The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1915-10-02

the qualified voters IN the proposition
of issuing bonds in the sum of sixteen
thousand five hundred dollars {$i6, 500
and said election was favorable TO the
issuance of said bonds, and the police
jury met on July Ia, 1915, ana promul-
gated the returns OF said election,
Therefore, be it ordained by the police
jury of the parish of Grant, State OF
Louisiana, That the president of the
police jury of the parish of Grant be
and he is hereby authorized and direct
ed to execute and deliver to tbs pur-
chaser thereof bonds of the parish of
Grant, State of Louisiana, on behalf of
road district number FIVE, payable to
bearer in the aggregate sum OF sixteen
thousand five hundred dollars ($l6. 500,
all in the denomination of five hundred
($500) and designated as five per cent
go good roads bonds and numbered
from one to thirty-three inclusive, all
dated September |, 1916, and maturing
serially, as follows:
Numbers ] to Z, inclusive, on May J..
1916.
Numbers to Ia, inclusive, on May l.,
1877.
Numbers Is to q. inclusive, on May
/, 1918.
Numbers % to q. inclusive, OH May
l, 1919.
Numbers 28 to SO, inclusive, on May
l, 1920.
All of said bonds bearing interest at
the rate OF five per cent per annum,
payable semi annually on the first days
of May and November of each ano
every year until final payment of the
principal sums thereof, except that the
first interest payment shall be made on
the first day OF May, 1916, as evidenced
| by interest coupons attached thereto;
and both principal and interest Of said
bonds shall be payable at the Office of
the treasurer of Grant parish in the
town of Colfax, or at such bank as
may be designated by the purchaser Of
the bonds, and said bonds shall be sign
ed by the president of the police jury
of the said parish of Grant and attest
ed by the secretary Of the police jury,
provided that the said interest coupons
| shall be authenticated by the fac-simile
signatures of said pres dent ard secre-
tary. And it is provided that SAID bonds
and coupons shall be in substantially
the following form:
UNITED STATES OF AMERICA
State Of Louisiana
Parish of Grant
No.. Road District Number Five S..
FIVE PER CENT ROAD BOND
Know all men by these presents,
That the parish of Grant, State of
Louisiana, OH behalf of road district
number five of said parish is indebted
and for value received hereby promises
to pay to bearer. FIVE hundred dollars
lawful money of the United States of
America. on the first day Of May, 10. :,
with interest at the rate of five per
centum per annum from date hereof,
payable semi-annuaIly on the first days
of May and November, except that the
first interest payment will be on May
/, 1916, on presentation and surrender
of the annexed coupons bearing fac
Smiles of the signatures of the presi-
dent and secretary OF the police jury
of the said parish as they severaiiy be-
come due. Bo.h the principal and IN
terest OF this bond are payable at the
office OF the treasurer of said parish at
Colfax, Louisiana, or at such bank as
may be designated by the holder o.
this bond and of the interest coupons.
This bond is one of a series of thirty
three bonds of like date, tenor and eff
feet, excepting as TO maturity, issued
by the police jury CT the parish OF
Grant, State of Louisiana, on behalf oil
road district number five of said parish
for the purpose of road construction
and Improvement within the confines
of said district, under and in full COM
pliance with the constitution and laws
OF, the State of Louisiana, and especial
| ly Article 2Sl of the constitution and
Act ESQ of 1910 and Act 2lS of 1912 and
an ordinance duly and regularly adopt
ed by the police jury OF said parish or
the 30th day of August, 1915, and on
behalf of said road district said parish
is hereby held and firmly bound and
| the full faith and credit of said district
are hereby pledged for the payment OF
principal and interest hereof at maturi-
ty.
1t is hereby certified, recited and de-
clared that ample provision for the pay
ment of the principal and interest here
of has been made by the voting OF au-
thority to issue said bonds and to levy
a sufficient tax each year on all prop
erty, beginning with wear 1915and run
ming for the life of the bonds. all ia
full accord with the constitution and
laws of the State of Louisiana. as here