St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-10-12
ELMER E. LYON,
Secretary.

Ordinance by Mr.. Geo. Koepp, Jr.,
seconded by Mr.. J. NJ. Smith:
Whereas, on the 9th day OF
August, 1918, an election was held
in Road District No. OF the Parish
Of st. Tammany, which authorized
the governing authority OF said Road
District to issue bonds aggregating
One Hundred and Fifty Thousand
($15O,OO0) Dollars, for the construc-
ton of public roads and highways IN
| said Road District; and,
Whereas, it is shown by the pro-
| mitigation of the returns of the said
election, authorized this day. that
this Police Jury, as the governing
| authority OF Road District No. l OF
the Parish OF St. Tammany, was au-
thorized to issue bonds aggregating
One Hundred and Fifty Thousand
| ($150.000) Dollars; and,
| Whereas, the Assessor OF the Par
ish of St. Tammany has certified that
the assessed valuation of Road Dis
| trict No. of the Parish Of St. Tam
many for the year 1917, being the
last assessment roll filed at the time
the said election was called and held
was $2,862,391, and that an indebt-
edness of One Hundred and Fifty
Thousand (S15O,000) Dollars, and
bond issue representing said indebt-
edness is less than ten per centum
of the assessed valuation OF the prop
erty in Road District No. l OF the
Parish OF St. Tammany; and,
Whereas, it is certified by the
Treasurer Of the Parish of st. Tam
many and by the Treasurer of this
Road District that TOAD District No.
| of the Parish of St. Tammany owes
no debts.
Therefore be it ordained by the
Police Jury, acting as the governing
authority of Road District No. l OF
the Parish of St. Tammany, that COM
plying with the terms and conditions
of Act No. 80 OF the extra session OF
the General Assembly for the year
1917 and Act No. 256 of 1910, it
hereby authorizes the mourning OF an
Indebtedness of One Hundred and
Fifty Thousand ($150,00O Dollars
in said Road District for the pur-
pose Of constructing, improving and
maintaining public roads and high
ways in said Road District No. l, and
to represent the said Indebtedness
the said Police Jury hereby author
ICES the issuance of One Hundred
and Fifty-Eight l58) Negotiable
Bonds, numbered from one % to
one hundred and flfty-eight (15S) in
Inclusive. OF which Nos. l. 2, 4, 5, s,
II. 8, 9, 10, II, IL, 13, "A. Is,
III, Is, 10, Fl, %, %, Is, 26,
t27, %, 20, 80, 81, 80. 80. "a, 50, So,
3s. 80. 40, Al. 43, A, As, 46,
48, ~, SO. 81, So, So, 81, 55, Sc,
81. IS, SO, 50. 81, 81. 81. IS, Sc.
81. IS, 20, II, u, 10, "A, IS, IS,
III, Is. 70. 80, 81, SO, "a, 50, Sc,
81, So, 30, 81, 90, 80, "a, 50, SO,
81. 50, 80, 100. 101, 102, 103,
HOS, LOG, 107, 108, 100, Ito, Ill,
Ills, IA, lis, 116, lit, lis,
l19. 12O, 121, 122, 1913, 124, 1875,
1875, 1877, 1913, 100, 131, 1872,
133, 134, 1876, 1876, 1877, 1913, 139,
lao, 141, 142, 143. LA, 145, LAG,
147, 149, $50, ISL, 1852, 153,
1854, 155, 1876 and 157 being of the
denomination of One Thousand Dol
airs each, and Nos. 3, 16, 20, "a, 81.
AZ. ~, SO, 50, 50, 80, 104, liz, 12s,
: 148 and 1853 being OF the denomina-
ton Of Five Hundred Dollars each
aggregating One Hundred and Fifty
Thousand ($150,0OO) Dollars each
% of said bonds being dated October l
1918, and bearing interest at the rate
Of five 90 per centum per annum
from date until paid, said interest
being payable semi-annually on the
rat days Of April and October of each
year, and having attached thereto
semi-annual interest bearing coupons
to represent said interest.
Be it further ordained that these
bonds shall be paid at. ...........
or ............, at the option OF
the holder.
That the form Of said bonds is tc
be in substance as follows:
UNITED STATES OF AMERICA
State Of Louisiana.
I4........ $........
Public improvement Bond
L Road District No. 1
Parish Of St. Tammany
: Road District No. of the Parish
LOT St. Tammany, State of Louisiana
for value received hereby promises
to pay bearer on October list, 19.
the sum of ..............D Dollars
4, l($..........), in gold coin Of the
: United States, of the present stand
: ard of coinage, with interest thereon
at the rate of five go per centun
per annum from the first day O.
! October, 1918, payable semi-annual
ly on the first days Of April and DC
! tober of each and every year, upo1
the presentation and surrender O
| the coupons hereto attached as thu
same shall mature. The principa
1 and interest on this bond is mad,
payable at ....... O
/ | at the option