The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-05-12
twenty years, We're issued, be and the sam
is hereby repealed

twenty years, were issued be and the same
is hereby repealed.
Mr.. Landry moved the adoption of the
ordinance, which motion was seconded by
Mr.. Painter and roll-call adopted by a
vote of 5 yeas and nays.
The following ordinance read:
Ordinance No. 5.
Be it ordained, that the ordinance adopt
nsa.1917, entitled. IAN ordinance levying and
fsAsessing a tax of three mills on the dollar
on all the property subject to taxation in
the New River Drainage District of the par
ish of Ascension, Louisiana, to pay the in
terest on forty thousand dollars ts40, O00)
of five per cent bonds, and the principal on
three bonds of Ave hundred dollars each,
maturing June 1, 1915 be and the same
is hereby repealed.
Mr.. Savario moved that the ordinance be
adopted. which motion seconded by Mr..
Landry and on roll-call adopted by vote of
5 yeas and nays.
Mr.. Nargassans offered and read the fol-
lowing ordinance:
Ordinance No. s.
An ordinance authorizing the issuance of
bonds of the New River Drainage Dis
trict of the parish of Ascension, Louisi-
ana, and piedging the tax to provide for
the payment of the principal and in
terest thereof
Whereas, at an election heretofore held on
Tuesday, November Is, 1916, duly called and
held in the New River Drainage District of
the parish of Ascension, Louisiana, there was
submitted to the qualified property tax
payers the proposal of authorizing the board
OF commissioners of said district to incur
an additional Indebtedness and TO issue ne
sotiable bonds therefor amounting in the
aggregate to the sum of forty thousand dol
lars, tS40,990), to mature within twenty
{2ol years, payable principal and interest
out of special ad yalorem tax upon all
property in said district subject to taxa
ton; and
Whereas, due and timely notice for the
period and in the manner prescribed by law
was given of said election, and ma
jority in number and amount of the property
taxpayers qualified electors under the laws
and constitution of the state of Louisiana
voting to authorize the hoard of commits
sloners to issue the bonds of the district in
the said sum of forty thousand dollars, (s40,-
0O0); and
Whereas, this board now desires to issue
the bonds Of said district in the amount of
forty thousand dollars, {S40,0n0} and to
provide for the principal and stipulated in
terest thereof:
Section /. Be it ordained by the board of
commissioners of the New River Drainage
District of the parish of Ascension, Louisi-
ana, in session duly convened, that there
shall be and are hereby ordered to be ex-
seuted the negotiable coupon bonds in said
district in the sum of forty thousand dol
lars, $40, 00e1. Said issue shall consist of
eighty 800 bonds, which shall all bear date
the first day of July, 1917, and shall be of
numbered from Ell to ESQ, both numbers
inclusive. All of said bonds shall bear in
terest at the rate of Ave t5) per eentuna per
annum, payable the frst day of january
1918, and sernl-annuaily thereafter on the
first day of January and July of each year
said interest to be evidenced by interest
notes or coupons attached to said bonds, and
said bonds ahait follows