St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-06-22

100000 $4,000
The Parish Of st. Tammany. etste
Of Louisiana, for value received here
by promises to pay to bearer On the
1st day Of July, ~. the sum Of
100000 in gold coin Of the United
States Of the present standard Of
coinage. with interest thereon ct the
rate Of Ave go per cent per annum
from the LIST day Of July, 1913. and
payable semi-annually on the Let day
Of July. and on the 31st day Of De-
cember Of each and every year ox-
cspt the hrst coupon which win be
payable one year after date, upon
the coupons hereto attached - the
same shall mature. The principal
and interest on this bond 10 made
payable at the once of the Coving-
ton Bank & Trust Company. Of Gov
ington. Louisiana.
This bond 10 one Of Q series Of
twenty-four bonds, numbered from !
to -, inclusive, Of the denominations
of One Thousand $4,000 Dollars
each, and aggregating $24.000.00. IL
sued by the Parish Of st. Tammany.
State of Louisiana, for the purpose
Of constructing, maintaining and
operating cattle dipping vata in the
Parish Of st. Tammany. q required
by lay. by virtue Of the authority
| conferred by Article 232 and para
graph 4 of Article PSI Of the Con-
stitution, and Act No. % Of the
General Assembly OF the State Of
Louisiana for the year 1915, and the
| said bond was especially authorised
at meeting Of the Police Jury held
at Covington. Louisiana, on the 19th
day OF April, 1918, In accordance
with said act.
The debt represented by the oaid
"a bonds was incurred and tho bonds
were issued by virtue Of the authori-
ty conferred by the Constitution and
Act referred to and conforming to
the results Of IN ordinance voted BY
the Police Jury Of st. Tammany
Parish, on the 10th day Of April.
1918. authorizing the Police Jury Of
tho said Parish to levy each year
from out of the taxes the said Police
Jury is authorized to impose under
the Constitution the sum Of one (1)
mill on the assessment Of the proper
ty OF the Parish Of st. Temmany
or 30 much thereof 90 shall b sui
dcient to pay the principal and In
terest ON said bonds in accordance
with law, and It 10 certified that all
Of the acts. conditions and things
necessary to b done precedent to
the issuance Of this bond and other
bonds of the series in order to make
them legal. binding. and valid obli-
cations Of the Parish OF st. Tam
many have been performed In due
form as required BY law. and that
the legal indebtedness Of said bond
of the Parish Of st. Tammany, in
Guiding this issue Of bonds, doea not
exceed the constitutional and stAtu-
tory limitations Of indebtedness.
In witness whereof the Police Jury,
a. tho governing authority Of said
Parish, has caused this bond to b
issued, signed and sealed with the
| corporate seal of the said Ct. Tam
many Parish, State Of Louisiana, all
fof which were adlxed hereto by it,
President and Secretary on behalf
Of said Parish on tho LIT day OF
July. 1918.
J. ID. HOW'RE,
President Police Jury.
I r. J. MARTNDALN,
Secretary.
Section 3. Be It further ordain-
ed, ETC., That the Parish Of sc. Tam
many. State Of Louisiana, shall b
and remain obligated to the pay
ment Of said bonds and indobted-
ness with tho interest thereon and
this ordinance authorizing the issu-
ance thereof shall bo and remain
irrepealable SO long - any Of eaid
bonds and interest coupons shall re-
main outstanding and unpaid and the
passage Of this ordinance ahall con-
stitute q contract between tho hold.
Or or holders Of said bonds and the
Parish Of st. Tammany, Louisiana,
and shall remain tnviolato and no
law or ordinance shall ever b pass
ed relieving the governing authority
OF said Parish from the Obligation
of annually levying such millass
hereinafter dedicated and pledged
and paying the same ON the interest
and principal of said bonds.
Section 1. BE It further ofdain-
Cd. etc.. That the Police Jury horoby
irrevocably pledge and dedicate the
said surplus Of one ~ mill. Or 20
| much thereof % may be necessary
to the payment Of the bonds abeve
said, until the same shall b retired
in principal and interest. and such
pledge and dedication shall bo end
remain irrepealable BY any other
governing authority Of the Parish Of
st. Tammany, until the said bonds
are paid in principal and interest.
Section s. DO It further ordain-
ed, etc.. That said bonds shall b
sold for not less than the price now
or hereafter hxed by law, and shall
be first offered for sale BY calling
for sealed bids after dfteen dayS I'd
vertisement, and shall not be aold
for less than par. and for cash.
Failure to sell after due advertise
ment will be warrant and authority
to sell said bonds 1t private sale.
but not for less than the legal price
and for cash.
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