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

Sub Drainage District No. 3 Of the
IBERIA & ST. Mary Drainage Dis
trict Of the Parish of st. Mary,
State OF Louisiana.
JEANERHrTE, La, August lTth, 1916
The Board OF Commissioners OF Sub
drainage District No. 8 of the Iberia and
st NARY Drainage District, met this day
at the Office OF the Board pursuant to call.
which all the members acknowledg "a to
have received, with the following mems
bers present: }. &. Akers. President. l..
A. Moresi. A. V. Allan and {. A. Poirson.
Absent: None.
The President stated that the object Of
the meeting was included in the call and
was for the purpose Of acting upon the
question of passing aud adopting resolu-
ton imposing an acreage tax OF Fifty
Cents an acre upon the lands in this sub
drainage district and issuing bonds predi-
Gated thereon III the sum II Twenty four
Thousand S24, 900 00) Dollars. As previous
w decided upon. Mr.. Poirson submitted
the following resolution, which upon be
Ing seconded by MIR. Allan, was unani-
mously adopted, to~wlt:
RESOLUTION.
A resolution authorizing the issuance of
the bonds Of sub Drainage District No.
8 Of the Iberia & st. Mary Drainage DIS
irict. OF the Parish of ST. Mary, state Of
Louisiana, and ievylng a tax to provide
for the payment OF the principal and in
tereSt thereof.
Whereas. at an election held on the
the llth day of April, 1916, duly called and
held in sub Drainage District Number 3
of the iberia & st. Mary Drainage District
Of the fari~h of It Mary. State OF LOuisi-
ana. there was submitted to The qualified
property taxpayers the proposition OF levy
ing au annual contribution or acre; g tax OF
Fifty cents per acre for period OF thirty
seven years. beginning with the year 1916,
and extending 10 and including the year
1852, upon an If the Ian Is in said Sub
Drainage District; and at the same cleo
ton there wa. also submitted to the quail :
lied property taxpayers the proposition of
u,horiZirg the Eoaru of Commissioners
of aid >u3-lir .lnage District to incur in
dehte 1ne>s ana t. Issue negotiable bonds
therefor, amounting in the aggregate
to the sum OF Twenty four Thousand
Dollars. pay able in principal and interest
out of the amount to be raised by said
con rIbutlun or acreage tx during said
peiio'; aad.
Whereas 'ua and timely notice of the
time and in the manner prescribed by law
was given OF said election, and ma ority
IN numbers and amounts Of the property
taxpavers qualified electors under the
Constitution and laws of the State OF
Louisiana, voting at said election. author
lied The Board OF 4 ,mmissioners to levy
said tax oil Fifty cents per acre upon every
acre Of land in said sub Drainage District,
for a period OF thirtv>seven years begin
ming with tho year 1916, and 10 issue
bopds OF said sub Drainage District in
the amount Of Twenty four Thousand
Dollars in anticipation of the collection
Of said taxes: and therefore,
Be it re, oved by the Board Of Commits
siuners of sub Drainage District No. 8 Of
The Iberia s ST. Mary Drainage District OF
the Parish of It. Mary, State of Louis
| ana, in session duly convened, that there
! shall be and Is hereby levied a continuing
annual tax or annual contribution or acre
| age tax upon all of the lands within the
| limits of said Sub-Drainage District in the
sum Of fifty cents per acre for period of
thirty-seven years, beginning with the
,, year 1916 and extending to and including
! the year 1862, so as to raise during said
period Of thirty seven years the sum OF
| Tweuty-four thousand Dollars; and
| said sum Of Twenty -four Thousand Dol,
| lars shall be collected during said period
| of time, and tb- same is hereby approprl.
| a1ed to the uses and purposes as herein.
after set forth.
| section 2. lie it further resolved, thai
there shall be and are hereby ordered t(
bs executed the negotiable bonds Of
| said Sub-Drainage District in the sum Of
| Tw enty-four Thousand Dollars, to be-
| dated the day of the sale, all of which
bonds shall be of the denomination Of One
Hundred Dollars each, and all bearing in
terest at the ia uf five per cent per an
mum payable The first day of June. 1918
and annually thereafter on the first day OF
June in each year, SAID interest to bt
evidenced by inter est notes or coupons at
tached 10 said bonds respectively; ant
said bonds shall be Of the numbers AN
denominations and shall mature as fol
! lows:
l M Denomination Data ~