St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-06-13


sion called for the purpose aforesaid,
held at the courthouse at Covington,
La, st. Tammany parish, in the pres
ence of the aforesaid three compe-
tent witnesses, who have witnessed
the proceedings herein, and have
signed this process verbal. together
with the president of said board.
HERMAN SCHULTZ,
Pres. Police Jury.
E. E. TALLEY,
VIM. BRUHL,
F. l.. DUTSCH,
JOHN A. TODD,
A. d. CRAWFORD,
G. F. BIERHORST,
Members of Police Jury.
WITNESSES:
r. S. Blossman,
J. NJ. Cooper.
M. inner.
There being no further business be-
fore the meeting under the call. upon
motion duly made, seconded and
carried, the meeting adjourned.
Signed,
HERMAN SCHULTZ,
President of Police Jury.
E. D. KENTZEL,
Clerk of Police Jury.
1t was moved by F. L. Dutscn, Sec
onded by E. E. Talley:
Whereas, at a special election duly
and regularly called and held
throughout the parish of st. Tam
many, State of Louisiana, on the
I'd day of June, 1914, the following
proposition was submitted to the vote
of the property tax payers of the said
parish, qualified as electors under
the constitution and laws of this
State, to-wit:
"Shall debt be incurred and bonds
issued of the parish of st. Tammany
to the amount of $4,000, to run
not longer than thirty years from
date and to bear interest not exceed
ing five 60 per cent per annum pay
able annually or semf-annually for
the purpose of building and con-
structing public roads throughout the
parish of st. Tammany."
And, whereas. the mourning of
said debt and the issuing of said
bonds was duly and regularly author
lied by the vote and the majority in
numbers and amounts of the prop
erty taxpayers of the said parish vot-
ing at said election, as will appear
by resolution of the police jury Of the
parish Of st. Tammany, OF date June
5, 1914, promulgating said election;
And, whereas, under the consti-
tuition and laws Of the State of Lou
isiana 1t is necessary and desirable
that the police jury should incur said
debt and issue said bond. now. there
fore:
Section /. Be it resolved by the
police jury Of the parish Of st. Tam
many, in special session assembled,
That debt of one hundred and
eighty thousand dollars ($18O, 000)
be and the. same is hereby in
Cured TOR and in the name of the
parish of st. Tammany, State OF Lou
isiana, and that as evidencing said
debt negotiable bonds be and they
are hereby ordered and authorized
to be issued in the amount Of one
hundred and eighty thousand $780,
OOO) dollars bearing interest at the
rate Of five 80 per cent per annum,
interest payable semi-annually, to run
for period Of twenty-nine (29)
years and issue in denomination of
one thousand ($1O0O) dollars and
payable annually at such time and
place as is hereinafter designated in
conformity with article PSI of the
constitution of the State of Louisiana
and laws carrying same into effect
and that the whole of the funds real
lied from the said debt and the sale
of the said bonds be used for. the
purpose Of building and constructing
public roads throughout the parish
OF st. Tammany. State of Louisiana.
Section 2. Be it further ordained,
That Herman Schultz, president, E.
D. Kentzel, secretary of the police
jury of the parish of st. Tammany,
be and they are hereby
authorized, empowered and directed
to, have prepared, and to sign and
execute under the seal of the parish
OF st. Tammany, negotiable bonds
bonds of the parish of st. Tammany,
State of Louisiana, said bonds to be
of the denomination of one thousand
($1OOO) dollars each, to be one hum
dred and eighty (18O) in number and
from one. ~ to one h,,n-
dred and eighty (180) inclusive. ag-
gregating the sum Of one hundred
and eighty thousand ($180,0O0) dol
lars, dated July 1, 1914, and bear
ing interest at the rate of five 60
per cent per annum, payable semi
annually on the LIST day of January
and July of each and every year af-
ter date thereof until the payment
of the principal sum, the principal
and interest to be payable at the In
terstate Trust and Banking Company.
New Orleans, La; the said interest
to be evidenced by coupons attached
to said bond showing the amount Of
interest due. on each
bond until its maturity, said coupon,
however, may be executed to a fac
smile signature Of the president and
secretary of the police jury of the
parish Of St. Tammany, and said
bonds shall become due and payable
as follows, to-wit:
1 to 3. So 900. July /, 1915
4 to 6 $4,000. July 1, 1916
Z to &c.. SO, 900. July /, 1917
10 to IL $4,000. July /, 1913
Is to 16. $4,000. July 1, 1919
II to 20. $4,000 July /, 1920
81 to "a. $4,000. July l, 1921