Lower coast gazette., 1913-05-31

District, for account OF SAID dlstrlcC'
does hereby order and authorize the
issuance of One Hundred and Nine
teen negotiable bonds, numbered from
one to n hundred and nineteen, IN
elusive, to run for a period Of from
five to forty years from their date
unless sooner redeemed, and to Dear
interest at the rate Of 5 per cent per
annum, payable semi-annually on. the
first day of February and on the first
day of August of each and every year,
said interest to be represented by cou-
pons attached to said bonds showing
the amount of interest due on each
bond at it's maturity, and said bonds
being in denominations of Five Hun
dred Dollars ($500.00) each.
BE IT FURTHER RESOLVED, etc,
That the form of said bonds shall be
substantially as follows:
UNITED STATES OF AMERICA.
PARISH OF PLAQUEMINES.
STATE OF LOUISIANA.
No.......... $4,000
BOND OF THE
VENICE DRAINAGE DISTRICT.
KNOW ALL MEN BY THESE
PRESENTS, That the Venice Drain
age District, situated in the Parish
of Plaquemines, State of Louisiana,
for value received, hereby promises to
pay to bearer
day of. 19......
Five Hundred Dollars (s5OO.OO) lawful
money of the United States, Of the
present standard coinage, with inter-
est thereon at the rate of 5 per cent
per annum from date, payable semi
annually on February first and August
first of each and every year upon the
presentation and surrender OF the cou-
pons attached as the same shall ma
ture. The principal sum and interest
on this bond is made payable at the
Whitney-Central Trust & Savings
Bank of this city of New Orleans,
State of Louisiana.
This bond is one of a series Of One
Hundred and Nineteen Bonds of the
denomination of Five Hundred Dollars
each, and numbered from l to 119 in
elusive, %aggregating Fifty-nine Thou
sand, Five Hundred Dollars $685.
500.00), issued for the account of the
Venice Drainage District and repre-
sents the cost estimated by the Board
of State Engineer to drain and re-
claim all of the lands situated within
the limits of the Venice Drainage Dis
trict, by leyeeing and pumping the
same and the said Bond is issued in
cordance with Article 281 of the Con-
sttution of the State of Louisiana, as
amended by Act No. 1872 of the Legis.
lature of the State of Louisiana for
the year 1912, ratified by the people
November 5, 1912, and Act ST of the
Legislature of the State Of Louisiana
for the year 1910.
The debt represented by the One
Hundred and Nineteen Bonds was au-
thorized to be incurred and the said
bonds were issued in accordance with
the authority conferred by the Consti-
tuition and laws above referred to and
on the petition of more than a major
ity in acreage land owners embraced
within the boundaries of said district,
requesting that an acreage tax or
forced contribution be levied each year
to pay the principal and interest on
said bonds and to provide for the
maintenance of drainage in said Drain
age District.
IN TESTIMONY WHEREOF, The
Board Of Commissioners Of the Venice
Drainage District, as the governing
authority thereof, has caused this
bond to he Issued, signed and sealed
b Wits President and Secretary, for the
objects and purposes as set forth on
this. .......d day of.
1913.
VENICE DRAINAGE DISTRICT.
.........,.s... ..............
Secretary. President.
INTEREST COUPON.
On the first day of February, 1914,
the Venice Drainage District will pay
to bearer, Twelve and 50-100 Dollars
at the Whitney, Central Trust and Saw
ings Bank. in the City of New Orleans,
being semi-annual interest due on said
Bond
Secretary. President.
The denomination of the bonds here
IN authorized to be issued shall be Of
Five Hundred Dollars s500.00) each,
end shall run for a period of from five
60 to forty (4M years from the list
day of August, 1913, and bear interest
at the rate of 5 per cent per annum,
payable semi-annually on the first day
of February and On the first day of