The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-10-19
AN ORDINANCE.

sian ~ tbefax payers of the Town of
proyidence State of Louisiana, the pfopo-
,sifion for said Town TO incur dent OF
twenty thousand dollars tS20-D0o;) TO issue
bonds therefor; TO levy tax "a pay me
nrincipal 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 a 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-
vened That pursuant to the laws OF the 1
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 Il vote OF the property |
tax payers OF the town of Providence, to- |
wit:
That the said town be authorized TO con-
tract "A Gebt of twenty thousand (s20.Q00) |
dollars for the purpose of the erection or |
purchase OF combined waterworks and |
light system for said town and for said pur- /
pose tina! said Mayor and Town Council |
be authorized to Issue negotiable bonds |
therefor. hearing ) per cent per annuin in |
terest thereon. and payable as may be des- !
ignated by the Mayor and Town Council Of
safd town OF Providence, provided that |
none of said bonds shall run for more than
forty wears 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 Il 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. ,. Re il further ordained etc. That |
a special election be and Is hereby ordered
according 10 law. and to take the sense of
the property tax payers on said PROPOSE
lion. and that said election be held on
Thursday November 14th. 1901.
see. 3. Be it further ordained, etc.. That |
the ballots to be used at said election shaii
be printed in the following form, to-wit:
..For authorizing the town of Providence |
to contract debt of twenty thousand (S@0.- !
O0O dollars to pay for the erection or par |
chase of n combined waterworks ana Hsht |
system for the town. and in evidence there |
Of to issue negotiable bonds to. said |
amount. bearing interest at the rate OF . |
pei cent per annum, and payable as NAV De
designated by the Mayor and Town. toun-
oil of Providence, and in order to pay same
10 lew and assess annually special tax oil
i've mills on the dollar of the assessed val
uatiOn of the property in SAID town DeSln-
ming with the year 500. and lasting not eX.
ceediug forty wears. until sumc1ehC fuhu
has been provided 10 pay the interst ana
prjncinal of said bonds" And Against
authorizing the town OF Providence to con-
tract a debt of twenty thousand (S20.Oa0l
dollars 10 pay for the erection or pnrcase OF
a combined waterworks and light system
for the town. aud III evidence thereof 10
issue negotiable bonds TO said amount,
bearing interest at the rate OF per cent
per annnln. and payable AS may be deslg-
flt Nav md
Providenee aud in order to pay same TO
lew aud assess annually IA special tax OF
mills on The dollar. beginning with the
wear 1902 and lasting not exceeding iorty
wears until sufficient funds are provided lor
the payment OF the principal and interest
OF said bonds.
Sec. 4. Be it further ordained. etc, That
the hoard of supervisors of election OF the
parish of East Carroll are hereby requested
10 appoint commissioners OF election and
clerk to serve at the polling place, 10 give
due notice OF said appointments. ana OF The
time and place OF holding OF SAID election,
and TO make returns of said election ac-
COZ ding to law TO the Mayor of the town oil
Providence. who shall announce ana pro-
mulgate results of said election according
to law. ~
See. Be 1t further ordained. ETC., That
the assessor OF the parish OF East Caffoll
shall furnish to the commissioners OF cleo
ers OF the town, with the amount OF
their assessments respectively. duly GER
tilted: and the registering officer OF SAID
town shall furnish duly certified list OIL
the electors of said town to the commits
sioners OF election.
See. Is. 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 of the State of Louisiana, and before
depositing same in the ballot box shall en-
dorse thereon. in the presence OF .sueh vo-
ter the name of the voter and the amount
of the valuation OF his assessed property,
and snid commissioners shall make a return
of the number of votes Tor and against the
I levy OF said special tax.
Sec !. Be it further ordained, ETC.. That
upon the return of the result OF said elect
ion. and the PRONUNCIATION Thereon. IL IL
shall be found that majority in number
and amount of the property tax payers
qualified rs electors under the constitution
and laws of the State OF Louisiana, shalt
| have voted in favor of the proposition sub
mitted to the tax payers. then and III that
| event the Mayor and Town Council OF the
! town of Providence shall be authorized 10
! pass an ordinance providing for the eXecu-
| tion of the bonds, prescribing the form OF
/ same. declaring the manner and sum In
which they shall be redeemable. liking the
date or dates of their maturity, the mode
/ in which they shall be sold or disposed OF,
and providing for the payment 1.-THE prln-
! cinai and interest of the said bonds by the
levy OF IA special tax of mills on the dol
lar on the assessed valuation OF all the prop
I erty in the town OF providence, until Tue
maturity of said bonds.
See. 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
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
for any other purpose whatsoever
See. :. 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 ordinance take
effect from and after its passage.
The Board then adjourned to its reg
ular meeting, the first Thursday in No
, vember.
G. NJ FRANKLIN, Mayor.
w. II. FISHER. Secretary
Lake Providence, La. Oct. 9. 1901.
, Snecial Notice.