The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1915-11-04
AN ORDINANCE.

presiding ana all members present,
AN ORDINANCE.
By Mr.. PiersJn, seconded by Mr.
Adams:
An ordinance for the issuance OF
road and bridge bonds of the Parish OF
Natchitoches, in the sum of Twenty
Thousand Dollars, and providing for
the payment of the principal and in
terest thereof,
Whereas, the Parish of Natchitoches
is now engaged in constructing two
bridges across Cane River for the said
Parish, the title to which shall remain
in the public, and,
| Whereas, the said bridge are a public
highway. and public necessity, and
Whereas, the Police Jury has ex-
amined the statutory, ordinary and
necessary charges for the Parish of
Natchitoches, to be paid out of the pro-
ceeds of the ten mill tax authorized bv
the Constitution, after providing for
all governmental statutory, necessary
and other charges, and,
| Whereas, for such examination the
Police Jury has determined aud does
determine now and does hereby declare
| that for the Statutory, ordinary and
necessary charges of the Parish of Nat
| chitoches, there will be required not to
exceed min and one-half mills of the
Constitutional tax of Ten Mills, leav-
ing for highway and bridge purposes,
more than One-Fourth of a Mill, There
fore;
Be it Ordained by the Police Jury of
the Parish of Natchitoches.
Sec. l In order to provide for the
payment of the installments of princi-
pal and interest of the bonds authorized
by this ordinance to be issued, there
shall be annually levied in each of the
years, the full ten mill tax authorized
each of the years 1915 to 1924 both
years inclusive; that out of the con-
stitutional tax which this Parish may
lawfully levy, there shall be and there
is hereby appropriated and set apart
onefourth of one mill thereof for the
term of ten years, beginning with the
year 1915, and ending with the year
1924, for the purpose of paying the
principal and interest of the road and
bridge bonds hereinabove authorized,
together with such other funds as may
be necessary to fully and promptly pay
the principal and interest of said bonds
as they mature.
Sec. 2. That said bonds shall be is
sued in the principal sum of twenty
Thousand Dollars, and shall bear in
terest at the rate of per cent from
March LIST, 1915, until paid, payable
annually on the FIRST day March of
each and every year; the first payment
hereunder to be on March 1st, 1916,
and annually thereafter on March LIST,
until the full payment of said bonds
and interest coupons, upon the presen-
tation and surrender of said bonds and
interest coupons as they severally be-
come due.
Sec. 8. That the President of the
Police Jury of the Parish of Natchito-
ches be and he is hereby authorized
and directed to execute and to deliver
to the purchaser thereof, bonds of the
Parish of Natchitoches, State of Louis
lana, payable to bearer in the aggre-
gates sum of Twenty Thousand Dollars
in the following denominations to-wit; |
Sc bonds for Five Hundred Dollars |
each, numbering from One to Thirty |
Six inclusive.
20 bonds for One Hundred Dollars
each, numbered from 81 toss inclusive. |
Designated as per cent road and |
bridge bonds and numbered from One |
to Fifty Six inclusive, All dated March
LIST. 1915, and maturing seriaIly as fol-
lows.
Nos. /, 2, 8, and 81, $16OO.OO due Mar.
lst, 1916.
Nos. 4, 5, 6, SO. and 80, $4,000 due
March 1st, 1917.
Nos. z, 3, 8, 10, Al, and AZ, 1890. 90
due March 1st 1918
Nos. 10, IL, IL, 43. "A, Is, as, $500. 90
due March Ist, 1919.
Nos. 10, IA, Is, AZ, 48, 49, so, $500. 90
due March LIST. 1920.
Nos, Is, II, II, 19, $1,000. 90 due Mar.
est, 1921
Nos. 20, 81. %, %, 81, $21OO. 90 due
March 1st. 1922.
Nos. "a, 25, 26, q, So, So, $4,000. 90
due March lst. 1913.
Nos. %, 20, 80, 81, 81, So, Sc, $780, 90
due March 1st. 1924.
Total 100000.
All of said bonds bearing interest at
the rate of per cent per annum from
March 1st. 1915, payable annually on
the First day of March each year until
payment of the principal sums thereof,
together with all interest as evidenced
BY the coupons attached thereto, and
both principal and interest of said
bonds shall be payable at the Office of
the Treasurer of the Parish of Natchi-
5oches in the City of Natchitoches.
La, or at the Hanover National Bank
IF New York, N. Y. and said bonds
shall be signed by the President of the
Police Jury of the Parish of Natchito-
hes, and attested by the Secretary OF
The Police Jury, Provided that said in
crest coupons shall be authenticated
by the facsimile signature of said
President and Secretary.
1t is provided that the said bonds
hall be substantially in the following
,orm:
UNITED STATES OF AMERICA |
STATE OF LOUISIANA.
PARISH OF NATCHTTOCHES