The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-01-22
ORDINANCE So

ParlSh jail for the Parish Of Jeffer
son Davis, by the Pauley Jail Build
ing Company; providing for the
issuance of certificates of indebted
ness in payment of the contract price
thereof and defeating a sufficient
amount of the excess revenues of
the Parish of Jefferson Davis for the
years 1915, 1915, 1917, 1918, 1919 above
the statutory necessary and usual
charges to pay and retire said certi.
Gates in principal and intere I.
Whereas, the Police Jury of the Par.
lSh Of Jefferson Davis has entered into
a contract with the Pauley Jail Build.
ing Company of st. Louis, Missouri, by
the terms of which the said Company
| ObligateS itself TO furnish all of the
materials and perform all the work for
the complete construction of a two.
story and basement parish Jail of brick,
concrete and steel, to be erected at
Jennings, in the Parish of Jefferson
Davis, State of Louisiana, and the said
Police Jury has agreed to pay for said
work when delivered to it in accor,
dance with the terms of said contract,
free and clear of all liens and oncum.
branCeS, the sum and price of Twelve
Thousand Nine Hundred and Eighty.
One and 22.100 Dollars, and
Whereas in order to pay for said
work it is necessary that the future
revenues Of the Parish of Jefferson
Davis shall be drawn upon and cert.
ficateS of Indebtedness be issued by
this Police Jury in accordance with
law, in lieu of cash payment of all of
the contract price for said work, and
Whereas the revenues of the parish
for the year 1915 in excess of the Statu.
tory, necessary and usual charges for
said year are not less than Four
Thousand $4,000 90 Dollars.
Section |. Now, therefore, Be it or.
dained by the Police Jury of the Parish
Of Jefferson Davis, that certificates of
Indebtedness for the payment of the
full contract pride for the complete
construction of said parish Jail build.
ing be and the same are hereby autho.
riZed to be issued as provided in the
contract for the construction of said
building heretofore entered into be.
tween said Pauley Jail Building Com.
pany and the Police Jury.
| Section 2. Be it further ordained,
etc. That said certificates shall bear
interest at the rate of five per cent per
annum from their respective dates, all
interest on the whole of said indebted.
ness to be due and payable is seminar.
nually the first installment of said in.
terest aud one fifth Of the principal of
said contract price to be said April list,
1916,no certificates so issued TO be for an
amount less than One Hundred Dollars.
They shall be issued from time to time
during the construction of said Jail on
certificates of the architect, I. C. Carter
as provided in said contract for the
construction of said Jail.
| Section 3 Be it further ordained etc.
That the certificates of indebtedness
herein provided for shall be in such
form as the President of this Police
Jury may approve and be valid, shall be
signed by him in his capacity as PreSi.
dent and counterSigned by the Parish
Treasurer.
Section 4. Be it further ordained, etc.
That for the payment Of said certif1.
Gates of Indebtedness in principal and
interest there is hereby dedicated, ap.
propriated and set apart out of the ex.
cess revenues of the year 19l5,above the
statutory, necessary and usual charges
for said year, the sum of Three Thous,
and Six Hundred {s3,600 Dollars, or so
much thereof as may be necessary, to
retire certificates as representing one
| fifth of the total amount Of said con.
tract price and to pay the interest
which natures on or before October
list, 1915, upon said contract price.
That there is hereby dedicated ap.
propriated and set apart for said pur.
pose out of the excess revenues Of the
year 1915 above the statutory, necessa.
Sy and usual charges for said year,
the sum of Three Thousand Four Hun.
dred ($3,400.) Dollars; OF so much
thereof as may be necessary to retire
certificates representing one fifth of
the total amount of said contract price,
and to pay the interest which natures
, on or before October 1st, 1917, on said
contract price.
That there is hereby dedicated, ap.
propriated and set apart for said pur.
pose out of the excess revenues
of the year 1917 above the statutory,
necessary and usual charges for said
year, the sum of Three Thousand and
One Hundred and Fifty ($3150 90 Dol.
lars, or so much thereof as may be
necessary to retire certificates repre-.
senting one fifth Of the total amount of
said contract price and to pay the inter.
est which natures on or before Octo.
Der /, 1918 upon said contract pric e.
That there IS hereby dedicated, appro.
priated and set apart for said purposes
out OF the excess revenues for the year
1918 above the statutory, necessary and
usual charges for said year, the sum
Three Thousand ($300000l Dollars or so
much thereof as may be necessary to
retire certificates representing one
fifth of the total amount of said con.
tract price; and to pay the interest
which natures on or before October l,
1919, upon said contract price.
That there is hereby dedicated, ap'
propriated and set apart for said pur.
pose out of the excess revenues Of the
year 1919, above the statutory, neces.
sary and usual charges for said year,
the sum of Two Thousand Eight Hun.
dred ($2, 800 Dollars. or so much thereof