The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1916-02-26

Four Hundred Dollars. of $4,000 de,
Nomination each and numbered N
land x2 respectively, shall he dated
1.-The 5th day OF January, A. u. 1916, and
tshall bear interest from the date oil
EaeisYery hereafter AT the rate OF flve
per eentum pr anaim, payable annual,
~ on the 9Th day OF January on each
OF the years 1917 and 1918 as follows
Bond No, xl for $500 90 due Jan |. 1872
bond No X2 for $500 90 due Jan 5. 1918
Total Authorized Bends -, $500 90
Said bonds shall have coupons al.
tached 10 them, eviaeRctng the interest
scefaing thereon ON the 9Th day OF
January OF the years 1917 and 1918 and
shall be negotiable and payable at any
bank In the State OF Louisiana or al
the Parish Treasury nj ST Francisyille.
Louisiana. as shown on the face Of the
bends and shall be payable both prih.
| etpal and interest without Offset or
| discount at maturity and shall be- free
ef all legal defects and defenses after
heir delivery to the Contractor and
said bonds shall be made payable TO
4 y
general conform Ia and contain In sub,
stance such reeiiaIs a. In q certain
issue OF bonds by the said Police Jury
authorized and issued by them on the
9Th day Of August, A. D. 1915, In fur.
theranee of their original bridge con.
tract With said Austin Brothers as
provided for By Police Jury Ordinance
| under date of August 1, A, ID. 1915.
| See. g. Said bonds shall be signed by
the President Of the Police Jury and
conntersigned by Its Clerk and the
seal of the Police Jury shall be placed
apon the principal Of said bonds, and
said bonds are hereby seid to Austin
flroihers at par value TO pay for the
| additional bridge span contemplated In
this ordinance and contract and shall
| be delivered to said Austin Brothers
apon completion aud acceptance OF the
work specified In the contract
| Be II further ordained that the Police
Jury have found and determined as u
| matter of fact and law that there is a
| residue Of the ten.mlli paruehial tas
| authorized by Article 232 of the Censsl
tuition. which residue amounts To- more
| than olieaaarser of one mill on the
| dollar OF said tan.mlll tax. and that the
ayails Of said tax, when levied upon
| the assessed valuation OF said Parish
as last made and tlled te-wit; si.sa4..
s3l 90 or s45ssa per annunl is a sur,
plus which has been found to exist In
conformity To the requirements OF Act
~ of 1902 AZ amended by Act LIS of
1910 and that said residue Is In excess
Of the Parish revenues above statutory,
usual and necessary charges and time
CONTRACTS as repaired by said Acts 81
and i2s. Said Parish shall create
fund out OF which said bonds shall be
paid and the ayalls OF the gaId one
quarter mill OF the ten-mili paroehial
tax which liz hereby dedicated for that
purpose and which tax shall be levied
annually for two consecutive years
and the proceeds OF said tax shall
create special fund for the purpose
Of paying The principal aud interest OF
the said bonds, that Ii to say, that
said tax shall be- levied In the year
1916 TO pay the principal and interest
falling due In the year 1917 and said
lax shall be levied In the year 1917 TO
pay the principal and interest falling
due In the year 1918. The principal
and interest falling due Ia any one year
shall be previously bndgetad from year
10 year and said one~luarter mill tax
shall be budgeied during each Of the
years 1915 and 1917 a. provided by
law, II for any reason said bonds
herein provided shall be declared by
any court not 10 be The good and valid
bonds Of the Parish then and In that
case said bonds shall be declared TO
be The lawful certificates OF payment
as provided by Acts s2 and l2s of the
General Assembly OF the State Of
Louisiana
This ordinance shall be carefully
recorded upon the minutes Of the
Police Jury and published az required
by law and certified copy OF the
same furnished to Austin Brothers.
and this ordinance shall no into effect
from and after Its adoption.
Said foregoing ordinance having been
duly read and understood, was adopted
and approved by the Police Jury of the |
said Parish on the frat Wednesday and
9Th day of January, A. d. 1915.
G. r. HOWELL,
Attest, President of Police Jury |
G. r, TooRAEN.
Clerk OF Police Jury.
The foregoing ordinance was duly |
adopted upon motion made and second. |
ed and vote taken by yeas and nays on
roll call Those voting for and In favor |
OF said ordinance we're Jnrymen G.
Howell, g. G. Cobb. w. II. Richardson.
l.. p. Wright, j g. Ciaek. A. n. Bras.
seaax, r. Fl. Row. N. II. Barrow. Ike
Gntrer, s. l.. Lasergae, II. G. Kaufman
Those voting against said ordinance
we're None
Absent or not voting. None. i
The foregoing ordinance having been
duly passed and approved by the Police
Jury, therefore In order to evidence
the due passage OF the same we. the
members Of the Police
jury have hereunto act our hands on
this the day OF January, A. u, 1916 Il
c, = HOWELL Juryman and pregi. Il
dent. 9TH Ward. Il
I, C. COBB, Jnryman from End Ward /,
w. II. RICHARDSON, Iasyman from
Ord Ward
T. II ROW, Jursman from 7th Ward
l.. p, WRIGHT. Jaryman. 5th Ward
{IAEk 1upY,nan Frata 9Th Waps