St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-08-04
ORDINANCES.

O86OGNANN60s
.~~~~~rS~oeSsrs~e~~ >~se>scsoA~~~"srs-
and November Of each and every
year until the complete payment Of
the principal sum thereof. both prin'
cipal and interest to be paid 1t the
ONCE Of the Covngton Bank 4 Trus,
Company, of Covington, Louisiana
the interest on said bonds to be evi.
denced by proper coupons attached
to each bond with q fac-simile sig
nature Of the president and secre.
tary of the School Board on said cou-
pons and the said bonds to be signed
BY the president and secretary OF the
School Board and sealed with the
seal thereof.
Be it further resolved, That the
bonds shall b printed BY the presi.
dent Of this Board and shall be sub
stantisll a. follows:
United States of America, State OF
Public improvement Bond of
School District No. 1, st. Tammany
Parish, State Of Louisiana.
school District No. 1 Of the Par
ish Of Ct. Tammany. State Of LOU
isiana. for value received hereby
promises to pay to boarer on May l,
10. the sum of
One Hundred Dollars $4,000
Five Hundred Dollars $4,000
in gold coin Of the United States Of
the present standard Of coinage.
with interest thereon at the rate OF
five per cent per annum from May
/, 1917, payable semi-annually on
the first day of November and on
the first day Of May of each and
every year. except the first coupon.
which will be payable one year after
date, upon the presentation and sur
render Of the coupons hereto At
tached ~ the same shall mature.
The principal and interest on this
bond 10 made payable at tn ONCE
of the Covington Bank & Trust
Company. Of Covington, Louisiana.
This bond 10 one Of q series Of
flfty bonds, numbered from l to so,
inclusive, Of the denominations Of
One Hundred Dollars $4,000 and
Five Hundred Dollars $4,000 bonds
Nos. 2, 4, 6, 8, 3, 10. II, Is, IA, Is.
2e, 20, 80. SO. -, 81, 80, 80, ~,
43, A., ~, 48, ~ and so being Of
the denomination of One Hundred
Dollars $4,000 each and bonds Nos.
1, 3, s, Z, IL, is, 16, II, 18, 10,
20. 81, %, 23, "a, 81, zs, 81, 80,
IS. So, 40. II, Is and 4s being Of
the denomination Of Five Hundred
Dollars ($500) each, aggresating
the Fifteen Thousand Dollars t$15.-
000) issued by School District No. 4
Of the Parish Of st. Tammany. State
Of Louisiana. for the purpose Of con-
structing and furnishing q public
school building at Vaudeville. La.
and the purchase OF the necessary
site. all within the limits of School
District No. I and the title to which
shall vest in the public, and ny vir-
tue of the authority conferred BY
Article 281 Of the Constitution Of
the State Of Louisiana and Act ass
of the General Assembly of the
State of LOUISIANA for the year 1910,
and the said bond was especially au-
thorised at IN election held In
School District No. 1 Of the Parish
of st. Tammany on the second day
Of April. 1917.
The debt represented by the said
dfty bonds Wa incurred and the
bonds were issued by virtue Of the
authority conferred by the Constitu-
ton and act referred to and con-
forming to the results Of IN elec-
ton held on the second day ct April.
1917, who authorized the governing
authority Of said School District No.
1 Of the Parish Of 8. Tammany to
levy ecah year a tax sufficient to pay
the principal and interest on asid
bonds in accordance with law, and
1t il certified that all of the acts,
conditions and things necessary to
be done precedent to the issuance
Of this bond and the other bonds Of
this series, in order to make them
legal, binding and valid Obligations
of School District No. 1 Of The Par
ish of st. Tammany, have been per-
formed In due form ~ required by
law and that the Indebtedness Of said
School District, including this issue
Of bonds. does not exceed the con-
stituttonal or statutory Limitations
Of indebtedness.
In witness whereof the st. Tam.
many Parish School Board of the
Parish of st. Tammany, as the gov.
erndnT authority Of School District
No. 1 Of the Parish Of st. Tamman3
has caused this bond to be issued
signed and sealed with the corpor.
ate seal OF the said st. Tapmany
Parish School Board % the govern.
ing authority of School District No
4 Of the Parish of St. Tammany, al
Of which were adlxed hereto by ii
president and secretary on behalf o.
School District No. 1 on ths first day
of May, 1917,
SCHOOL DISTRICT NO. 1, PAR