The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1916-09-14


Authorizing the Police Jury
through appointed committee
TO borrow $Il, 10000 from the
Fiscal Agents, for the purpose
of the immediate repair of Ger
tain Parish bridges and provid-
8 ing for the payment Of same
nnd dedication of revenues
therefor.
Be it ordained by the Police Jury OF
the Parish Of Natchitoches, La.
Whereas, certain Parish bridges, t.
wit: The bridge across Bayou Pierre
between Allen and Powhatan, the Berry
bridge across Bayou Pierre, the Derr.
bridge across Cane river; and othel
Parish bridges are in need of immediate
repair, and,
Whereas, the sum of at least Elevel
Thousand Dollars ($l1, OO0.0O) is nee
essary to pay the cost and expenses Oh
such repairs; and,
Whereas, the Parish bridge Fund al
budgeted is nineteen twenty fourth
Of one mill of the regular ten mill con.
stitutional tax, equal TO about SN
Thousand, Four Hundred Dollars &c.
10000 per year; and,
Whereas, there now exists debts
against said Parish Bridge Fund for the
repair of bridges amounting to about
Four Thousand Dollars "a, OUU. 00l; anG,
Whereas, it is necessary to porroW
the said sum of Eleven Thousand Dor.
lars for the purpose of paying the saiC
Four Thousand Dollars of existing deb
and for the purpose of making the re-
pairs required, the additional sum o.
seven Thousand Dollars is necessary
BE it therefore ordained by the POlIc,
Jury Of the Parish Of NatchItoches. La
Section |, That r. e. Hammett, h
A. Cook and j. 4. Salter are hereby
appointed q committee to represen.
Chis body. with authority to borrow
irons the fiscal agents OF the Parish.
5owit: The Exchange Bank, the Peo-
mers Bank and the Citizens Bank o.
Campti, one-fourth of said Eleven
Thousand Dollars from each, ana Il
execute the notes of the Police Jury
each for the sum Of Two Thousand,
Seven Hundred and Fifty Dollars (Sz,-
l50,e0, due February l, 1917, bearing
eight per cent (S%) interest from DAFT
until paid, and ten per cent (lOE) al
ditional as attorneys fees in event Of
suit to collect. And to secure the pay
ment df the said loan, the Police Jur,
does hereby specially dedicate ant
pledge unto said banks the full ninteeL
twenty fourths of one mill of all the
Parish taxes for the year 1916, 49,
and 1918; the same to remain so SPEC
Ially pledged and dedicated until the
| full and flnal payment of said notes,
with interest, cost and attorneys fees
aforesaid.
Section 2. And the Police Jury does
hereby, individually and collectively,
pledge themselves, Annually for the
years 1917 and 1918, to budget an0
dedicate nineteen twenty fourths OF
one mill of the regular ten mill consti-
eutional tax to the Parish Bridge Fund,
Tor the purpose of paying the said debt
herein authorized. The same to so re-
.naIn specially pledged and dedicated
until the 1ull and f1nai payment thereof.
Section 8. The said committee are
Aurther authorized and directed to ex-
ecute to said Fiscal Agents Banks, .
written act Of pledge OF the said nine,
Ceen twenty fourths OF one mill for the
years 1916, 1917 and 1918, 70 secure the
payment of the said debt herein auth
orized to be contracted.
Section 4. And the said COMMITTEES
is further fully authorized and directed
as the said notes mature, to renew By
the execution of new notes from time
to time such portion of the debt as MAY
be necessary, provided thRE not less
than Forty Hundred Dollars ($4, COG. 0O)
Of the principal shall be paid out Of the
! 1916 revenues, and not less than Forty
Hundred Dollars l4,O0O.001 Of the prin'
cipal ont OF the Sl7l revenues, aHd tn