The Caldwell watchman. (Columbia, La.) 1885-1946, 1911-11-24
NO. -------- S--------,
School D strict Bonds.
Etc. Etc. Etc.

School D strict Bonds.
Etc. Etc. Etc.
Sec. 8. Be it further resolved, etc.,
Thay the proceeds Of the sale of the
bonds herein authorized and rected 10
b. issued shall be devoted exc rsively
10 the purchasing or consarue:,g of a
public school, build G, title to which
s,,all vest in the public, or construct
ing public school b lc ng and pur-
chasing site therefor, ii, e to which
Shall vest iii tie public,
Sec. 4. he .Jiu:,her resolved, ETC.,
That the president of this board is
hereby auy lorized and directed to cause
such public advertisement of ire pro-
posed sale OF said bonds to be nJde as
.le may deem advisable, and ne may, in
his discretion, rece We private or pnb-
.: BIDS TO: the purchase of said bonds;
bu. he sale thereof sha | be made only
sster approval the eof by resolution Of
tn 8 1osru. No b DIS TO- less Than par
and accrued interest on said bonds shall
be con: !dered.
Sec. 5. Be It further resolved, etc.,
Tha, in accord with the authority vest
ed in this board by The vo,e of the ma
jorily of the properly laxpa 'ers. quail
fled 10 vote thereon, ct special cleo
ton duly and regularly he'd, q special
tax OF five mills on the dollar Of the
assessed w u21ion IS he. eby leviet: on
all property subject to sta,e ia atm
in said school, dis;rct No. 4 of he
pa. ish Of Ca dwell, La, beginning with
and including The year 1912, aid ioi all
subsequent years to and inc udi, the
year 1921, for the purpose OF payi., !, the
interest and pnineipa of the bu Ids
herein author sed 10 be issued, a q The
proceeds of said tax so 70 be sol ctted
shall be sacIed.y devoted and spp,ied
to the payment of said ineeret, and
principal as same shall become due.
Sec. 6. Be Il further resolved. ctr
That az said spec;:. ares are col'ecte,;
and rsce we'd by his board, they shall
be ap21 Ell fi..y to he payment Of anv
in eres, o. pri..c p. OF said Donds then
ma u ing. and any ba'ance shall be set
g. de Sc os:ate and apart from all other
lads O., Tile board and shall be known
as the Gene al Sinking Fund, VIII
iund .iia'l be invested from u ne to
time III s. CHI bonds or other securities
as may be au, horiAed by law, but no
nves ment ;hall be made except when
duly approved by resolution of this board
Ga January 2, 1913, and on the same
da.e O. each year thereafter, ,here
shs ] De set aside from the gener,I
SIN. 'g fund for Tie paymeat o. ;he
piiaei 3ai Of said bonds al, amount s,,f.
tcient 90 pay $3.50 of the princiDa, Of
said bonds, then outstanding. VIII; h
said funds when 60 SET ASIDE s,; he
known as the Specific Sinking Fund.
and shall be applied sacredlv and e :,
ciusive'y to the payment of me p.inc;.
pal Of said bonds as they mature
Unanimously adopted
The follow ing committee for tho
building OF said school house at Comm.
bia, La. was named: G. 4. McSween
! E. H. Turner, R. r. Reddjtt " e.
WEIGH and W. E. Godfrey, said com.
mittee being authorized to approve and
select plans for the construction Of ths
same, elect and contract with arch;.
tects, award the contracts for the erec.
lions OF the proposed building, and
receive same when complete.
| Geo. H. Baker was appointed ,oco,