The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-09-17
Ordinance No. 8.
"a" OF GRAND MARAIS
DRAINAGE DISTRICT NO. ! OF JET
FERSON DAVIS PARISH, LOUISIANA,

AN ORDINANCE authorizing. the issuance
of bonds, prescribing their form and ord
eriuq the execution of interest coupon
bonds of Sub-drainage District "a" Of
Grand Marais Drainage District No. of
the Parish of Jefferson Davis, Stat Of
Louisiana; and authorizing the levying
and collection annually for perOld OF
thirty years an acreage tax, or forced con-
tribution, for the purpose OF paying said
bonds and the interest thereon which MA
ture from year to year.
Whereas, a petition has been presented to the
Board of Commissioners OF SnD-DlStrlCt A.
Of Grand Msrais Orange District Mol duly
eyecnted by the owners OF more than two
thirds of the acreage comprised within the
confines of Sub Drainage District "a, based
upon a report of the Board Of State Engine
ers, made upon survey Of lines and levleS
of said district, which report declared that 1t
is feasible to thoroughly drain and reclaim
the lands within the boundaries OF said Sub
drainage District "a" of $500 acres at a cost
Of not to exceed $1,000 per acre. which petit
ton requests this Board TO create bonded
Indebtedness Of Ninety-hve Thousand Dollars
on said Sub-drainage District "a, and
Whereas, acting upon the authority of said
petition, this Roard did ON March Bird, 1915.
pass and adopt Ordinance No. 2, authOrlng
The in urring Of an Indebtedness of $4,000
90 upon said Sub drainage District AZ for the
purpose of leveelng, pumping, draining and
retaining the lands embraced within said
Sub-drainage District IA. and authorizing
the issuance of bonds representing said in
debtedness, said bonds maturing at intervals
from 1916 to, to 1915, both inclusive, from the
date of issuance, and bearing interest at the
rate of five per cent, per annum, payable
sem, annually.
Sec. l. Be it ordained by the Board Of Com.
missiouers of Sub-dranage District "A" of
Gaand Marais Drainage District No. of JET
fersou Davis Parish, Louisiana, III session uu-
ly convened, that they do hereby authorize
the issuance by the President and Secretary
OF this District, under the seal thereof. Of Two
Hundred Forty Two Bonds, in denominations
of Five Hundred $500 Dollars and One
Hundred Dollars 400, said bonds bearing
interest at the rate of five per cent, per an
mum. payable, semi-annually, on the first day
of January and July OF each year; and.the
levying of an acreage tax, or forced COntribu-
ton, for an amount per acre sufficient to pay
the interest on the bonded Indebtedness Of
said District, the bonds as the same mature
from year to year, and the cost OF maintaining
the drainage, each and every year,
Sec =. Be it further ordained etc., that
there shall be and is hereby ordered to be exc
cuted the negotiable coupon bonds of said
Sub-drainage District IA" in the sum of
Ninety-tiye Thousand (S95000.000) Dollars.
dated the first day Of July, 1915, of the de-
nomination Of Five Hundred and One
Hundred Dollars, numbered from One to Two
Hundred Forty Two, both inclusive, and bear
ing interest at the rate of five per cent, per
annum, payable semi-annually, thereafter on
the first days of January and July in each
year, said interest to be evidenced by interest
spectiyely, which bonds shall mature as follow: