The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-12-24
Ordinance No, 72 r,

Whereas, the assessed value VI az
taxable property in the Parish OF Cald
well. for the year A D 1915 as shown
by the assessment rolls now on file IN
the office of the Tax Collector OF SAID
Parish, amounts to Two Million Two
Hundred Fifty-four Thousand Five
Hundred Sixty and no-l0O Dollars lSZ,-
254, $4,000, and averaged Two Million
One Hundred two Thousand One Hun
dred and Seventy five Dollars g., lO2,
l75. 0O), for the preceding four years
as shown by the certificate Of the Par
ism Assessor and whereas in our opln-
ion, there Is nc reason to apprehend
any material decrease in the assessed
valuation Of said property in the next
ten years and whereas an average OF
eight mills per annum on the dollar
was sufficient for all statutory end or
binary expenses OF the pari; h Uf CaIu-
well for the past ten years and where
as an annual levy Of eight mills on the
dollar general property tax on all tax
able property within the Parish Of Cald
well is calculated to be sufficient to
day all the statutory and ordinary eX-
penses Of the Parish Of Caldwell, for
| the next ten years and whereas, there
is then estimated to be a residue OF
2 and II mill between the annual levy
necessary to meet the statutory ana
| ordinary expenses, and the ten mills
authorized under article 232 Of the Con
Stltutl0n OF 1913, exceeding Z and Il
mills per annum and whereas the sald
and II mills per annum on all taxa
ton in the Parish Of Caldwell will a.
mount in ten years to Fifty-tive thous-
and dollars ($55, 0Ot.QO) approximately
and whereas, it is the sense Of this
Police Jury that for the purpose Of CIV
ing addition aid to gravehng the Col
umba-RayvilIe Highway and the Col
umJia-CollaX Highway now in course
Of construction under the supervision
Of the State Highway Department; az
additional amOnnt equal to one mill 81
said residue shall be set aside during
| the years of 1916 to 1926 both inc'uslv.
| and shall be funded into Bonds TO run
for period covering ten years, paya-
| Die Al the lie OF One ] co. Sane flVt
Hundred Dollars (&l, 10000 per year,
| beginning with the YEAR 1910 ahG Il
pear interest at per cent per annun.
which interest shall be payable semi
annually, and which bonds shall not De
sold for less than par, and whereas
the Police Jury is the governing body
by which said taxes shall be levied.
and bonds issued according to law, I'M
der article PSI of the Constitution OF
1918.
Nov, therefore be it ordained by the
Police Jury Of the Parish Of Caldwell,
in regular session convened, that bonds
of the Parish of Caldwell, in the ag-
grigate sum of Fifteen Thousand Dol
lars (Sl5, 900 OO to be designated koal
and state highway Indemnity bonds =
of Caldwell Parish, series No. Two (2)
! are hereby authorized and directed tt
be issued, said bond to be dated Dec.
II, 1915. in the denomination of Fifteen
| Hundred Dollars (Sl500 COZ each, flf.
| teen Hundred Dollars of which shall be
come due and payable on Dec. 7, 1916,
and the same number of said Bonds
Shall become due and payable on the
lsame date of each of the succeeding
years up TO and including the yeal
| 1926, and each to bear interest at The
rate of per cent per annum from the
; date thereof. both principal and inter
est to be paid in lawful money OF the
United States Of America, at---------
The interest on said Bonds to be evl
denced by suitable coupons attached
which coupons may be executed from
the original or Autograph Fac-Simile
signature of the President and Clerk Of
the said Police Jury. Said President
and Clerk are hereby authorized t.
cause said Bonds to be printed, ant
when so printed, to be signed by tn,
? said President and attested by tht
| Clerk under the seal of the Parish
! said bonds to be in substantially the
following form, tO-wit:
Form of Bond:
UNITED STATES OF AMERICA
STATE OF LOUISIANA
PARISH OF CALDWELL
Road and State Highway lndemnit!
No. $500. o.
Know all men by these present, tina
J. the Parish of Caldwell and in tht
v State of Louisiana, for value received
' hereby promises to pay to bearer OF
x the It'll day of Dec. 10 the princl
r pal sum Of One Thousand Five Humid
;, red Dollars ($l5OO.OW in lawful none.
q Of the United States Of America, witt
!. interest thereon at the rate of . pc
per annum upon presentation and sur
render of the annexed interest cOu
pom and when they respectively be
come due. both Principal and Inter
est OF this Bond is hereby made pay
- and for the prompt payment Of bot
principal and interest of this bond
the full faith and resources and cred
4 it of said Parish of Caldwell, is here
y by irrevocably pledged.
This bond is one of the series @
\ Ten Bonds Of like date, tenor and ei
d feet except as to maturity. Number
n ing from one to ten both inclusive
issued by the Parish of Caldwell, a
representing an Indebtedness as incu
red for the purpose Of aiding in til
construction Of Roads and Indemnity
ing the State Highway Department
for funds previously expended in e,
pended IN excess of its legal propol
ton in said Parish, under authorit
OF Article PSI Of the Constitution {
the State of Louisiana 1913, and b
further authority of Article 232 {
OF the said Constitution and ordinal
ces duly passed and adopted by tt
Police jury of said parish accnrdin