The Caucasian. (Shreveport, La.) 1900-192?, 1903-06-28
AN ORDINANCE


dollars (S2o,ooo), represented by
twenty bonds of one thousand dol
lars ($Iooo) dollars each, bearing
four ca per cent per annum in
terest, payable semi-annually, for
the purpose Of laying and con-
structing certain storm sewers in
the city of Shreveport, and levying
a special tax of one fourth (I-4) of
one CD mill on the dollar for the
period of thirty (3o) years to pay
the principal and interest of said
bonds.
Whereas, on May IL, 1903, through
out the city of Shreveport, after full
compliance with the laws in such cases
made and provided, and after thirty
days due notice and advertisement of
same, an election was held to take the
sense of the property taxpayers of said
city on the question of the city of
Shreveport's mourning debt of twenty
thousand dollars ($2o,ooo) for the pur-
pose of laying and constructing storm
sewer ON Crockett street from Edwards
to Louisiana, thence on Louisiana from
Crockett to alley between Milan and
Crockett on Marshall from Crockett to
alley between Milan and Crockett, on
Mcneil from Crockett to Milan; also
a storm sewer on Edwards street from
Texas to Travis, thence on Travis from
Edwards to Marshall; also a storm
sewer from intersection of Lawrence
street and Texas avenue to intersection
of Christian and Travis streets, in the
said city, to cost twenty thousand dol
lars ($2o,ooo), or such part thereof
as may be necessary, and to issue nego-
table bonds of the said city to the ex-
tent of twenty thousand ($2o,ooo) dol
lars for said purpose, running for pc
Rod of thirtv (3o) years, to be dated
January I, 1903, with interest payable
seni-annually at the rate of four "a
per cent per annum; and, in order to
pay same, to lHy and assess special
tax of one-fourth (I-4) of one ~ mill
on the dollar per annum on the assess
able property Of the city of Shreveport
for the following years, to-wit: 1909,
1904, 1905, 1906, 1907, 1908, 1909, 1910,
IQII, 1912, 1913. 1914. 1915, 1910, 1917,
1913, 1910, 1920, 1921, 1922, 1923, 1924,
1925, 1896, 1927, 1928, 1920, 1880, 1881,
1892, or as many years thereof as will
suffice for the payment of the principal
and the interest of said bonds.
And, whereas, at said election, duly
and legally held, returned and pronnul-
gated, the property taxpayers voted fav-
orally in number and amount for said
bond issue and authorized the said city
to contract said debt and issue said
bonds and to levy said tax;
Therefore be it ordained by the city
council Of the city Of Shreveport, in
legal and regular session convened, that
in number, and for one thousand dol
to twenty, inclusive, bearing four ca
per cent interest per annum interest, the
interest on same being payable semi
annually on the first day of July and the
first day of January each year, begin
ming with the first day Of July, 1909,
and the principal payable thirty (3o)
years from the date Of said bonds, jan
uary I, 1903; said bonds not to be ne
gotiated until required for said inn
provements, and any past due coupons
attached at date of negotiation to be
clipped off of same.
Be it further ordained, that the said
bonds shall be entitled Bonds for lay
ing and Constructing Storm Sewers in
the City Of Shreveport, Issue of 1908,
for $4,000, and the mayor be and he
is hereby instructed to cause said bonds
to be prepared at once. and to sign each
bond together with the comptroller of
the said city.
Be it further ordained, that in order
to pay the principal and interest of said
bonds, special tax of one-fourth (I-4)
of one II mill on the dollar of the as
sessed valuation upon all property Sub
ject to taxation within the city of
Shreveport be and the same is hereby
levied for the years 1903, 1904, 1905,
1000, 1907, 1908, 1909, 1910, 1911, 1912,
1913, 1914 1915, 1916, 1917, 1913 1919,
1920. 1921, 1922, 1928 1924 1926 1926,
1927 1928, 1929, 1890, 1891, 1892, until
a sufficient sum is provided to pay the
said bonds. principal and interest
Passed Mrouoh its first and second
readings by the following vote: