The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-06-27
TOWN COUNCIL PROCEEDINGS.


A special meeting of the Town
Council was held this day, Mayor
Chas. Lauve presiding, with
Messrs. O'Niell, Anderson, Nor.
ris and Loustalot present; Mr..
Berwick absent.
The Mayor stated that the Oh.
iect of the meeting was to pass on
the purchase of the property
known as the Lemke property
from Mr.. j. A. Peterman, to be
made a part of the James A
Peterman Park.
Ordinances No. 1T and No.
t7S were introduced by Mr.. An
derson, who also moved for their
adoption, and being seconded by
Mr.. Morris, were unanimously
adopted:
ORDINANCE No. III.
An ordinance authorizing Charles
Lauve, Mayor, and G. A, AycOck,
Secretary of the Town OF Frank
lin, to purchase what is known as
the Lemke Property, situated on
Willow Street Of The Town OF
Franklin, and providing for the
payment thereof.
SECTION l. Be 1t Ordained by the
Mayor and Council of the town OF
franklin in special session assembled,
that whereas it has been decided and
determined by the Town of Franklin,
acting through and by it's Mayor and
Council by ordinance of this date, to
AGO uire, set apart and dedicate as a
part of the James A. Peterman Park,
of the Town of Franklin, for the use
of the public, what is known as the
Lemke Property, situated on Willow
Street of the Town of Franklin, which
is described as follows, to-wit:
THAT certain tract or parcel OF land
living and being situated on the south
side of Willow Street. of the Town OF
Franklin, Parish of St. Mary, State OF
Louisiana. having a frontage OF two
hundred (200) feet, more or less, on
said Street by the depth back to the
James A. Peterman Park of sixty (6O)
feet: bounded on the north by said
Willow Street, on the east by First
Street, on the south by said Park,
and on the west by property OF Frere
and O'Niell."
Now, therefore, be it resolved and
ordained that Charles Lauve, Mayor,
and Clarence A. Aycock, Secretary OF
the Town of Franklin, be, and they
are hereby authorized, empowered,
directed and ordered to purchase from
james A. Peterman, the property
above described at the price and for
the consideration of Four Thousand
Two Hundred FOrty.two and 32-lOO
Dollars; Two Hundred Forty-two and
32-lOO dollars of said purchase price
to be paid in cash at the execution of
the deed, to do which, the Secretary
is authorized to draw his warrant up
on the Treasurer of said Town for
said sum, to be cOuntersigned as
provided for in the drawing of such
warrants, the balance of said pur-
chase price to be made payable in
eight equal annual installments of
Five Hundred Dollars each, payable
espectively as follows, and out of the
revenues of said respective years, to-
wit: One or before Jan. 1st., 1915,
1916, 1917, 1918, 1919, 1920, 1921 and
1922; the said credit installments to
bear interest at the rate of five per
cent per annum from date, the interest
to be payable annually on the entire
credit portion, and to stipulate in the
deed that the failure to pay the credit
installment as they mature, and the
interest annually, shall have the
effect of maturing all of the immature
installments.
SECTION 2. Be it further ordained,
etc., that for the purpose of paying
the cash portion of the purchase price
of the property hereipabOve described.
the sum of Two Hundred Forty-two
and 32-1OO dollars be and the same is
hereby appropriated and set aside,
the said appropriation to be made in
the following manner; the sum of Two
Hundred Forty two and 32.l00 dollars
now in the Treasury of the Town of
Franklin, being the surplus of re-
venues for the year 1914; the further
appropriations shall be made as fol-
lows for the purpose of paying the
above and foregoing certificates of
Indebtedness with interest at the rate
Of five per cent as above stipulated in
Section to-wit; the sum of Five
Hundred Dollars with the accrued in
terest on the whole credit portion out
Of the revenues of the year 1915; the
sum of Five Hundred Dollars with
the accrued interest on the unpaid
credit portion out Of the revenues of
the year 1915; the sum of Five Humid
REQ Dollars with accrued interest on
the unpaid credit portion out of the
revenues of the year 1917; the sum of |
Five Hundred Dollars with accrued |
interest on the unpaid credit portion
out Of the revenues of the year 1918;
the sum Of Five Hundred Dollars with
accrued interest on the unpaid credit
portion out of the revenues of the
year 1919; the sum of Five Hundred
Dollars with accrued interest on the
unpaid credit portion out of the re-
venues of the year 1920; the sum of
Five Hundred Dollars with accrued
interest on the unpaid credit portion