St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-04-15
Of Covinston;end.

- -
Of Covinston;.lnd.
! Whereas, tns81e eeonf said indebt
edness desif1ated In the toseeodnl
proportion shall b anthoriaod b,
the taxpayers to be incurred IN,
bonds shall be issued therefor. tn
total amount Of the Indebtedness o
said town (including said bonds
shall be within the constitutions
limit Of ten per centum on the as
sessed valuation Of the property .
said town. and the special tex to b.
annually levied to pay the install
ments Of interest and principal o
said honda ~ they respectively fal
due with all other special taxe'
levied and to be levied for othel
lawful purposes will be within tn.
limit prescribed by the constitution
of ten mills on the dollar Of the as
eessed valuation OF the property
within such town prescribed by thu
constitution;
Now, therefore, be it ordained BY
|4he Mayor and Board Of Aldermen
Of the Town Of Covington, In regula,
session convened:
Section 1. That the town Of Gov.
ington incur a debt Of Sixty Thous.
and ($60.000) Dollars to be used
for the exclusive purpose OF con
structing. erecting and equipping 9
waterworks system in the town
Covington. Louisiana, for supplying
the Inhabitants Of said town OF Gov
ington, Louisiana, with water, the
title to such system shall be vested
in the said town Of Covington;
Be 1t further ordained, ETC.,
Section 2. That ~ representing
said Indebtedness said town Of Gov
ington do issue 100 negotiable bonds
numbered to 100. both numbers In
elusive, bearing date Of July Is
1915. with i've per cent per aunum
interest from date, payable semi
annually on the 18th day OF. July
and the 18th day Of January, each
year in the specific amounts and ma
TURTLES, - follows:
10 bonds Of $500 each. one Of
said bonds maturing July 18th Of
each year from 1917 to 1926. both
inclusive.
10 bonds Of $500 each. two Of said
bonds maturing on July 18th Of each
year from 1927 to 1881, both inclu-
sive.
Is bonds Of $500 each; three Of
said bonds maturing ON July 18th
Of each year from 1892 to 1886. bott
inclusive.
30 bonds Of $500 each. four of said
bonds maturing on July 18th OF each
year from 1887 to 1871, both in
elusive.
IS bonds Of $500 each, flve Of said
bonds maturing on July 18th OF each
year from 1942 to 194S, both In
elusive.
so bonds Of $500 each. six Of said
bonds maturing on July 18th Of each
year from 1919 to 1853, both in
elusive.
That to said bonds shall be at
tached the proper coupons repre-
senting interest on said bonds at the
rate Of i've per cent per annum, from
the 18th day Of July. 1915. payable
semi-annually on the 18th day of
July and the 18th day OF January
each year.
And that the Secretary of this
council be and he il hereby instract-
cd to have prepared for use at said
special election. all necessary ballots
ballot boxes, tally sheets, lists of vot-
e-s and compiled statements OF yot.
cry in number and amount.
Be 1t further ordained, etc.
Section 3. That in order to pay
the interest on said bonds and pro-
vide q sinking fund for the payment
Of the principal thereof IS provided
in Section Two hereof. q special tax
shall be levied on all taxable proper
ty In the town Of Covington sufficient
to produce the following sums each
year, to-wit: