Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1902-01-24
ORDINANCE No. "a
ADOPTED BY THE
MAYOR AND BOARD OF ALDERMEN OF
TIE VILLAGE OF s. JOSEPH,
January 7th, 1902.

An ordinance Relative to the Is
suance of Bonds, and Provid-
ing for the Payment of the
Principal and Interest There
of. |
Be IL Ordained BY the Mayor and
Board of Aldermen Of the Village oil
81. Joseph, That whereas. ut an
election, held in said Village, on
the 10Th day of July, 1901, under
the provisions Of Art. 281 of the
Constitution of Louisiana, of 1898,
to take the sense of the property
tax payers of said Village, quail
lifted as electors under the Constr
tuition and laws of this State, AZ
to the propriety Of said Village
borrowing the sum of Three Thou
sand Dollars, and issuing negOtia-
hle bonds therefor, for the pur-
pose of paving and improving the
streets, roads and alleys of the
said Village, constructing q sytem
of waterworks therein and for the
further purpose of draining, light
ling and building bridges in said
Village, said bonds to run Ten (1O)
years aud to further take the sense
of said property taxpayers as to
the levyipg Of a special tax OF FIVE
mills on the dollar, on all proper
itv liable TO taxation in said Viii
Ilage, for the purpose of paying
1.-THE principal and interest of said
bonds: majority of said electors,
(both in number and amount, J
voted in favor Of the Issuance of
said bonds and the levy of said
tax, therefore,
|. SECTION /.
Be it Further Ordained; &c, That
1.-The bonds of the Village Of st. Jo-
sept, to the amount of Three Thou
sand Dollars, in denominations of
Observation-Disclosures each be issued
and sold, by the Mayor, at not less
than par, and the proceeds thereof
placed in the Treasury to the cred
1t of fund to be known as the
Drains ge and Paving Fund, the
same to be used for the improve
ments enumerated in the preamble
hereof. That said bonds shall bear
Interest, ut five per cent, payable
! annually; the principal being pay :
able ten (10) years after their
date, and shall be signed by the
Mayor and countersigned by the
Clerk of the Village Council. Said
r bonds shall be sealed with the
] Village seal and shall be payable
, to bearer, with interest coupons
attached.
,, SECTION III.
i Belt further ordained, &C., Tha,
: for the purpose of paying the prin.
8 cipal and interest of said bonds il
shall be the duty of the Mayor and
: Board 90 Aldermen to levy an
!, nually, to an amount sufficient fol
that purpose, a special tax, not IL
lexceed five mills on the dollar, Of
the assessed valuation of the Vii
lage; and that the proceeds of sale
Especial tax, so levied, shall be Sc
apart by the Treasurer, to pa,
said principal and interest ant
shall not be diverted to any othe
purpose.
IL SECTION III.
I'll Be it further ordained, &C., Tha
It this Ordinance is hereby declares
It to be q contract with any futur
If holder of the bonds issued under it
r provisions, and that the obligation
g of said contract shall in no name
le ever be altered or impaired to th
3, injury of such future holders
D said bonds.
Which being read in full was cor
sidered by sections, and after be
ing 80 considered was finally passe
the vote OH its final passage bein
taken by "yeas" and "na,s, ian
resulted as follows: s,
re Yeas--Messrs. Curry, Newell an
r. Skinner.
n. Nays-None.
\. Adopted January 7th, 1902.
ID w. M. DAVIDSON, Mayor.
-, Josiah p. Scott. Clerk.