The Era-leader., 1919-11-06
;ssued at an election held on the 2lst
dow Of October, 1919, which will be-

come due on December 1st, 1920
and for the purpose Of providing Tor
the payment of the interest OF saio
bonds which will become due on
June 1st, 1920, and December ISL
1920, ana that copy of TINS oTal-
nance be forwarded both to the lax
Collector and the Assessor of the
Parish of Washington.
This ordinance having been sub
r,itted to vote, the vote thereon
was as follows:
Yeas-Messrs. O. E. Morris, l.. I.
Richardson, G. C. Knight, |. ).
Green, ]. A. Moore and Willie fu-
sell.
Nays-Nonc. ;,
And the ordinance was declared
adopted.
The following ordinance was OF,
fered by Mr.. L. T. Richardson, ana
seconded by Mr.. l. j. Green;
AN ORDINANCE
An ordinance providing for the
sale of the Three Hundred lS3oo'-
900 0O) Dollars of bonds, of the bo-
ealusa School District.
Be it ordained by the Washington
Parish School Board, acting as the
governing authority of the Bogalusa
School District, that the offer OF the
H;hernia Bank and Trust Company
Of New Orleans, Louisiana, for the
purchase of the Three Hundred
thousand ($3OO,OOO.O0) Dollars OF
bonds of the Bogalusa School DIS,
trict, dated December lst, 1919, ana
authorized at an election held IN SAID
School District on the 2lst day OF
October, 1919, for the purpose OF
purchasing, constructing and equip,
ping school buildings within salo
School District, be and the same is
hereby accepted, which said offer
was submitted to this governing au'
thority, by the said bank in writing
and which is in the following WORDS
| and figures, to-wit:
October %, 1919.
Washington Parish School Board
Franklinton, Louisiana:
Gentlemen-For your Three Hun
dred Thousand Dollars of bonds OF
the Bogalusa School District, datee
December /, 1919, and authorized a.
an election held in said School DIS
trict, on the 21st day OF OCTOBER
1919. for the purpose Of cosntruct
ING and equipping school building
within said School District, we VII
pay you the par value Thereon AM
accrued interest to date OF deliver.
to US. This offer is made subJec
to the following terms, viz: ,
| |. Prior to delivery of the bona
and payment therefor, you are e
furnish US the legal opinion OF MI
John c. Thomson, bond attorney o
New York City, approving the valio
| itv of this bond issue, and the Una
approving opinion Of the same attor
ney after delivery is completed an
pavment made under the terms o
this contract. =,
2. The funds arising from tn
sale Of said bond issue are to renal
on deposit with the Hibneria ban
and Trust Company of New Orleans
Louisiana, to be designated by ora
nance of your School Board as tn
;; fiscal agent for the depository Q
said funds, without interest, subJee
to check only for the purposes 10
which these bonds are issued. :.
3. We agree to furnish securlt
for the said deposits as required b
Act 2O5 of the General Assembly Q
the State of Louisiana for the yea
1912.
4. The principal and interest Q
,, said bonds are to be payable at tn
: office of the Treasurer of the Wasf
ington Parish School Board, .
. Franklinton, Louisiana, or at the OF
, ton of the holder at the Chase M
> rional Bank of New York, N. Y.
I 5. Certified check of $6,O00.o
5 is enclosed herewith to be held b
J YOU in case of acceptance OF tn
y offer and applied as liquidated dan
l ages in the event we fail to compl
= with the terms of this offer, othe
5 wise said check to be returned to u
: Yours very truly,
9 HIBERNIA BANK & TRUST CO
By P. H. WILKINSON,
. Bond Officer.
9 Be it further ordained, etc., tn
0 the President and Secretary Of tt
/ Washington Parish School Board, al
Q hereby authorized and directed to {
8 all things necessary, to make deli
4 erv of the said Three Hundred iho'
e sand $500, ,OO0.00) Dollars Of bon'
e to the said Hibernia Bank and Tru
a Company, of New Orleans, Louis
d ana, and to collect the purchase pri'
j. chereof. :,
= Be it further ordained, etc., tn
v N compliance with the terms of tt
e aforesaid offer, the Hibernia Bar
e and Trust Company of New Orlean
j. La, is hereby designated and MAJ
e the fiscal agent of all the funds
e the Bogalusa School District, arisir
d from the sale of the said Three HUI
n dred Thousand ($300,00O.O0) d.
4, lars of bonds; and that the said II
d cal agent shall furnish and execu
d security for the said deposits to tt
e amount of ..............- ($ $..-.....--.
r. Dollars, as required by Act 205
the General Assembly of the Sta
% of Louisiana, for the year 1912.
l. This ordinance being submitted
A. E.