The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-09-28
POLICE JURY PROCEEDINGS.

There were absent-I. ".ool An'A
Phil McGnire.
Thereupon. the following proceed
ings we're bad. to-wit:
Police Juror W. G. hope offered the
/, following
AN ORDINANCE.
To incur debt of Sixteen Thousand
Five Hundred Dollars for said parish;
10 issue negotiable coupon bonds for
constructing in the Town OF Proyi-
dence a new courthouse for said par
;sh. to levy, assess and collect in the
calendar years 1902 to 1908 (both
wears included) special tax, OF two
and ope-half mills on the dollar Of the
assessed valuation of the taxable prop
erty in said parish for the pur-
poses of paying the principal and
interest of SAID debt and of said
bonds and of maintaining said
Courthouse; to pledge the reven-
ues derived from the levy and
assessment Of said special tax as securl-
ty for the payment of the principal and
interest of said debt and Of said bonds;
to fix the date for commencing the
provision of sinking fund for the
payment of said debt and of SAID bonds
and to fix the redemption period OF
said bonds: to authorize the President
of the Police Jury to sell said honds
and to sign and issue same.
Section L. Be It ordained by the
Police Jury of the parish of East Car
roll. Louisiana, That, by virtue of the
authorization of an unanimous vote OF
the property taxpayers of said parish
entitled to vote at the special election
duly called and held or the 10th day OF
September, 1901, aud pursuant To
Article Isl of the Constitution, to Act
No. 8 of the Acts Of 1899 and Act No
| ia of the Acts Of 1900. of the General
/ Assembly of Louisiana. there be and is
hereby inrnrred a debt of sixteen
thousand five hundred (Sl6. 500) dol
lars 10 provide funds for constructing
in the Town of Providence a new court
house for said parish and for mainten'
nance of same; that. in evidence of said
Indebtedness, there be issued thirty.
three negotiable coupon bonds of said
I parish of the denomination Of five
hundred dollars, each. payable to bear
err, bearing from date thereof
five per cent per annum interest.
payable principal and interest. in
gold coin of the United States OF
the present standard weight and
| fineness in New York City. N. Y,
interest payable on January 1st of each
year after the year 1902 until ma.
turity or paid; that said bonds be mum
bered from No. TO No. 49,, both in.
ciuded, be dated November lst, 1901
and fixed for maturity ON January LIST,
1909; prorided. that five OF said bonds
| shall be paid, respectively. Oh the Isl
day OF January of each year after the
year 1902 until the year 1909, the par
ticular bonds to be paid before maturi
ty to be determined by lot by the Pollcs
jury in accordance with section % q
Act No. 8 of 1899 of the Acts Of thu
General Assembly OF Louisiana and the
remaining three bonds shall be paid a
maturity; provided further, that tbs
option is hereby reserved to said Police
] Jury to pay more of said bonds on The
i LIST day of January of any year after
| 1902. by giving notice thereof accord
ing 10 said section of said Act.
Section 2. Be 1t further ordained
etc.. that, for the purposes. first. o
paying the principal and interest O
said debt and OF said negotiable bonds
and, second. of maintaining said cour
house, there be aud is hereby levied q
special tax Of two and one-half (23,
mills on the dollar OF the assessed val
uation of the taxable property in said
parish for the calendar years 902. 1908
1901. 1905. 1906. 1907 and 1908. which
tax the parish assessor Is ordered to ex
| tend on the assessment rolls for SAFE
years and the parish tax collector i:
ordered to collect. 50 81"
/ Section B. Be it further ordained
etc, that. TO secure the payment of 'h'
/ principal and interest of said debt aDC
of said bonds. the revenues. derived
from the levy, assessment and collec
ton OF said special tax. be and TIT
same are hereby pledged TO any holder
or holder of said bonds.
+ Section 4. Be it further ordained
letc that the date for the CONNIE nee
/ ment of the provision OF a sinking funt
for the payment of said debt and o
said bonds. be and is hereby fixed MS tn
let day of January, 1902, and the re
demption period of said debt and o
said bonds shall extend from said dat
until January LIST, 1909, both dates in
cluded, h
j Section s., Be 1T further ordained
eet. That the proceeds of the sale 0
said bonds shall be placed to the, credi
of the Courthouse Fund and shall b
used to pay the costs of said COURTEOUS
and the maintenance of same and 70
no other purpose whatever; and tha
The revenues derived from the levy
assessment and collection of said specia
tax shall De used for the purpose Q
paving. the principal and interest Q
said debt and of said bonds, any bal
ance OF SAID revenues, after the pay
ment Of said debt and interest and q
said bonds and interest. to be devote
To the maintenance of said courthouse
and sa,d revenues shall be used for d
other purpose whatever.
Section s.. Be Il further ordaid etc
/. That said bonds and he interest cOu
ponds attached thereto be signed b
, The president and couu'ersigDed b
the clerk ofthe Police Jury; aud tina
said president be authorized hereby I
negotiate and make The sale of sal
bonds, either at private ssle, or by ad
veriising for sealed bids for said bond'
Section 6 Be il further ordained
etc, That, as All iudaeement 10 invest
ors, the said Police Jury hereby req
) resents that The present total assess
mept of The parish is S1,430, $50; iba
the present anDus1 revenues OF IN
parish for ordinary purposes ex
: coed $4,000, that the special 2