The Caldwell watchman. (Columbia, La.) 1885-1946, 1914-09-25

dIlu vi ulllQI y SiAt$' SoSo 80
preceding four years; and,
Whereas, an annual levy of an
eight mill general property tax
on the dollar of assessed valua-
ton is calculated to be sufficient
to pay all statuary and ordinary
charges Of said Parish of Cald-
we'll for the next ten years, and,
Whereas, there is then estima-
ted to be a residue between such
necessary annual levy and the
ten mill tax authorized under Ar
ticle 232 of the Constitution of
1918 exceeding one and one
quarter mills per annum, and,
Whereas, the said one and one
quarter mills tax pc: annum on
the taxable property of said par
ish will amount in ten years to
twenty-eight thousand dollars
(S29, 100000 total, approximate
ly, and,
Whereas, it is the sense of this
Police Jury that for the,
Purpose of aiding in the con-
struction and maintenance of
the columbia Rayville" high
way and the ''Columbia-C olfax"
highway, now under construction
under the supervision of the
State Highway Department, and,
repairing the bridges on
said highways, including the
Ouachita steel bridge at Column
bia, 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 281 of the Con-
stitution of 1918, now therefore:
Sec. l. Be it ordained by the
Police Jury of the Parish of Cald
we'll, in regular adjourned ses-
sion convened; that of the ten
mills tax authorized under Arti-
Gle 232 Of the Constitution of
1918, to be expended by a Parish
for all purposes, one and one
quarter mills on the dollar of as
sessed valuation is hereby levied
and the same shall be annually
assessed on the property of the
said Caldwell Parish for a period
lof ten years beginning with the
lyear 1914 and ending with the
| year 1924; and the proceeds
jwhereof shall be collected and
sec aside as a trust fund to ex-
ltinguish the bonds herein pro-
vided 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 years on all of the property
of the Parish of Caldwell herein
above levied and set aside, are
thereby authorized and directed
to be funded into bonds amount.
ing to twenty thousand dollars
$50, 000.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. 8. Be it further ordain.
ed, etc., that the funds derived
from the said sale Of bonds shall
be expended exclusively for the
Purpose Of aiding in the con
struction and maintainances Of
the Columbia -Rayville" high
way and the columbia olfax'
highway, now under construc'
ton under the supervision Of the
State higway Department, anc
repairing and maintaining the
bridges on said highways, in
GLIDING the Ouachita stee
bridge at Columbia, La.
Sec. 4. b. it further ordain
ed, etc., that said bonds shall be
issued in denominations of ons
thousand dollars ISL, 000.00) each
/ and shall be twenty in number
with interest coupons attached
and numbered consecutively
from one to twenty and shall bt
in words and figures substantial
ly as follows:
j 81, 100000 81, OOO. "
| UNITED STATES OF AMERI
i CA-PARISH OF CALDWELL
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