The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-10-06
standing Of stakeholder in said enter

prise TO the amount Of said assistance;
, And whereas, said Company is with
in the past few days, turned over to tn
: Police Jury. AZ the amOuht OF the liqul
dating dividend due at thi, date, the sun
} OF SSH, IS 10 be used exclusively for III
: the Parish.
, "ihertforc. be it Resolved. by this Com
MISSION, that the thanks OF the genera
pubiic Of the Parish Of st. Mary, are du
To Mr.. T.. A. pharr. General Manager .
said Atchafalaya ship Channel Company
and to each and All Of his associates, 10
the pubic spirit and wisdom shown b.
them IN annitiatjnc and carrying througi
to completion this public enterprise an,
for the wise and able manner IN which IT,
funds have been handled and for the fur
Their benefits to accrue to The Parish from
the turning over to it Of thus I!quidatln-
dividend for the construction Of Goot
Roads,
At the next meeting of the Police
Jury, your Honorable PresiIeG
brought mp thIs question Of the recel y
Of III said moneys, aud your Honor
able P'iice Jury passed a unanimou:
vote OF thanhs to the corporation
Aside from any question Of over
payment or otherwise, this action on
the part of the Police Jury should. in
fact have closed this N liter, SO far
as tie pubic interest Was Concerned.
and there is 60 legal or moral obli-
| cation on the Company now to ac-
count any further to the Parish for the
so-calleG Overpa yment. However, the
| Company and its officers have always
courted the fullest public investiga-
| ton, and at all time, as your Honor
| able Body was informed. stood ready
| 10 explain any transaction about which
! inquiry was made.
There may be room for argument as
/ TO whether the total amount to be- paid
| the Company WAS Si5.5u0 % or not,
tho it is a VEL established prime . e
for the guidance Of business atfll
Jnat an Interpretation passed upOn an
agreement at the time by the parties
thereto, AMI acted upon by them, dis
pays the true lntpn, OF thu agreement
And ia receiving IN IRE than SD, oD).-
30 the Comp any. on It's part assam Il
or understood that it was legally en-
tilted 10 it and received it in good
faith The agents Of the p, pc. the
Asses sor. Honorable II. w. k,ppal,
and the then Sheri II aud Tax Col ,4ctpr,
Honorable w. I. Prterm M, aud the
then Paiisl Treasurer. HonOraD t T..
a. Boudredux. al OF whom are sup
posed t. have represented to have rep
resented tue people and 10 know the
Jaw. nec9,Saruy must have acted in
good fdith, aud must have construed
the resolution, if 'nstrued ut ali, as
giving to the Company the tax for
seven years, and not for spec Gc
amount.
1t is certainly unfair to these officials
and To this company to raise the Ql"S-
ton after tn. money has been dis
tributed. and the Parish on it, part
has received a pro rata based on the
total pigment of S53, 600 90. The
equity of the situation is simply that.
having subscribed for Il minimum of
SIS 900 % of stock. the Parish took
SO 900 % and has been reimbursed 90
lnis basis. Its agents. the Po ice
Jury. as express ,ed Ia meeting felt sat-
istied with the handl!n. OF this fuod.
accepted the money, and have applied
the sad $50, 1000. 90 to one of the most
needed and appreciated improvements
that the Parish has ever made-a puO-
Tic surfaced highway.
If this be not legal and eguita bic
that those who are ciamorlng for re-
Davmen; to the Parish of further
sum uu the grounds thu an equitable
assessment has not been made, them
selves lose sight Of the real equity
and thereby the red morals IF the
case. The large majority Of the sto;n-
holders Of this ompauy are citizen,
aud taxpayers Of he Parish Of ST
Mary AS we'll, They subscr oed to tho
stock Of tue CumDAuy with the eX-
ptctatlOn. not primarily Of making
money, but III order to he p the Parish
by developing d deep water ,rt Ia
addition to their subscriptions IN cash,
one IF which was tor Sl5 900 20. tney
likewise paid her one mI TAX aud
,hereb, cpubribu5 d t, til. overpay-
m.nt. if any 1t follow, 10 di,trl bu-
tIng he assets # The COmplny, a III
IN Justice an lii co lIts 10 these la
utyiGuti stucknuluecS, they should
have paid back their eutlre subscrlp-
ton before the Parish received auy
. j. meat at al but instead they bl
u tAulmpus cGusent stood loss Of
y IL per cert on lhelr sub,crIpti IA
and really dDuuted TO the Parish TIL
amount TIL, action on the COM
panN's part is SIT lctiy in line with tn.
nigh rpose and public spirited char
acter of the enterprise from inception
down To the present lime
II this had net been done. then the
+ rsh would nave revived little or
'Uihing from this source 10 put the
matter C ncretek, individual subscrip-
TONS, onlsidc OF the PARISH tax amount
approxim ieiy To $3.50 900 o. The
Paylsn paid 800 100 90 The perceut-
age palc hacE On, the 81, u0J.OJ If pr
vtte subscriptions, male tue amount
received 10y them app. oxIm tie 80 900
90. Had tiny teen pai'' loo pes ccnl d,
t.el were "quit'bl entitled To, AID