The Natchitoches enterprise., 1916-04-20

Cockerham, Knot, Page, Parker, Tay-
S lor, Russell. Nays: None. Absent
Mr.. Cockfeld. Carried.
The above resolution was sane Toned
by the following incoming Police Jury,
viz: Messrs. Cook, Harper, Hart,
, Hood, Sanders, Salter, Charleville.
Q Absent, Messrs. Hammette, Sanders,
: ; Walker.
= BID MERCHANT & FARMERS BANK.
Natchitoches, La,
April 10th, 1916.
To the President and Members of the
: Police Jury of Natchitoches Parish,
Natchitoches, Louisiana.
Gentlemen
In compliance with your letter of
March 9Th, 1916, relative to bids for
the Fiscal Agency for the next two
years, we beg leave to offer the follow
ing proposition:
If we are selected as your Fiscal
Agent or one of your Fiscal Agents
and you will agree and contract to
budget not less than four and one eight
mills of the regular Parish levy to the
General Fund of the Parish, we agree
to lend you the sun of S33, 100000 or
our proportionate part OF said sum IN
case we are selected jointly with other
banks as your Fiscal Agent, for the
bereit of the General Fund for the
years 1916 and 1917. Said money to be
loaned by cashing by US Parish wal
rants issued by the proper officials OF
the Police Jury against the General
Funds; said warrants to be cashed at
par value, after said warrants are
registered by the Parish Treasurer
against this bank.
For the benefit of the goods roads
and Parish Bridge Funds, we will on
notes properly authorized and executed
we will loan you such sums each year
as NAV be repaid out of the millage
budgeted to these funds provided you
contract to have the Parish Treasurer
and the tax collector deposit with this
bank all or our proportiOnate part Of
such funds belonging to the Parish or
any subdivision or district thereof.
Said notes authorized to V such
loans are to bear 8 per cent interest
per annum.
Further, you shall contract to pay
8 per cent interest per annum on all
warrants cashed by US and carried
| as an overdraft against you, which
interest shall be calculated on your
daily o~verdraft.
Provided all public funds, regular,
general and special. of the Parish or
any subdivision or special district
thereof, are kept at all times in the
hands Of the Parish Treasurer and
deposited by him with the Fiscal Agent
or Agents, we will agree to pay you
interest at the rate l per cent per
annum on your daily balances to the
credit Of the Parish Treasurer in this
bank. Unless you agree to handle
all funds as above provided, we do not
agree to allow any interest on your
daily balances.
The necessary bonds required by law
will, in the event that We are chosen
as your Fiscal Agent or one of your
Fiscal Agents, will be furnished.
Respectfully submitted,
MERCHANTS q FARMERS BANK,
(Signed) Sam Aaron, President.
BID, The PEOPLES BANK.
Natchitoches, La,
April 10th, 1916.
To the Police Jury,
Parish of Natchitoches, La.
Gentlemen
In compliance with your advertise
ment of March 9Th, 1916 asking for
bids for the Fiscal Agency of the
Parish of Natchitoches for a period of
two years from this date, we beg to
submit the following proposition:
If we are selected as your Fiscal
Agent or one of your Fiscal Agents,
and you will nov contract and agree to
budget and does budget not less than
four and one eight mills of the regular
Parish levy to lend or advance the
n--..L II - n ~ONDrEfn,ot 70 a II, ~
the sum of $50, 600. 90 for the benefit of
the said General Fund for the year 1916
and a like amount tor the year 1917,
through the cashing or purchase by US
of all the Parish warrants issued by the
officials of the Police Jury against the
General Fund, at par, after the said
warrants have been registered against
US by the said Parish Treasurer. The
total of said warrants, so cashed or
purchased by us, not to exceed $33,
O00.0 90 or u proportionate part of that
amount, unless at the request of the
officials of the Police Jury, we shall at
our own option see fit to increase this
limit.
We will further agree to lend the
Police Jury, on notes properly au-
thorized and executed, for the use and
benefit of the Parish Good Roads Fund
and the Parish Bridge Fund, such sums
each year as can be paid out of the
millage budgeted to these two funds,
after allowing a reasonable margin to
cover interest, etc.
Provided that the Police Jury will
contract to have the Parish Treasurer
and the collectors of Parish Funds, to
deposit all or proportionate part of
such sums as they may handle belong
ing to the Parish of N~atchitoches, or
any subdivision thereof, in this bank,
and will agree to authorize the issuance
of notes bearing s per cent per annum
interest for the amounts loaned for the
benefit of the Parish Good Roads Fund
and the Parish Bridge Fund and does
contract and agree that we shall be
paid interest at the rate of 8 per cent
per annum on daily balances on all
registered warrants against the Gen
eral Fund of the Parish of Natchito-
ches paid by us from the date that We
actually pay such warrants until such
date as they may be redeemed and paid
by the Parish Treasurer.
Provided further, that if all public
funds, regular, general and special OF
the Parish, or any subdivision thereof
or District therein, are kept at ali
times in the hands of your bonded
Parish Treasurer and deposited by him
in your bonded Fiscal Agency bank we
viii in that event contract to pay III
terest at the rate of one per cent per
annum on daily balances. Otherwise
we do not agree to allow any interest
on such balances.
Bonds to be furnished by us as Fiscal
Agents, according to law.
Respectfully submitted,
The PEOPLES BANK
Of Natchitoches, La.
By (Signed) S. H. Hill, President