be called in. paid and re
deemed in principal each year as the exces
, of the tax after the payment OF interest ma!
justify. ,,-
Section s. Be it further ordained, Ths'
it shall be unlawful to use the revenue dc
; rived from said tax for any other PurPos
than the payment of said bonds in principe
and interest as azores aid; provided the es
cess be paid to the Board of Trustees OF tn
Southwestern Louisiana Industrial Institute
| Moved and duly seconded that Osin
Boudreaux be granted free license &c