The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1915-09-02

compliance with the Constitution and
laws of the State of Louisiana; and,
Whereas, contracts have been made
authority, in behalf of said road district,
for the construction of roads and bridges
in said district, which work is in process
of completion in compliance with each
and all of the conditions OF said con.
tracts, and, when completed, in accord
ance with said contracts, it will be
proper for the Police Jury, as the gov
erning authority of said district, to ac-
cept said work and to pay the contract
price therefor; and,
Whereas, in view of the fact that there
are not funds in the treasury of the
parish to the credit of said district to
pay for the said work; and,
Whereas, the contractors have agreed
to accept interest bearing certificates Of
said road district, payable in from one to
five years, bearing interest at per cent
per annum, payable semiannually:
Now, therefore, be it resolved and or
dained by the Police Jury of Bossier
Parish, Louisiana, in regular session
convened, That, in order to make pro-
vision to pay the contract price for the
building and construction of bridges and
permanent hard roads in said district in
conformity with the contracts for the
construction of same, the President and
Clerk of the Police Jury be and they are
hereby authorized and instructed to
issue eighty certificates of Indebtedness.
of the denomination of $500 each, pred.
icated upon the 5-mill special tax voted
in said district, as aforesaid, the same To
be known as bridge and Road Ger
tificates of Indebtedness of Road Dis.
trict No. /, Bossier Parish, Louisiana.
for the Year of 1916" said certificates 10
bear per cent per annum interest, nav.
able semiannually, to be represented by
coupons attached to same; both certi-
ficates and interest coupons to be paya-
BILE at the American National Bank. in
the city of Shreveport, La.
Said certificates to be dated Septem-
Der /, 1915, and to bear serial numbers
from l to So; and they shall be due and
payable as follows:
II Nos. to 16, inclusive, due March /, 1916.
Nos. II to 30, inclusive, due March /, 1917
Nos. 80 to AZ, inclusive, due March |, 1918.
Nos. 40 to 81, inclusive, due March /, 1919.
Nos. 65 to so, inclusive, due March 1, 1920.
Be it further ordained, That the Pres
ident and Clerk of the Police Jury be
and they are hereby instructed to cause
said certificates to be prepared at once
and to sign each certificate. On the
coupons attached to said certificates
shall be Autographed fac simile of the
signatures of the President and Secre-
tary of the Police Jury.
Be it further ordained, That each
year, while any of said certificates are
outstanding, the Police Jury shall, in
addition to all other taxes, levy special
5-mill tax, as authorized by the voters
and taxpayers at said special election, Ia
pay the interest on said OUTSTANDING
, certificates and to pay the certificates
falling due the ensuing year.
This ordinance was adopted by the
+ following vote: Yeas-Messrs. Logan
J. T. McDade, Wright, Stewart, Whit
: tington and J. G. McDade. Nays-none
j. G. LOGAN,
: attos+. President Police Jury.
R. B. HILL, Clerk Police Jury. sae