St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-05-25

Section 2. Be it further 60,
led. ETC., That said bonds sh.l, Z. ~
the form Of and set forth in ~ \. n
lowing words and figures. A. g. o.
signed by the President of the p.,s.sI
Jury and attested by the Sec,ss.assS
OF the Police Jury. to-wit:
UNITED STATES OF AMEnac. I
Public Improvement Bond ~ n 81
Parish OF st. Tammany, go, -
Of Louisiana. IN n
100000 u .ooA Z.
The Parish of St. Tammanv ~. go
OF Louisiana, for value received hsss n
by promises to pay to bearer On ~.
1at day of July, 10. :, the sunr p
100000 in gold coin Of the JIni,ss
States of the present standard p 1
coinage, with interest thereon Il ~
rate of five 60 per cent per arkrr I
from the LIST day OF July, 1918. ~ {
payable semi-annually on the III de,
Of July. and on the 31st day Of ~
cember of each ana every year -.
cept the first coupon which win
payable one year after date. ~.
the presentation and surrender = j
the coupons hereto attached . -
same shall mature. The princ,nei
and interest on this bond il msde
payable at the ONCE Of the GOWN.
ton Bank & Trust Company, Of Co1.
ington, Louisiana.
This bond il one Of q seriea y
twenty-four bonds, numbered from
to "a, inclusive, of the denominatioa1
of One Thousand $4,000 Dollar
each, and aggregating $24,0o0.00, -
sued by the Parish of st. Tammany.
State of Louisiana, for the rurpoee
of constructing, maintaining aaa
operating cattle dipping vata IN ~
Parish Of st. Tammany, as required
by lay. by virtue of the authority:
conferred by Article 232 and pam
graph 4 of Article 281 Of the Cor
stitution, and Act No. 50 Of the
General Assembly of the STATE az
Louisiana for the year 1915, and the
said bond was especially authorized
at a meeting of the Police Jury held
at Covington, Louisiana, ON the 18th
day of April, 1918, in sccordanee
with said act.
The debt represented by the aid
"a bonds was incurred and the bonds
were issued by virtue of the authori-
| ty conferred by the Constitution and
Act referred to and conforming 70
| the results of an ordinance voted u
the Police Jury of st. Tammany
Parish, on the 18th day Of April.
1918. authorizing the Police Jury d
the said Parish to levy each year
from out of the taxes the said POLES
Jury is authorized to impose under
| the Constitution the sum of one IL
mill on the assessment of the proper
ty of the Parish of st. Tammany
or so much thereof as shall be suf.
ficient to pay the principal and h
| terest on said bonds in accordaneG
with law, and it is certified that all
| of the acts, conditions and thing
necessary to be done precedent "a
| the issuance of this bond and Other
| bonds OF the series In order to mako
! them legal, binding. and valid oblt
cations of the Parish Of st. Tam
many have been performed in d1l
form as required by law, and TIL
the legal indebtedness of said bond
of the Parish of st. Tammany, II
Guiding this issue of bonds, does mol
exceed the constitutional and statu.
tory limitations OF Indebtedness.
In witness whereof the Police Jury
as the governing authority of said
Parish, has caused this bond to d
issued, signed and sealed with tn
corporate seal of the said st. Tam
many Parish, State of Louisiana. ~
| Of which were affixed hereto by ii
President and Secretary on behalf
of said Parish ON the LIST day 81
July, 1918.
J. B. HOWE,
President Police Jury.
F. ]. MARTINDALE,
Secretary.
Section 3. Be it further ordain.
ed, etc., That the Parish Of st. Tam.
many, State of Louisiana, shall d
and remain obligated to the pay
ment of said bonds and indebted.
ness with the interest thereon and
this ordinance authorizing the issu.
ance thereof shall be and remain
irrepealable so long as any Of said
| bonds and interest coupons shall r..
main outstanding and unpaid and tn
passage Of this ordinance. ahall con.
stitute q contract between the hold
er or holders of said bonds and thl
Parish of st. Tammany, Lou.siana.
and shall remain inviolate and d
law or ordinance shall ever b pa1D,
ed relieving the governing authority
Of said Parish from the obligation
Of annually levying such millage
hereinafter dedicated and pledged
and paying the same on the intereel
and principal of said bonds.
Section 4. Be it further ordain-
cd, etc., That the Polica Jury hefeby
irrevocably pledge and dedicate thu
said surplus Of one ~ mill. or -
much thereof as may be necessary
to the payment Of the bonds above
said, until the same shall be retired
in principal and interest, and such
pledge and dedication shall be and
remain irrepealable by any oshes
governing authority Of the Pariah q
st. Tammany, until the said bonds