The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-10-26
AN ORDINANCE.


sion to the tax payers of the Town of
Providence. State of Louisiana. the propo-
sition for said. Town to incur a debt OF
twenty thousand dollars (S20.G0o9 10 issue
bonds therefor; to levy u tax 10 pay the
principal ana 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 l. Be it ordained by the Mayor
and Town Council of the town OF Provi-
dence. in regular and lawful session con-
vened. That pursuant to the laws of the
State Of Louisiana. and to Article Pol of the
Constitution of the State of Louisiana. the
following proposition be submitted ac-
cording to law TO a 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 ,e0O)
dollars for the purpose of the erection or
purchase OF combined waterworks and
light system for said town and Tor said pnr-
pose; THAI said Mayor and Town Council
be authorized to issue negotiable bonds
therefor. bearing , per cent per anDum IN
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 tor more than
forty wears. aud 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 ut 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
years until a sufficient fund is provided to
pay said debt, as evidenced by said bonds
and interest
See 2 Be il further ordained ETC.. That
a special election he and Is Hereby ordered
according to law, and TO take the sense OF
the property tax payers on said PROPOSE
ton. aad that SAID election be held on
Thursday. November 18th. 1901.
See. 3. BE il further ordained, ETC.. That
the ballots to be used at said election shall
be printed in the following form, t0-wit:
.tor authorizing the town of Providence
to contract a debt of twenty thousand (S20,-
00O) dollars to pay for the erection or pur-
chase OF a combined waterworks ana light |
system for the town. and in evidence there
of. to issue negotiable bonds to said
amount. bearing interest at the rate OF D
pei cent per annum. and payable as may be
designated by the Mayor and Town Coun- |
Gil of Providence. ana inorder to pay same |
to levy and assess annually a special tax OF |
i've mills on the dollar of the assessed val |
uation of the property in said town begin |
ming with the ear 1902. and lasting not eX.
ceeding forty wears. until a Sufficient fund |
has been provided TO pay the interest and |
of said bonds" And Against
the town of Providence to con-
tract debt OF twenty thousand (S2O,000l !
dollars to pay for the erection or purcase of
a combined waterworks and light system
for the town. and IN evidence thei eof TO
issue negotiable bonds to said amount.
bearing interest at the rate of per cent
an ON he o.
mated by the Mayor and Town Council of
aud in order to pay same to
levy and assess annually special tax of
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 f. Be il further ordained, etc, That
he board of supervisors of election of the
parish of East Carroll are hereby requested
% appoint commissioners of election and
:lerk to serve at the polling place, to give
1ue notice OF said appointments. and OF the
ime and place OF holding of said election,
md to make returns of said election ac-
,oIding to law TO the Mayor of the town of
Providence, who shall announce ana pro-
nulgate results of said election according
o law.
See. D Be 1t further ordained, etc., That
he assessor OF the parish OF East Carroll
hall furnish to the commissioners OF cleo
ion complete list of the property tax pay
RS OF the town. with the amount of
heir assessments respectively. duly GER
flied; and the registering officer of said
own shall furnish duly certified list of
he electors of said town to the commits
toners OF electiou.
See. 6. Be it further ordained, ETC., That
he commission ers of election shall receive
be ballots of all the tax payers of the town
f N m
avs of the State of Louisiana, and before
lepOsiting same in the ballot box shall en-
orse thereon. in the presence of such vO-
er the name OF the voter and the amount
# the valuation oil his assessed property,
nd said commissioners shall make return
f the number of votes for and against the
evy of said special tax.
Sec. Z. Be it further ordained. ETC.. That
pom the return of the result of said elect
on, and the PRONUNCIATION thereof if 1t
hall be found that majority in number
nd amount of the property tax payers
ualitied as electors under the constitution
nd laws of the State of Louisiana, shall
ave voted in favor of the proposition sub
litted to the tax payers. then and in that
vent the Mayor aud Town Council of the
own of Providence shall be authorized to
Ass an ordinance providing for the eXecu-
ion of the bonds, prescribing the form of
anne, declaring the manner and sum in
which they shall be redeemable, fixing the
ate or dates of their maturity. the mode :
n which they shall be sold or disposed OF,
nd providing for the payment of the prin-
ipal and interest of the said bonds by the
eyy of special tax of mills on the dol !,
ar on the assessed valuation OF all the prop l
rty in the town of Providence, until the
laturity of said bonds.
Sec. g. BE it further ordained, ETC., That :
zone of said bonds shall be sold for less
han par. and that no part OF the funds
rising from the sale OF said bonds shall be
ppropriated or expended for any other
purpose than that specified in the propo- q
ition submitted in this ordinance; that no S
art OF said funds hereby authorized for .
pecia purpose shall be diverted or used
OF any other purpose whatsoever.
See. :. Be it further ordained. etc, That
his ordinance be published in the official
ournal of the town of Providence for fully
hirty days prior TO the day of holding the
aid election, and that this ordinance take
fleet from and after its passage.
The Board then adjourned to its reg
liar meeting. the first Thursday in No
'em Der.
g. M FRANKLIN. Mayor.
w. II. FISHER, Secretary