The Natchitoches enterprise., 1915-02-04
An Ordinance.
By Mr.. Hughes, seconded by Mr..
BOydstun:

By Mr.. Hughes, seconded by Mr..
Boydstun:
Be it ordained by the Mayor and
Commissioners of the Commission
Council of the City of Natchitoches,
that for the purpose of paying for
works of public improvement in the
matter Of paving certain streets in the
CITY of Natchitoches and conforming
to the terms and conditions of para
graph 4 of Article 281 of the Constitu
ton 1898, as re-enacted in section of
the Constitution of 1912, authorizing
the governing authorities of municipal
corporations to fund into bonds fer q
period not exceeding ten years tie
avails Of the residue of the ten mill
tax authorized by Article 232 of the
Constitution of Louisiana, and whereas
| it is shown that the City of Natchito-
ches under and by virtue of the terms
of an ordinance adopted and approved
on October 9, 1918, can avail itself and
dedicate two mills out of the ten mill
tax authorized by Article 232 of the
Constitution to pay in principal and in
terest bond issue for the purposes of
public improvement and street paving,
cable until the said bond issue is retired
in principal and interest, and
Whereas it is necessary to fund the
avails of at least two mills so dedicated
into bonds for the purpose of providing
for pavements as above set forth and
it is shown that the assessment of the
City of Natchitoches according to the
roll for 1914, on file with the Assessor.
aggregates eight hundred and forty six
thousand, five hundred and eighty two
dollars and fifty cents ($846, 582 50) and
that two mills on the dollar will amply
provide the revenue necessary for the
payment Of a bond issue of twelve
thousand dollars ($12,0 90, bearing 5
per cent per annum interest, in both
principal and interest, the Commission
Council of the City of Natchitoches
authorizes and instructs the mourning
of indebtedness for the purposes of
public improvement and for the paying
of street paving to the extent of twelve
thousand dollars ($12, 600. 00) and au-
thoriZes the issuance of municipal bonds
of the City of Natchitoches to the
extent of twelve thousand dollars
(S12, 100000 to represent the said in
debtedness and the Mayor and Treas
urer of the City of Natchitohes are
hereby instructed and authorized to
issue thirty-six (36) negotiable bonds in
denominations of five hundred dollars
(500.00) and one hundred dollars 600. OO)
numbered to Sc inclusive, twenty-one
(21) bonds, numbers l, 2, 3, a, 5, 6, 7,
8, 10, II, IA, IS, Is, 10, 23, "a, 28, %,
"a, IS and SO shall be of the demonina-
ton of five hundred dollars $500. COY
each and fifteen (15) bonds, numbers 9,
IL, ID, 16, II, 20, ri, %, 26, 26, 81, 80,
81, 80 and SO shall be of the demonina-
ton of one hundred dollars ($1OO. 0O)
each.
Be it further ordained by the Mayor
and Commissioners of the Commission
Council of the City of Natchitoches,
that the said bonds will mature on the
dates and in the amounts as follows:
Bonds l to 2 inclusive aggregating
81, 10000, mature March Is, 1916.
Bonds 3 to inclusive aggregating
81, 100000, mature March Is, 1917.
Bonds 5 to inclusive aggregating
81 ,0O000, mature March Is, 1918.
Bonds Z to 9 inclusive aggregating
100000, mature March Is, 1919.
Bonds 10 to Is inclusive aggregating
81, 200 90, mature March Is, 1920.
Bonds IA to II inclusive aggregating
81, 10000, mature March Is, 1921.
Bonds l8 to q inclusive aggregating |
81, 300. 90. mature March Is, 1922.
Bonds % to 81 inclusive aggregating |
81. 10000, mature March Is, 1928.
Bonds % to SO inclusive aggregatinp |
81, 10000, mature March Is, 1924.
Bonds 81 to SO inclusive apgregating
81, 500, 90, mature March Is, 1926.
Be it further ordained, that the form
# said bonds shall be substantially as
follows:
UNITED STATES OF AMERICA
STATE OF LOUISIANA
PARISH OF NATCHIToCHEs
CITY OF NATCHITOCHES.
PUBLIC IMPROVEMENT BOND OF The
CITY OF NATCH1ToCHEs.
The City of Natchitoches, Parish of
Natchitoches, State of Louisiana for
'alue received promises to pay bearer
N January l, 19- the sum of
dollars 6 in gold coin
# the United States of the present
tandard of coinage with interest there
n at the rate of five per cent (5) per
nnum from January l, 1915, payable
on the first day of January of
ach and every year upon the
Presentation and surrender OF the in
crest coupons hereto attached as the
anne shall mature. The principal and
interest on this bond is made payable at
he fiscal agency of the City Of Nat
State of Louisiana, or, at !
he option of the holder, at
This bond is one of series of thirty !
tx bonds, numbered l to Sc, fifteen
onds, numbers 9, IL, 10, Is, II. 20, q,
2, 25, 26, n, 80, 81, 80 and 33 being of !
1e denomination of one hundred dollars l
BOO, 0O) each and twenty-one bonds,
ambers l, 2, 8, 4, 5, 6, 7, 8, 10, II, Ia,
), IL, 10, %, "a, %, 20, "a, IS and Sc
cling of the denomination of five hun
red dollars $500. 00) each, aggregat-
e twelve thousand dollars ($I2, 00O. OO)
sued by the City of Natchitoches for
lie purposes of public improvement for r
rect paving in the City of Natchi.
'cheF.
This bond and the others of this
ries are issued in accordance with the
of paragraph 4 of Article
j of the Constitution; of 1893 as {
nnnded by Act No 132 Of the General
Ssellbiy Of 1912 and as re-enac ted by A
ction 4 of Article 23I of the Constitu.
N Of lsl2. The debt represented by