The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1918-08-17

ISt. Mary. State Of Louisiana. on tn 22n
lay Of May, 1917. the following PROPOSE
ton vas submitted to the vote of the drop
erty taxpayers of the said school d. .trict
qualified as electors under the Cor ,titu
ton amt laws of the State of Lou, lana
tO.wit:
proposition to incur debt and issu
bonds of the Morgan city School District
Parish OF st. Mary. State OF Louisiana. Il
the amount OF Sixty Thousand $6D.hW.N
Dollars, running through 4 period OF rhir
~ 500 years. bearing interest at the rat
| of Five per cent. per annum, interest pay
| able annually, aud issued in such denOm
nations and payable at such times ~ il
authorized by the Constitution ani law,
Of the State of Louisiana, especially Sec
ton % Of Act No 2jG, of the General As.
sembly of the State Of louisiana for the
year 1910.
The funds to be realized from the in.
curing of said debt and thu sale of SAID
bonds to be used Tor the purpose of pur.
chasing building site. Or sites, and the
building thereon OF one, or more, addition :
| al school building, or buildings, III said
School District as may be selected and
determined upon BY the School Board
and TO furnish. equip and maintain the
| same when SO constructed: the title to all
| OF which shall vest in the School Board of
the Parish Of st. Mary, State of LOUIS
lana"
And whereas, the incurriug of said debt,
and the issuing OF said bonds was duly
and regularly authorized by the vote Of
the ms1Ority in numbers and amount Of
the property taxpayers Of said School
District voting ut said election, is will
more fully appear by reference to the res.
Olutiou OF the School Board OF the Parish
of 1T. Mary Of date May 18th, 1917, pro-
mitigating said election.
Aud whereas, under the CONSTITUTE ton
aud laws Of the State Of Louisiana. it is
necessary that the school Board OF the
Parish u st. Mary. La, should incur said
debt aud issue said bonds Of said School
District. Now therefore
SECTION I. Be 1t resolved by the School
Board Ut the Parish Of st. Nary. state of
Louisiana. in special session convs ned for
tue purpose. that debt of Sixty III ,usand
Dollars &60 ,OOU.0J) bs. AMI the same Is,
hereby incurred for, in the name Of. aud
on behalf OF the Morgan City School Dis.
trlct Of the Parish OF st. Mary, State of
Louisiana; and rs evidenciug said debt
negotiable bonds be. and they are hereby.
ordered and authorized to be issued IN the
amount OF Sixty Thousand Dollar, $50.
tWOO' bearing interest at the rat. Of Five
t0' per cent per annuIn, interest PAYABLE
annually, to run for u period of thirty 1907
years, and issued in such denominations.
and payable III such times as hereinafter
designated. IN conformity with the Con-
stltutiOn and laws Of the State of l.o,lis.
lana, especially section q Of Act No .l;
OF the General Assembly Of the State of
Louisiana for the year 1910; aud that the
whole Ut the funds realized from the in.
curing OF said debt and the sale Of said
bonds be used Tor the purpose OF purcha,.
Ing building site or sites. and the build.
lnS thereon OF one. or m IRE. additional
school building or buildings. III said school
District. ~ may be selected aud determin.
ed upon by the School Board of the Parish
OF 81. Mary, Louisiana. aud to furnish.
equip and maintain the sa;ae when s cOu.
ST. ucted; the title to aii Of which shall vest
IN the school Board Of the Parish of ST..
Mary. State Of Louisiana.
SEC No. 2. lie it further resolved, etc,
That John Z. ClauseH, President. and
Chas. Gott, secretary IT the School Board
Of the Pallsh Ut St. Mary. Louisiana. be.
aud they are hereby authorized. empower
ed aud directed to have prepared, and TO
sign sud execute under the seal of the
School Board OF the Parish Of st. Mary
state OF Louisiana. expliabie bond. to lse |
known aud designated as ''>ch0Oi bonds !
Ut the Morgan City School District of the
Parish Ut 1t. Mary, State 0f Louisiana"
said bonds to be Of the denomination Of
FIVE Hundred Dollars ($5DU UU) each. to BE- |
one hundred and twenty u2Cj in number.
luu 70 U0 uumD0reU from one to one |
hundred and twenty inclusive LI to 1921
aggregatiRg the sum Of sixty Thousand
Dollars. 4 ~. O)O.OO dated August lst, l9lN. |
and bearing interest at the rate OF Five
per cent per annuan, payable xnnu lily on |
the trst day ut August of each an / every |
year after date thereof uHIl thu payment |
OF the ,princip,l sum, the principal aud
interest 10 be payable ut the uffice of the |
Treasurer Of the school Board Of the Par. |
ish Of st Mary. vt Franklin. Louisians.
or at ....". ....,......s ....................
ut the option Of the holder Of SAIL bond, |
or bonds: the Interest on said bonds to |
be eyiloaced BY coupons attached to said |
bonds. showing the amount of annual IN |
tefest due on each bond until its IN ,turity. |
said coupons however NAV be executed
by facsimile signature of the Presidept
and Secretary Of the School Board Of toe
Parish Of st. Mary, engraved or printed |
thereon. and said bonds shall become due !
aud pay able rs follows. to Wit:
Bond Numbers Aegregsting Date due aud
inclusiye IN AMOUNT payable
~ s!00W August LIST. !sl9
Sc 1000 LAT 1871
- WW 1St, 1872
AD pW . lst, 1923
lis!z lQ@0 - LIST. 1924
H.lS l5W lst, 1875
k.H l3VU :. lss, l9s6
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