The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1913-02-27

to me Notary, that they had been
authorized by resolution of the Police
Jury Parish of Natchitoches under
date of Jan. 10th. 1913 copy of which
resolution is hereto annexed, to Dor
row such sum as might be necessary
to pay debts already incurred by the
Parish OF Natchitoches and to carry
on the business of the parish for the
year 1913.
They further declared that they
have this day selected the Exchange
Bank and Peoples Bank of Natchito-
ches as the joint Fiscal Agents OF the
Parish of Natchitoches and finding
that it will be necessary to borrow
the sum OF Sixteen THOUSAND Five
Hundred Dollars ($l65OO .0O) to paw the
various debts already incurred in the
construction of Good Roads in the
Parish of Natchitoches and to main
tain and repair such roads during the
year 1913, they have this day Dor
rowed from the Exchange Bank and
Peoples Bank the sum of Sixteen
thousand Five Hundred (SI65OO.00)
one half each from said Banks and
they do hereby authorize and instruct
qhe chairman OF this Committee w.
w. Page, to execute the notes of the
Parish of NatchitocheS for the sum
of Eight Thousand Two Hundred and
Fifty (s8250.OO) one IN favor Of each
of the said Banks maturing Jan'y.
tote 1914 and bearing interest of 8 per
cent per annum from date until paid.
They further declared that in or
der to secure the full and final pay
menG of said notes at maturity, TO-
gether with all secured interest, they
acting in their capacity and in ODE
dience to the resolution of the Police
Jury copy of which is hereto an
nexed, declared that they do hereby
specially pledge to. hypothecate, set
aside and dedicate to the payment of
the said sum so borrowed from each
of the said Banks, all OF the Two
Mill Road Tax which Will be levied
for the year 1913 or so much thereof
as may be necessary to pay and dis
charge the said Two notes, each for
the sum of Eight Thousand Two
Hundred and Fifty ($3250,O0) Dollars
with all accrued interest. The same
to be collected one-half to each of the
said Banks, the payments to be
credited on the said notes, as of date
the payment shall be made.
They further declared that in the
event the amount to be collected
from the two mills Good Road Tax
for the year 1913 should be insufficient
to pay and discharge the said notes
aggregating the sum of Sixteen thous-
and FIVE Hundred Dollars tSl65OO.0O)
then and in that event, they agree
and bind the Police Jury to continue
the levying and collecting OF the two
mill road tax. for 1914 and that any
and ali amounts TO be realiz6fa4f0m
such further levy and collection for
the year 1914 or so much thereof as
may be necessary is likewise hereby
specially pledged hypothecated, set
aside and dedicated to the payment
of the said notes to be accepted by
the said Banks as above set out.
The said Committee further de-
clared that they find it necessary to
borrow the sum of Three Thousand
Five Hundred ($35OO.OW Dollars to
pay the debts already incurred by the
Parish of Natchitoches against its
Parish Bridge Fund. and that they
have this day borrowed the said sum
in equal portions from the Exchange
Bank and Peoples Bal.k of Natchi-
tCches.
That they do hereby authorize and
instruct their chairman, ". W. Page
to execute and sign two notes for the
sum of One Thousand Seven Hundred
and Fifty Dollars ($175O.OO) each, one
in favor of each of the aforesaid
Banks. said notes to mature on Jan
Sth 1914 and to bear interest from
date at the rate of per cent per an
mum until said notes are paid.
They further declared, that in or
der to secure the full and final pay
ment of the said notes at maturity
together with all interest, they act
ing in their capacity, and in obedience
with resolution of the Police Jury.
copy OF which is hereto an
nexed, declared that they do hereby
especially pledge, hypothecate, set
aside, and dedicate to the payment oil
the said sum SO borrowed from each
of the said banks, all of the one
half mill Parish Bridge Tax which
will be levied for the year 1913 or SC
much thereof as may be necessary t.
pay and discharge the two said notes
each for the sum of One Thousand
Seven Hundred and Fifty Q75O.W
dollars with all accrued interest. The
same to be collected and paid over as
collected one-half to each of the said
Banks. the payment to be credited on
the said notes as of date the payment
shall be m ade.
They further declared that In the
event the amount to be collected from
the one-half mill Parish Bridge Fund
lax for the year 1913 should be in.
sufficient to pay and discharge the
said notes aggregating the sum OF