The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-02-18

park and creating q commission, wa
adopted, and had agreed upon tn
location Of said park, and had solicit
ed James A. Peterman its Mayor, Il
| urchase the site agreed upon, tina
same might not get into the cOntro
Of some one who would desire tC
speculate upon the town. and who
would at the same time sell said prop
erty to said town on terms of credi'
that would enable said town to &C
quire, purchase and pay for same, Out
of the revenues thereof, and, whereas
said James A. Peterman did on the
9th, day of January, 1911, purchase
the site so agreed upon, which site is
described as follows, to-wit
THAT certain tract or lot of ground
lying and being situated in the cor
Parish of st. Mary, State of Louis
lana, known as the Johnson property,
and bounded on the north by street
or alley separating this property from
the property of Ehrhardt, Lemke and
others; east by First street of said
town; South by lands of Frank j.
Charpiat, and west by Second street of
said town, together with all the build
ings and improvements on said lot
situated, rights, ways, privileges and
servitudes thereunto belonging
Now therefore, be it resolved and
ordained that r. Emmett O'Niell,
Councilman, and Clarence A. Aycock,
Secretary OF the town council, be, and
they are hereby authorized, empower
ed, directed and ordered to purchase
from James A. Peterman, the property
above described at the price and for
the consideration of Sixty-eight hun
dred thirteen and 20-lOO (S6Sl3.20) Dol
lars; Seven Hundred and Fifty Dol
lars (s750.0O) of said puchase price
to be paid in cash at the execution OF
the deed, to do which, the Secretary is
authorized to draw his warrant upon
the Treasurer OF said town for said
sum, to be cOuntersigned as provided
for in the drawing of such warrants,
the balance of said purchase price to
be made payable in eight equal annual
installment of Seven Hundred fifty
seven and 90-10O ($757.9O) Dollars,
payable respectively as follows, and
out of the revenues of said respective
years, to-wit: February fifteenth Q5)
of the years 1912, 1918, 1914, 1915,
1916, 1917 ,i19lS and 1919.
The said credit installments to bear
interest at the rate of five per centum
q per cent? per annum, the interest to
be payable annually on the entire
credit portion, and to stipulate in the
deed that the failure to pay the credit
installments as they mature, and the
interest annually, shall have the effect
of maturing all the unmatured in
stallments.
Said r. Emmett O'Niell and Clarence
A. Aycock, are authorized, to represent
the said credit installments, to sign,
execute and issue eight 81 certificates
of Indebtedness or prOmissory notes,
payable at the epochs aforesaid, to
the order of the town and by it en-
dorsed in blank, dated February 18th,
1911, and to bear interest from date at
the rate of five per centum per annum.
The said r. Emmett O'Niell and
Clarence A. Aycock are further au-
thorized to stipulate for the payment
of ten per cent attorneys fees in case
of suit to collect said amount, or to
recover the property, and to stipulate
in favor OF the vendor the usual and
customary security clauses.
Done, ordained and passed in open
meeting at Franklin, Louisiana, this
18th day of February, 1911.
j. +. BOUDREAUX, Acting Mayor,
C. A. AYCOCK, Secretary.
Ordinance No. 156 relative to the
Council appointing a commission to
take charge of the Park was intro
duced, and on motion of Mr.. Morris,
seconded by Mr.. Boudreaux and duly
carried, said ordinance was adopted,
after which the Mayor and Council
men appointed the following parties
to compose said commissions: DR.. B.
w. Smith, E. A. LOustalot. w. Il.
Gates, c. N. Frost and Isaac Mayer.
ORDINANCE 156.
An ordinance to dedicate park with
in the Town of Franklin and to
create a commission for its main
tainance and government
SECTION l. Be it ordained by the |
Mayor and Council of the Town of |
Franklin that the property hereinafter
set forth and described shall be set
apart for public park for the citi-
zens of the Town of Franklin and the
public in general, to-wit:
1Hdt certdln Tdcl or lou or ground |
lying and being situated in the cor
porate limits of the Town of Frank
lin, Parish of st. Mary, State 81
known as the Johnson
property and bounded on the North
by street or alley separating this
property from the property of Ehrh-
ardt, Lemke and others, East by First
street OF said town, South ,by lands
If Frank Charpiat, and West by