St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-08-18
ORDINANCES.

|
The following ordinance was in
troduced by Mr.. Levy, seconded by
Mr. Millar:
Whereas, the st. Tammany Parish
School Board at its meeting of date
April 4, 1917, provided for the issu-
ance of bonds aggregating fifteen
thousand (s15,OO0) dollars for
School District No. of the parish
of st. Tammany; and
Whereas, at its meeting on the 4th
day Of April, 1917, an ordinance
was passed by the St. Tammany Par
| ish School Board providing for the
! issuance of said bonds and provid-
ing for the denomination of said
Cooper was quieted and returned to
his car, which was backed up and
! passage way secured.
bonds and their maturities; and
Whereas, it is considered advis-
able to change the date Of said bonds
as we'll as the denomination and ma
turtles of said bonds.
Therefore, be it resolved, That
the ordinance passed. by the St.
Tammany Parish School Board pro-
viding for the issuance of said bonds
be and the same Is hereby repealed.
Be it further resolved, That the
School District No. OF the Parish
OF st. Tammany having been author
lied to incur debt and issue bonds
aggregating fifteen thousand ($15,-
OOO) to run for period not longer
than fifteen years at an election held
on the second day of April, 1917,
the st. Tammany Parish School
Board of the Parish of St. Tammany
does hereby authorize the mourning
of debt and the issuance of bonds
aggregating fifteen thousand ($15,-
O00) dollars, said bonds to be in
Dollars ($1O0) and Five Hundred
Dollars ($500) each, Bonds Nos. 2,
4, 6, 8, 9, 10, IL, 49,. IA, 25, 26,
20, 3d., 80, "a, 81, 3S, 80, AZ, 43,
A, AZ, 4S, 49 and SO being of the
denomination of One Hundred Dol
lars ($100) each, and Bonds Nos. 1,
3, s.. Z, II, Is, 16, II, IS, 10, 20,
81, %, %, "a, 81, %, 81, 80, So, SO,
40. Al, As and 46 being of the de-
nomination of Five Hundred Dollars
($5O0) each, aggregating Fifteen
Thousand Dollars 5,00O), and
said bonds to be dated May l, 1917,
to bear interest at the rate Of five per
cent 6 per cent? per annum, payable
semi-annually, except the first cou-
pom which shall be annual, and issu-
ed for the purpose Of constructing
and furnishing public school
building at Vaudeville, Louisiana,
and the purchase of the necessary
site, all within the limits of School
District No. 4, and the title'to which
shall vest in the public.
Be it further ordained, That these
bonds shall be due and payable as
follows:
Bonds Nos. 1 and 2 mature May l,
1918, 5000.
Bonds Nos and mature May l,
1919, 5000.
Bonds Nos and mature May /,
1920, 5000.
Bonds Nos. to 10, inclusive, ma
ture May 1, 1921, $500:
Bonds Nos. II to IA, inclusive,
mature May /, 1922, $500.
Bonds Nos. Is to 16, inclusive,
mature May /, 1928, $1,000.
Bonds Nos. II to 18, inclusive,
mature May l, 1924, $1,000.
Bonds Nos. 10 to 20, inclusive,
mature May 1, 1925, $1,000.
Bonds Nos. 81 to %, inclusive,
mature May l, 1926, $1,000
Bonds Nos. % to &c, inclusive,
mature May /, 1927, $1,000.
Bonds Nos q to 30, inclusive,
Bonds Nos. 81 to "a, inclusive,
mature May /, 1929, $1,000.
Bonds Nos. IS to 80. inclusive,
mature May 1, 1880, $1,000.
Bonds Nos. 40 to "A. inclusive,
mature May 1, 1881, $500.
Bonds Nos. As to so, inclusive,
mature May l, 1882, $1,000.
All of which said bonds shall bear
Interest at the rate of five per cent
per annum, payable semi-annually,
except the first coupon, which shall
be annual. on the first. day OF May
and November Of each and every
year until the complete payment OF
the principal sum thereof, both prin-
cipal and interest to be paid at the
Office of the Covngton Bank 4 Trust
Company. of Covington. Louisiana.
the interest on said bonds to be evi-
deneed by proper coupons attached
to each bond with 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 be printed by the presi-
dent of this Board and shall be sub