St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-07-20

current expenses, and to pledge the
revenue of the current year for the
payment of such loans,
Therefore be it resolved, by the
members of this board that the presi-
dent thereof be and he is hereby au-
thorized to negotiate with the fiscal
agent, the sCovington Bank & Trust
Company, Of Covington, La, loan
of $4,000, or so much thereof as may
be necessary, to meet the expense OF
this board as outlined above, until
such time as the taxes shall be col
lected throughout the parish. Said
taxes are to be pledged and hypothe-
Gated according to law for the pay
ment of said loan as mentioned
above. The revenues pledged for
the payment of said loan are the
District No. three-mill tax pledged
for $4,000, the general fund pledged
for $4,000.
Be it finally resolved that the pres
ident be and he is hereby authorized
to execute any and all necessary acts
to carry these resolutions into effect,
and that said loan shall not mature
later than June 80, 1919, and be for
a greater sum of interest than 6 per
cent. Carried.
The following resolution was in
PRODUCED by Mr.. Millar, who moved
it's adoption. It was seconded by
Mr.. Evans:
Whereas, in the opinion OF this
board it is necessary and advisable
that special election be ordered to
be held in School District No. 10
of the parish of st. Tammany, La,
at which there shall be submitted
the following proposition, to-wit:
To incur debt and issue bonds to
the amount of $4,000 to run not
longer than ten years from date and
to bear interest not exceeding five
per cent per annum payable semi-an-
nually for the purpose of construct
ing and furnishing a public school
building at Abita Springs, La, and
purchase a site, If necessary, for the
asid school building within the said
school district No. 10, title to which
shall vest in the public
Be it resolved by the St. Tam
many, La, Parish School Board in
egal session convened, as follows:
Section l. That special election
De and the same is hereby ordered
to be held in School District No. 10
n the parish of St. Tasnmany, La, on
Tuesday, August 20, 1918, at which
there shall be submitted the follow
ing proposition:
Proposition.
To incur debt and issue bonds to
the amount Of $2O,0OO.0OO to run
not longer than ten years from date
and to bear interest not to exceed five
per cent per annum payable semi
annually, for the purpose of con-
structing and furnishing pubic
school building at Abita Springs, La,
and purchasing site, if necessary,
for the said school building, title tc
which shall vest in the public.
Section g. That the secretary of
this board be and he is hereby in
at said special election a sufficient
number OF ballots on each of which
shall be printed the proposition print
ed in section one OF this resolution.
arranged in such manner as to en-
able the voters to vote on each sep
arately and in the following form:
Proposition
To incur debt and issue I---I
to the amount of $4,000
to run not longer than ten Yes
years from date and to
bear interest not exceeding
five per cent per annum II
payable semi-annually for
the purpose of constructing
and furnishing a public II
school building at Abita No
Springs, La, and purchase
site, II necessary, for the
said school building within
said School District No. 10,
title to which shall vest in
the public i-i