St. Landry clarion. (Opelousas, La.) 1890-1921, 1912-07-27
Council Proceedings

HE0HS4Od5c5, AGsS 0A4J
To the Members of the Board of
Aldermen of the City of
Opelousas, La.
Gentlemen: You are hereby
notified that there will be meet
ing of your Hon. Board this
4 Tuesday evening, July
18th, 1912, at 500 o'clock, ps m,
for the purpose Of negotiating
a loan for the Power Plant and
for the further purpose of au-
thorizing the Mayor to issue q
certificate of Indebtedness in set
tlement of amount due the Union
Bank and Trust Company by the
Fire Department.
E. E. LOEB, Mayor.
Attest: ]. B.. A. stage, City
Clerk.
Received the above notice on
the 18th day of July, 1912, and
on the same day and date I no.
titled all the members Of the
Board of Aldermen in person, ex-
[cept Mr.. Simon Sicily. I did not
serve any notice on him as he and
his family were absent from
home.
G. {. HAYES, Marshal.
lOpelousas, La, July lis, 1912.
The Board of Aldermen met IN
special session, pursuant to above
call. Present: E. L. Loeb, Mayor,
presiding; Aldermen: DANIEL,
Blacksher and BoWden.
There being a quorum present
the meeting was called to order.
Whereas, the City of Opelou-
sas, La, is in immediate need Of
Fifteen Hundred Dollar
($1500. 00l for the purpose De
purchasing material and fuel for
the Power Plant; and
Whereas, the budget appropri-
alton for that purpose and other
available appropriations are ex-
hausted, and it is necessary and
imperative for the effective oper-
alton of said plant, that said
sum be procured at once BY con-
tracing a loan, and pledging for
the security thereof, the excess
of annual revenues of the year of
1913, above statutory necessary
and usual charges; now
Therefore, be it resolved that
the Mayor of said City be and he
is hereby authorized and directed
to borrow the sum of Fifteen
Hundred Dollars, bearing inter-
est from maturity, payable JAM
uary 18th, 1918.
To represent this evidence of
debt, the said Mayor is hereby
authorized to issue a pronissory
note, bearing interest as above
stated, and containing the other
usual clauses.
Be it further resolved that 10
secure the payment of the said
sum Of Fifteen Hundred Dollars
represented by the aforesaid
promissory note, the Mayor is
hereby authorized to pledge To
the lender, or any other holder
or holders Of the said note, the
above amount out OF the License
Funds Of the year 1913, and If
the same are inefficient to pay
this amount at maturity, the City
pledges the Market Funds for
the first six months of the year
1918, or any other available
funds.
Be it further resolved, that
this resolution is intended to
meet the conditions and require
ments of Section 2 of Act 80 Of
1902, and the Mayor is hereby
specially authorized to enter into
a contract IN conformity there
with.
On motion of Mr.. Daniel, duly
seconded and carried. the above
resolution was adopted.
Motion by Mr.. Daniel
That the Mayor be and be is
hereby authorized to liQuidats
the debt Of the Fire Department,
with the Union Bank and Trust
Company, by issuing a certificate
OF indebtedness, for the sum Of
$3.50 100, against the 1914 License
Funds, not otherwis apprOpri-
ated, said certificate to bear in
terest at the rate of s per cent
per annum from date of issuance
until paid, and to be made paya
bic to any bank OF individual,