The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1913-06-14
Special MeetingT Town Council.

FRANKLIN. La, June 10, 1913.
AT special meeting of the Town
Council of the Town of Franklin, held
on the above date. according to law
and after due notice to all councilmen.
the following Councilmen, constituting
q quorum, were present: Chas. Lauve,
Mayor; j. Z. Loustaiot, r. E. O'Niell.
w. 5. Berwick, Jacob Anderson.
On motion of j. E. Loustalot, duly
seconded by W. S. Berwick, which was
put to a vote and duly carried, un-
animously, the following ordinance
was adopted:
IAN ordinance to authorize the Mayor
to borrow Four Thousand $4,000. OO)
Dollars. payable in eight ~ annual
installments of Five Hundred $500. COY
Dollars each, from the Commercial
Bank & Trust Company of Franklin,
Louisiana, with five per cent Isl inter-
est from date, payable annually, with
ten per cent (l0) attorneys fees, to
appropriate and dedicate said sum out
Of the revenues of 1913 to 1920, in
elusive, after first paying all statutory
charges, all charges for services rem
dered annually under time contracts,
all necessary and usual charges pro-
vided for by ordinance or resolution.
Whereas, considering all prior dedi-
cations in force and the statutory,
necessary and usual charges for the
year 1913, the Town of Franklin shall
have an excess of revenues for the wear
1913 of at least Seven Hundred (S70O. COY
Dollars:
SEC. l. Be it ordained by the Town
C0,inai1 ~ tho Tnwn ~ E,.o~011s~ kLok
Charles Lauve, Mayor, of the Town of
Franklin, be, and he is hereby au-
thorized to borrow from the Com
mercial Bank & Trust Company, of
Franklin, Louisiana, the sum of Four
Thousand and 00-l0O $4,000. O0) Dollars,
payable in eight 81 annual INSTALL
ments of Five Hundred and O0-l0O
$500 OO) Dollars each, with 5 per cent
per annum interest from date, interest
payable annually, and conditioned to
bear 10 per cent attorneys fees should
same be placed in the hands of an at
torney for collection.
SEC. II. Be it further ordained that
for the purpose of paying said loan
the sum of -Four Thousand and OO.lOO
(s4O00.00) Dollars is appropriated and
dedicated out of the revenues from
1913 to 1920, both dates inclusive, with
interest at per cent per annum, pay
able annually, and with 10 per cent
attorneys fees should same be placed
in the hands of an attorney for collec-
ton, and the further sum of Two
Hundred and OO-1OO 100000 Dollars
per annum, or so much thereof as may
be necessary, to meet said interest.
fr At
that said appropriation and dedication
shall be paid from the revenues of the
several years hereinabove named, after
first paying all statutory charges, all
charges for services rendered annual
ly under time contracts, all necessary
and usually charges provided for by
ordinance or resolution.
SEC. Nv. Be it further ordained that
the said Charles Lauve be, and he is
hereby authorized to authenticate and
evidence said appropriation and dedi-
cation by certificates dated the 1st day
of June, 1913, to the order of the Town
of Franklin, by it endorsed in blank,
by the Secretary of the
Town of Franklin, and made payable
on the 10th day of December, of the
years 1918 to 1920, both dates in
elusive, respectively, said certificates
to bear interest at the rate of per
cent. per annum from date, payable
annually, and to be issued in denomi-
nations of Five Hundred and OO-1O0
(950O.O0) Dollars each, and to be con-
ditioned to bear 10 per cent attorneys
fees should same be placed in the hands
of an attorney for collection.
CHAS. LAUvE, Mayor.
G.. A. AYCOCK, Secretary.
There being no further business, on
motion, tho Council adjourned.
CHAS. LAUvE, Mayor.
C. A. AYCOCK, Secretary.
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