St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-04-10
Witnesses
=. A. H. GOODING,
DAVE EVANS,
-a CHARLES SHARP.
ANY 0DnIN NCE

49, AN ORDINANCE ~
Providing for the issuance an dsalt
of School Bonds Of School Distric
No. S of the Parish of st. Tam
many, Louisiana, to the amount o.
sTifty-FIve Hundred ($55OO.OO)
Dollars.
whereas, at a special election duly
.And regularly held in School District
No. 5, of the parish of st. Tammany
Louisiana, on the second day OF
April, 1915, in conformity to reso'
lation of this Board ordering said
election, there was submitted 20 the
vote of the property taxpayers en-
titled to vote in said School District
No. S, q proposition to incur debt
and issue bonds to the amount OF
Flty-Five ($5500) Hundred Dollars
to. run not longer than five years
from date and to bear interest not
exceeding five per cent per annum,
payable semi-annually, for the pur-
pose Of constructing and furnishing
public school buildings Within said
School District No. S. title to which
shall vest in the public; and.
Whereas, the ~incuring OF said DEBT
8 kW8U0uC0
said purpose was duly authorized by
the vote of q majority in both num-
her and amount Of yoteA cast e: said
election; and,
Whereas, said debt has not been
incurred or said bonds issued,
Section /. Be 1t resolved by The
Parish Board of st. Tammany, La,
That the president and secretary of
this board be and they are hereby
authorized and directed to have pre-
pared and to execute in the name
Of the Parish Board of School Di-
j rectors of the Parish Of st. Tammany,
4 Louisiana, for and on behalf of
School District No. S, Of said Parish
OF st. Tammany, La, eleven (11)
negotiable bonds numbered from one
to eleven, both numbers inclusive.
and In denomination of five hundred
(@5OO) dollars each, bearing date of
June /, 1915, and being due and pay
able as follows, to-wit:
No. l. aggresating $500. on June
u 1916.
Nos 2 to 4. both inclusive, aggre-
gnting $500, on June /, 1917.
mos. and s, aggregating $1,000,
al June /, 1918.
Nos. 2, 8, and 3, aggregating
$500, on June /, 1919. IS
Nos. 10 and II, aggregating $1,000,
on June /, 1920.
All Of said bonds to bear interest
ut the rate of five per cent per an
mum payable semi-annually ON the
first days Of June and December of
each and every year until the pay
ment of the principal sum thereoe,
both principal and interest to be pay
able at the office of the Covington
Bank & Trust Company, in the town
Of ,Covington, Louisiana. and said
bonds shall be known as School Dis
trfct No. 5 Bonds.
The interest ON said bonds shall he
evidenced by proper coupons attach
Cd to each bond and both principal
and interest Of said bonds shall be
due and payable in gold coin of the
United States Of the present standard
Of weight and fineness. Said bonds
shall be signed by the president of
said board and attested by the secre-
tary Of this board, but said interest
coupons may be executed by facsimile
signatures of said president and Sec
rotary.
. Section 2. Be it further resolved,
ETC.. That all of said bonds and all
OF said interest coupons attached
thereto shall be in substantially the
following forms, respectively:
UNITED STATES OF. AMERICA,
STATE OF LOUISIANA, |
PARISH OF ST.
TAMMANY.
No. 49, $500.
School District No. Bonds of the |