Lower coast gazette., 1913-06-07

sioners for the Venice Drainage Dis
trict, for and on behalf of said district,
does hereby incur a debt to the
amount of Forty and 5O.1OO Dollars
(s4O.5O per acre against each and ev-
cry acre of land situated in this dls-
trict, to be reclaimed, or an aggregate
of Fifty-nine Thousand, Five Hundred
Dollars ($59,5OO.00), against the whole
1469.56 acres of land included within
the limits of this district to be re.
claimed and drained by leveeing and
pumping the same, the whole OF which
said debt is incurred for each acre OF
land and for all of the land as above
set forth in accordance with the terms
of this resolution.
BE 1T FURTHER RESOLVED, That
to evidence the debt in the amount OF
Fifty.nine Thousand, Five Hundred
Dollars $3.50, 100000, here above incur
red in this district, the Board OF Com
m~issioners for the Venice Drainage
District, for account Of said district,
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 dav 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
hond at it's maturity, and said bonds
being in denominations Of Five Hun
dred Dollars ($500.00) each.
BE 1T 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
dav Observation-Disclosures, 19......,
Five Hundred Dollars ($500.O0) 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.
s.,.ss.sss
This bond is one of a series OF ON
Hundred and Nineteen Bonds OF TN
denomination of Five Hundred Dollars
each, and numbered from l to l19 in
elusive. aggregating Fifty-nine Thou
sand, Five Hundred Dollars (S59.
500. OO), issued for the account OF tn
Venice Drainage District and repre-
sents the cost estimated by the Boar
of State Engineers to drain n re
claim all of the lands situated Wlthll
the limits of the Venice Drainage DIS
trict, by ~leveeing and pumping tn
same and the said Bond is issued in a.
cordance with Article 2S1 of the Coz
sttution of the State of Louisiana, q
amended by Act No. 1872 OF the Legl
lature of the State of Louisiana fe
the year 1912, ratified by the peopl
! November S, 1912, and Act BIT OF tn
Legislature of the State Of Louisian
for the year 1910.
The debt represented by the On
Hundred and Nineteen Bonds was a
thorized to be incurred and the sal
. bonds were issued in accordance wit
i the authority conferred by the Const
tuition and laws above referred to an
e on the petition of more than a majo
! ity in acreage Of land owners embrace
e within the boundaries Of said distric
requesting that an acreage tax I
forced contribution be levied each YET
to pay the principal and interest {
said bonds and to provide for tt
6 maintenance of drainage in said Drai
age District.
II IN TESTIMONY WHEREOF, II
# Board of Commissioners Of the Veni
d Drainage District, as the governil
d authority thereof. has caused tn
bond to be issued, signed and seal,
It b yits President and Secretary, for Il
4 objects and purposes as set forth
IS this day of...i............
s. 1918.