Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1913-12-12

On motion reading of the minutes OF
previous meeting we're dispensed with
President Rhodes stated that the pur-
pose of the call of the Board in special
session was to ask it to pass such resslu-
tons that would enable and authorize
him to obtain financial assistance TO car
ry on levee construction in the District,
until such time as the Bonds now held
can be disposed of by the Board.
On motion of Commissioner Kell. the
following resolution was offered and
adopted by the Board:
Whereas, by resolution of this Board
adopted on the 9TH day of August. 1913.
the President thereof was authorized tn
borrow for the purpose of constructing
and enlarging levees the sum of One
Hundred Thousand 100000 00) Dollars
from the Interstate Bank q Trust Co.. of
New Orleans, and from the local State
Banks within this levee District, in pro-
portion to whatever parts of said sum
said Banks should be willing to lend, and
Whereas, by virtue of the authority
conferred by said resolution the sum OF
$40, 900. 90 has been borrowed, and
Whereas, the Merchants National
Bank of Vicksburg. Miss, has offered to
lend the remaining sum of S25, 600 90, and
IT Is deemed eXpedient to- borrow said sum
from said Bank:
Now, therefore, be il Resolved, That
the President of the Board of Commits
sioners for the Fifth Louisiana Levee Dis
trict, be and he is hereby authorized to
borrow for the purpose Of constructing
and enlarging levees the said sum of
S25, 10000, from the said Merchants
National Bank of Vicksburg, Miss, that
said loan shall be payable in three months
from the date it shall be made, at a rate
OF discount not to exceed the sum of
per cent per annum; that as evidence of
said loan and Indebtedness the President
# this Board be and he is hereby author
ized to issue a certificate of indebtedness
to the said Merchants National Bank, of
which certificate this resolution shall form
part, and that as security for the pay
nent of said loan all the revenues of this
Board arising from ad-valorem, specific.
land acreage and produce taxes for the
year 1914, are hereby pledged to the
holders Of said certificates
On motion Of Commissioner Hill, the
following resolution was offered and
adopted by the Board:
Whereas, it has become necessary for
this Board TO borrow the sum of S25,-
10000, in addition to the 500. 600. 90 au- |
thorized by resolution of August 9TH, 1913, !
and December 9th, 1913, i'm order to car |
~ on levee construction and repairs in |
this District.
Therefore, be it Resolved, That the |
President be, and is hereby empowered !
and authorized to borrow from T. f. and |
+. B. Helgason, of the firm of Helgason
Bros, of Vicksburg, Miss, the sum of
81, OOO.OO for period not to exceed six |
months, at rate of interest not to ex- |
coed per cent per annum discount: and |
that In evidence of said loan and indebt- |
edness the President of this Board, be |
and he Is hereby authorized to issue
certificate OF indebtedness tn said T. +. |
and +. b. Helgason, of the firm of Hell |
gasOn Bros, of which certificate this res
olutiOn shall form a part, and that as Sc
curity for payment of said loan all the |
revenues of this Board arising from adj |
specific, land acreage and pro-
to the holders of said certificate.
On motion of Commission Lambdin, |
the President was authorized to contract
for the building of spur-levees at the fol-
lowing places:
At the angle of the Vaucluse Levee, be-
low the Blne Hole, in Concordia Parish,
and af fha unnar amelia ,f ths IJa,,1o-,o,, |
Levee, in East Carroll Parish, in order |
to protect these levees from the currents
running against them at high stages OF
the river.
On motion the request of Mr.. d. III. !
Allen, to allow the loss sustained on the
contract to build the Morancy Ramp, was
rejected.
Mr.. X. P. Chaze appeared before the
Board together with Mr.. r. ID. Calhoun,
Mr.. Chaze, TO ask the Board
to allow the claim of Mr. Chaze for full
payment for his contract for weed cutting
in the Parishes of Concordia and Tensas.
After discussing the matter, the Board,
on motion of Mr. Hamley, deferred action
until the next regular meeting in Janu-
uary, 1914.
There being no further business, the
Board adjourned until next regular meet
ing.
f. C. RHODES,
President Board of Commissioners, Fifth