The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1900-04-14
Extract From City Council
Proceedings.

Lafayette, La, March 8, Iooo.-The City
Council met in regular session with Mayor
Campbell presiding. Members present: ].
Z. Martin, F. Demanade, ]. Q. Mouton, c.
o. Mouton, II. HohorSt. Geo. DeBlanc, +.
E. Grard. ...'
The minutes of last meeting were approved
read.
Moved by c. .. Mouton, seconded by F.
E. Grard, that the following ordinance be
adopted: Ieas-F: Demanade, H. Hohorst,
J. E. Martin, F. f. Girard, ]. o. Mouton,
G. 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 UNI
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 90,
1899, for the and benefit of the South
western Louisiana Industrial Institute.
Said election to be held on 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, on August 20, 1899, under
the provisions of Act No. 1871 of. the Acts of
the Constitution, the property taxpayers of
/, said town, did assess and levy upon them
/ selves, tax of two mills for 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 years, voted by the
| property tax payers of the town of Lafayette.
La, on August e6, 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 aN-payers of the town of Lafayette,
| La, the proposition to issue negotiable bonds
| for the amount of fourteen thousand dollars,
| payable and rcdcemablc in ten years from
| Jan. I, 1901. Or sooner, ut 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 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, Tina
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 20, 1899; the excess
of said tax, if any, to be paid to the sale
Board of Trustees, contemplated by tn
vote of said taxpayers. Said bonds to b.
issued in such amounts 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 5. 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 to en-
able the voter to indicate intelligently AM
! beyond doubt whether he votes for agains
the proposition to issue said bonds.
Section 4. Be it further ordained, Tina
the interest on said bonds shall be paid an
nualy. and shall be called in, paid and re
deemed in principal each year the exces
, of the tax after the payment of interest ma
justify.
Section S. Be it further ordained, Tha
shall be unlawful to the revenue de
; rived from said tax for any other purpos
than the payment Of said bonds in princiP
and interest AZORES aid; provided the e,
cess be paid to the Board of Trustees of tn
Southwestern Louisiana Industrial Institute
There being no further business the Cour
Gil adjourned to meet in regular session tn
Grst Monday in April.
VIM. CAMPBELL, Mayor.
LOUIS LACosTE, Secretary.
, A true copy:
. Attest: