The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-07-12
AN ORDINANCE

Ordering a special election in the Dry
Prong School District of Grant Par
ish, Louisiana, for the purpose of
submitting to the electors of the said
school district the question of bond
issue of Thirty Thousand Dollars
$3.50, 000 00), the proceeds of said
issue to be used to erect and equip a
school building in said school district.
Whereas. 1t is necessary and desira-
bic that funds be raised for the purpose
of erecting and equipping school
building in the Dry Prong School Dis
trict. Grant Parish, Louisiana; and
Whereas, 1t is the voluntary will of
this body to call the election herein
after provided for; and
Whereas, Article 281 of the Consti-
tutions of 1893 and 1918, and Act 256 of
the Legislature of 1910, as amended by
Act 2lS of 1912, declares the Parish
School Board of the Parish of Grant to
be the governing authority through
which the said school district may incur
debt and issue negotiable bonds for
such purposes when so authorized at an
election to be held in said district; and
Whereas, The assessed valuation of
the said district amounts to One Mil
lion, Three Hundred Thousand Dollars
Isl, 300, 00.00), and the existing bonded
indebtedness incurred under Article 28l
of the Constitutions of 1893 and 1918,
amounting to nothing, added to the
proposed indebtedness does not exceed
the constitutional limit of ten per cent
of the assessed valuation; and
Whereas, The special tax necessary
to be annually levied to extinguish the
proposed indebtedness will approximate
three mills, which added to the existing
special taxes annually levied under Ar
ticle 28l of the constitutions of 1928
and 1918, will not exceed the constitu-
tional limit of ten mills per annum on
the dollar of the assessed valuation of
the property of the said district; now
therefore
Section l. Be it ordained by the
Parish School Board of the Parish OF
Grant, in lawful session convened,
That an election shall be, and is hereby,
called to be held in the said Dry Prong
School District, in the Parish of Grant,
Louisiana, on the 10Th day of August,
1919, at which election the majority OF
the property taxpayers of the said dis
trict, in number and amount, eligible
to vote and voting, shall determine the
Proposition to incur debt and issue
bonds therefor in the Dry Prong Schoo
District, Grant Parish, Louisiana, te
the amount of Thirty Thousand Dol.
lars $3.50, 000.O O), to run for period Of
twelve years, bearing interest at the
rate OF five per cent per annum, pay
able semi-annually, the bonds hereto
fore voted to be retired and cancelled
but taxes collected on said issue to BE-
used to retire proportionate amount
of the present issue, the remainder Of
the present issue to be sold. and the
funds thus derived to be used for the
purpose Of erecting and equipping
school building at Dry Prong, in Dry
Prong School District, Grant Parish
Louisiana.
Section 2. Be it further ordained
ETC.. That the ballot boxes, necessary
blanks and other necessary parapher
malta shall be provided by the Secretar,
OF the Parish School Board, and b.
shall cause to be printed ballots for US,
in said election, in the following form
to-wit: