The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1917-05-05
OFFICIAL PROCEEDINGS
of sthe
NEW RIVER DRAINAGE DISTRICT OF
THE PARISH OF ASCENSION.
Gonzales. La, April 20, l9lT.

donZale5, La, April 20, 1917.
The board of commissioners of the New
River Drainage District of the parish Of As
cension. Louisiana, met this day in special
session, and was called to order at o'clock
p. m. Present-Leon Picard, president;
Alexis r. Landry, j. G. Nargassans, P. P.
Painter. M. G. Savario.
The minutes of the last preceding meeting
were read and approved.
The following ordinance was read:
Ordinance No 4.
Be it ordained by the board of commits
sioners of the New River Drainage District
of the parish Of Ascension. Louisiana, that
Ordinance No. s, adopted at meeting of
this board held January g. 1917, entitled,
IAN ordinance authorizing the issuance of
bonds of the New River Drainage District Of
the parish of Ascension, Louisiana. and
pledging the tax to provide for the payment
of the principal and interest thereof. where
by bonds aggregating the sum of $4,000,
bearing 5 per cent interest, payable within
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is hereby repealed.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 on roll-call adopted by a
vote of yeas and nays.
The following ordinance was read:
Ordinance No. S.
Be it ordained, that the ordinance adopt
ed by this board at its meeting of January
8, 1917 entitled, IAN ordinance leyying and
assessing 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 forty thousand dollars t$40,000)
of five per cent bonds, and the principal on
three bonds of five hundred dollars each,
maturing June |, 1916 be and the same
is hereby repealed.
Mr. Savario moved that the ordinance be
adopted which motion was seconded by Mr.:
Landry and ON roll-call adopted by vote of
s yeas and no nays.
Mr. Nargassans offered and read the fol-
lowing ordinance:
Ordinance No. g.
An ordinance authorizing the issuance OF
bonds of the New River Drainage Dis
trict Of the parish Of Ascension, Louisi-
ana. and pledging the tax to provide for
the payment Of the principal and in
terest thereof.
Whereas. sat#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
gotiable bonds therefor amounting in the
aggregate to the sum of forty thousand doi-
lars, ($4Q,000), TO mature within twenty
(2ol years. payable principal and interest
out of special ad valorem tax upon all
property in said district subject to taxa
ton and
Whereas, due and timely notlce Tor Lne
period and in the manner prescribed by law
was given of said election, and a ma
jority in number and amount of the property
taxpayers qualified as electors under the laws
and constitution of the state of Louisiana
voting to authorize the board of commits
sioners to issue the bonds of the district in
the said sum of forty thousand dollars. ($40,-
000) and
Whereas, this board now desires to issue
the bonds of said district in the amount of
forty thousand dollars, ts40.o00), 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-
ecuted the negotiable coupon bonds in said
district in the sum of forty thousand dol
lars. ($4o,000). Said issue shall consist of
eighty t8o) bonds. which shall all bear date
the first day of July. 1917. and shall be Of
the denomination of $500 each and shall be
numbered from Ell to ESQ. both numbers
inclusive. All of said bonds shall bear in
terest at the rate of five t5) per centum per
annum, payable on the first day of January,
1918, and semi-annually 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 shall mature as follows: