St. Landry clarion. (Opelousas, La.) 1890-1921, 1913-07-19

behalf of said 0pelousas School District
No. 1, LIST Police Jury Ward of the Par
ish OF ST. Landry, La, does not exceed
any constitutional or statory limitation;
and that full and ample provision has
been made for the collection of a direct
property tax of five mills ON the dollar,
annually, OH all property subject to
State taxation within the limits OF said
Opelousas School Distaict No. l., list
Police Jury Ward of the Parish
of ST. Landry, Louisiana, which
said special tax is also authorized
and approved by the vote OF
the majority in both number and
amount of the property taxpayers,
qualified to vote thereon, voting at n
special election duly and regularly
called and held in and for said Opel
ousas School District No. /, 1st Police
Jury Ward of the Parish of ST. Landry,
La, as provided by the Constitution
and Statutes, of Louisiana, and has been
specially and irrevocably authorized
and dedicated to the payment OF said
bonds in principal and interest as same
| shall mature.
In testimony whereof, the said Par
ish Board of School Directors of the
Parish of st. Landry, State of Louisi-
ana, has caused this bond to be signed
by its President and attested by its
Secretary, and the interest coupons
hereto annexed to be executed by
facsimile signatures OF its President
and Secretary, this 7th day of July,
1913.
o. P. DAILY, President.
Attest;
C. j THOMPSON, Superintendent
and Ex-officio Secretary.
No. 1. $25.0
On the 7th day of July, 1914, the Ope-
l~lousas School District No. l, 1st Police
| Jury Ward of the Parish of st. Landry,
State of Louisiana, will pay to bearer
$25. 90 at the office of the Treasurer of
saidBoard at Opelousas, Louisiana, being
one wears interest due on its Opel
ousas School District No. /, 1st Police
Jury Ward Bond No. /, dated on July
7th, 1913.
o. P. DAILY, President
C. j. THOMPSON, superintendent
and Ex-offieio Secretary.
Section 8. Be it further resolved,
ETC., that the proceeds of the sale OF the
bonds herein authorized and directed
to be issued SHALL be devoted exclusive
ly to the construction and equipment of
the Central School Building nov con-
tracted for and soon to be constructed
in the City of Opelousas, Louisiana, in
School District No. /, ist Police Jury
| Ward of the Parish of st. Landry, Louis
lana, title to which shall vest In public.
Section 4. Be it further resolved
| etc., that the President of this Board Is
hereby authorized and directed to u
such public advertisement OF the pro-
posed sale of said bonds to be made as
he NAV deem advisable and he may, in
| his discretion, receive private or public
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.
Section S. Be it further resolved,
ETC., that in accordance with the au-
thority vested in this Board by the vote
of the majority of the property tax
payers, qualified to vote thereon, at a
special election duly and regularly held
on June 10th, 1912, a special tax OF five
mills ON the dollar OF the assessed val
uation was levied by resolution OF this
Board dated August 9Th, 1912, on all
property subject to State taxation IN
said Opelousas School District No. l,
LIST Police Jury Ward Of the Parish OF
St. Landry, State of Louisiana, begin
ming with andincluding the year1912 and
for all subsequent years to and lnclud-
ing the year 1921, for the purpose OF
paving the interest and principal OF the
Sixty-Five Thousand Dollars OF Bonds,
the issuance of which was authorized
by resolution of this Board, passed on
the 9Th day of August 1912; and where
as there will be a surplus OF over
Twenty Thousand Dollars resulting
from this special tax, after providing
for the payment OF the Slxty-Five
Thousand Dollars of bonds and coupons
already referred to, and, whereas the
majority of the property taxpayers and
qualified electors OF Opelousas School
District No. 1, 1st Police Jury Ward OF
the Parish of st. Landry, State OF Lou
isiana, voting at a special election held
on the 18th day of April, 1913, did au-
thorize this Board to fund Fourteen
Thousand Dollars worth OF bonds out
of this surplus, now, therefore, be it
further resolved that the proceeds OF
the surplus of said special tax, SO to
be solicited, shall be scarcely devoted
and applied to the payment OF said
Interest and principal OF said Fourteen
Thousand Dollars of bonds as same
shall become due.
Section 6. Be it further resolved,
ETC., that as said special taxes are col
lected and received by this Board they
shall be applied first to the payment Of
anv interest or principal of said bonds
then maturing, and any balance shall
be set aside separate and apart from all
other funds of the Board and shall be
known as the General Sinking Fund,
which shall be invested from time to
time in such bonds or other securities
as may be authorized by law, but no
investment shall be made except when
duly approved by resolution OF this
Board.
On January 1st. 1914, and IN the
same date of each year thereafter,
thereafter, there shall be set aside from
the General Sinking Fund for the pay
ment Of the principal OF said bonds an
amount sufficient to pay one tenth OF
the principal Of said bonds then out
standing, which said funds when so set
aside shall be known as the Specific
Sinking Fund and shall be applied
sacredIy and exclusively to the pay
ment of the principal of said bonds as
they mature.
CERTIFICATE.
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