St. Landry clarion. (Opelousas, La.) 1890-1921, 1909-12-04

IN .ACAA SA& NS2
1908, voted and carried q special tax of
i've nails on the dollar, to be levied for
ten years beginning with the year 1909,
for the purpose Of constructing and
euuippinE q central school building, on
land to be donated at Pine Prairie Sta
tion in said school district the title to
which shall be in the public; and
Whereas, the Police Jury, on behalf
OF said School District, did Immediately
pass an ordinance levying said tax, for
ten years specified in the petition for
said levy, designating the years in
which said tax shall BIS levied and col
lected, viz: Ten years beginning with
the year 1906; and
Whereas the sum of the avafls of said
tax, estimated upon the tax rolls Of the
year 1909, will exceed l2l75.OO, one-tenth
of which sum will be available on JAN
uary LIST. 1910, and one-tenth each year
thereafter, on January 1st in each year
to and including January lst, 1909; and
Whereas, the proceeds of said special
tax have not been funded into bonds
Now therefore, be it ordained by the
Parish Board of School Directors of the
Parish of st. Landry, State of Louisiana.
Sec. 1. That for the purpose of funding
into bonds the proceeds OF said special
taxes there be issued bonds under au-
thority of Act No. "a, 1906, in the sum of
$4,000, as hereinafter provided.
Sec. q. Said issue shall consist of the
t~hfrty-one bonds of the denomination
of $4,000 each numbered ~consecutiVely
from one to 81 inclusive, dated January
1st 1910, and shall become due and pay
able as follows: two bonds of 10000 each
shall become due and payable on Jam
nary lst 1911, three bonds of $4,000 each
shall become due and payable January
Ist, 1919, three bonds of $4,000 each shall
become due and payable on January lst,
1913, three bonds of $4,000 each shall be-
come due and payable on Janu6ry LIST,
1914, three bonds of 100000 each shall
become due and payable on January 1st,
1915, three bonds OF $4,000 each shall be-
come due and payable on January LIST,
1916, three bonds of $4,000 each shall be-
come due and payable on January 1st
1917, three bonds of $4,000 each shall be-
come due and payable on January 1st,
1918, four bonds of $4,000 each shall be-
come due and payable on January LIST,
1919, four bonds of $4,000 each shall be-
come due and payable on January list
1920.
Sec. 8. Said bonds shall bear interest
at the rate of five per CEN per annnm
from their date, payable annually on
the first day of January of each year
the several instalIments of interest to
be evidenced by cupons attached to said
bOuuS4 anu bO1I PEluClpd4 Anu Interest
be payable in gold coin of the
States of America of the present
standard weight and fneness, at the Of
fee of the Treasurer of the Board of
Senool Directors of said Parish, in Ope-
Louisiana.
Sec. 4. Said bonds and interest coupons
shall he issued in substantially the fol-
form and phraseology:
States of America
State of Louisiana
Parish Of st. Landry
sCHoOLTA "A FUNDING BOND.
C..
MOL. $4,000
Know all men by these presents; That
the Parish Board of School Directors
Of the Parish of Saint Landry, State of
for value received. hereby
Acknowledges itself indebted to and pro-
misses to paw to bearer the sum eff thres
eundred dollars on the first day of jan
nary, 1911, with interest at the rate
of five per cent per annum from
date hereof, payable annually on the
day of January in each year, rs
evidenced by n upon the surrender
OF the annexed interest coupons, az they |
severally become due. Both prineipal
and interest of this bond are payable
in Gold Coin of the United States of
America of the present standard OF
weight and flneness, at the office of the
Treasurer Of said Board in Opelousas,
This Bond is one of series of bonds
Of like tenor and effect, expecting as TO
secntively from | to SO inclusive, con-
'tituting Series c., aggregating S9300.tO.
authorized by and issued pursuant to
Act. No. 81 of the General Assembly
the State of LOuisiana for 1906,
md ordinance No. 5. of the Parish
Board of School Directors Of said Parish,
passed on the oath day of November
1908, to fund into bonds the proceeds of
special tax of FIVE mills on the dollar
the assessed valuation of School Dis
No. one of said Parish, levied for
zach of the years 1909 to 1918 ~inciusiyes
voted and carried by said School Dis
5riet at IN election duly and regularly
1eld therein on the 10th day of Septem-
0eF. 1908, under the authority of Article
of the Constitution and the laws car
-yIng the sameinto effect for the purpose
If constructing and equipptng a central
'chool building, on land to be donated
vt Pine Prairie in said School District,
he title to which shatl be In the public.
The proceeds of said special tax are
iDecially dedicated to the payment of
aid bonds, both principal and interest
" buSY u4GbuAGs anu bIlHE lA1u GAuE u0G-
Gated shall not be diverted TO any pur-
bose whatsoever SO long as any bond of
series shall be outstanding and un-
paid.
And 1t is hereby certified, rectified
md declared that the proceeds of the
.peciaI AK dedicated to the payment
# said series of bonds will be ample for
payment of said bonds, principal
md interest as they mature; that all
cts, conditions and things necessary to
,e done precedent to and the issuing OF
aid bonds have been done, happened
nd performed in regular and due form,
$ required by the laws and Constitution
the State of Louisiana, and that the
Indebtedness evidenced by said series of
'onds does NO exceed any statutory or
institutional limitation.
In testimony whereof said Parish
so8rd Of School Directors of the Parish
I Saint Landry has caused this bond to
'e signed by its President and Secretary,
nd It's corporate seal to be hereto af-
-xeds at Opelousas, Louisiana, as of the
.rst day of January, A. d. 1910.
y. Thompson, o. P. Daily,
INTEREST COUPON saeDs'
10. /.
January LIST, 1911, the Parish Board of
chool Directors of the Parish of st.
landry, State of Louisiana, will paw to
carer in gold coin OF the United States
[ America OF the present standard of
and hneness, at the office of the
'%reasurer Of said Board, in O~pelousas.
.ouisiana, being the interest then due
II its Slhool Tax Funding Bond, Series
). No. dated January LIST, 1910.
j. Thompson, D. r. Dalv. {
Secretary, President.
Sec. 5. The president and secretsry OF
lis Board are hereby authorized and
to cause said bonds to be pre- !