The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1907-10-12
Special Meeting Town Council.
FRANKLIN, La, Oct. II, 19

FRANKLIN, La, OCC. IL, l0U6.
The Honorable Council met in
special session, Mayor J. c. Lew
is presiding. Mr.. A. S. Achee,
absent.
The Mayor stated that tho OBJ
iect Of the meeting was to pro-
vide for the payment of the new
electric light plant. According ly,
the following ordinance was in
troduced by Mr.. Frost, and on
motion by himself, duly seconded
was adopted, viz:
ORDINANCE No. 12d.
Whereas, the town OF Franklin is ia
need of a more extensive system OF
electric lights. to replace the system now
in use, and
Whereas, said town haa now become
financially able to erect the same. out OF
the present and future revenues collected
by ad valOrum and license taxation.
above statutory, ordinary and usual
obligations, as contemplated by law:
therefore,
SECTION l. Be it ordained by the
Mayor and Council Of the town Of Frank
lin. that the Mayor. John C. Lewis be,
and he is hereby authorized to carly into
effect the contract entered into between
tic town Of Franklin and Muralt e. Co.,
of dat. the 9th. day of June, 1907. t"
erect and construct q system at e!rctr'c
lights as therrin provided for, aud the
plans and specifications theret" attached
and made n nart thereof, the contract
price therein being Twenty-eight THOU
sand 1925, 900 OO) Dnl!ars to he paic in
ten instruments, beginning with the first
day of January, 1908, and ending with
the flrst day Of January, 1917. inclusive.
SECTION 2. Be it further ordained,
etc. That for the purpose Of carrying
out the objects and purposes above set
forth, the said sum of Twenty-e'ght
Thousand (s2S, 1000. 0O Dollars. or so
much thereof as may be necessary. be
and the same is hereby appropriated ANA
set apart for the said pArpass. oNt Of
the ;avasuss IF TIE Years and 10 the
manner following" to.wit:
The sum Of Forty :six hundred IA ,60O.-
O0l Dollars out Of the revenues Of the
year 1907. above statutory, ordinary
and usual charges. as contemplated by
law. together with five per cent. interest
per annum from the date of this
ordinance to maturity as hereinafter
stipulated; and the sum of Twenty .six
Hundred (s2. 900 .O0I Dollars opt Of the
revenues Of the year 1905, a. Ahuv. act
roth togethey With ave per cent. in
terest per annum from the date of this
ordinance to maturity, as hereinafter
stipulated; and the like sum Of Twenty
six Hundred (S2. 500. 0O Dollars, together
| with five per cent, interest per annuM
from date to their respective Maturities,
Ina hereinafter stipulated. out of the re-
venues OF the years 1909, 1910, 1911,
1912, 1919, 1914. 1915, 1919, all to be out
of the revenues of 1aid town above
statutory, ordinary and usual charges. o.
charges existing under time contracts. a
contemplated by law.
SECTION 8. BE it further ordained
etc. That the foregoing appropriations
shall be evidenced by certificates OF pay
ment or certificates Of Indebtedness
which shall be numbered consecutivel!
from number to number 10, and shall
mature end become due and payable, j.
their numerical order. as above set forth
} on the first day of January Of each yea
beginning with the year 1908, and end
ing with the year 1917; all of sai'
certificates shall be issued to the salt
Muralt & Co., or to any person whom