Lower coast gazette., 1913-12-06

Vi =
be and he is hereby authorized and in
structed to assess a special tax OF
five mills on the dollar on all prop
erty situated within the limits OF the
P%laquemines Parish Road District No.
2, and to extend said tax upon the
regular rolls, in order that the same
may be collected by the Sheriff and
Ex-officio Tax Collector along with
the other taxes of Plaquemines Par
ish, Louisiana, for the year 1914.
Section 3. Be 1t Further Ordained,
etc., That the Sheriff and ex-officio
Tax Collector of the Parish of Pla-
quemines, State Of Louisiana, be and
he is hereby authorized and instructed
to collect said taxes, in accordance
with the Constitution and Laws Of
the State of Louisiana on the subject,
the proceeds thereof to be by him turn
ed over to the Treasurer Of the Pa
IRISH of Plaquemines, State Of Louisi-
ana, by monthly settlement, for the
account of the Plaquemines Parish
Road District No. 2.
The. foregoing ordinance was put to
a vote by the President and was
unanimously adopted.
The following ordinance was intro
duced by Mr.. A. Leopold, seconded by
Mr.. Jos. Bernard:
AN ORDINANCE.
authorizing the negotiation of an is
sue of Eight Thousand Dollars $751;
600. O0), of Bonds of the Plaquemines
Parish Road District No. 2.
Section 1. Be 1t Ordained by the
Police Jury of Plaquemines Parish,
Louisiana, acting as the governing au-
thority of the Plaquemines Parish
Road District No. 2, That in pur-
suance of the powers vested in it by
Article 2S1 of the State Constitution
of 1898, as amended, and Act 256 Of
the Acts of the Legislature Of
the year 1910, as amended, and
the owners of property in said dis
trict, residents of and entitled to vote
in the said Plaquemines Parish Road
| District No. 2 conferred at an cleo
ton held by order of the Police Jury
of Plaquemines Parish, Louisiana, on
November 81, 1913, and for the pur-
pose of raising funds for the construc-
ton of a shell road or highway along
the Woods or East Side of the Track
of the New Orleans, Southern &
Grand Isle Railroad, to extend from
the line dividing Plaquemines and
Jefferson Parishes to the Belle Chase
Switch of said New Orleans, South
ern & Grand Isle Railroad, in accord
ance with plans and specifications Of
the Board Of State Engineers, as is
more fully set forth in the PROPOSE
tions voted on by the electors of said
Road District at said election, the Pc
lice Jury Of Plaquemines Parish, Lou
%isiana, does hereby incur, on behalf
and in the name Of the Plaquemines
Parish Road District No. 2, a debt of
Eight Thousand Dollars ($8, OOO.00)
and to represent said debt does hereby
authorize and direct the issuance of
eighty bonds of One Hundred Dol
lars (S100.00) each, a%ggregating
EighS Thousand Dollars ($8,000.00)
each dated Pointe-a-la- Hache, Parish
of Plaquemines, State of Louisiana,
January 1, 1914, drawn payable to
bearer, two of said bonds to be paya-
BILE on the first Of January, 1919, and
each year thereafter until 1949, after
which time, four of said bonds shall
become due and payable on the first
of January Of each year until the en-
tire issue shall have been paid1said
bonds to bear interest at the rate of
five per cent? per annum, payable Sc
m%i-annually, on the first days Of Jan
uary and July of. each and every
year.
Section 2. Be 1t Further Ordained
ETC., That in order to provide a fund
for the payment of the interest on
said bonds and a sinking fund fol
the payment of the principal thereof
the Treasurer of Plaquemines Par.
ish, Louisiana, is hereby instructed
and directed to lay aside out of the
first funds collected by him from the
annual ad valorem tax Of five mills
on the dollar voted by the property
holders in the Plaquemines Parish
Road District No. 2 at the special cleo.
ton held on November 81, 1913, OF
all property within the limits of sale
Road District, in each and every year
beginning. with the year 1914, a sun
sufficient to pay the interest on al
of said bonds that may be outstand
ing and unpaid, and, after the veal
1917, after providing for the paymen,
of the interest on said bonds as afore
said, to lay aside annually, out of tn.
funds derived from said ad valoren
tax, a sun sufficient to retire salt
bonds falling due in the succeeding
year, as a sinking fund to retire sail
bonds. And in order to secure tn,
payment Of the sums necessary Il
constitute said annual interest fun,
and annual sinking fund, the Polio
Jury of Plaquemines Parish, Louisi
ana, does hereby hypothecate AM
pledge in favor of each and ever,
holder of said bonds all of the sal
annual ad valorem tax of five mill
on the dollar upon all property sit
uated within the limits of the Plaque
mines Parish Road District No. 2 70
forty years, or as much thereof a
may be necessary to pay said bond
in principal and interest as herei
provided. Said Treasurer is require
to keep separate accounts of each Q
said interest and sinking funds, an
to make no disbursements from tn
interest fund, except in payment Q
coupons, as provided herein, and sha
have on deposit in the bank, at whic
said coupons and bonds are made pay
able, fifteen days before the matur
ty thereof, sufficient funds to pay til
interest and bonds falling due, a
provided herein; and, after said bond
; or any of them are paid, at the mex
meeting of the Police Jury of Pls
, orIauipoc porich cold Trnac11rpr sh9