The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-04-09
Ordinance No. 2

curing OF an indebtedness of
Ninety Five Thousand Dollars.
! (SS5OOO.OO) upon Subdivision
"A" of Grand Marais Drainage
District No. for the purpose
of leveeing, pumping, draining
and retaining the lands EN-.
DRdced within said Subdrainage
District "a" and authorizing
Inc issuance OF bonds repre-.
Senting said Indebtedness, said
bonds maturing at intervals
rom 1917 to 1947, both inclu.
S'Ve' from the date of issuance.
bearing interest DIT the rate of
i've per cent per annum, inter.
est payable semiannually.
Section l. Be it ordained, by the
Board OF Commissioners of Grand
MafalS Drainage District No. |, that
acting upon the authority Of petition
presented to US, duly executed by the
owners of more than tWothirds Of the
acreage comprised within the confines
OF Subdrainage District "a" and in
accordance with the report of the
Hoard OF State Engineers. made upon a
survey OF lines and leveeS of said dis.
tnCt,WhiCh report declares that is feast.
Ole 10 thoroly drain and reclaim said
Subdralnage District "A, at cost not to.
exceed Twelve Dollars $1,000 per acre,
Tor nine thousand six hundred (96OOO)
acres contained with said Subdrainage
District; that the character of the land
within said Subdrainage District "a" is
rich, prairie lands all of which is more
tlIly shown by the report on file with
Secretary Of this Board, and in accord.
ance therWith, they do hereby incur on
behalf of said Subdrainage District "A"
OF Grand MaraiS Drainage District No.
l, an indebtedness of Ninety.Five
Thousand Dollars S95,OOO.OO) Dollars,
and as evidence of said Indebtedness,
do hereby authorize the issuance by
the President and Secretary of this Dis.
trict, under the seal thereof, of one
hundred ninety ESQ., bonds of Five
Hundred Dollars ($5OO.OO) each in de.
nomination, said bonds bearing inter.
est at the rate of five (5) per cent per
annum, payable Semi.annually, on the
first days of April and October of each
year.
Section 2. Be it further ordained
ETC., that one hundred ninety (19O)
bonds of Five Hundred Dollars $500. OO)
each, representing a bonded indebted.
ness incurred by the preceding section
of this ordinance shall mature upon the
following dates, to.wit:
Bonds No. One ~, Two (2), Three
~, and Four al for the sum of Five
Hundred Dollars (S5OOOO) each, due on
the first day of April, 1917;
Bonds No. Five Isl, Six 80 Seven (7),
and Eight 49, for the sum of Five
Hundred Dollars (S5OO.OG) each, due on
the first day of April, 1918;
Bonds No. Nine 9, Ten 10, Eleven II,
Twelve IL, fof the sum of Five Hun.
bred Dollars, $500. 90, each, due on the
first day of April, 1919;
Bonds No. Thirteen, Is, Fourteen, Ia,
Is, Sixteen, Is, for the sum of
Five Hundred Dollars, S5OO.OO, each, due
On the first day of April. 1920;
Bonds No. Seventeen, II, Eighteen 10,
10, and Twenty, 20, for the
sum of Five Hundred Dollars, $4,000,
each, due on the first day of April, 1921;
Bonds No. Twenty.one, 81, Twenty
two, %, TWenty.three, %, TWent.four,
"a, twenty-five. rs, Twenty.six, 26, for
the sum of Five Hundred Dollars, $780,.
DO, each, due on the first day of April,
1922;
Bonds No. Twenty.seven, 81, Twenty.
eight, %, Twenty-Five. 29, Thirty, 30,
rhirty.one, 81 Thirty.tWo, 81, for the
sum of Five Hundred Dollars. $5OO.OO,
each, due on the first day of April, 1922;
Bonds No. Thirty-three, 80, Thirty.
Jour, "a, Thirty.fve, IS, Thirty.Six, 36,
Thirty.Seven, 81, and Thirty.eight, IS,
for the sum of Five Hundred Dollars |
S5OOOO. each, due on the first day OF
April, 1923;
Bonds No. Thirty.nine, 80, Forty, 40,
Forty.one, Al, Forty,two, %. Forty
three, 4S, and Forty.four, A, for the
sum of Five Hundred Dollars, $500.00 |
each, due on the first day of April, 1925;
Bonds No. Forty.f1ve, IS. Forty.six.
46, Forty.Seven, AZ, Forty.eight, IS,
Forty.nine, 40, and Fifty, so, for the
sum of Five Hundred Dollars, $5OO.O0, |
each due on the first day of April, 1926
Bonds No. Fifty.one, 81, Fifty two |