The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-04-02
Ordinance No, z.

An ordinance authorizing the in
curing of an indebtedness OF
Ninety Five Thousand Dollars,
(S95,0OO0O) upon Subdivision
"A" OF Grand MaraiS Drainage
District No. for the purpose
of leveeing, pumping, draining
and retaining the lands en-
braCed within said Subdrainage
District "a" and authorizing
the issuance OF bonds repre-.
Senting said indebtedness, said
bonds maturing at intervals
from 1917 to l947, both lnClu.
Siye, from the date OF issuance,
bearing interest dt the rate OF
five per cent per annum, inter.
est payable Semi.annuallY.
Section |. Be it ordained, by the
Board of Commissioners of Grand
Maras Drainage District No. l, that
acting upon the authority of petition
presented to us, duly executed by the
owners of more than tWO.thirdS OF the
acreage comprised within the confines
of SuDdrainage District "A" and in
accordance with the report of the
Board OF State Engineers. made upon
survey of lines and leVeeS of said dis,
triCt, which report declares that is feast.
BILE to th0roly drain and reclaim said
Subdrainage District "A, Fat cost not to
exceed Twelve Dollars $1,000 per acre,
for nine thousand six hundred l9600O)
acres contained with said Subdrainage
District; that the character Of the land
within said Subdrainage District "A" is
rich, prairie lands, all of which is more
fully shown by the report on file with
Secretary of this Board, and in accord.
ance therWith, they do hereby incur on
behalf of said Subdrainage District "A"
of Grand MaraiS Drainage District No.
l, an indebtedness of Ninety.FiVe
Thousand Dollars $685. 100000 Dollars,
and as evidence of said Indebtedness,
do hereby authorize the issuance by
the President and Secretary Of this Dis
.riCt, under the seal thereof, of one
hundred ninety (19O) bonds of Five
Hundred Dollars ($5OO.OO) each in de.
nomination, said bonds bearing inter.
est at the rate of five (5) per cent per
annum, payable Semi.annually, on the
first days of April and October of each
year.
Section 2. Be it further ordained
etc, that one hundred ninety (190)
bonds of FIVE Hundred Dollars ($5OO.0O)
each, representing a bonded indebted.
ness incurred by the preceding section
of this ordinance shall mature upon the
following dates, to,Wit:
Bonds No. One III, Two (2), Three
(3), and Four a. for the sum of Five
Hundred Dollars ($5OO,OO) each, due on
the first day of April, 1917
Bonds No. Five Isl, Six (6),Seven (7),
and Eight 49, for the sum of Five
Hundred Dollars ($5OO.OGl each, due on
the first day of April 1915
Bonds No. Nine 9, Ten 10, Eleven IL,
Twelve IL, fof the sum of Five Hun.
bred Dollars, $500 90, each, due on the
first day of April, 1919;
Bonds No. Thirteen, Is, Fourteen, Ia,
Fifteen, Is, Sixteen, 16, for the sum of
Five Hundred Dollars, $4,000, each, due
on the first day of April, 1920;
Bonds No. Seventeen, II, Eighteen IS,
Nineteen. 10, and Twenty, 20, for the
sum of Five Hundred Dollars, $4,000,
each, due on the first day of April, 1921;
Bonds No. Twenty.one, 81, Twenty.
two, %, Twenty-three, %, Twent.four,
"a, twenty-five, rs, Twenty.six, 26, for
the sum of Five Hundred Dollars, $780,.
90, each, due on the first day of April,
1922;
Bonds No. Twenty seven, 81, Twenty.
eight, %, Twenty-Five, 20, Thirty, go
Thirty.one, 81, Thirty.two, 80, for the
sum of Five Hundred Dollars, $5O0OO
each, due on the first day of April, 1922
Bonds No. Thirty.three, 80, Thirty
four, "a, Thirty.five, IS, Thirty.six, So
Thirty.seTen, 81, and Thirty.eight, 49,
for the sum of Five Hundred Dollars
$5OOOO, each, due on the first day OF
April, 1923;
Bonds No. Thirty.nine, 80, Forty, 40
Forty.one, Al, Forty.two, az, Forty.
three, 43, and Fortyfour, ID, for the
sum of Five Hundred Dollars, $4,000,
each, due on the first day of April, 1925;
DnnI, G,,o