The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-10-08

SUB-DISTRICT "a" OF GRAND MARAIS
DRAINAGE DISTRICT NO. 1 OF JET.
FEKSON DAVIS PARISH, LOUISIANA.
AN ORDINANCE authorizing the issuance
Of bonds, prescribing their form and ord
erlug the execution of interest coupon
bonds of Sub.draina9e District "a" Of
Grand Marais Drainage District No. of
the Parish of Jefferson Davis, Stat Of
Louisiana; and authorizing the leyying
and collection annually for perOid Of
thirty years an acreage tax, or forced con-
tribution, for the purpose of paying said
bonds and the interest thereon which ma
ture from year to year.
Whereas, petition has BEEN presented to the
Board Of Commissioners Of Sub District "a"
OF Grand Marais Orange District No ! duly
executed by the owners OF more than two
thirds Of the acreage comprised within the
confines OF Sub-Dralnage District "a, based
upon IL report Of the Board Of State Engine
ers, made upon Il survey OF lines and levies
Of said district, which report declared that it
Is feasible to thoroughly drain and reclaim
the lands within the boundaries Of said Sub
drainage District "A" Of $500 acres at a cost
Of not to exceed $12 90 per acre, which peti
ton requests this Is ard to create n bonded
Indebtedness Of Ninety-tve Thousand Dollars
on said Sub-drainage District "a, and
Whereas, acting upon the authority Of said
petition, this BOARD did on March 3rd, 1915,
pass and adopt Ordinance No. =. authOring
the i'll urrlng OF an lndeDte dness of $685.
90 upon said Sub-drainage DlsUrict" "a" for the
purpose of leyeeing, pumping, draining and
retaining the lands embraced within said
Sub-1rainage District "A". and authorizing
the issuance Of bonds representing said in
debtednesS said bonds maturing at intervals
from 1916 to to l945, both inclusive, from the
date Of issuance, and bearing interest at the
rate OF five per cent, per annum, payable
sem,-annually.
Sec. l. Be it ordained By the Board Of Com.
misSi0ners of oub-drainage District "A" Of
Gaand Marais Drainage District No. ! Of JEFF
ferSon Davis Parish, Louisiana, in session Qu-
ly convened, that they do hereby authorize
the issuance by the President and Secretary
OF this District under the seal thereof. OF Two
Hundred Forty Two Bonds, i'll denominations
Of Five Hundred $500 Dollars and One
Hundred Dollars Q00l. said bonds bearing
interest at the rate of five per cent, per all.
mum. payable, sem -annually, on the first day
Of January and July of each year; and.the
levylng Of an acreage tax, or forced contribu-
ton, for an amount per acre sufficient to pay
the interest on the bonded Indebtedness of
said District, the bonds as the same mature
from year to year, and the cost of maintaining
the drainage, each and every year,
Sec ?. Be 1t further ORDAINED, etc. that
there shall be and is hereby ordered TO be exc
cnted the negotiable coupon bonds of said
hub-drainage District "A". in the sum of
Ninety rive Thousand 800, 0O0.O0O) Dollars,
dated the first uay Of July. 1918, of the de-
nomination Of Five Hundred and One
Hundred Dollars, numbered from One to Two
Hundred Forty Two both inclusive, and bear
ing interest at the rate of five per cent. Der
annum, payable somi-annually. thereafter on
the nrSt days OF January and July in each
year, SAID interest to be evidenced by Interest
notes or coupons attracted to said bonds Re-
specuyely, which bonds shall mature a. follow: