The St. Mary banner., 1916-07-29

'
| Drainage Commissioners of the North Benz
| Drainage District. does hereby order ant
authorize the issuance Of Two hundred ant
| fourteen negotiable bonds of numbers a,
maturitieS is follows: Bonds numbere,
| from | TO l34. inclusive of the denomina
tlons of 500 90 each and bonds numbered
| from 4. ! to A. 50, inclusive Of the demon
| nations Of $4,000 each to run for "a periot
of from five ) to forty 40 years from theiI
date. and to bear interest at the rate of ,
| per cent per annum, PAYABLE semi annual
| ly on the l>t day OF January AMI the Is
| day of July OF each AMI every year, salG
| interest evidenced by coupons attached tt
said bonds showing the amount If lnteres,
due on each bond until its IN tturity.
| The form of the bond shall be sub>tan
italy as follows:
e.......... S........
UNITED STATES OF AMERICA,
PARISH OF ST. MARY.
State Emblem.
Number.
| Bond of Sub Drainage District No. of the
North eud Drainage District
Know all men by these presents: Tha,
Sub Drainage District No. of The North
Bend Drainage District of the Parish OF
St. Mary, State of Louisiana. a political
subdivision OF the State of Louisiana
domlcied in the Parish of st. Mary state
of Louisiana, for value received. hereby
promises to ply TO bearer on the first day
| of July, 49,.
! .............. .....................D Dollars
lawful money Of the United States OF
America, with interest at the rate of five
per centum > per cent. per .nnum, from
the first day of July, 1916, payable sem>
annually on the first day of January. and
the first day OF July of each and every
year, upon the presentation and surrender
of the coupons hereto attached As the same
shall mature; the said principal! and in
tere>t of said bonds being payable at
hitney-Central Trust Il Savings Bank
New Orleans. Louisiana.
This bond is one of Il series of Two Hun.
Dire Fourteen bonds Of numbers and de
| nominations rs follows: Bonds numbered
One Il to One Hundred Thirty four l34 J
inclusive. of Five Hundred Dollars 5000
each, and bonds numbered AL to A>SJ.
inclusive, Of One Hundred Dollars 5000
each. Issued by >ubdrainage District No
OF the North end Drainage District of the
Parish 6f st. Mary State of louisiana IN
accord lnce with the provisions of the
Constitution and laws of the State of
Louisiana.
The debt represented by said Two Hun
dred Fourteen bonds issued by Subdrain-
age District No. l Of the North Bend
Drainage District Of the Parish of st.
Mary, represents the cost estimated by
reclaim the lands situated in >ubdrainase
District No. OF the North end Drainage
District, composed of the lauds in said
Suodrainage District which it is necessary
to levee and pump in order to drain and
reclaim.
The said debt representa- by said bond,
was incurred, and the said bonds were Is
sued under the authority conferred bv
the Constitution and laws of the State Of
LOUISIANA and the petition Of the land
owners representing more than two-thirds
in acres Of the lands embraced in ,?ld
Subdrairage District, petitioning that an
acreage tax or forced contribution be
levied to pay the principal and interest of
said bonds.
1t is hereby certified and warranted that
all acts, conditions and things required
by the Constitution and laws of the state
OF Louisiana, precedent to and necessary
IN the issuance of thi, bond, have beer
regularly done and performed.
1t is further certified thai the total debt
OF SAID Subdrainage District No. of the
North Bend Drainage District of the Par.
lsh of st. Mary, does not exceed any con.
stltutlonal or statutory limitation.
In testimony hereof the Board of
Commissioners Of the North Bend Drain
age District, acting As the governing au-
thorlty OF Subdrainage District No | of
the North Bend Drainage District of the
al isH Va 81 MaIN, has caused the sad
PA bonds to be issued ana signed for and
on behalf OF said Subdrainage District No.
of the North Bend Drainage District.
and the corporate seal of said District af.
hXed by its President and Secretary on
behalf o. said Subdranage District 40.
of the North Bend Drainage District, as
of date the 1st day Of July. 1916.
SUBDRAINAGE DISTRICT No. OF TIE
NORTH BEND DRAINAGE DISTRICT,
By........ NEUTRALITY-SUSPICIOUS..
President OF the Board of COMMISSIONS rs
of the North Bend Drainage District.
secretary of the Board of Commissioners
of the North end Drainage District.
INTEREST COUPON.
On the Ist day 10 Subdraiu
age District No. OF the North Bend Drain
age District Of the Parish of St. Mary, Loui>i. |
lana Will pay to the bearer ..... ...
-, Dollers Is -....-..) at the " htncy-
Central Trust 4 Savings Bank, New Orleans |
Louisiana. being the semi annual interest due
III its bond No.. |
President of the Board of Commissioners of the |
North Bend Drainage District.
Secretary.
Each bond shall be signed by the President
ma Secretary of the North Bend Drainage
district. and said officers are hereby required
o nave printed ar engraved on the reverse of
aid bonds the following certificate:
Inls bond secured by tax. Registered On
his the. ... day of ....l9 ]
nlch said certificate, after the delays pro. |
ided by law have expired. and in accordance
With Section 81 of Act No. 80 OF the General