The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1915-09-24
Ordinance No. 8.
SUB DISTRICT "a" OF GRAND MARAIS
DRAINAGE DISTRICT NO. OF JET
PERSON DAVIS PARISH, LOUISIANA,


AN ORDINANCE authorizing the issuance
of bonds. prescribing their form and ord.
ering the execution OF interest coupon
bonds Of Sub-draina2e District "A" OF
Grand Marais Drainage District No. l OF
the Parish Of Jefferson Davis, Stat OF
Louisiana; and authorizing the leyying
and collection annually for perOid 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 Sub-District "a
Of Grand Marais Orange District No / duly
executed by the owners Of more than two
thirds of the acreage comprised within the
confines of Sub Drainage District "A, based
upon report Of the Board . State Engine
erS, made upon a survey OF lines and leyies
of said district, which report declared that it
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 Bard to create a bonded
Indebtedness Of Ninety-hye 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. >, authOring
the incurring of an Indebtedness of $4,000
coupon said Sub-dralnage DlStrict" \" for the
purpose of leveelng, pumping, draining and
retaining the lands embraced within said
nb-irainage District ~. and authorizing
the issuance of bonds representing said in
debtedness. said bonds maturing st intervals
from 1916 to to 1915, both inclusive, from the
date of issuance, and bearing interest at the
rate Of five per cent, per Bnnum, payable
sem,-annually.
Sec. l. Be it ordained by the Board Of Com.
missioners of Sub-dralnage District "A" of
Gaand Maras Drainage District No. l of JEFF
ferson Davis Parish, Louisiana, in session du-
~ 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, i'll denominations
Of Five Hundred $500 Dollars and One
Hundred Dollars (100l, 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
evying of an acreage tax, or forced c0ntribu-
ton, for all amount per acre sufficient to pay
the interest on the bonded indebtedness Of
said District, the bonds rs the same mature
from year to year, and the cost Of maintaining
the drainage, each and every year,
SEQ 9 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 a.. in the sum of
Ninety five Thousand 1895; O00.OOO) 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 al the rate of five per cent per
annnm, payable semi-annually. thereafter on
the first days of January and July in each
year, said interest to be evidenced by interest
notes or coupons attracted to said bonds re-
spectively, which bonds shall mature as follow: