The Natchitoches enterprise., 1918-08-22
Proceedings Police Jury
Parish Of NatchisOches, La, Au'
gust Meeting. 1918
MONDAY, AUGUST IL, 1918.

lOurnment july meeIiHB VIII ASoi
dent Salter presiding, and all members
present except Mr.. Tauzin, Mr.. Hart
and Mr.. Page.
Bids for the Fiscal Agents of the
Parish of Natchitoches received, open
ed and read, viz: Bid of the Exchange
Bank, of the Peoples Bank, and Mer-
chants and Farmers Bank of Natchito-
ches. La, and that of the Citizens Bank
of Campti, La, all bids being practi-
cally the same as that of the Exchange
Bank, which follows:
Natchitoches, La, August II, 1913.
To The Police Jury of the Parish OF
Natchitoches, La.
Gentlemen: Agreeable to your letter
of the Sth day ofJuly, 1918, asking that
we submit bid for the Fiscal Agency
of the Parish of Natchitoches for
period of two years from this date, We
beg to submit the following bid:
If we are appointed your Fiscal
Agent or one of your fiscal agents, and
your Honorable Body will now agree
and contract to have the Parish Treas
urer, Tax Collector or any and all 9TH
ers handling the funds of the Parish of
Natchitoches, or sny subdivision there
of, deposit all of such funds, In the
evert that we are sole Fiscal Agents,
or our Just pro-rata of such funds, in
the event that we should be appointed
one of several Fiscal Agents, IN this
Bank; then we agree that we Will ad-
vance to the Parish of Natchitoches.
through agreement with you, for the
use and benefit of the General Fund OF
the Parish of Natchitoches, all or our
just proportion of sum equal to the
estimated revenue to be derived from
the millage budgeted annually to the
General Fund by your body, the said
advance or loan to be made 1by the
cashing or purchase by US at par from
the hands of the holders thereof, of the
Parish Warrants ISSUED by the officia Is
of the Police Jury against the General
Fund and registered against US by the.
Parish Treasurer; we reserving the
right to increase, at our own option, the
limit above mentioned, if requested to
do so by you, without such increase
being considered as breaking a condi-
ton of this bid. And we agree further
to lend you all, or our just proportion
of such sums as may be needed for the
use and benefit of the Parish Bridge
Fund and the Parish Good Roads Fund,
in an amount not to exceed the estl- |
mated revenue to be derived from the |
millage which shall each year be budg- |
eted to these respective funds; due al |
Iowance for interest and other costs to |
be made when making this estimate, as
well as that on the General Fund; we
reserving the right, without rejudice,
to this bid or contract, to increase if |
we see fit and you so request. the lin
its above mentioned. We further agree
to pay you interest on all funds of the |
parish, or any subdivision thereof, |
while kept on deposit in our bank SUBJ
ject to the check of the Parish Treas
urer only at the rate of three per cent
per aunum.
Provided, That your Honorable Body
does contract and agree that there
shall be budgeted annually, during the
life of this contract, to the General
FUN, sufficient millage to meet the
expenditures against that Fund, and to
retire out of the 1918, 1919 and 1920
budgets all special or surplus or addi- i
tional loans that may have been made,
or which may be made, to you for the
use and benefit of the General Fund,
and that you agree and contract that
we shall be paid annually, in the month
Of January, interest at the crate of eight
per cent per annum on all Registered
Warrants against the General Fund Of
the Parish of Natchitoches, which we
shall have paid or cashed during the
previous calendar year; such interest
to be figured from the date on which
we actually cash or purchase such War
rants to the date on which the Parish
Treasurer shall redeem and pay such
Warrants; and that you agree and con-
tract to authorize the issuance of notes
bearing interest at eight per cent per
per annum for such sums as may be
borrowed for the use of the Parish
Go cd Roads Funds and the Parish
Bridge Fund, and that all taxes collect
ed shall be used first to retire to debts |
due your Fiscal Agents or Agent.
We beg to hand you herewith a
statement of our financial condition at
The close of business August 1st, 1918, |
and assure you of our ability to furnish |
bond as required.
Respectfully submitted,
Exchange Bank of Natchitoches, La
By A. w. Watson, President.
BY Mr.. Raphiel, seconded by Mr.
Furlow:
Be it ordained by the Police Jury of
the Parish of Natchitoches, La:
That the bids of the Peoples Bank.
the Exchange Bank. and the Merchants
and Farmers Bank of Natchitoches,
(La.) and the Citizens Bank of
Campti, (La) be accepted. That the
four named banks are hereby declared
Fiscal Agents for the Parish of Match
toches from August 18th. 1918, to Au-
gust 18th, 1920, under the terms and
conditions as set forth in above bid.
Yeas DIR. Jovner. Mr.. RaphieI. Mr..