The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1917-07-14
Official Proceedings of the Mayor and
Board of Aldermen of Colfax.
Colfax, La, July s. 1917.

the town of Colfax, La, met this day
pursuant to adjournment. Present, j
@. Long, mayor. and Aldermen w. c.
Carnahan, C. w. Williams and A. M.
Goodwin. Absent, Aldermen P. A.
Dean and H. B. Faraldo.
On motion of A. NJ Goodwin. sec
onded by w. C. Carnahan, the follow
ing ordinance was unanimously adopt
ed by sections and as whole:
By A M Goodwin No. 2405
AN ORDINANCE
To ratify and confirm the purchase by
the Mayor Of the Town of Colfax,
La, of the electric light plant, fran
chise, lot and other property of the
same, as entered into between the
Mayor and Charles II. Teal on June
II, 1917, and to ratify and confirm
the pledge as therein made by the
Mayor of two mills of the taxes on
the assessment of the property of
the Town of Colfax to secure the
purchase price of the said plant as
authorized by the fourth paragraph
of the thirteeeth section of Act No.
135 of the Acts of the General As
sembly of the State OF Louisiana for
the year 1893, as amended and re-en-
acted by Act No. 1876 of the Acts of
the General Assembly for the year
1916.
Be it ordained by the Mayor and
Board of Aldermen of the Town of
Colfax, Grant parish, Louisiana, in
regular session convened:
Section l.
That, whereas, in accordance with
the direction of the Mayor and Board
Of Aldermen, given prior thereto, the
Hon. j. @. Long, Mayor of the Town
Of Colfax, did, on June IL, 1917. by act
passed before J. B. Roberts, Notary
Public of Grant parish, Louisiana, pur-
chase of Charles H. Teal the electric
light plant in said town, together with
the lot of ground on which the same is
located, the franchise therefor and all
other property connected with the
same, said purchase having been made
on credit for the sum of three thousand
dollars, payable three hundred dollars
per annum with five per centum per
annum interest, interest payable annu-
ally, for ten years, for which credit
price the Mayor issued ten certificates.
of indebtedness of the Town of Colfax
for three hundred dollars each, payable
the first one on January l, 1918, and
the other nine for the nine years fol-
lowing; and, whereas, said Mayor in
said agreement pledged two mills per
annum of the assessment levied on the
assessed within the corporate
limits of the Town of Colfax as securi-
ty for the said certificates, now, there
fore, be it
Ordained by the Mayor and Board of
Aldermen of the Town of Colfax, La,
That the said transaction, purchase and
pledge be and the same are hereby rat
fled and confirmed in every particular
and made the act of the Mayor and
Board of Aldermen of the Town of Col
fax, La, as binding and effective as if
done subsequent to the passage of this
ordinance.
Be it further ordained, ETC.,
Section 3
That there is hereby levied for the
years 1917, 1913, 1919, 1920, 1921, 1922,
1923, 1924, 1925 and 1926, two mills of
the taxes collected by the Town of Col
fax, on all property assessed in said
town, out of the general levy of taxes,
and the said two mills per annum is
hereby pledged as security for the ten
of Indebtedness set forth in
section one of this ordinance and more
described in the at of sale
and transfer aforesaid executed by
Charles H. Teal to Town of Colfax,
represented by j. @. Long, Mayor, and
passed before j. B. Roberts, Notary
Public, on June IL, 1917, the authority
low exercised having been conferred
IN this body by the General Assembly
If the State of Louisiana as set forth |
n the title of this ordinance.
Be it further ordained. etc.:
Section 81
That all ordinances and parts of or
finances in conflict with or contrary to
he provisions of this ordinance are
hereby repealed in so far as they con-
lict with or are contrary hereto.
The above ordinance was read as |
whole and by sections and was adopted |
~ sections and as a whole by the May
" and Board of Aldermen of the Town
# Colfax, Grant parish, Louisiana, at |