The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1907-01-30
SCHOOL BOARD ORDINANCE.

up 01SAs
DR.. n. p. Moss, DR.. G.. A.. Martin.
Arthur COmeaux, j. H. Bernard. A.
ID. VerOt and Alcide JUDGE. Absent:
G. G. Brown.
The following ordinance relative to
the issuance of special school Ia
bonds was adopted and the secretary
was authorized to advertise for bids
in accordance with the provisions
ttarein:
BY DIR. Martin:
AN ORDINANCE providing for, and
authorizing the issuance of thirty
six (36) Gold Bonds of Five Hun
dred Dollars each and bearing
five per cent interest, in accord
ance with Act No. 81 of 1906.
Section /. Be it ordained by the
School Board of Lafayette Parish,
State of Louisiana. in regular meet
ing assembled, that, by virtue of the
authority and power vested in us by
the General Assembly of the State Of
Louisiana, the issuance of ~thirty-six
(36) Gold Bonds of the par value of
Five Hundred Dollars each, dated
Lafay cite. La, January 10, 1907, be
and the same is hereby ordered and
directed. Said bonds to be issued
against the special school tax for the
years 1907. 1908 and 1909. and having
been voted and carried throughout the
parish on the eighteenth day of June,
1908, said bonds to bear interest at the
rate of five per cent as provided for
by Act No. 81 from date until paid,
said interest to be paid annually at
the Office Of the parish treasurer. Lafa-
yette, La, on January Is, 1908, 1909
and 1910, said interest to be evidenced
by coupons attached to said bonds.
Section =. Be it further ordained
that the said t~hirty-six (36) bonds
shall be denOminated Series A and
shall bear serial numbers from l to 36
both inclusive, and shall mature as
follows:
Nos. / to II, both inclusive, on jan
uary Is, 1908.
Nos. Ii to "a, both inclusive, on
January Is, 1909.
Nos. rs to 80, both inclusive. on
Jan. Is, 1910.
Section 3. Be it further ordained
that the entire special tax of three
mills for six years, duly voted and
carried June Is. 1903, throughout
the parish, said election hav-
ing been duly promulgated by the
Police Jury. and levied on the as
sessed valuation of the property of the
parish of Lafayette, or so much of
said tax as may be necessary, and the
same is hereby specifically pledged
and dedicated to the exclusive pay.
ment of both accrued interest and
principal of the bonds of Series A,
Nos. l to 36, both inclusive.
Section 4. Be it further ordained
that the following wording shall be
used for the bonds to be issued under
this ordinance:
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF LAFAYETTE,
THE FIVE PER CENT GOLD
BONDS OF THE SCHOOL
BOARD OF LAFAYETTE
PARISH.
$500. Series A, No. -
Lafayette, La, Jan. Is, -
years after date, the School
Board of Lafayette parish promises
to pay to bearer of this bond the sum
Of ave hundred dollars in gold coin
of the United States, of the present
standard of weight and fineness, at the
ONCE of the Parish Treasurer of Laf-
ayette Parish. at Lafayette, La, and
to pay interest hereOn at the rate of
i've per centum per annum from date
until paid, said interest to be paid in
the same coin and at the same place
% the principal aforesaid, annually
on the fifteenth day of January upon
the surrender and cancellation of the
coupons hereto attached as they shall
severally mature.
This bond is one of a series of thirty
six 1857. bonds denominated Series A,
OF like amount, date, tenor and effect,
az the School Board of Lafayette
Parish, State of Louisiana, known as
the FIVE PER CENT GOLD BONDS
OF THE PARISH OF LAFAYETTE.
series A, authorized by and issued
pursuant to Act No. 81 Of the General
Assembly Of 1905, and ordinance No.
4 OF the School Board of Lafayette
Parish. adopted January 3, 1907, in
regular meeting assembled, and both
u principal and interest are secured
b. the proceeds of the special tax of
three mills for six years on the asess-
"a valuation Of the property Of the
snarish, said tax having been voted
and carried June 10, 1903, and first
collected in 1904.
In testimony whereof the said
School Board of Lafayette parish
have caused the name of their presi-
dent and secretary to be affixed here
unto % their bond and promissory
note, ct Lafayette, La, this fifteenth
day Of January, A. d. 1907.
Section 5. Be Il further ordained
that the following wording of coupons
Ia attached to the said bonds,