The Caldwell watchman. (Columbia, La.) 1885-1946, 1912-01-26

whereas, dL Sdlu SpeSioi e'NN
there was also submitted to the vote OF
the property taxpayers entitled to vote
in said school district No. 10 OF the
parish of Caldwell, La, a proposition
to incur debt and issue bonds to the
amount of One Thousand Dollars
$4,000. 0O), to run not longer
than five years from date and to
bear interest not exceeding five per
centum per annum, payable annually or
semi annually, for the purpose OF pur,,
chasing or constructing public school
building, title to which shall vest in the
public, or constructing public school
building and purchasing site therefor,
title to which shall vest in the public,
and
Whereas, the mourning Of said debt
and the issuance of said bonds for SAID
purpose was duly authorized blythe
vote of majority in both number and
amount of votes cast at said election;
and,
Whereas, said debt has not been in
Cured or said bonds issued.
Sec. l. Be it resolved by the Parish
Board of School Directors of the parish
of Caldwell, La, That the president
and treasurer of this board be and they
are hereby authorized and directed to
have prepared and to execute in the
name of the Parish Board Of Directors
of the parish of Caldwell, La, for and
on behalf of School District No. Is Of
said parish and State, 10 negotiable
bonds, numbered from l to 10, both
numbers inclusive, and in denomina-
lions of one hundred dollars each, bear
ing date of January 2, 1912, and matur-
ing and being due and payable on jan
uary2, 1913, or one year after their date,
bearing interest at the rate of five per
cent per ahnum, PAYABLE annually, on
the second day of January of each and
every year until the payment of the
principal sum thereof, both principal
and interest of said bonds to be payable
at the office of Treasurer of the Parish
Board of School Directors of the parish
of Caldwell, La, in the town of Column
bia, La, or at the Caldwell Bank at
the option of the holder of said bonds
or interest coupons; and said bonds
shall be known as "School District No.
Is Bonds"
The interest on said bonds shall be
evidenced by proper coupon attached to
each bond, and both principal and in
terest of said bonds shall be due and
payable in gold coin :of the United
States of the then present standard of
weight and fineness. Said bonds shall
be signed by the President of this bourd
and attested by the Treasurer. of this
board, but said interest coupons may be
executed by facsimile signatures of said
President and Treasurer.
Sec. 2. Be it further resolved, etc.,
That all of the said bonds and all of the
said interest coupons attaced thereto
shall be in substantially the following
forms, respectfully:
United States of America,
State of Louisiana,
Parish Of Caldwell.
School District. Bonds.
Etc, Etc. Etc.
Sec. 3. Be it further resolved, etc.,
That the proceeds of the sale of the
bonds herein authorized and directed to
be issued shall be devoted exclusively
to the purchasing or constructing of a
public school building, title to which
shall vest in the public, or construct
ing public school building and pur-
chasing a site therefor, title to which
shall vest in the public.
Sec. 4. Be it further resolved, etc.,
That the president of this board is
hereby authorized and directed to cause
such public advertisement of the pro-
posed sale of said bonds to be made as
he may deem advisable, and he may, in
his discretion, receive private or pnb-
lie bids for the purchase of said bonds;
but the sale thereof shall be made only
after approval thereof by resolution Of
this board. No bids for less than par
and accrued interest on said bonds shall
be considered.
Sec. 5. Be it further resolved, etc.,
That in accord with the authority vest
ed in this board by the vote of the ma
! jority of the property taxpayers. quail.
fled to vote thereon, at special cleo.
] ton duly and regularly held, special
, tax of five mills on the dollar of the
assessed valuation is hereby levied on
all property subject to State taxation
in said school district No. Is of the
/, parish of Caldwell, La, beginning with
and including the year 1912, and for al
: subsequent years to and including the
year 1916, for the purpose of paying the
interest and principal of the bonds
herein authorized to be issued, and the
proceeds Of said tax so to be solicited
y shall be sacredly devoted and applied
to the payment of said interest anc
: principal as same shall become due.
Sec. 6. Be it further resolved, etc.
> That as said special taxes are collected
and received by this board, they shall
5 be applied first to the payment of an,
interest or principal of said bonds thel
maturing, and any balance shall be Sc
} aside separate and apart from all othe
u funds Of the board and shall be known
i as the General Sinking Fund, which
n fund shall be invested from time t,
y time in such bonds or other securitie
as. may be authorized by law, but n,
Investment shall be made except whel
# duly approved by resolution ofthis boar,
.. On January 2, 1918, and on the sam
TO date of each year thereafter, Their
rs shall be set aside from the genera
Is sinking fund for the payment of tn
ct principal of said bonds an amount sui
IF ficient to pay 5000 of the principal o
ID said bonds, then outstanding, whic
I'd said funds when so set aside shall b
le known as the Specific Sinking Fund
I'd and shall be applied sacredly and ex
III clusively to the payment of the prime