The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-12-15
United States of America
State of Louisiana,
Town of Welsh.
ELECTRIC LIGHT R0Nn

State of Louisiana,
Town of Welsh.
ELECTRIC LIGHT BOND
Know all men by these presents,
That the Town of Welsh, in the State
of Louisiana, acknowledges itself to
be indebted and for value received
hereby promises to pay to bearer the
sum of FIVE HUNDRED DOLLARS
on the lrst day of January, 1917, to-
gether with interest on said sum from
the date hereof until paid at the rate
of five (5) per centum per annum,
payable semi-annually on the first day
of January and July in each year in
accordance with and upon presenta.
ton and surrender of the interest cou-
pons hereto attached as they several
ly become due.
Both principal and interest of this
bond are payable at the Mechanics &
Metas National Bank in the City OF
New York, State of New York, and
both principal and interest payable in
gold coin of the United States OF
America of the present standard OF
weight and fneness. And for the
prompt payment of this bond and the
interest as aforesaid at maturity the
full faith and credit of said Town are
hereby irrevocably pledged.
This bond is one of series of thirty
(30) bonds of like date, tenor anc
amount, except maturity, issued by
said Town for the purpose Of purchas.
ing a new engine for, and enlarging
and extending the electric light plant
in said Town, a public improvement, IT,
tie to which shall vest in said Town
under and pursuant to and in full con.
formity with Article 281 Of the Con
sStitution of the State of Louisiana
and of the General Laws of said State
and is authorized by the vote of the
majority in number and amount of the
property taxpayers qualified as cleo
tors under the Constitution and law!
of the State of Louisiana, voting al
an election duly called and held il
said Town.
And it is hereby certified and recit.
ed that all acts, conditions and things
required to be done by the Constitu
ton and laws of the State of Louisi
ana precedent to and in theissuine
of this bond have been properly done
happened and been performed in regu
lar and due form and time as required
by law, and that the total indebted
ness of said Town, including this bond
does not exceed any constitutional Of
statutory limitations.
In Testimony Whereof, the saiC
Town of Welsh, Louisiana, by it,
Board of Trustees, has caused its cor
porate seal to be hereto affixed, ant
this bond to be signed by its Mayo
and attested by its Secretary, and tn,
coupons hereto annexed to be exc
cuted by the facsimile signature o
said officers, this first day of Novem
Der, 1916.
| Attest: VIM. B. GABBERT,
S. E. CARROLL, Mayo
| Secretary.
COUPON.
| On the first day Of January, 1917
the Town of Welsh, State of Louisi
ana, promises to pay to bearer Twelv
and $1,000 ($12.5O) Dollars at tn
Mechanics & Metals National Bank i
the City of New York, State of Ne,
York, for interest due that day on it
Electric Light Bond No. 1, dated Nc
vember 1, 1916.
! Attest: VIM. B. GABBERT,
S. Z. CARROLL, Mayor
Secretary.
Sec. 8, Be it further resolve
that the proceeds from the sale Of sal
bonds shall be devoted to the pnrpos
Of purchasing a new engine for, an
enlarging and extending the Elecffi