Lower coast gazette., 1913-06-14

in authorized to be issued shall be of
Five Hundred Dollars ($500.0O each,
and shall run for a period of from five
(5) to forty (40) years from the LIST
day OF August, 1918, 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
August of each year, beginning with
the first day of February, 1914, and
continuing SO long as any bonds re-
main unpaid. Each bond shall bear the
date Of August /, 1918, and begin to
mature on the list day of August, 1918,
and shall mature and become payable
each year thereafter until the first day
Of August, 1858, in the following man.
ner:
BE TT FURTHER RESOLVED, That
when said bonds are issued as pro-
vided for herein they shall be sold by
the Drainage Commissioners for not
less than par and that the proceeds
realized from the sale of said bonds
shall constitute a trust fund to be used
exclusively for draining and reclaim
ing the unreclaimed lands as herein
before described and situated and COM
prised within the limits Of the Venice
Drainage District.
BE IT FURTHER RESOLVED, ETC.,
That in order to pay the semi-annual
interest due on said bonds on the first
day OF February, 1914, and on the first
day Of August, 1914, the Board Of
Commissioners for the Venice Drainage
District does hereby in accordance
with the Constitution and laws of the
State of Louisiana, hereby levy and
order the levy and assessment for the
year 1918 upon each and every acre
of land included in said Venice Drain
age District as above described, an
acreage tax Of One Dollar and Fifty
Cents ($1.5O) per acre, for the pay
ment Of the interest as above set forth
and the operation of the Drainage Dis
trict.
Be 1T FURTHER RESOLVED, ETC.,
That a copy Of this resolution shall be
forwarded to the assessor of the Par
ish of P~laQuemines, who shall assess
and extend on the assessment rolls for
the year 1913, the acreage tax or
forced contribution Of One and $1,000
Dollars ($1.50) per acre herein levied
in the manner directed by the laws of
the State of Louisiana and that he file
the said roll with the proper officials
as required by law.
BE IT FURTHER RESOLVED, ETC.,
That the original of this resolution,
az signed in duplicate, shall be record
ed in the mortgage records Of the Par
ish of Plaquemines and shall be pub
lished in the official journal Of the
Parish of Plaquemines, as provided for
by Act 317 Of the Legislature Of 1910,
and that a copy of this resolution be
duly, forwarded to the Secretary Of
State for registry in accordance with
law, and it is made the duty Of the
President of the Board of Commission.
ers of the Venice Drainage District to
cause this registry, %recordation and
publication to be made.
The vote on the foregoing ordinance
was ordered and Messrs. Aug. A. Blu
ras, A. Commander, Manuel G.. Buras,
Joseph Clark and Chas. Colombel vot-
ed in the affirm alive. Nays, none
And the resolution was declared
adopted.
The Board took a recess to allow
these minutes to be written.
The Board reconvened after recess,
and the minutes of the previous meet
ing and of this session were read and
approved.
AUG. A. BURAS,
President.
ERNEST FELLON,
Secretary.