The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1916-09-30

Section 3. Be it further resolved that
said bonds. except AS to number, denomi-
nation aud date of maturity. shall be Of
substantially the following form:
UNITED STATES OF AMERICA,
state of LOUISIANA,
Parish of It Magy.
Sub Drainage ID. strict No. 3 II Iberia Il st.
Mary Drainage Dist riot, OF the
Parish Of st. Mary,
No........ LOU iHua $........
Pubic improvement Bond.
Know all men by these presents. that
the Suh-prainage District No 5, OF iberia
& st. Mary Drainage District Of the Parish
of st. Mary, State of Louisiana, ack aowl-
edges itself to and for value re-
ceived hereby promises To pay the bearer
the sum of........ ......on the
first day of jane. l3...., with interest
thereon from the date hereof until ptil,
at the rate OF five per cent per annlm
from date, PAYABLE Jane i-t. 1918. an an
nually thereafter, on the first lay If June
in each year upon presentation aud SUE
render of the annexed interest coupons as
| they severaIly become due. The principal
| and interest hereof are ptyarie IN lawful
money Of the United states Of A;lerica, 1t
the place to be hereafter designated by
| the president.
| This bond is one of "A series OF bonds
! OF like tenor, except AS to denomtna-
ton, number aud date Of maturity, az
| gregatlug Twenty four Thousand Doll
| lars. issued under the authority OF Article
| Isl OF the Constitution Of the State Of Louls-
| lana, and IN accordance with the provisions
OF Act 256 and Act 3S Of the General As
| sembly of Louisiana for the year 1910, aud
as amended by Act 2l9 Of 1912 and Act Ut
! OF 1914; and has been authorized by the
| property tax payers OF said Sub-Di anage
| District qualified as electors a. an election
.l,,l,- H., IL
| This bond IL secured in principal aid in.
| terest by the annual contribution or acre.
| age tax OF nifty cents per acre on every acre
| OF land compri-ei within said sub Drain
age District and subject to taxation. And
| it is hereby certified and recited that all
| acts, conditions and Things necessary to be
| done prece lent to aud In the is>u ,nce Of
this bond and the other bond. OF THIS
series. in order t. make then legal binl-
ing and valid oiisailon> of the said Sub
| Drainage District, have been done and per-
formed AS required by law, and that the
Tot Il Indebtedness OF said Sub, Drainey.
| District including this issue Of bonds, doe,
not exceed the Constitutional and statu-
| tory limitations Of inda eduess, and The
tax necessary to pay the same has been
| duly voted aud pledged and does not ey.
coed the Constitutional or statutory limi-
tation. :
In witness whereof the Board Of Com
| ~ >
Of Iberia & st. Mary Drainage District OF
he Parish OF st. Mary, State OF Louisiana,
by virtue OF the authority vested in them
| 10y the Constitution and laws OF the State
of Louisiana, has caused these bonds to be
signed by its President, countersigned by
it, Secretary and sealed with its corporate
seal, and has caused tn annexed interest
coupons to be executed by the lithogrtph-
ed signatures OF said President an Setre-
Iary this day OF ............ 49,.
&c. AKEKs,
President of Board of Commissioners Of
| Sub Drainage District No. Of the Iberia
& st. Mary Drainage District Of the Par
ish of St. Mary, State of Louisiana.
Countersigned:
l.. K. MOkKsl,
Secretary.
| COUPONs.
On the first day Of Jane, b., Sub
Drainage District No Of the iberia 4 St.
Mary Drainage District OF the Parish Of
st. Mary, State Of Louisiana, promises to
pay to bearer S..........
being interest due that day on its public
improvement bond, dated the first day Of
................ 1916, No........
&c. AKERs,
Il President.
l.. X. MOaEsI,
Secretary.
Said bonds shall be registered by the
Secretary of state Of the State Of LOuisi-
ana. shall have en- lorsed thereon the words !:
state or Louisiana, &C
| Office of Secretary Of state.
This boni securedby a tax. Registered
ths............day of........ 1916.
Section 4. Be it further resolved tn 1T
there shall b.: and hereby is levied the sum
of fifty cents per acre upon each aud every
acre OF land within said Sub Drainage
District for period Of thirty-se years,
beginning with the year 1915 aud extend :
ing to and including the year 1852. The
, entire proceeds of said tax so fir as the
} SINE are necessary, are hereby irrevo-
} cably pledged 10 the payment Of the bonds
hereby authorized.
Section ). Be it further resolved tn at
) Sub Drainage District No. 3 OF the Iberia
Il st. Mary Drainage District, shall and
, does hereby covenant with each and every
, holder of said bonds or any OF them. that
. out of the procee Is Of taxes collected
, there shall be set apart a sum sufficient to
paw and discharge the principal and in :
/, tet est Of said bonds when the same sh all
! become due aud payable in accordance
with the provisions Of the resolutions and
8 ordinances adopted by this Board Of
Drainage Commissioners.
b this resolution shall be in full force and
feet from and after its passage and pubs
lication, and that said acreag tax Of fifty
cents per acre be and the same is hereby
3 levied for the period Of thirty seven years
. as herein provided for.
j. C. AKERS,
nj President.
l.. r. MoREsI,
Tor