The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1900-03-24
Extract From City Council
PrOceedinGs.

Lafayette, La, March 3, Iooo.-The City
Council met in regular session with Mayor
Campbell presiding. Members present: J.
E. Martin, F. Demanade, ]. o. Mouton. c.
E.~Girard.
The minutes of last meeting were approved
read.
Moved by c. .. Mouton, seconded by F.
E. Girard, that the following ordinance be
adopted: Yeas-F. Demanade. H. Hohorst,
J. E. Martin, F. E. Girard, J. o. Mouton,
c. o. Mouton, Geo. DeBlanc. Nays-none.
AN ORDINANCE, calling an election of and
by, the property taxpayers OF the town
of Lafayette, La, qualified as electors un-
der the Constitution and laws of the State,
to vote on the proposition to issue bonds
for the sum of fourteen thousand dollars,
in order to utilize to the best advantage,
and in the manner contemplated by said
taxpayers, the special tax Of two mills for
ten years, voted by them ON August 20,
1890, for the 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 an election held in the town
of Lafayette, La, on August 20, 1899, under
the provisions of Act No. 1871 of the Acts of
the Legislature of 1898, and Article 25e of
the Constitution, the property taxpayers of
said town, did assess and levy upon them
selves, tax OF two mills Tor ten years, In
order to secure the location OF the South
western Louisiana Industrial 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 Insti-
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 yrs, voted by the
property tax payers of the town of Lafayette.
7 Ok
contemplat ID by said property taxpayers,
| there be and is hereby called 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 redeenable in ten years from
Jan. I, 1901. or sooner, at the option of the
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 shah 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, That
| the payment of said bonds in principal and
| interest shall be met by said tax of two mills
| on the dollar for ten years voted by the
|
yette, La, on August 70, 1899; the excess
| of said tax, if any, to be paid to the said
| Board of Trustees, contemplated by the
| vote of said taxpayers. Said bonds to be
issued in such amounts the said Board of
| Trustees may desire, and shall be signed by
| the mayor of the said town of Lafayette and
| the treasurer thereof.
Section 3. Be it further ordained. etc,
that tickets shall be prepared for use by tax
| payers desiring to vote at said election, &C
| cording to law, and in such form as to en-
able the voter to indicate intelligently and
| beyond doubt whether he votes for or against
| the proposition to issue said bonds.
| Section a.. Be it further ordained, That
| the interest said bonds shall be paid an
nually. and sha all be called n.-paid and re-
| deemed in principal each year as the excess
of the tax after the payment of interest may
justify.
| Section s. Be it further ordained, Tha
| it shall be unlawful to the revenue de-
rived from said tax for any other purpose
| than the payment of said bonds in Prncpa
and interest azores aid; provided the ex
| cess be paid to the Board of Trustees of the
| Southwestern Louisiana Industrial Institute
| There being no further business the Coun
| Gil adjourned to meet in regular session the
| first Monday in April.
| WIN. CAMPBELL, Mayor.
LOUIS LACosTE, Secretary.
| A true copy:
| Attest:
I