The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-03-04

Jury 10 construct aHn pas TOT TUE GET |
tain bridge work Of the said Parish I
herein provided for That said bonds |
hereby authorized 10 be- issued shall be I
-Four Hundred Dollars. of $4,000 de- /
nomination each and numbered NJ /
aud g3 respectively; shall be dated
The 9Th day of January, A. ID 1916. aud
shall bear interest frem the date oil
delivery hereafter al the rate of Ave
per eeataa, pF aaaum payable annual.
IL on the 9Th day Of January Oh each
pf the years 1917 aud 1918 az follows:
Bond No. NJ for g20e 90 due Jan !, 1917
Bond No. x2 for 100000 due Jan. 3, 1918
Total Authorized Bends ..,s., ssog,eo
Said bonds shall have coupons at.
tached 10 them, evfdeneing the intereai
accraing thereon OH the Sth day oil
January Of the years 1917 and 1918 and
shall be negotiable aud payable at any
| hank In the State of Louisiana or at
The Parish Treasury at st, EraneisYtlle,
| I.pnigiana. ~ shown on the face Of the
bonds and shall be payable both prin'
| ciuai and interest without offset or
| discount at maturity and shall be free
af all legal defects aud defenses after
heir delivery to the Contractor and
| said bonds shall be made payable 10
| Austin Brothers or bearer and shall in
general conform to and contain IN sub.
stanee such reeitals as In certain
| issue Of bonds by the said Police jury
authorized and issued by them on the
sth day Of August, A. D. 1915, In fur
| lherance OF their original bridge cen,
| tract with said Austin Brothers as
provided for by Police Jury Ordinance
| under date OF August 4. A, ID, 1915.
Soc. & Said bonds shall be signed hy
the President Of the Police Jury and
eounterslened by It's Clerk and the
seal Of the Police Jury shall be placed
Ipon the principal of said bonds, and
| said bonds are hereby sold to Austin
Brothers at par value TO pay for the
additional bridge span contemplated Ia
this ordinance aud contract and shall
be delivered 10 said Austin Brothers
upon completion and acceptance OF the
| York specified In the contract
be II further ordained that the Police
Jury have found aud determined as q
| natter of fact aud Law that there Ii a
\
authorized by Article 2s2 of the Consti'
/ tuition, which residue amounts 10 more
han oneguafter of one mill on the
| dollar of said ten-mh tax. and that the
| walls uf said tax, when levied upon
the assessed valuation Of said Parish
as last made and filed to.wit. 1884,
81 $50 or sa5sg3 per annum IL a sur
pius which has been found To exist Ia
conformity To the requirements OF Act
2 of 1909 as amended by Act l2s OF
/ 1910 and that said residue 10 In excess
Of the Parish revenues above statutory
usual and necessary charges and time
contracts az required by said Acts 80
and LIS. Said Parish shall create a
fund out Of which said bonds shall BIZ
aid and the ayaila of the said one.
auarter mill of the Iea-miil pareehial
tax which Ia hereby dedicated for that
purpose and which tax shall be levied
annually for Two consecutive years
i and the proceeds OF said tax shall
create a special fund for the purpose
ioI paving the principal and interest Of
the said bonds, that IL To say, that
said tax shall ba levied In the year
1916 to pay the principal and interest
| failing due In the year 1917 and said
tax shall be levied In the year 1917 TO
uay the principal and interest falling
die Ia the year 1918 The principal
and Interest falling due In any one year
shall he previously buageted from year
10 yenr and aaid anesanarter mill tax
hail be budgeted during each of the
Years 1916 and 1911 rs provided by
laW If for any reason said bonds
herein provided shall be declared by
any court not to be the good and valid
bonds Of the Parish then and In that
ease said bonds shall be declared To
be the lawful certificates OF payment
as provided by Acts 70 and l2s of the
|. | General Assembly OF the State of
Louisiana
/ This ordinance shall be carefully
recorded upon the minutes Of the
Polsce Jury and published az required
by Law and a certified copy of the
| same furnished 10 Austin hrothera,
and this ordinance shall 80 into effect
| from and after It's adoption,
/ Said foregoing ordinance having been
dnly reaa and understood, vas adopted
| and approved by the Police Jury OF the
. said Parish on the first Wednesday and
5th day of January. A. d. 1915
c. r. HOWELL,
Attest President of Police Jury.
e. I. T0OgAEN,
Clerk OF Police Jury.
/ The foregoing ordinance was duly
adopted upon motion made and second