The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-10-12


A special election he and rs Hereby ordered
according TO law and to take Che sense of
the property tax payers on said proposi-
ton, and that said election be held ON
Thursday, November l4th. 1901.
See, 3 Be IL further ordained, ETC.. That
the ballots to be nsed at said election shall
be printed in the following form. to-wit:
.'FOr authorizing the town Of Providence
! to contract debt of twenty thousand $780,
000) dollars to pay for the erection or pur-
chase OF q 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 8
| pei cent per annum, and payable as NAV be
| designated by the Mayor and Town CoUp-
Gil of Providence. and ia order to pay same
to levy and assess annually special tax OF
| five mills on the dollar OF the assessed val
! uati0n of the property in said town begin
ming with the year 1902. and lasting not ex.
ceeding forty years, until a sufficient fund
has been provided 10 pay the interest and
principal of said bonds" And against
authorizing the town of Providence to con-
tract debt of twenty thousand (S2D, 000l
dollars to pay for the erection or purcase of
a combined waterworks and light system
for the town. aud in evidence thereof TO
issue negotiable bonds to said amount,
bearing interest at the rate of per cent
per annum. and yabfe as may be desig-
Providence, aud 10 order 10 pay same TO
levy and assess annually special tax of D
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-
coIding to law to the Mayor OF the town of
Providence, who shall announce ana pro-
mulgate results of said election according
TO law.
Sec. 3 Be 1t further ordained. etc, That
the assessor OF the parish OF East Carroll
shall furnish to the commissioners OF cleo
ton complete list OF the property tax pay
ers OF the town, with the amount of
their assessments respectively. duly GER
titled; aud the registering officer of said
town shall furnish duly certified list of
the electors of said town to the commits
sioners of election.
Sec. 8. Be it further ordained, ETC., That
the commissioners Of election shall receive
the ballots of all the tax payers OF the town
of Providence entitled to vote under the
laws the State of Louisiana, and before
depositing same in the ballot box shall en-
dorse thereon. in tue presence OF such vo-
ter the name OF the voter and the amount
of the valuation oil his assessed property,
and said commissioners shall make areturn
of the number Of votes Tor and against the
levy OF said special tax.
Sec T. Be it further ordained, ETC., That
upon the return OF the result of said elect
ion, and the PRONUNCIATION thereof. IL 1t
shah be found that majority in number
aud amount Of the property tax payers
qualified as electors under the constitution
aud laws of the State OF Louisiana, shall
have voted in favor of the proposition sub
mitled to the tax payers. then and in that
event the Mayor aid 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 shall 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-
cipai and interest of the said bonds by the |
levy of special tax of mills on the d0- |
lar on the assessed valuation OF all the prop
erty in the town of Providence, until the |
maturity of said bonds. !
Sec s. Be it further ordained, ETC., That
none of said bonds shall be sold for less
than par. and that no part OF the funds |
arising from the sale of said bonds shall be |
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
for any other purpose whatsoever.
Sec. s. Be it further ordained, etc, That |
this ordinance be published in the official
journal of the town of Providence for fully |
thirty DAYS prior to the day of holding the |
said election. and that this ordnance take |
effect from and after its passage.
The Board then adjourned TO its reg
ular meeting, the first Thursday in No
vember.
G.. M FRANKLIN, Mayor.
w. H. FISHER, Secretary.