St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-04-25
POLICE JURY
Continued from page u

ment issued by the engineer charge
II the work.
Simultaneous and co-incident
with the delivery to us of the bonds
and the payment thtrefor, you are
to pay or to allow us the sum of
five thousand eight hundred and fif-
ty ($5,S5O.OO) dollars to cover cost
Of attorneys fees, lithographing of
the bonds and other expenses that we
may be put to in connection with the
issue, and the bonds are to be pre-
pared under our supervision and at
our expense and are to be delivered
to US at the Interstate Trust and
Banking Company in New Orleans,
La.
Prior to delivery to us of the
bonds you are to furnish us with a
complete certified transcript of all
proceedings leading up to the issue.
:. The two foregoing propos--
ons contemplate an issue of $780,
400 based upon an annual tax levy
OF two mills and the bonds will,
.he.S..re, mature from one to TWEEN
ly-a.ua years. Should your board
prefer to issue zoe, GCU of bonds
basel upon larger tax or to issue
$l75jO0O based upon q mill tax or
less, both OF the above propositions
hold, except that the amount you are
to allow na for attorneys fees. litho-
graphing the bonds, ETC., will be
changed lrop.rticnately. likewise
should you desire to predicate your
bond ss.c upon a larger tax than
mills the matuTit es will be made to
correspond
4. II the above is satisfactory
kindly pass resolution n form SINH
lar to attached. authorizing the preoi.
dent and secretary of your body to
sign and accept this as contract
for the purchase and sale of the
bonds between your board and the
undersigned banks, subject, Of
course, to the election being favor
able.
Yours truly,
INTERSTATE TRUST & Blk. co.
by F. M. Lamberton, A. Secty.
ST. TAMMANY Blk. Co. & saw
INGS BANK,
by Harvey E. ELLIS, Pres.
The police jury having heard the.
report Of the said committee and the.
proposition of the Interstate Trust & |
Banking Co., and the ST.. Tammany'
Banking Company & Savings Bank |
or the purchase of said bonds. it.
vas moved by Mr.. Jno. A. Todd and,
seconded by Mr. VIM. Bruhl, that.
aid report and bid be ordered fled.
md that the recommendations made.
n said report be adopted, and that.
a.d committee recommended N sa d
eport. be and is hereby appointed. |
' tn the powers and authority ass
ct forth herein.
On ron call the following mem.
era voted in the affirmative: Louis
'eters. VIM. Bruhl, Herman Schultz, J
i r. Rterhorst, E. E. Talley and ].
!. HOWE. Messrs. A. D. Crawford h
nd r. L. Dutsch requested that they
g excused from voting, as they are
ffeetors OF the st. Tammany Bank.
y Company & Savings Bank, an 4
interested in the purchas r.
said bonds.
And the report was adopted.
1t was moved by G. F. B.erhorst
nd seconded by j. B. Howe, Tint
hereas. in the opinion of tb is
ody 1t s deemed necessary and q d.
sable that a special election be Dr.
sred to be held in the parish of St.
ammany. State of Louisiana, at aid
'ec:al election there shall be . ub- J.
tilted to the property tax pay ing
tiers of said parish the follow ing
opposition, to-wit:
To incur debt and issue bond of
e parish Of st. Tammany. 10 the
mount of $4,000. to run net long,
than thirty years from data and
bear interest not excee dir five
r centum per annum, Vays.b Q an
ally or semi-annuallj. so- the
rpose of building and recon- struct-
3 public roads throug mont I'll 10 mar
1 of st. Tammany;
Therefore. be it re solved. by the
lice jury of the pa ..:sh Of st Tam
my. State of Lo' aisiana- in legal
:sion convened:
Section l. This It a suecia, cleo
N be and the same is prde red to
held through out this parh sh on
esday, the "a day of June, 1914,
winch there shall be s-abmitt ed to
property Tax PAYING voter s of
Y parsh' he followi ng pro posi-
n
70 incur debt and iss Ne bond of |.
parish q st. Tamnlany, in the
cunt q ~ $4,000. to l:un not 10 ng- !,
tnan I'M! ty years r. bm date and !