The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-04-23
Ordinance No. 2

AN ordinance authorizing the In.
curing of an indebtedness of
Ninety Five Thousand Dollars,
lSsS,OOO.oO) upon Subdivision
"A" OF Grand Marais Drainage
| District No. for the purpose
OF leVeeing, pumping, draining
and retaining the lands EN-.
Draced within said Subdrainage
District "a" and authorizing
the issuance OF bonds repre-.
Sentlng said indebtedness, said
bonds maturing at intervals
from 1917 to l947, both incIu.
slVe. from the date of issuance,
bearing interest at the rate of
i've per cent per annum, inter.
est payable Semi.annually,
Section l. Be it ordained, bv the
Board OF Commissioners of Grand
MaralS Drainage District No. /, that
acting upon the authority of a petition
presented to us, duly executed by the
owners OF more than tWo.thirdS of the
acreage comprised within the confines
OF Suhdralnage District "a" and in
accordance with the report of the
Board OF State Engineers. made upon a
survey OF lines and IeVeeS of said dis,
trlct'Whlch report declares that is feast.
Die 10 thoroIy drain and reclaim said
Suodralnage District "A, 'at cost not to
exceed Twelve Dollars $1,000 per acre,
Tor nine thousand six hundred f96OO0)
acres contained with said Subdrainape
District; that the character of the land
within said Subdrainage District "A" is
rich, prairie lands,all of which is more
1ully 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.
/, an indebtedness of Ninety.Fiye
Thousand Dollars ($95,OO0OO) Dollars,
and as evidence of said Indebtedness.
do hereby authorize the issuance by
me President and Secretary of this Dis.
trlct, under the seal thereof, of one
hundred ninety G9O) bonds of Five
Hundred Dollars (S5OOOO) 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 (19O>
bonds of Five Hundred Dollars ($5OO ON
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 ~, Two (2), Three
(3), and Four az for the sum of Five
Hundred Dollars (S5OO.OO) each, due on
the first day of April, 1917;
Bonds No. Five Isl, Six 6y,Seven (7),
and Eight tS) for the sum of Five
Hundred Dollars ($5OO.OC) each, due on
the first day of April, 1918;
Bonds No. Nine 9, Ten 10, Eleven Ii,
Twelve IL, fof the sum of Five Hun.
bred Dollars, $500 90, each, due on the
first day Of April, 1919;
Bonds No. Thirteen, 10, Fourteen, a.
Is, Sixteen, 16, for the sum of
Five Hundred Dollars, $5OOOO, each, due
IN the first day of April, 1920;
Bonds No. Seventeen, II, Eighteen IS,
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.
.w9, %, Twenty.three, %, Twent.four,
a, Twenty-Five, 25 Twenty.six, 26, for
he sum of Five Hundred Dollars, $780,.
70, each, due on the first day of April,
.922;
Bonds No. Twenty.seven, q, Twenty.
eight, 49, Twenty-Five, 20, Thirty, 30,
ChirtY.one, 81, Thirty.two, 81, for the
'um of Five Hundred Dollars, $4,000,
each, due on the first day of April, 1922;
Bonds No. Thirty.three, SO, Thirty.
our, "a, Thirty.f1ve, IS, Thirty.six, 36,
Fhirty.seyen, 81, and Thirty.eight, SO,
or the sum of Five Hundred Dollars
'50O.O0 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 Forty.four, a, for the
sum of Five Hundred Dollars, $5OO.O0,
each, due on the first day of April, 1925;
Bonds No. Forty.f1ve, As, Forty.six,
Is, Forty.seven, Al, Forty.eight, as,
Forty-nine, 40, and Fifty, so, for the
'um of Five Hundred Dollars, $4,000,
Zach due on the first day of April, 1926;
Bonds No. Fifty.oYla. ri Fiftv.tWn .