The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1915-09-18
AN ORDINANCE

Whereas, the police jury of the par
ish of Grant, State of Louisiana, did on
June z. 1915, order 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
thousand dollars 1913, 000), and said
election was favorable 10 the issuance
81 said bonds. and the police jury met
in July IA, 1915, and promulgated the
returns vi said erection; therefore.
BE il ordained by the poiice jury OF
me parish of Grant, State OF louisiana,
That the president vi the police jury oil
the parish of Grant be and he is hereby
authorized and directed ~ execute anu
deliver TO the purchaser thereof bonds
of the parish of Grant, State of Louisi-
ana, on behalf OF ROAD district number
one, payable u bearer IN the aggregate
sum OF thirteen Thousand 1913, UOO) dbl
lars, all in the denomination of five nun
bred dollars i$50O) and designated as
tve per cent 90 good roads bonds
and numbered IRON one to twenJy-sIx,
inclusive, all dated September /, 1915,
ana maturing serialiy, as follows:
Numbers | to 8. inclusive. on May l,
1916.
Numbers to 10, inclusive, on May l,
1917.
Numbers IL to Is, inclusive, on May
|, 1918.
NUMBERS l6 to 20, inclusive. on May
1, 1919.
Numbers 81 to 26, inclusive, on May
l., 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 Gran;
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
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 Nav
l, 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
and of the interest coupons.
This bond is one of a series of twenty
six bonds of like date, tenor and effect,
excepting as to maturity, issued by the
police jury of the parish of Grant, State
of Louisiana. on behalf of road district
number one of said parish, for the pur-
pose of road construction and improve
ment within the confines of said district,
under and in full compliance with the
constitution and laws of the State of
Louisiana and especially article 2Sl of
the constitution and act 256 of 1910 and
act 21S of 1912, and an ordinance duly
and regularly adopted by the police jury
of said parish on the 30th day of Au-
gust, 1915, and on behalf of said road
district said parish is hereby held and
firmly bound and the full faith and