The southern sentinel. (Winnfield, La.) 1883-1910, 1907-02-15
ORDINANCE NO. ss

ORDINANCE NO. es
To provide for the issue of water works bonds !
To the amount OF 81, $1,000 md for the levy
and collection OF a special tax with which
to pay the same.
Whereas, heretofore, to wit: on December
9Th. A. ID. 1905. by ordinance duly passed by
the Mayor and Board OF Aldermen OF the Town
If Winfield, Parish OF VIM, Louisiana, it
was uroyitied that an election be held in said
town on January ., 1907. for the purpose of
a water works plant within and
for said town to that amount and OF issuing
the negotiable bonds of said town TO that
amount and of leyying and collecting special
tar of s mills on the dollar of all the taxable
property within the corporate limits of said
town for the period OF thirty years:
Whereas, as said election was duly called
and held on that date and resulted in more
than a majority in number and amount OF the
property tax payers, qualified as electors, OF
said town, voting in favor OF said proposition,
which said result was duly canvassed and
declared by the Mayor and Board OF Aldermen
of said town and the proclamation of the
Mayor duly promulgated, and
whereas, it is now desired by ordinances to
provide for the contracting of such debt, the
issuance of such negotiable bonds, their form,
etc., and for levying such special taxes, all as
required by law:
Now therefore, be it ordained by the Mayor
and Board of Aldermen of the Town OF Winn-
tiefd winn Parish, Louisiana:
That, for the purpose OF erecting and estao-
fishing a water works plant within and Tor
said town of WINFIELD, the negotiable bonds
of said town shall be issued TO the amount OF
So 10000 in denomination Of $4,000 each to be
dated July /, 1907, and payable as follows:
ten 10) bonds July L, 1918; twelve u2) bonds
July l, 1918; fifteen Cl5l bonds July !, 1898;
nineteen us) bonds July i, 1873; twenty-four
fa4) bonds July /. 1888; twenty eight t2S bonds
July l, 1898.
All of said bonds to bear interest ct the rate
Of per cent. per annum payable semi annual
ly on Jancary 1 and July Of each year at the
Hanover National Bank in New York City, and
10 be evidenced by interest coupons attached
to said bonds, both principal and interest to be
payable at the above mentioned bank, and
Be il further ordained, that the said bonds
lall be in substantially the following form,
to-wit:
No. STATE OF LOUISIANA $4,000
Parish of winn
Town of WINFIELD
Water Works Bonds
Know all men by these presents, that the
Town of WINFIELD. in the Parish Of Winn and
State of Louisiana, is justly indebted and for
| value received promises to pay the bearer here
OF on 3he first dav of July, 1913. etc, ETC., the
principal sum of
TWO HUNDRED AND FIFTY DOLLARS
With interest thereon at the rate OF five per
cent. per snnum, payable semi-annually, az
evidenced by and upon presentation and sur
render of the annexed interest coupons az they
| severally become due.
| Both principal and interest hereof are pay
able at the Hanover National Bank, New Yori
City.
/ This bond is one of q series of ITO bonds OF
| like date and amount, but different maturities
aggregating sal, $1,000 issued By the Town o.
Winfield, La, for the purpose Of constructing
| and establishing water works system within
| and for said town, under provision Of the
Constitution and laws OF the State OF Louisiana
and also under authority of q special election
of the property taxpayers qualified as elector'
| of said town, legally called and held for thu
purpose, and also in pursuance Of orders and
ordinances legally passed by the Mayor and
Board OF Aldermen Of said town:
1t is hereby certified and recited, That al
acts, coalitions ond things required to be dom
precedent to and in the issue Of this bond
have been properly had, done and performed
| in regular and due form, time and manner. -
required by law and that the total indebted
ness of the Town of WINFIELD, including thi
bond, does not exceed the statutory or con
| stitutional limitations Of the State OF Louis
lana. 1t is further certified and recited tia
| provision has been made for the levy and eel
lection of o special tax OF five mills on tn
| dollar on all taxable property OF said town 10
1 period OF thirty years, for the purpose o
paving the interest ON this series OF bonds .
the same natures and to provide for sinksn
fund for the payment OF tine principal OF thi
i seoies of bonds as the same becomes due; tn
proceeds of which special tax have been ant
are pledged for the said purpose exclusively
and Of the prompt payment hereof, both prin
cipal and interest, the full faith, credit an
resources of the said town are hereby II
revocably pledged.
In witness whereof. the Mayor and Board Q
Aldermen OF the Town OF Winndold, Paris
of winn, Louisiana, have caused this bond
be signed by the Mayor and countersiened b
the Town Clerk and the corporate seal Of sal
town to be affixed hereto, all ~ Of date th
srst day Of July A. ID. 1907.
Countersigned: