St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-02-10

date and to bear interest at the rate
of five per cent 6 per cent? per an
mum, payable semi-annually on the
first day of August and February of
each and every year, said interest
evidenced by coupons attached to
said bonds, the first coupon being
payable on the first of February,
1918, and each subsequent coupon
being payable semi-annually, show
ing the amount of interest due on
each bond until its maturity, and
said bonds shall be dated February
l, 1917. and their form shall be
su bstantialiy as follaws:
United States of America,
State of Louisiana,
Parish Of st Tammany.
Public improvement Bond of SUD-
Drainage District No. 1.
of the
St. Tammany Drainage District No. l
sub-Drainage District No. of the
St. Tammany Drainage District No. l
of the parish of St. Tammany, State
of Louisiana, for value received,
promises to pay to bearer OH Febru-
airy 1st, 49,, the sum of
One Hundred Dollars ($1OO
Five Hundred Dollars ($5OO)
in gold coin of the United States, OF
the present standard of coinage with
interest thereon at the rate of five
per centum 6 per cent? per annum
from February 1, 1917, payable
semi-annually on the first day of
August and February of each and
every year, except the first coupon
Nhich will be payable one year after
date, upon the presentation and sur
render of the coupon thereto attach
ed as the same shall mature. The
principal and interest on this bond
is made payable at the Covington
Bank & Trust Co., of the city OF Gov
ington, Sta@ of Louisiana, or at the
This bond is one of series OF
two hundred and 1hirty-four bonds.
bonds Nos. to 233 inclusive being
of the denomination of five hundred
dollars ($5OO) each and bond NO:
234 being of the denomination OF
one hundred dollars ($10O), aggre-
eating one hundred and sixteen
thousand six hundred ($I-S,6O0)
dollars issued by Sub-Drains9Se Dis
trict No. 1 of the st. TafShany
Drainage District No. l of the par
ish of St. Tammany, State of Lou
isiana, and represents the cost Sst'f
mated by the Board of State En-
gineers to drain and reclaim the
lands situated in Sub-Drainage Dis
tLtric tho. l of the St. Tammany
District No. i, which it is
necessary to levee and pump in order
to drain and reclaim and said bond
is issued in accordance with the pro-
visions of Article 2S1 of the Con-
stitution of Louisiana and Act BIZ
of the General Assembly of the State
of Louisiana for the year 1910 as
amended The debt represented by
the said two hundred and thlrty-tour
bonds was incurred and the bonds
were issued by virtue of the authori-
ty conferred by the constitution and
acts referred to and on petition OF
land owners representing the total
acreage embraced in said Sub-Darln-
age District who petitioned that an
acreage tax or forced contribution be
levied to pay the principal and in
terest on said bonds and to main
tain the drainage of said lands in &C
corance with lazy, and it is certified
that all of thA-Acts, conditions and
things necessary to be done prece-
dent to the issuance of this bond and
the other bonds of this series in
order to make them legal, binding
and valid obligations of Sub-Drain-
age District No l have been per-
formed in due form as required by
law and that the Indebtedness of this
Sub-Drainage District, including this
issue of bonds, does not exceed the
constitutional or statutory limita-
tions of Indebtedness. 81
In witness whereof the Board of
Commissioners of the St. Ta,nmany
Drainage District No. 1, as the gov
erning authority of Sub-Drainage
District No l, has caused this bond
to be issued and signed and the cor
perate seal of the st. Tammany
Dlas.icage District No. 1 affixed here
to b. = president and its secretary
on behalf of Sub-Drainage District
No. l of the st. Tammany Drainage
District No. \. on this first day IT
February, 1917
Sub-Drainage DISTRICT No. of the
St. Tammany Drainage District
No. l. X
~
President
Secretary. "
(FOrm of First COupOn) y
No. ........ $.....
On the first day of February, 1918,
Sub-Drainage District No. l of the
St. Tammany Drainage District No.
1 of the parish of St. Tammany, Lou