The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1917-08-25
LEVEE BOARD PROCEEDINGS
Office Board of Commissioners, 9Th
Louisiana Levee District

was called 10 meet IN special SeSSlO
by the president for the purpose o
considering means of raising fund
to meet the Mississippi River Com
misson's requirements under tn,
the Flood Control Act, at its domi
cile this day:
The Board was called to order al
11:30 o'clock and the roll called
there being present the following
Commissioners: F. H. Schneider,
East Carroll; R. X. Boney and T.
P. Kell. President, Madison; G. C.
Goldman, Tensas; E. C. Rhodes and
j. H. Lambdin, Concordia; absent;
B. F. Young and E. j. Hamley.
A quorum being present, the
board proceeded to the business for
which it was called. Reading of
of previous meeting was
dispensed with.
On motion of Commissioner Gold
man, seconded by Commissioner
Schneider, the following resolution
was adopted:
Be it resolved, that the President
Of this Board is hereby authorized
to borrow from the First National
Bank, of Lake Providence, the sum
IF S25, 100000, to be paid out of the
-evenues of the year 1928, with int
crest at the rate of six per cent per
lnnum.
Major F. M. Kerr, Chief of Engi-
leers. in a letter explained that
IN engagement at another place
prevented him from being present
t the meeting. He explained that
nder the law the Board of State
Engineers could not set aside funds
0 meet the Flood Control Act, but
hat the fund as a state fund could
e used to meet emergencies as they
ccur in the district and other parts
f the state. Major Robertson being
resent. concurred in this opinion.
On motion of Commissioner Rhodes
,conded by Commissioner Schneider
lie following resolution was adopted |
y the board: II
Be it resolved, that this board
'ailing itself of the authority vested
it by Act No. 141 of the Acts of
lie legislature of the State of Lou
lana for the year 1916, entitled;
Act authoize the Board of Com +
lssloners for the Fifth Louisiana :
svee District to issue and negotiate
'nds not to exceed one million
l ,OOO.O 100000 dollars additional to 4
e issue authorized by Section IL. III
Act A of 1886 and by Act 1874, of II
e General Assembly of Louisiana. II
'sion of 1912, do issue its bonds to / II
2 amount OF one million Isl, 600 ii
O.OO) dollars; all of said bonds of II
: denomination Of one thousand II
| ,O0O.00) each; said bonds to be II
yable to Bearer" to be signed III
the President of this board Off
lily and attested by the signature
the Secretary and the Seal" of
board; to become due in fifty
ars." and to be payable at the
ion of the board in forty years
m the date of their issue: to bear
crest at the rate of five per cent
annum from the date of their
lie; said interest to be evidenced
coupons attached to said bonds:
able semi-annually, payable at the II
ice of the State Treasurer of
lisiana and subject to all the
ms, provisions and conditions of u
| Act l4l of the Acts of the Legis- IA
Ire os the State of Louisiana for ~
6, and for the purpose set forth
rein.
'e it further resolved, that the -
ceeding resolution and each and -
ry part and clause thereof, and Id
ry clause and part of Act l4l of
Acts OF the Legislature of the the
.e of Louisiana of 1916, be and the
are hereby constituted a part pre
the contract between this board Act
any and all future holder, or str,
ers of any of said bonds, of Tre
'ons, to be issued under the pro- Dor
ms of this resolution and said bid
141 of 1916. 7
E it further resolved, that the y
'dent of this board is hereby Dor
orized and instructed to have ]. I
thousand bonds. aggrgeating one n