The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1916-07-15

hibited from paying any similar
claims for pupils attending or
that may attend a summer school.
On motion of M. E. Jackson,
seconded by N. S. Roberts. the
following ordinance was unani-
mously adopted:
1 Be it ordained by the Board of
School Directors of the parish of
Grant, Louisiana, in lawful and
regular session assembled, a ma
jority thereof constituting a quo
rum being present, That,
Section Whereas an cleo
ton has been duly called and
held in Montgomery School Dis
trict No. q, for the purpose of
Issuing bonds of the said Mont
gomery School District No. 81, in
the parish of Grant, Louisiana,
to the amount of ten thousand
| ($10. 000) dollars, for the purpose
of building and equipping a school
building at Montgomery. Louisi-
ana. and purchasing a site, if
necessary, in the said Montgom-
cry School District No. 81. and,
Whereas, at said election ma
jority of the votes both in num-
Der and amount cast by the prop
erty taxpayers of the said Mont
gomery School District No. q,
voted in favor of said issue of
bonds, and,
Whereas, it is now DESTROYS,
pursuant to the will of the voters
as expressed at said election to
issue said bonds, therefore
Be it ordained, That bonds be
issued in the sum of ten thousand
($10, 000) dollars maturing to the
amount of five hundred $500. O0)
dollars on the first days of Febru-
airy, 1917, 1918, 1919, 1920, 1921,
1922. 1923 and 1924; and seven
hundred fifty ($750.OO) dollars
on the first days of February,
1926, 1926, 1927, 1928, 1929, 1880,
1881 and 1892, bearing interest
at the rate of five (5%) per cent
per annum, payable annually,
said bonds to be in substantially
the following form:
UNITED STATES OF AMERICA
STATE OF LOUISIANA
Parish of Grant
MONTGOMERY SCHOOL DISTRICT
NO. 81
FIVE PER CENT SCHOOL BONDS
No. s.
Know all men by these pres
ents, That the Board of School
Directors of the Public Schools of
the Parish of Grant, Louisiana,
acknowledges itself to owe and
for value received hereby prom
ises to pay to bearer upon the
first day of February, 49,, the.
sum of
FIVE HUNDRED DOLLARS
in lawful money of the United
States of America, with interest
at the rate of five (596) per cent,
payable annually upon the first
days of February of each year,
until the payment of the princi-
pal hereof, upon presentation and
surrender of the proper coupons
thereof hereto attached. Both
principal and interest hereof are
payable at National Park Bank,
New York City, New York.
This bond is one of a series of
forty bonds of like denomination,
tenor and effect, except as to ma
turity, numbered consecutively
from one to forty, both inclusive,
aggregating ten thousand dollars
($10, 000) in amount, and is issued
under authority of the general
laws of the State of Louisiana,
and by virtue of an ordinance No.
| 8 of March l, 1916, of the Board
of School Directors of the Public
Schools of the Parish of Grant,
Louisiana, ratified by majority
in number and amount of the
property taxpayers of said Mont
gomery School District No. q at
an election duly and legally called
and held on the 18th day Of April,
1916.
1t is hereby certified and re-
cited that all acts, conditions and
things required by law to be
done. precedent to be in issuance
hereof. in order IN make this bond