Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1917-08-31
lEvEE BOARD MEETING.
OFFICE BOARD OF COMMISSIONERS /
5rH LOUISIANA LEvEE DISTRICT. !

70 meet in special session by the President
Tor the purpose of considering means Of
saisingfundsto meet the Mississippi River
Commissions requirements under the
Flood Control Act, at its domicile this
day.
= The Board was called to order at 1880
o'clock, and the roll called, there being
present the following commissioners:
r. H. Schneider, East Carroll; X. X.
Boney, T. P. Kell, President, Madison |;
q. G. Goldman, Tensas; f. G. Rhodes,
]. II. Lambdin, Concordia.
Absent, B. F. Young, E. J. Hamley.
A quorum being present, the Board
proceeded to the business for which it
We called.
Reading of minutes of previous meeting
vas dispensed with.
On motion Of Commissioner Goldman,
seconded BY Commissioner Schneider, the
following resolution was adopted:
Be 1t Resolved, That the President of
this Board is hereby authorized to bor-
rov from the First National Bank, Of
Lake Providence, the sum of $25, 900. 90,
10 Be paid out Of the revenue of the year
1918, with interest at the rate of six per
cent (8&) per annum.
Major F. M. Kerr, Chief of Engineers,
IN letter explained that an engagement
at another place prevented him from be-
Ing present at the meeting. He ex-
planned that under the law the Board of
State Engineers could not set aside funds
10 meet the Flood Control Act, but that
the fund - State fund could be used to
meet the emergencies that would occur
IN the district and other parts of the
State. Major Robertson being present
concurred in this opinion.
On motion of Commissioner Rhodes,
seconded BY Commissioner Schneider,
the following resolution was adopted by
he Board:
Be 1t Resolved, That this Board, avail
toe itself of the authority vested in it by
Act No. l4l Of the Acts of the Legislature
o( the State or Louisiana for the year
lel6, entitled an Act to authorize the
Board OF Commissioners for the Fifth
Louisiana Levee District to issue and ne
ooetate bonds not to exceed one million
dollars (el, 900, 100000 additional to the
Issue authorized by Sec. IL of Act A OF
1855, and by Act 1874, of the General As
semhly of louisiana, session Of 1912, do
issue lie bonds to the amount OF one mil
lion dollars ($l zoo, 100000; all of said
bonds OF the denomination of one thous-
and dollars 81 ,OOO.OO) each; said bonds
70 be payable to "bearer", to be signed
By the President Of this Board officially
and attested by the signature of the Sec
rotary and the seal of the Board; to be-
come due in fifty years, and to be pay
able at the option Of the Board in forty
pears from the date of their issue; to bear
Interest at the rate Of five per cent (5%)
per snnum from the date of their issue;
aid interest TO be evidenced by coupons
sttached to said bonds; payable semi
annually; payable at the office of the
State Treasurer Of Louisiana and subject
10 oil the terms, provisions and con-
ditions OF said Act l41 of the Acts of the
Legislature OF the State OF Louisiana for
1915, and for the purpose set forth therein.
Be 1t Further Resolved, That the pre-
eseding resolution and each and every
part and clause thereof, and each and
every clause and part Of Act al, of the
Acts Of the Legislature of the State of
Louisiana Of 1919, be and they are hereby |
eonstituted q part of the contract be-
tween this Board and any and all future
holder or holders Of any of said bonds or
coupons to be issued under the provisions
a this resolution and said Act al of
1915.
Be II Further Resolved, That the Pres
jdsnt OF this Board is hereby authorized
end instructed to have the one thousand
bonds, aggregating one million dollars,
psevided for in the foregoing resolution,
properly engraved as soon as possible,
and 10 have them bear the date OF October
18th and April 10Th, and of the demon.
nation OF one thousand dollars Isl 100000
lash.
.De It Further Resolved, That the Pres
dent OF this Board and the members are
hereby constituted committee and are
,rHv,,rko3 m arrange the sale of two
lnDdFed and hfty thousand dollars
|po60. 100000 bonds of this Board to be
DGosod 1t such time and i'm such manner
> = most advantageous, Of the one mil
N dollars authorized by Act al Of
IeaA
u u Further Resolved, That, after the
- q said bonds authorized by the FORE
- resolution under the provisions OF
|nneioa No. OF said Act 14l, Of 1916,
h President IL instructed to warrant on
= State Treasurer for the delivery of ,
al. or bonds, to the successful bidder ,
. bidders. {
The vote bsipg as follows: y
Yeas-F. n. Schneider, R. X. Boney, ]
!. C. Goldman, E. G. Rhodes, j. II. 1,
ambdin. y
Mays-None. o
Ahssnt--B. +. Young, E. J. Hsmley.
- outioa n Commissioner Schneider