The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-11-27
POLICE JURY PROCEEDINGS
Ordinance No. 81 R,

| Whereas, the assessed value Of the
property of the Parish OF Caldwell
amounts to two million, two hundred
and forty thousand dollars (S22ao
ooo.oo) tor the year 1914, and avcrap-
ed annually one million nino hundred
and eighteen thousand, five hundred
and twenty-five dollars (SI,QISs27ooC
for the preceding four wears. rs
shown by the certificate of the sss.
eSOr, and,
Whereas, in our opinion, there is
no reason to apprehend any material
decrease in said assessed valuation in
the next ten years, and.
Whereas, the average of e,obt
mills per annum on the dollar was
suthclent for all statuary and ordi-
nary charges for the proceeding tour
years; and,
Whereas, an annual levy OF an
eight mill general properly tax on
the dollar of assessed valuation is
calculated to be sufficient 70 paw all
statuary and ordinary charges OF
said Parish of Caldwell for the next
ten years, and,
Whereas, there is then estimated
to be residue between such neceS-
sary annual levy and the ten mill tax
authorized under Article 232 OF the
Constitution of 1913 exceeding one
and one-quarter mill per annum
and,
Whereas, the said one and one
quarter mills tax per annum on the
taxable property Of said parish will
! amount III ten years to twenty
eight thousand dollars, (S2Sooooo)
total, approximately, and
Whereas, it is the sense of this
Police Jury that for the,
Purpose of aiding in the construc-
ton and maintenance of the
columbia Rayville" highway and
the "Columbia-Coliax" highway now
under construction under the super
vision of the State Highway Depart
ment, and, repairing the bridges on
said highways, including the Ouach-
tia steel bridge at Columbia, La, one
and one-quarter mills of said residue
should be set aside during the years
1914 to 1924 inclusive, and should be
funded into Bonds to run for ten
years, and to bear interest at five
per cent per annum, and which
should not be sold for less than par
and,
Whereas, the Police Jury is the
governing authority through which
such tax should be levied, and bonds
issued, according to law, and Article
2oI of the Constitution of 1o13. now
therefore:
Sec. l. Be it ordained by the
Police Jury of the Parish of Cald-
well, IN regular adjourned session
convened, that Of the ten
mills tax authorized under Article
232 OF the Constitution of 1913, to be
expended by parish for ali pur-
poses, one and one-quarter mills on
the dollar of assessed valuation is
hereby levied and the same shall be
annually assessed on the property of
said Caldwell Parish for period of
ten years beginning with the wear
1914 and ending with the year 1924:
and the proceeds whereof shall be
COLLECTED aud set asids--as. a trust
fund to extinguish the bonds herein
provided for, and for no other pur-
pose.
Sec. 2. Be it further ordained, ETC.,
that the said one and one quarter
mills per annum on the dollar of
assessed valuation for ten wears on
all OF the property of the Parish of
Caldwell hereinabove levied and set
aside, are hereby authorized and d.
rected to be funded into bonds
amounting to twenty thousand
dollars ($2o,ooo.oO) which said bonds
shall bear five per cent interest per
annum, payable annually and which
shall not be sold for less than par.
Sec. 3. Be it further ordained. ETC.
that the funds derived from the said
sale of bonds shall be expended ex-
clusively for the purpose of aiding in
the construction and maintenance
of the columbia Rayville" highway
and the columbia Colfax" highway
now under construction under the
supervision of the State Highway De.
partment, and repairing and main.
tanning the bridges on said highways
including the Ouachita steel bridge
at Columbia, La.
Sec. 4, Be it further ordained, etc.
that said bonds shall be issued in de
nominations of one thousand dollar!
| ($Iooooo) each and shall be twent,
in number, with interest coupons at
tached, and numbered consecutivel,
from one to twenty and shall be il
words and figures substantially a
follows:
100000 $4,000,
UNITED STATES OF AMERICA
PARISH OF CALDWELL
Estate Emblem)
Bonds of the Parish of Caldwell
State of Louisiana