The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-07-07

and used for the purpose OF retiring sala
bonds in principal and interest
In testimony whereof the police 3ufy sol
the parish of Ascension. acting as the gov
ernine authority of the said parish. mas
caused the said forty t40) bonds to be Is,
sued and signed, for and on behalf OF saio
parish of Ascension, and the corporate sea-
of said parish affixed by the president ana
secretary of said police jury, as OF TINS the
st day of February, 1917. ,r, ~,
PARISH or ASCENSION. STATE OF
LOUISIANA.
President Of Police Jury. Parish of
Ascension. State of Louisiana
ATTEST:
Secretary of Police Jury. Parish OF AS
sion State of louisiana
INTEREST COUPON.
the parish of Ascension. one OF the 1'arlshes
al The state OF Louisiana, viii pay to bearer
.............. dollars CD; being the ne
semi-annua interest due on that date on us
President Police Jury. Parish of As
cension, State OF LOUISIANA.
Secretary.
| Said bonds shah be registered by the sec
| rotary of state of the state OF Lonisiana
and there shall be endorsed thereon the lol-
| lowing words .Incontestible. Secured by
. tax of u of one mill on the dollar OF as
ass go valuation in the parish of Ascension,
sale Of Louisiana. Registered this
day Of ........ ~
ssecretary of State.
/ section g. Be it further ordained ETC.,
! that for the purpose of paying SAID Donas ~
principal and interest as they seVeraiis pe
| come due. the police jury OF the parish OF
Ascension does hereby set aside. dedicale ana
pledge to the payment OF the sad eonas' III
principal and interest. the awaits oil me sur
.rf,fS q
If fen mills on the dollar of assessed Vaiua-
ton authorized by article 2S2 OF the constltu-
tion of the state of Louisiana, during the
years 1917 to 1925. inclusive, as a h"dv ct
aside and pledge and dedicate IS of one mil
of the general constitutional ten-1nnl taA
authorized by article 232 OF the constltut az \
of the state of Louisiana for the years ~! :
TO 1925, inclusive, hereby declaring thae liz -,
body will each year set aside as coiiected IN. ene
ayails of said surplus taxes thus pledged INTO
and said proceeds thus collected SHAH be
| used only for the purpose OF fetirlng sa,u
, bos;tis in principal and interest, and the eonas
shall to the extent of this setting aside, eeu:-
cation and pledge of such revenues, consul
fn+e a binding and irrevocabie contract De
tween the holder or holders OF said bonas ano
the parish Of Ascension and Tor tne pay pay,
ment of said bonds in principal and interes,
, the vood faith and credit of the PARISH OF
, Ascension is rrevocably pledged. -.
BE it further ordained, etc, that all ordi,
herewith be and the same are hereby re-
pealed.
On motion of Mr.. Reuss, seconded by MT
!, iNar9assans, the ordinance was adopted Tol,
call resulting as follows: Yeas-.Reuss' al
g con. Landry Armitage. Newman Nargassahs
,f nays-none. -.
;. Because of the heavy inroads made on tn
: finances of the parish and the possible I'm
~ mediate need for funds Mr.. Reuss offered tn
m following resolution:
),l BE it resolved, that the finance commute
IF of this police jury be and it IS herepy au
re thorized to borrow from the Bank OF AS
Of cension, or any other banking institution
,e for the purpose of paying the necessary ru1
b. ming expenses of the parish. the sum
i'd twelve thousand t$12,000) dollars or
d, much thereof as may be necessary, ana
n. issue certificates of indebtedness IN repf
he sentation of said loan. provided that the =
st | tai amount of said certificates shall not e
,r- coed in the aggregate the said sum OF z
000 Said certificates to bear interest at u
g. rate of per cent per annum from date
nj maturity and to be made payable on or
of fore the tenth day of January, 1918.
ars Mr.. Reuss moved the adoption Of the res
ON luton which motion was seconded by
Ids Nargassans and roll-call unanimous
err carried. yror ~.