The Era-leader., 1919-01-23
ORDINANCE NO. -
NJ. A. THIGPEN.

Whereas, an election was held in
the Parish of Washington on Tues
day, the 21th day of August, 1918,
IN accordance with ordinance of the
Police Jury No. -, of the 5th day of
July, 1918, and notice of the same
published according to law; and,
Whereas, the question submitted at
the said election was to determine the
proposition to incur debt and issue
and sell negotiable. semi-annual, in
terest-bearing, coupon bonds of the
Parish of Washington, Road District
NO. /, in the sum of Five Hundred
Thousand ($5OO,OOO.O0) Dollars, evi-
denclng such Indebtedness, the
amount of said bonds, together with
all the other bonded Indebtedness.
being less than ten lO) per cent of
the assessed valuation of the prop-
erty within said Parish and Road Dis.
trlct, as shown by the assessment
rolls of said Parish last completed:
, the said bonds to bear interest at the
rate of five (5) per centum per an
mum, interest payable semi-annuallv,
to run for period of TWENTY-FIVE
(25) years from the date of the
bonds, and the principal and interest
to De payable at such places as the
governing authority may determine,
and both the principal and the inter-
est to be secured and paid by suf-
flclent tax levied and collected each
year in accordance with the provi-
sions of Article 281 of the Constitu-
ton and of the laws of Louisiana.
The incurring Of such debt to be for
the purpose of constructing system
of public roads and the bridges there
on within said Parish of Washington
and said Road District No. 1, the title
to which shall vest in the said Par
ish. Which said proposition was law
fully carried at said election, as
shown bv the process ~orbal exc
cuted and signed by the Police Jury
on the Both day of August, 1918, Of
tAc c%avc.s of returns; and,
Whereas, the result of said election
has been duly promulgated on the
3Oth day of August, 1918, as re-
quired by law, and Section 10 of Act
256 of 1910; and no contest has been
filed;
Whereas, the said Police Jury of
said Parish of Washington, recog-
nized by law, and Articles 2S1 and
291 of the Constitution of 1898 and
1913, and Act 256 of the session Of
the Legislature of 1910, and amend
ments, to be the governing authority
through whom such bond issue shall
be proceeded with; now, therefore,
Section l. Be it ordained by the
Police Jury Of the Parish of Wash
ington, in lawful session convened.
that the President and the Secretary
Of this Police Jury shall be author
lied on behalf of the said Parish of
Washington, acting for and in the
name of the governing authority, the
Police Jury, and are directed to incur
debt to the amount of Five Hundred
Thousand ($500,OOO.OO) Dollars and
to make and sign negotiable bonds
therefor, numbered consecutiveiy
from one (1) to five hundred (5O0).
the first of which shall become due
within one (l) year from it's date,
and the last of which shall mature in
the year 1943; and which shall draw
interest at the rate of five 90 per
centum per annum from October 1st.
1918, payable semi-annually, on the
lst day of October and April, with
the interest coupons attached to each
bond; and said bonds shall not be
sold for less than par.
Section 2. Be it further ordained
ETC., That the proceeds of said bond
issue. when negotiated, shall be de-
posted in the treasury of said Par
ish, and there shall be and remain a
trust fund to be used for the pur-
pose only that the same was levied
and collected, to-wit: For the pur-
pose OF constructing a system of pub
llc roads and the bridges thereon
within said Parish of Washington and
Road District No. /, title to which
shall invest in the said Parish.
Section 8. Be it further ordained.
etc., That three 81 mill tax on all
The taxable property in the Parish of
for the year 1918, for the
purpose Of paying and retiring the
semi-annua] interest accruing on said
bonds and becoming due and pava-