The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1906-04-04

A regular meeting OF the
Council was held Monday night
with all members present and
also number of interested
citizens. After the reading of
the minutes the usual order of
business was taken up. The
first matter to be disposed Of
was the approval of bills. Fol
lowing which the Mayor in few
words introduced the subject of
the proposed bond issue, calling
attention at the same time to the
exceeding Importance of the
contemplated move. The or
dinance was then read and ad-
opted as follows:
AN ORDINANCE authorizing an
election upon the question of
issuing bonds for City purposes
and providing for the payment
thereof.
Whereas, in the opinion of the
Mayor and Council of the Town of
Lafayette it is necessary that said
Town should have new graded
school building, a city hall building,
and that its present system of water
works and electric light plant shall
be extended and enlarged. the best
interests of said town demanding
such buildings and improvements:
Now, therefore,
Be it ordained by the Mayor and
Council of the Town of Lafayette as
follows:
Section l. That an election 0e held
and the same is hereby ordered in and
for said Town under the provisions of
Article 2S1 of the constitution of said
State and of said act las of the Gen.
eral Assembly of said State of
Louisiana of 1902 on Tuesday, the 9TH
day of May, 1906, between the hours
of seven O'Clock a. M, and five
O'Clock p. M, at the court house in
said town for the purpose of taking
the sense of the property taxpayers OF
said town qualified as electors under
the constitution and laws of said
State as to whether said town shall
incur debts and issue negotiable
bonds therefor and levy and assess
special taxes on the property in said
town subject to taxation therein for
payment of said bonds and interest
thereon, said debts, bonds and special
taxes to be in the sums and for the
purposes and at the rate following:
First: To incur a debt of Sixty
Thousand Dollars 1850, ,OO0.) for the
purpose of constructing in said Town,
on land acquired by it for such pur-
pose, graded school buildings and to
issue the negotiable coupon bonds of
said Town in said sum of Sixty
Thousand Dollars 1850, 600. at per
cent interest, payable semi-annually:
said bonds to run for and be payable
within 25 years.
Second: To incur a debt of Five
Thousand Dollars ($5,OOO.) for the
purpose of constructing in said Town,
on land acquired by it for such pur-
pose, a city hall for the use of said
Town and to issue the negotiable
coupon bonds of said Town in the
sum of Five Thousand Dollars ($5, 600.
at 5 per cent interest, payable semi
annually: said bonds to run for and
UC pdyd "lUhiu ~ y cars.
Third: To incur debt of Thirty
five Thousand Dollars 1885, ,0O0.) for
the purpose of extending the Water
Works System and Electric Light
Plant of said Town and improvements
made thereon in the sum of Thirty
five Thousand Dollars $50, 600. at 5
per cent interest, payable semi-an-
nually: said bonds to run for and be
payable within twenty-five years.
Fourth: TO levy a special tax of
five (5) mills upon each dollar of the
valuation of the Town of Lafayette
in each of the years 1906 to 1890, both
inclusive, or 80 much thereof as may
be necessary for the purpose of pay
ing the principal and interest of such
of the bonds as are authorized at
said election.
Section 2. That Felix MOutOn, F.
K. Hopkins and Raoul Pellerin be
and they are here appointed commits
sioners and Jerome MOutOn, clerk, to
serve at said election as provided by
law.
Section 3. That the Mayor of said
Town be, and he is hereby authorized