The southern sentinel. (Winnfield, La.) 1883-1910, 1907-09-06

scsSlOu COnNSncu- 1nal OToihduCc NO. 20 u
the Mayor and Board of Aldermen Of the Town
of WINFIELD, approved February the 5th, 1907,
be and the same is hereby readopted so as to
read as follows:
ORDINANCE NO. So
To provide for the issue of water works bonds
TO the amount of ST $1,000 and for the levy
and collection of a special tax with which
to pay the same.
Whereas, heretofore, TO wit: on December
4th, A. ID. 1896, by ordinance duly passed by
the Mayor and Board of Aldermen of the Town
of Winnheld, Parish of winn, Louisiana, it
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 a proposition for mourning q debt Of
81 $1,000 for establishing 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
levying and collecting a special tax of 8
mills on the dollar of all 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 or said proposition,
which said result was duly canvsssed 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 ordinance to
provide for the contracting of such debt, the
issuance OF such negotiable bonds, their form,
etc., and for levying such special taxes, al as
required by law:
Now, therefore, be il ordained by the Mayor
and Board of Aldermen of the Town of winn-
field, VIM 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
81 0.o0 in denomination OF $500 each to be
dated July l, 1907, and payable as follows:
ten Clo bonds, January l, 1913; twelve Q2D
bonds January l, 1918; fifteen 15) bonds jan
uary /, 1873; twenty CD bonds January !, 1873;
twenty-four Cea) bonds January l, 1888; twenty
nine C2e) bonds January 1, 1888.
All Of said bonds to bear interest at the rate
of per cent. per annum payable semi annual
ly on January and July of each year at the
Hanover National Bank in New York City, and
to be evidenced by interest coupons attached
to said bonds. both principal and interest to
be payable at the above mentioned bank, and
Be it further ordained, that the said bonds
shall 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, i'm the Parish of winn and
State of Louisiana, is justly indebted and for
value received promises TO pay the bearer
hereof on the first day Of January, 1913, etc,
etc., the principal sum of
TWO HUNDRED AND FIFTY DOLLARS
With interest thereon at the rate of 1--WE per
cent per annum, payable semi-annualy, as
evidenced by and upon presentation and sur
renoer Of the annexed interest coupons as
they severally become due.
Both principal and interest hereof are pay
able 1T the Hanover National Bank, New York
City.
like date and amount, but different maturities,
aggregating ss7 10000 issued by the Town Of
WINFIELD, La, for the purpose Of constructing
and establishing a waterworks system within
and for said town, under provision Of the
Constitution and laws OF the State of Louis
lana and also under authority Of q 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 aud recited. That ali
acts, conditions and 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 mas been made for the levy and coli
lection of q special tax Of Eve mills on the
dollar on all taxable property of said town for
period of thirty years, foI the purpose Of
paying the interest on this series Of bonds as
the same natures and TO provide for sinking
fund for the payment Of the principal Of this
series Of bonds as the same becomes due; the
proceeds Of which special tar have been and
are pledged for the said purpose exclusively.
and OF the prompt payment hereof, both
principal and interest. the full faith, credit
and resources of the said town are hereby ir-
revocsbly pledged.
In witness whereof, the Mayor and Board of
Aldermen of the Town Of WINFIELD, Parish OF
VIM, Louisiana. have caused this bond to be
signed by the Mayor and countersisned by the
Town Clerk and the corporate seal of said
town 10 be affixed hereto, all as of date the
,irst day OF July, A. ID. 1907.
Countersigned;