The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-10-18
LEVEE BOARD PROCEEDINGS.
office Boardkof Commissioners, Fifth
Louisiana Levee District

the Fifth Louisiana Levee Distri
met in regular session at its domici
Tallulah, Louisiana, this day.
The Board was called to order
the president thereof at 1000 {
clock, a. m.
The roll being called, the followir
Commissioners were present, answerir
to their names:
+. j. Hamley and F. H. Schneide
East Carroll Parish.
R. X. Boney and T. P. Kell, Pre-
ident, Madison Parish.
b. +. Young, Tensas Parish.
E. c. Rhodes, Concordia Parish.
Absent: G. C. Goldman, Tensa
Parish and j. H. Lambdin, Concord
Parish.
The minutes of the regular meet
ing Of July 9, 1919, and of the meet
ing of August 4, 1919, were read ant
upon motion duly seconded were ap
proved.
The prtsid-nt state that in order
that the records oe tn. Board might
disclose precisely all proceedings
heretofore taken in connection with
bonds issued under the authority of
Act 141 of 1916, he and the secretary
had prepared statement, which he
presented and read to the Board and
which he suggested should be incor-
porated in the minutes. Upon motion
duly seconded, the statement was ap-
proved and ordered filed and spread
upon the minutes, the same reading
as follows, to-wit:
Tallulah, Louisiana, October 8, 1919.
To the Board Of Commissioners of
the Fifth Louisiana Levee District
Gentlemen:
For the purpose Of convenient ref
erence and completeness Of record,
we submit the following statement of
all proceedings heretofore had in con-
nection with the issuance and sale of
bonds under the authority of Act No.
l41 Of 1915:
On August %, 1917, the Board |
voted to issue bonds under the au-
thority of Act No. 141 of 1915 to the
omount of 81, 1000, 100000. The Board
ut that time directed that the bonds
be engraved as soon as possible and
to be dated October Is and April
Is, and the present members of the
Board were constituted a committee
and instructed to arrange for the
sale of $3.50, 100000 of the issue.
Bonds to the extent of O25O, 100000,
being $50 bonds of the denomination
OF 100000 each, numbered from
1901 to 1850, inclusive, were, under
the authority of this resolution, en-
graved, said bonds all being dated
october 10, 1917, and being in the !
form shown on the attached copy, |
marked Exhibit A." All of said i
bonds were deposited with the State I
Treasurer in accordance with the pro-
visions OF Act No. l41 of 1916, and :
were duly registered with the State I
Auditor in accordance with said act.
After inquiry, we found is neces-
1sry to dispose of only SIS, 100000 of
said bonds, which were sold as foil
ows: Il
On November %, 1917, 60 of the h
bonds, numbered from 1901 to 1860 il
inclusive, were sold to the First Ma
Esonal Bank, Of Vicksburg, Missis- "
Iippi, at par and accrued interest, or m
Tor total Of $50, 3OS.33. L
On November 80, 1917, s of the la
bonds numbered from 1861 to 1865. to
inclusive, were sold to the Citizens Of
pal Bank, Of Vicksburg, at par pr
fcrued interest, or a total of ar
80. ST
On January FL, 1918, 10 of said ur
'ends, bearing numbers 1866 to 1O75. tn
nciusive, were sold to the firm of be
1sisenberger & Friedler, of Natchez, su
l'ss'ssippi, for par and accrued in tn
'rest, or total Of $1O,133.33.
The bonds thus sold, aggregating Or
g 10000 in face value, were duly an
1tndradn from the state treasury tlv
= delivered to the buyers. There on
Named on deposit with the State DO
easurer the remainder of the bonds th'
1ravsd, being It's bonds, of the pr
neminstion Of 100000 each. bear. Co
, tie numbers Of 1915 to 1850. in an
Dsive. No
On July .. 1919. the Board adopted Sta
reeolution directing that 225 addi- 9th
~ bonds Of the denomination of
10000 each be autographed under yes
authority Of Act No. 141 of 1916 pay
! - offsred for sale together with OF
via. 100000 already photographed the
deposited with the State Treas tiol
= making = total of $4OO, 900. 90 and
- offered. a
- August (. 1919, at a special Boa
~ The Board approved the ac- obi
nee ef the bid of the Marine Il
- I'D Trust Company and the Con
sse1aI Trust and Savings Bank ana
~ Orleans for the purchase NJ corr