The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-12-02
Expenses and Debts 10 be paid


adopted fof the Town az the meeting II
the Mayor ami ilaBrti of Aldermen 81 said
Town nn the 18th day gt September, 1915,
and published for thirty DAYS Ia the official
journal uf said Town. VAS ordered spread
upon the minutes
And after submitting said budget for
inspection aud consideration. to. BOARD
proceeded to determine the exact surplus
aNatlahip frem the ten mill tax. for the
purpose ot contemplated improvements III
buldiaE and suiarglhg lpNres tn lower
at FraHeiRytlle Including the right ~
way fer said isSsUs and for fumes, re
dugiug Said surplus 90 mills or fractions
thereof and Ia determine hpW many mills
or fractions thereof viii be required 30
prov lte fsr the current eApenFes az based
on the last assessment roll flied and on
motion uf jar VI ktbuuFue, seconded by
George bpttg, Il was unanimously deter
mined, all the members of the BOARD Of
Aldermen beHa present tHt voting ln the
Affirmative, that
First Three and uue-F iSth q lJ6j mills
viii ie required 90 provide tnf thc current
annual expenses of the Town IT ~ Fran
risA 10 AS based un the last assessment
rull tilted aHd after consideration Of al
other available sources VI revenue pro
i31p.i faI ia Tie budget that
SfUoud Tire exact surplus available
from the ten min annual tax tur the
piipnsF - the aforesaid fWpu#N enaFHtH
y
When. the iuaTa having determined the
a4ailfhIe surplus from tia ten bill tax
which mas De- usrd tug the contemplated
tfAry tfHpruS rmvnt@. the following orti
seconded los Max Mann. uH the unanimous
yete ot the Board ~ Aldermen ail btiHr
present AMI voting iH the Affirmative, dHi'
adopted
An ORDINANCE.
section I BE II ordained hy the Mayor
and iiuaid 81 Aldermen OF the Town Of
81 franelsyiile Louisiana, That an avail
abp surplus of six and Five s2ths % 80
mills from the ten mill annual tax whtrh
the Town is authorized 90 levy GA an
assessment af I've Hundred and Twenty
two Thousand Dollars, having been found
and determined AZ the meeting II the
Hoard i'd open session, which may he used
FOR contemplated Improvements, the Town
~ - FrHncisyille, Louisiana, viii issue
bonds IN the sum uf six Thousand Dollars
ST. 200 0h) as hereinafter provided, for the
purpose - constructing, completing and
eRlafgiag leyees Ia lower -, traaeisyiir,
as we'll ~ acquiring rights II way for said
purpose and providing the necessary
FUMES therein Ipr drainage, all 10 he the
property az stld Town
Section He Il further ordained, etc,
That "a bond Issue IL hefeby authorized IN
said amount al SIX Thousand bollars for
the purposes aforesaid, and -Four snd t1ne-
fourth IA I'D mills bf the surplus II the
awaits of The ten mIll tax found and de
termluea as aforesaid. for The years 1917,
isis 1919. igaa 1921, 1872. 1898 1875 aud
Ig2a are hereby levied aud ifreyocahy
uletlaea and Dedicated tn the payment ef
the bonds thus authorized, aud 10 be
Rxued as herein provided
Section 8 i.e u further ordained. etc,
That the bonds 10 he issued under and by
virtue II this ordinance shall be serial
negotiable interest bearing honda, maturs
n Ff4ff t
ratio until completely paid and shall bear
five per csntun pet uhhum Interest, pas
able annually, aud Isl denominations as
follows To SIT