The Caucasian. (Shreveport, La.) 1900-192?, 1901-06-05
AN ORDINANCE


Incurrinp a debt of 100000, represented
bv sixty bonds at $Iooo each, bearing
4 per {, mt per annuH interest, payable
in thirty years, and levyIng tax OF one,
! hall mill per annull to pay principal ano
| interest,".
Whereas, on April IS, 1901, at a spe-
1 cial election held throughout the parish
of Caddo, after more than thirty days
advertisement by the president OF the
police jury iii the official journal OF SAID
parish, to take the sense OF the prop
erty taxpayers of said parish on the queS-
ton OF the parish of Caddo mourning a
debt of 100000 for the purpose OF erect
ing a Jail, and in evidence thereof to
issue bonds of said parish to the extent
of 100000 Tor said purpose, with 4 per
cent per annum interest, payable SEMI
annually, and principal in thirty years,
and in order to pay same to authorize
the parish of Caddo to levy a tax of one
half mill per annum on the dollar of as
seSsed valuation upon the property sub
Ject to taxation in said parish for thirty
years until a sufficient amount is pro-
vided to pay the principal and interest /;
and.
Whereas, at said election duly and le-
gally held, and returns legally made and
caIlvassed, a majority of the property
taxpayers of said parish voting, voted
favorably in number and amount, and
authorized said parish to contract said
debt and issue said bonds and to levy
said tax; therefore,
Be it ordained by the police jury of
Caddo parish. in legal assembly con-
vened, that the said bonds be issued,
sixty in number and for $1,000 each,
of the parish of Caddo. numbered from
one to sixty, inclusive, bearing 4 per
cent interest per annum, the interest
payable semi-annually on the first days
of January and July, 1902, and of each
year thereafter. and the principal paya-
bic in thirty years from date, the date
of said bonds to be July I, 1901, said
bonds not to be negotiated for less than
par value; and to be made payable in
New York at place to be designated
in said bonds.
Be it further ordained that the said
bonds shall be entitled "Caddo Parish
Jail Bonds, issue of 100000" and the
president Of the police jury of Caddo
parish is hereby instructed to cause same
to be prepared at once and to sign each
bond together with the parish treasu-
rer and chairman of the finance commit
tee of the police jury of said parish.
Be it further. ordained, that in order
to pay the interest and principal of said
bonds. special tax OF one-half mill on
the dollar of assessed valuation upon all
the property subject to taxation within
the parish of Caddo be and is hereby
levied for the years, 1901, 1902, 1903,
1904, 1905, 1906, 1907, 1908, 1900, 1910,
1911, 1912, 1913, 1914, 1915, 1910, 1917,
1913, 1910, 1920, 1927, 1922, 1923, 1924
1925, 1926, 1927, 1923, 1920, and 1890,
until sufficient fund is provided to
pay said bonds and interest. and of the
so realized the sum of $4,000
Der annum shall be used for the payment
of the interest on said bonds, and the
remainder shall constitute a sinking
fund out of which shall be paid the
of the bonds so issued.
Which was adopted by the fol-
lowing vote: Hutchinson, Huckaby,
Monkhouse, Means, Oden, Rives, Tho
man, Winter, Young and Keith. Nays,
none.
p P KEITH, President,
A L DURlNGER, Clerk.
.-pril IS, 1901.