The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1915-09-04
Official Proceedings of the Police Jury
of Grant Parish.
Colfax, La. Aug. 80, 1915.

OIL Grant Parish.
Colfax, La, Aug. 80, 1915.
The police jury met pursuant to call
for the purpose of transacting such
business and adopting such resol tons
and ordinances as may be required, in
order to provide for the sale of the
bond issues of road districts numbers
one and five.
All the members were present.
On motion duly seconded the follow
ing ordinance was unanimously adopted
AN ORDINANCE
Providing for the issuance of thirteen
thousand dollars ($l3, 00O) of FIVE per
cent road bonds in behalf of road dis
trict number one of the parish of
Grant.
Whereas, the police jury of the par
ish of Grant, State of Louisiana, did on
June z. 1915, order a special election to
be held on July IL. 1915, in road district
number one of the parish of Grant for
the purpose of taking the sense of the
qualified voters on the proposition of
issuing bonds in the sum of thirteen
thousand dollars ($i3,0OO. and said
election was favorable to the issuance
of said bonds. and the police jury met
on July IA, 1915, and promulgated the
returns of said election; therefore.
Be it ordained by the police jury of
the parish of Grant, State of Louisiana,
That the president of the police jury of
the parish of Grant be and he is hereby
authorized and directed to execute and
deliver to the purchaser thereof bonds
of the parish of Grant, State of Louisi-
ana, on behalf of road district number
one, payable to bearer in the aggregate
sum of thirteen thousand (S13, O0O) dol
lars, all in the denomination of five hum
dred dollars ($5OO) and designated as
five per cent go good roads bonds
and numbered from one to twenty-six,
inclusive. all dated September /, 1915,
and maturing serially, as follows:
Numbers to 5. inclusive. on May l,
1916.
Numbers 6 to 10, inclusive, on May l,
1917.
Numbers IL to Is, inclusive, on May
/, 1918.
Numbers l6 to 20, inclusive, on May
/, 1919.
Numbers 81 to 26, inclusive, on May
/. 1920.
All of said bonds bearing interest at
the rate of five per cent per annum,
payable semi-annually on the first day
of May and November of each and ev-
cry year until final payment of the
principal sums thereof, except that the
first interest payment shall be made
on the first day of May, 1916, as evil
denced by interest coupons attached
thereto; and both principal and inter-
est of said bonds shall be payable at
the Office of the treasurer of Grant
parish in the town of Colfax, or at such
bank as may be designated by the pur-
chaser of the bonds, and said bonds
shall be signed by the president of the
police jury of the parish of Grant and
attested by the secretary of the police
jury, provided that said interested cou-
pons shall be authenticated by the fac
simile signatures OF said president and
secretary.
And it is provided that said bonds
and coupons shall be in substantially
the following form:
UNITED STATES OF AMERICA
State of Louisiana
Parish of Grant
No.. Road District Number One S..
FIVE PER CENT ROAD BOND
Know all men by these presents,
That the parish of Grant, State of Lou
isiana, on behalf of road district num-
Der one of said parish is indebted and
for value received hereby promises to I
pay to bearer five hundred dollars, law
full money of the United States of
America, on the first day of May, 49,,
with interest at the rate of five per
centum per annum from date hereof,
payable semi-annually on the first days
of May and November, except that the
first interest payment will be on May
/, 1916, on presentation and surrender
of the annexed coupons bearing fac
SMILES of the signatures of the presi-
dent and secretary of the police jury
of the said parish as they severally be-
come due. Both principal and interest
of this bond are payable at the Office of
the treasurer of said parish, at Colfax.
Louisiana. or at such bank as may be
designated by the. holder of this bond
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