The southern sentinel., 1907-02-22
nRriNANcE NO. 60

OA&1NANlE NJ %
To provide for the issue OF water works bonds
to the amount Of 81 beo-o9 md for the leFy
and collection OF special tax with which
to pay the same.
Whereas, heretofore. 70 wit: On December
attn A. ID. 1905, by ordinance duly passed BY
the Mayor and Board OF Aldermen Of the Town
f VIII nfieid. Parish of Winn. Louisiana, 1t
was provided that an election be held IN said
town on January ., 1907, for the purpose OF
submitting to the qualified electors of said
town proposition for incurring debt
OF 81 500 90 for establishing 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
tax OF 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 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, 1t is now desired by ordinance to
provide for the contracting of such debt, the
issuance of such negotiable bonds. their form.
etc. and for lerying 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-
field, winn Parish. Louisiana:
That for the purpose of erecting and estab-
fishing a water works plant within and for
said town of WINFIELD, the negotiable bonds
OF said town shall be issued to the amount OF
Sc 10000 in denomination of $4,000 each to be
aated July 1. 1907. and payable as follows:
ten lIOl bonds July /, 1918; twelve tI2l bonds
July /, 1918; fifteen I5l bonds July l, 1923;
nineteen as) bonds July l, 1925; twenty-four
l2a bonds July 1, 1888; twenty eight t2s1 bonds
July /. 1888.
All of said bonds to bear interest at the rate
of per cent. per annum payable semi annual
IL on Jancary and July l 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 ii further ordained, that the said bonds
,all be in substantially the following form,
to-wit:
No. STATE OF lOG1SlAAA sZ1u.u9
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
ssate OF Louisiana, is justly indebted and for
value received promises to pay the bearer here
of on The first day of July, 1913. ETC., ETC., the
pFincipal sum of
TWO HUNDRED AND FIFTY DOLLARS
With interest thereon at the rate of i've per
cent per annum, payable semi-annually, as
evidenced by and upon presentation and sur
render OF the annexed interest coupons as they
severally become due.
Both principal and interest hereof are pay
able at the Hanover National Bank, New York
City.
This bond is one of series of 11o bonds OF
like date and amount but different maturities.
aggregating s27 10000 issued by the Town OF
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 a special election
OF the property taxpayers qualified as electors
of said town, legally called and held for this
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 all
acts. coalitions ond things required to be done
precedent to and in the issue of this bond,
have been properly had. done and performed
in regular and due form, time and manner, as
required by law and that the total indebted
ness OF the Town of WINFIELD. including this
| bond does not exceed the statutory or con-
stitutional limitations of the State of LOUIS
| lana. 1t is further certified and recited that
provision has been made for the levy and col
| lection of n special tax OF five mills on the
dollar on all taxable property OF said town for
period OF thirty years, for the purpose Of
paying the interest ON this series of bonds.as
| the same natures ana to provide for sink;n ;ng
| fund for tae payment OF the principal of this
seoies OF bonds as the same becomes due; the
proceeds OF which special tax have been and
are pledged for the said purpose exclusively,
and Of the prompt payment hereof, both prin-
| cipal and interest, the full faith, credit and
resources OF the said town are hereby ir-
revocably pledged.
1 In witness whereof. the Mayor and Board oi
Aldermen of the. Town of Winnfeld. Parish
or Winn, Louisiana, have caused this bond to
be signed by the Mayor and countersigned by
the Town Clerk and the corporate seal OF said
town 10 be affixed hereto, all as of date the
frst day OF July A. ID. 1907.
Countersigned:
Mayor.