The Caldwell watchman. (Columbia, La.) 1885-1946, 1915-07-30
Ordinance No. IL.

Whereas, at a special election, duly
and regularly called, and held If
School District No. q of the Parish
of Caldwell, Louisiana, on May 18th
A. D. 1915, proposition was submit
ted to the vote of the property ia,
payers of said school district, quail
fled as electors under the Constitution
and laws of the State of Louisiana, a:
to whether a debt should be incurred
and bonds issued for School Distric
No. q to the amount of Fifteen Hun
dred (Sl5000W Dollars, to run five
years, and to bear interest at the rate
of five 60 per cent per annum, pay.
able annually, for the purpose of con-
structing and equipping a school build.
ing in said School District No. u.
And, Whereas. the mourning of said
debt and the issuance of said bonds
was duly and regularly authorized by
vote of the majority, in number and
amount, of the property tax payers OF
said School District No. u, voting at
said election, as will appear by Ordi-
nance No. ---- of the Parish Board
of School Directors of the Parish OF
Caldwell, Louisiana, of May 10Th.
1915, promulgatine the returns of said
election.
And, Whereas, it is necessary that
the Board of School Directors should
incur said debt and issue said bonds,
now. therefore,
Section |. Be it resolved by the
Board of School Directors of the Par
ish of Caldwell, Louisiana, in regular
session assembled, That debt in the
sum of Fifteen Hundred Dollars
($l5O0OO) be. and the same is hereby
incurred for, in the name of, and on
the behalf of School District No. Il,
of the Parish of Caldwell, Louisiana,
and that, as evidencing said debt, ne
gotiable bonds be, and they are here
by ordered and authorized to be issued
in the amount of Fifteen Hundred
Dollars ($l5O000), bearing interest at
the rate of Five 60 per centum per
annum, payable annually, to- run for
a period of Five 50 years fr ON date,
and issued in such denominations, and
payable in such time, as is hereinafter
designated, in conformity with the
Constitution and Laws of the State of
Louisiana, especially Act No. ESQ of
the session acts of the General As
sembly of the State of Louisiana, for
the year 1910 as. amended by Act 2lS,
of 1912; and that the whole of the
funds realized from the mourning OF
said debt and the sale of said bonds
to be used for the purpose OF erecting
and equipping school building in the
said School District No. u.
Section 2. Be it further resolved;
That Geo. T. Martin, President, and
7. C. Hines, Secretary-Treasurer, of
the Board of School Directors of the
Parish of Caldwell, Louisiana, be.
and they are hereby authorized, en-
powered, and directed to have pre-
pared, and to sign and execute under
the seal of the Board of School Direc-
tors of the Parish of Caldwell. Lou
isiana, negotiable bonds, to be known
and designated as: Bonds of School
District No. II of the Parish of Cald-
well, State of Louisiana, said bonds
to be of the denomination of Three
Hundred ($3000O Dollars each, to
be five (5) in number and numbered
from one to five Inclusive, aggregat-
ing the sum of Fifteen Hundred ($l,-
10000 Dollars, dated April lst, 1915.
and bearing interest at the rate OF
five 60 per centum per annum, pay
able annually on the first day of April
of each and every year after date
thereof, until payment of the principal
sum, the principal and interest to be
payable at the --------------------