The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1919-04-12


sienations of several teachers since
the last regular meeting and read the
resignation of Miss Erin O'Niell On
motion of Mr.. Ehrlich. seconded sb.s
Mr.. Legnon. sam were referred to the
superintendent to he disposed of as be
may see tit. Motion carried unanl-
mnusly.
A lengthy discussion was partici-
pated in by m 'mbers regarding the
improvements Of colored schools On
motion Of Mr. Ehi Itch. seconded by
Mr.. AcCardeli, and carried. it was
decided that Bills now Incurred be
paid, hut that no other bills be in
CUR. d until funds for such purposes
ha We been budgeted
The following c,mnunication from
the ST. Mary Bank 4 Trust Company,
was read:
Franklin, La, April 3, 1919.
Mr.. John c Clausen. President,
Parish Board of -choui Directors,
St. Mary Parish, Franklin, La
Dear Sir:
We are pleased to extend your
Board of Direc ors the following offer
with regard to moneys needed to Oper-
ate the st Mary Parish Schools dur.
ing the session ending April 8. 1920
We offer to lend the Parish Board
of School Directors money necessary
to operate the schools to April
1920
We offer to lend the Parish Board
of School Directors money necessary
to operate the schools to April 3,
1920, at the rate of four ~ per cent
| per annum, subject to the following
conditions:
First, That the St. Mary Bank &
Trust Company be made the deposit
tory of all fluids belonging to the
School Bard.
Second. That the st Mary Bank 81
Trust Company be required to pay no
interest % daily balances;
Third. That the proceeds OF all
special taxes shall be disbursed &C
cording to :. %, A. 256, of 1910, and
Fourth, That the St. Mary Bank &
Trust Company be reimbursed for the
above mentioned loans to the School
| Board out of the proceeds OF the rev.
enues received or collected for &C.
count Of the General Fund Of the
sch ,oi Board, during the years 1919
and l92)-and, at no time shall the
amount of moneys loaned to thu
school Board exceed the total amour,
of such revenues-and that it is undrr-
stood that all moneys collected u
account of said fund are hereby p!edg.
ed To Tue St Mary Bank q Trust
Company. to secure the amount loan.
ed by them.
Respectfully submitted,
WILSON MCKERALL, Pre- sideat
The following resolution was intro.
duced by MIR Ehrlich. seconded by Mr..
Jolley, and unanimously Carried.
Be it resolved that the School
| Board of the Parish of St. MARY &C.
cept the foregoing proposition of tn.
It Mary Bank 8 Trust Ct mpany.
BE it further resolved, that the
President of the St. Mary Parish
School Board is authorized to borrow
10 the name Of The ST. Mary Parish.
school Boar, a sum to pay any
uutes, interest and uver.irafts that
may DOW be owing The st. Mary
Bank & Trust Company, and 10 Dor
row from time to tune sums of Mpuey
sufficient for the Oueration and IA Lin
| ,enaace of the schools of st. Mary
| Parish
Be it further resolved, thai the
tPtesidrns 1t the st Mary Parish
| school Board is aashDr.xad TO pledge
for payment OF said loans, all the
revenues received or collected tor
account of the General Fund of che
! school Board for the years 1919 and
1920"
i On motion of Mr.. Ehrlich, sec
ended by Mr.. Mc!'ardelI, and unsni.
mpusly carried all bills approved by
4 the Finance ,,mmittee we're ordered
/ paid.
| The Board decided that the schools
iQt tha 2 Arisa s69ald b 4<lvsQ GQvq