St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-04-14


day of August, each and every year,
until the payment of the principal
sum thereof, both principal and in
terest to be payable at the office of
the Covington Bank & Trust Com
pany, Covington, La, and said bonds
shall be known as School District No.
4 Bonds.
The interest on the said bonds
shall be evidenced by proper cou-
p0ns attached to each bond and both
principal and interest of said bonds
shall be due and payable in gold coin
of the United States of the present
standard of weight and fineness.
Said bonds shall be signed by the
by the secretary of this board but
said interest coupons may be exc
cuted by facsimile signatures of the
said president and secretary.
Section 2. Be it further resolved,
etc., That all of said bonds and all
of said interest coupons attached
thereto shall be in substantially the
following forms, respectively:
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
Parish of st. Tammany.
No. 80. $4,000
School District No. Bonds of the
st. Tammany Parish School
Board.
Know all men by these presence,
That the St. Tammany parish school
board of the parish of St. Tammany,
State of Louisiana, acknowledges
itself to be indebted and for value re-
ceived hereby promises to pay to
bearer the sum of five hundred dol
lars on the first day of ..........
together with interest thereon from
date hereof until paid on the first
day of .......... and .........
of each year until final payment here
of on the presentation and surrender
of this bond and the interest coupons
attached as they severally become
due.
Both principal and interest are due
and payable at the office of ........
......., State of Louisiana. N
gold coin Of the United States of the
present standard of weight and fine
ness.
This bond is one of a series D
thirty bonds Of like tenor, date and
amount issued for the purpose of
providing funds to construct and
equip public school building and
purchase a site If necessary at Man
deville, in School District No. 4, Of
the parish of St. Tammany, La, and
in full conformity to Article 2S1 Of
the Constitution of Louisiana and the
carrying same into effect and is au-
thorized and directed by a vote OF
the majority in number and amount
of the property taxpayers qualified
to vote thereon, voting at a special
election duly and regularly called
and held in and for School District
No. 4, as provided by the constitu-
ton and statutes of Louisiana.
It is hereby certified and recited
that all acts, conditions and things
required by the constitution and
statutes of the State OF Louisiana
precedent to and necessary in issuing
this bond have been regularly done
and performed; that the total in
debtedness of said parish school
board for and on behalf of said school
district No. 4 does not exceed any
constitutional limitation and that full
and ample provision has been made
for the collection of q direct property
tax on all property subject to state
taxation within the limits of said
school district No. 4, annually, for
period of fifteen years sufficient to
pay the interest and principal OF this
issue of bonds as the same mature
and for the prompt payment thereof
in both principal and interest the full
faith, credit and resources of the
said school district No. 4 are hereby
irrevocably pledged.
In testimony whereof the said par
ish school board of the parish of st.
Tammany, La, has caused this bond
to be signed by its president and at
tested by its secretary, and the in
terest coupons hereto annexed to be
executed by a facsimile signature of
its president and secretary.
This -. day OF ........, 1917.
Attest:
N, H, FITZSIMONS,
President.
ELMER E.. LYON,
Secretary.
(Form of Coupon
No. 90. $3.50.
and on 80. 10. !.
the St. Tammany Parish School
Board OF the Parish of st. Tammany,
State of Louisiana, will pay to bearer
twelve and fifty one-hundredths dol
lars at the Office of ..............
-, being six
months interest due on it's School
District No. 4 Bonds.
No. ..... Date .............
President.
Secretary.
Section 3. Be it further resolved,
etc., That the proceeds of the sale
of these bonds herein authorized and
directed to be issued shall be devOt-
ed exclusively to the construction and
furnishing public school building
and purchasing a site II necessary in
the town Of Vaudeville situated with
in the School District No. Of the
parish of St. Tammany, La, title to
which shall vest in the public.
Section 4. Be it further resolved
ETC., That this board and it's success
ors hereby binds itself irrevocably
and contractually to and with any
purchaser or purchasers Of thes
bonds, that it and it's successors i
Office will annually during the IL
of said bonds, at the same time this
other taxes are levied, in addit Q
A1>o ,,:1