St. Landry clarion. (Opelousas, La.) 1890-1921, 1918-01-26

TO meet your annual budget appro-
priations and in advance of the coll
!, leetions of your annual revenues,
Provided, the Treasurer Of the
Parish Board Of School Directors
will deposit with this bank all
funds coming into his hands on be-
half of the Parish Board of School
Directors during the life of this
contract, whether from the sale or
Bonds or otherwise.
Yours very truly.
ST. LANDRY STATE BANK.
By L. T. Castillo, Cashier.
Sworn statement of Resources and
Liabilities at the close Of business
Jan. list, 1918, attached, to the st.
Landry State Bank bid.
Opelousas, La.
Jan, 7th, 1918.
To Parish Board Of School Directors
St. Landry Parish, La.
Gentlemen:
In conformity to your call for
sealed bids from any bank in the
parish Of st. Landry to act as fiscal
agent Of the School Board of st.
Landry Parish for the two years
beginning Feb. 1, 1918, as per notice
published in the Star-Progress, we
beg to submit the following bids:
This Bank will act as YOUR fisca.
agent for the term mentioned N
your advertisement and in accord
ance with the laws Of the State d
Louisiana upon ths following
terms:
First: We will pay three per cent
per annum on your daily everage
deposits during the existence of
this contract.
Second: Will charge you 8 per
cent per annum on advances and
loans equal to said daily average
balance. and will thereafter charge
you 7 per cent per annum for sur
loans as you may require to meet
your annual revenue, provided your
Treasurer will deposit with this
bank all funds coming into his
hands from any source whatever
and for your account during the
life of this contract whether from
the sale of bonds or otherwise.
Yours truly,
Planters Bank and Trust Co,
By Robert Chachere, Pres.
No statement of resources and
liabilities attached.
Mr.. Bertrand, duly seconded,
moved that the bid of the Planters
Bank and Trust Go. be accepted.
Vote on this motion was as follows
YEs-Daly, Horaist, Fogleman,
Baker, Bertrand and Lyman. NO.
Larcade and Hawkins.
Mr.. Larcade and Mr.. Hawkins
stated that they voted NO because
the bid was not in conformity with
Act 205 of 1912, as the bid was not
accompanied with a sworn state
ment Of the banks resources and
liabilities.
Mr.. Hawkins, duly seconded,
moved that the bids be submitted
to the attorney of the board and in
the event that the bid of the Plan
ters Bank and Trust Co. was found
to be irregular and not in conforms
ity with the law, that the contract
for the fiscal agency was TO be ad-
Indicated to the st. Landry STATE
Bank and the president and secre-.
tray be authorized TO enter into a
contract with the st. Landry State
Bank as fiscal agent of the Board
for the two years beginning Feb.
tst, 1918, according to the terms Of
their bid. Voted on motion: YES
DAILY, Larcade, Horaist, Baker. Fog
leman, Hawkins, Bertrand, Lyman.
Unanimous.
The matter Of bids was SUBMIT
cd to the attorney of the Board.
Mr.. Garland, who declined 70 act
as he was the attorney for the
Planters Bank ard Trust Co. as |
also Of the Board. but in agreement
with Mr.. Lewis, attorney for the
st. Landry State Bank, selected and
agreed to abide by the decision Of
Hon. f. B. Dubuisson, on a state
.ent of facts by the Secretary.
Mr.. Dubuisson's written nninionI