The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-11-17
ELECTRIC LIGHT BOND

ELECTRIC LIGHT BOND
Know all men by these presents,
That the Town of Welsh, in the State
of Louisiana, acknowledges itself to
be indebted and for value received
hereby promises to pay to bearer the
sum of FIVE HUNDRED DOLLARS
on the lrst day of January, 1917, to-
yether with interest on said sum from
he date hereof until paid at the rate
II five (5) per centum per annum,
.Jayable semi-annually on the first day
! Of January and July in each year in
accordance with and upon presenta-
,ion and surrender of the interest cou-
pons hereto attached as they several
y become due.
Both principal and interest of this
bond are payable at the Mechanics &
Iuetas National Bank in the City of
New York, State of New York, and
both principal and interest payable in
gold coin of the United States of
America Of the present standard of
weight and fineness. And for the
prompt payment of this bond and the
interest as aforesaid at maturity the
full faith and credit of said Town are
hereby irrevocably pledged.
This bond is one of series of thirty
| 1907 bonds of like date, tenor and
amount, except maturity, issued by
said Town for the purpose of purchas-
.ng a new engine for, and charging
and extending the electric light plan
IN said Town, public improvement, IT,
lie to which shall vest in said Town,
under and pursuant to and in full con-
formity with Article 28l of the Con-
sstitution of the State of Louisiana
and of the General Laws of said State,
and is authorized by the vote of the
majority in number and amount of the
property taxpayers qualified as cleo
tors under the Constitution and laws
of the State of Louisiana, voting at
an election duly called and held in
said Town.
And it is hereby certified and recit-
ed that all acts, conditions and things
required to be done by the Constitu-
ton and laws of the State of Louisi-
ana precedent to and in theissuing
of this bond have been properly done,
happened and been performed in regu-
ar and due form and time as required
by law, and that the total indebted
ness of said Town, including this bond
does not exceed any constitutional OF
statutory limitations.
In Testimony Whereof, the said
Town of Welsh, Louisiana, by its
Board of Trustees, has caused its cor.
porate seal to be hereto affixed, and
| this bond to be signed by its Mayor
and attested by its Secretary, and the
coupons hereto annexed to be exc.
cuted by the facsimile signature Of
said officers, this first day of Novem'
Der, 1916,
Attest: VIM. B. GABBERT,
5. E. CARROLL, Mayor
Secretary.
COUPON.
On the first day of January, 1917
the Town of Welsh, State of Louisi'
ana, promises to pay to bearer Twelve
and $4,000 ($12.50) Dollars at the
Mechanics & Metals National Bank II
the City of New York, State of New
York, for interest due that day on its
Electric Light Bond No. /, dated No
vember /, 1916.
II Attest: VIM. Is. GABBEKI,
S. E. CARROLL, Mayor
Secretary 'ts
Sec. s. Be it further resolved
that the proceeds from the sale of salt
bonds shall be devoted to the purpos'
of purchasing a new engine for, ant
charging and extending the Electrl
Light Plat in the Town of Welsh, an'
Q for none other.
Sec. a. Be it further resolved
: that this resolution shall become effec
tive from and after its first publica
ton.
y Jno. W. Armstrong, yea.
3 E. H. Boiling, yea.
, R. R. Arceneaux, yea.
! S. 0. Scoggins, yea.
A. T. Jones, yea.
1 | No,, Tiki