St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-12-09


to bonds, and said bonds to run for
a period of ten years, beginning with
the year 1911, and to dedicate the
that the said Mayor and Town Coun-
Gil is permitted to levy, for the said
period of ten years.
And whereas, there still remains
after the levy of the said seven and
cne-half mills on the dollar upon all
ia. able property within the corpor-
ale limits of the said town of Gov
iryscn for general revenue purpos-
es, two and one-half mills of the ten
mil tax authorized by Article 232 of
the Constitution of the State OF Lou
isiana, adopted May -, 1898, and
which said town through its town
council is authorized to levy and i'm
pose annually for revenue purposes.
T. arefore be it resolved by the
Magar and Town Council of the
town of Covington, Louisiana, That
the avails of the residue of the ten
mill tax, authorized by the Constr
futon and laws of the State OF
Louisiana, or so much thereof as
may be necessary to make the sum
of $4,000, and the additional
amount or sum necessary to pay the
interest thereon said amount be and
the same is hereby dedicated and set
aside for a period of ten years be-
ginning with the year 1911 and end
ing with the year 1921, which
amount of ten thousand dollars so
dedicated and set aside out of the
ayails of the residue of said ten
mill tax for the years herein speci-
fed and fixed, is for the purpose OF
erecting and constructing public
school house within the corporate
limits of the said town of Coving-
ton, the title to which shall be vest
ed in the public.
Be it further resolved, etc., That
the said amount of ten thousand
dollars herein dedicated and set aside
as specified herein and above be
bonded. That negotiable bonds to
the said amount of ten thousand
dollars be issued by the town of
| Covington. Said bonds to run for
a period of ten years, beginning with
the year 1911, and said bonds shall
be signed by the Mayor and the sec
rotary of the town council of the
town of Covington, and they shall
bear interest at the rate of per
cent per annum from date. Interest
to be paid semi-annually. Said
bonds shall me ture at the time, shall
be numbered and shall be for such
sums or amounts as hereinafter
specified and set forth.
Be it further resolved ETC., That
the bond issue herein provided for
IL l. lixrsl SS,+~
ed by twenty bonds, numbered from
No. 1 to No. 20, both inclusive, and
the amount or denomination of each
of said bonds shall be for the sum
of five hundred dollars. That two
| of said bonds, beginning with the
lowest serial numbers thereof, shall
mature and become due and payable
the list day of December 1912, and
| that on the same date of each veal
thereafter, two of said bonds shall
mature, and become due and pay.
able, according to Their serial mum.
Der, and SO on for each of the SAID
ten years said bonds are to run I'm.
til the entire series of said bonds
shall have matured.
Be it further resolved, ETC., Thai
two mills, or SO much thereof only
that may be necessary, of the residue
of the said ten mill tax the towr
of Covington is authorized to i'm
pose, is hereby levied upon all the
taxable property situated in the towr
1912, 1913, 1914, 1915, 1916, 1917
1918, 1919. 1920 and 1921, an6
that the avails, amounts, or sum de
rived from the levy and collection
Of this two mills, or SO much thereo1
as may be deemed me- cGsary, to be
levied for each of the said years
herein above specified and fixed, il
hereby dedicated and set aside fol
the sole purpose of paying the in
terest on the said bonds and the prin
cipal of said bonds as they ma
ture, and shall not be used for any
other purpose. And the tax collect
or of the town of Covington is here
by empowered, authorized and or
dered to collect in additio.A to the
seven and one-half mills levied fol
general purpose of providing rev
enues, and the four mills special ta1
for school purposes the said two
mills on all taxable property situated
within the corporate limits of thu
town Of Covington, for the year.
herein fixed, beginning with the yea
1911.
| Be it further resolved, etc, Tha
the amount or funds realized from
the sale of the bonds herein provid
ed, shall not be used for any othel
purpose than to erect and construc
a public school house within the cor
porate limits of the town of Coving
ton. And the said bonds herei1
shall not be sold for less than par
F. G.. MARRERO,
N. M. HEBERT, JR. Mayor.
Secretary.
It was moved by Emile Beau
coudray, seconded by Leon Hebert
that the above resolution be adopt
ed. Upon which motion the follow
ing voted yea: Robert l.. ALBERT
Emile Beaucoudray, Leon Hcbert
Paul J. Lacroix and j. Louis Smith
The following voted nay: None
Absent-M. P. blanche. Carried.
1t was moved by Robert L. ALBERT
seconded by Leon Hebert, that thu
council do now adjourn, subject tt
call, to consider the waterwork'
proposition, and such other business
as may come before the council al
at a regular session thereof. Car
lried.
| F. G. MARRERO,
/ N. M. HEBERT, JR., Mayor.
Secretary.
a r