The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-11-02
AN ORDINANCE.

An Ordinance providing for the submits
sion to the tax payers of the, Town o.
Provide nee. State of Louisiana, the propo
sition for said Town to incur debt Of
twenty thousand dollars (S20,000) to issue
bonds therefor; to levy tax to pay the
principal and interest of said bonds, more
than one third of the tax payers entitled to
vote. having petitioned therefor: the debt
so contracted to be for the purpose of erect
ing or purchasing combined waterworks
and light system for. said Town of PrOyi-
dence. La.
Section /. Be it ordained by the Mayor
and Town Council of the town OF Provi-
dence, in regular and lawful session con-
veDed. That pursuant to the laws OF the
State OF Louisiana, and to Article PSI OF the
Constitution of the State of Louisiana, the
following proposition be submitted ac-
cOrding to law to vote of the property
tax payers OF the town Of Providence, to-
wit :
That the said town be authorized to con-
tract debt of twenty thousand (S20,o0O)
dollars for the purpose of the erection or
purchase OF combined waterw0rks and
light system for said town and for said pnr-
pose; that said Mayor and Town Council
be authorized to issue negotiable bonds
terest thereon. and payable as may be des-
ignated by the Mayor and Town Council of
said town of Providence, provided 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 interest OF
said bonds; that the said Mayor and Town
Council he authorized to levy tax at the
rate of five mills on the dollar per annum
on the assessed valuation OF the property
subject to taxation within the town of
Providence. for no longer period than forty
wears. until a sufficient fund is provided to
pay said debt, as evidenced by said bonds
and interest.
Sec 2. 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. November 14th. 1901.
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;
.'tor authorizing the town of Providence
to contract a debt OF twenty thousand (S20.-
O00) dollars to pay for the erection or pur-
chase OF combined waterworks and light
system for the town. and in evidence there
of, to issue negotiable bonds to said
amount. bearing interest at the rate of 3
pei cent per annum, and payable as NAV be
designated by the Mayor and Town Coun-
Gil of Providence. and in order to pay same
to levy and assess annually a special tax of
five mills on the dollar of the assessed val
uation of the property in said town begin
ming with the year 902. 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
authorizing the town of Providence to con-
tract debt of twenty thousand (S20,000)
dollars to pay for the erection or purcase of
combined waterworks and light system
for the town. and in evidence thereof to
issue negotiable bonds to said amount,
bearing interest at the rate of per cent
per anDnm. and payable as may be desig-
mated by tue Mayor and Town Council of
Providence, aud in order to pay same to
levy aud assess annually special tax of 3
mills on the dollar. beginning with the
year 1902 and lasting not exceeding forty
years until sufficient funds are provided for
the payment OF the principal and interest
of said bonds.
Sec 4. BE it further ordained, etc, That
the board of supervisors of election of the
parish of East Carroll are hereby requested
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 of said election,
and to make returns of said election ac-
cor ding to law to the Mayor of the town of
1 u.
mulgate results of said election according
TO law.
Sec. Be 1t further ordained. etc., That
the assessor of the parish of East Carroll
shall furnish to the commissioners OF elec-
ton a complete list ofthe property tax pay
ers of the town. with the amount of
their assessments respectively. duly GER
titled; and the registering officer of said
town shall furnish duly certified list of
the electors of said town to the commits
sioners OF election.
See. 8. Be it further ordained, ETC., That
the commission ers of election shall receive
the ballots of all the tax payers of the town
of Providence entitled to vote under the
laws ofthe State of Louisiana, and before
depositing same in the ballot boxzsha en-.
dorse thereon. in the presence of such vo-
ter the name OF the voter and the amount
of the valuation OF his assessed property,
and said commissioners shall make return
of the number of votes tor and against the
levy OF said special tax.
See I. Be il further ordained. etc, That
upon the return of the result of said elect
ion, and the PRONUNCIATION thereof, if 1t
shall be found that majority in number
aud amount OF the property tax payers
qualified as electors under the constitution
and laws of the State of Louisiana, shall
have voted in fayor of the proposition SUBJ
mitted to the tax payers. then and in that
event the Mayor and Town Council of the
town of Providence shall be authorized to
pass an ordinance providing for the execu-
ton of the bonds. prescribing the form OF
same. declaring the manner and sum in
which they shah be redeemable, fixing the
date or dates of their maturity, the mode
in which they shall be sold or disposed of,
and providing for the payment of the prin-
cipsl aad interest of the said bonds by. the
levy of a special tax of mills on the dol
lar on the assessed valuation OF all the prop
erty in the town of Providence, until the
of said bonds.
Sec. s. Be il further ordained, etc., That
none of said bonds shalt be sold for less
than par. and that no part OF the funds
arising from The sale of said bonds shall be
appropriated or expended for. any other
purpose, than that specified in the propo-
sition Submitted in this ordinance; that no
part OF said funds hereby authorized tor a
special purpose SHALL be diverted or used
Tor any other purpose whatsoever.
See. :. Be 1t further ordained. ste, That
this ordinance be published in the official
journal of the town of Irovideneefor fully
thirty DAYS prior 10 the day of holding the
said election and that this ordinance take
effect from and alter its passage.
'rife Bonrd then adjourned TO its reg