The true Democrat., 1915-08-14


nually on the 1st day of February on each
of the years 1915 to 1925, both inclusive.
and said bonds shall have the following
numbers, amounts and maturities, as fol-
lows, to-Wit:
List of Bonds.
Bonds No. 1,2. 100000
Due Feb. /, 1918
Bonds No. 3,4,5,6 100000
Due Feb. l, 1919.
Bonds No. ,8,9,l0, II, 12.......... 90
Due Feb. l, 1920.
Bonds No. 13,1415 5,16,17 1S........ 100000
Due Feb l., 1921.
Bonds No. 19,20,21, 1928, 24........ 100000
Due Feb. l, 1922
Bonds No. 25,2627, 7,2S,29, 3O,31,32.. 100000
Due Feb. l, 1928.
Bonds No. 33,34,S5. 36.S7, 1888, 40. 100000
Due Feb l, 1924.
Bonds No. 41,42,43,44,45. 46,474S.. 100000
Due Feb l, 1925.
Bonds No. 1850. ..,....,.......... 100000
Due Feb l, 1925.
Authorized Total bonds. ........ S25, 600. 90
Said bonds shall have coupons annexed
to them, evidencing the interest accruing
thereon on the 1st day of February of
each year of 1916 to 1925, inclusive and
said bonds shall be negotiable and payable
at any bank in Louisiana, Chicago or New
York or at the Parish Treasury at ST.
Francisville, Louisiana, as shown in the
face of said bonds, which shall be payable
both principal and interest without offset
on iii ban Il
from all legal defects and defenses after
their delivery to the Contractor and said
bonds shall be made payable to bearer and
shall be of such form and contain such
recitals as may be satisfactory to the Con-
tractor and it's Attorney.
Section 3. Said bonds shall be signed by
the President of the Police Jury and
countersigned by the Clerk of the Police
Jury and the seal of said Police Jury shall
be placed upon the principal of said bonds
but the coupons may be signed by the
facsimile of said President and Clerk and
said bonds numbered from one to forty
eight, inclusive, and amounting to $24,-
100000 are sold to Austin Brothers to pay
for said bridges and satisfy said contract
Austin Brothers and they are sold to them
at par, as any of said bridges may be
completed and accepted as per contract.
Be it further ordained that the Police
Jury of said Parish have found and de-
termined judicialiy both as matter of
fact and of law that there is a residue of
the ten parochial tax authorized by
~ Nf IL
residue amounts to two and one-half mills
on the dollar of said ten-mill tax, and
that the avails Of said tax when levied
upon the assessed valuation of said parish
as last made and filed, to-wit: $1,S75, ,671
or $4,500.00 per annum is surplus which
has been found to exist in conformity to
the requirements of Act 80 of 1902 as
residue is in excess of the Parish revenues
above statutory, necessary, and usual
charges and time contracts and other
debts as required by said Acts 80 and 12S
Said Parish shall create a fund out of
which said bonds shall be paid and the
avails Of the said two and one-haf mills
of the ten-mill parochial tax which is
which tax shall be levied annually for not
ten consecutive years and pro-
ceeds of said tax shall create special
fund for the purpose of paying the inter-
est and principal Of said bonds, that Is to
say that said special tax of two and one
half mills on the dollar shall be levied an
nually on all the taxable property of said
ri ri NJ, ~ fhn
1915, 1917, 1918, 1919, 1920. 1921, 1922, 1923.
1924, 1925, that is to say that said tax
shall be levied in the year 1915 to pay the
interest and principal falling due in the
year 1917, and said tax shall be levied in
the year 1917 to pay the interest and
in the year 1918, and said tax
shall be levied in the year 1918 to pay the
principal and interest falling due in the
year 1919, and so forth until the principal
and interest of said bonds have been paid
rs they mature and as herein provided;
he principal and interest falling due in
any one year shall be previously budgeted
rom year to year and said two and one
lalf mill tax shall be budgeted from year
% year by the Police Jury as provided by
provided shall be declared by any court
not to be the valid bonds Of said Parish |
hen and in that event said bonds shall |
De declared to be the lawful certificates
If payment as provided by Acts 80 and |
% of the General Assembly of the State |
If Louisiana. This ordinance shall be |
carefully recorded upon the minutes of the |
Police Jury and published as required by |
aw and certified copy Of the same fur |
iished to Austin Brothers, and this ordi-
lance shall go into effect from and after |
is adoption.
1t is further ordained and expressly de- |
Jared that said bonds numbers 49 and so |
ire the property of the Parish and shall |
,e issued and delivered at the option of |
he Parish and be sold at par for money
n the event said money may be needed to |
lefray the expense which may be in
urred by the employment Of a supervis-
ng engineer to superintend the construc-
ion Of the said bridges, or to pay for the |
ost of constructing proper approaches to |
aid bridges named in said contract, one
n both at the election and further orders
f the said Police Jury.
Said foregoing ordinance having been
uly read and understood, was duly adopt
d and approved by the Police Jury of
aid Parish on the first Wednesday and
tn day of the month of August, 1916.
Approved:
S. L. LAVERGNE,
President Pro Tempore Police Jury.
Attest:
C. r. TOORAEN,