Vernon Parish Democrat. (Leesville, La.) 1917-193?, 1919-05-31
Police Jury Report
la. May l9th. &c.

AuSHt Will ali AnSiHDcIS present, ana on
motion and second. the body went
into the regular work as a Police Jury.
The claim of L. W. Smart for the
loss Of one beef as result Of dipping
after examination Of the facts, on mo-
ton and second, was allowed in the
sum of $500.
The claim Of Vim. Hilton for sb.
loss of one COW as a result Of dipping
was considered and on motion was all
lowed in the sum of 5000.
The hour having arrived for the
opening of bids on the sale Of the
$225000.00 bonds Of this Parish. as
per Ordinances and resolution of the
Police Jury and the published notice
by the body to receive such bids, The
body on motion and second proceeded
to open said bids. and there being three
bids same were opened and read, dur
ing consideration Of same the body
adjourned till one o'clock.
v. 0. Craft clerk Police Jury.
The Police Jury reconvened as per
adjournment with al members present.
The sale of the Bonds engaged the
attention of the body, and the Bid Of
W. L. Slayton and Co. being the high
est and best bid Offered. same was on
motion and second accepted which bid
is in words and figures as follows, to
wit:
May 10Th, 1919.
Honorable police Jurv Of Vernon Par
ish Louisiana. LeesviIIe La.
Gentlemen: For $225.000.0O Parish
of Vernon Louisiana Bonds TO be is
sued bv and sole obligation Vernon
Perish La. to bear date Of April Ist,
1919, to mature as vour attached print
ed statement saws they shall mature to
bear interest at he rate Of 500 per an
mum PAYABLE semiannually. both princi-
nal and interest being nayabIe at some
Bank in Leesville OF New York CITY.
Our Option, said securities to be as far
rs nossible in the denominations Of
$50000, we will pay you subject to
our Attorneys approval when delivered
to us in Toledo. Ohio. $225. 100000,
plus accrued interest to date Of de-
livery.
This bid is based upon information
contained in printed notice. copy Of
which you have furnished us in the
month Of May. and submitted with the
understanding that prior to taking up
and paving for said securities we are
to be furnished with a complete full
and satisfactory certified transcript Of
the record Of proceedings leading up
to and eliminating in their issuance
and delivery. satisfactorily showing. in-
cluding bond form and recital, full le-
gal compliance with all requirement.
said transcript to be furnished us with
in 20 days from date Of this bid-and
that such additional proceedings will
be taken by your secretary as our att
torneys NAV require.
The inclosed certified check for
$2250.00 is to be held as an evidence
of our good faith in event that this bid
is accepted. and surrendered at the
time we take up and pay for said se-
curities; and in the event that said bid
is rejected. or our attorneys decline to
approve said securities. said check is
to be Immediately returned to us.
Very truly yours,
W. J.. SIavton and Company
Bv E. F. Slayton.
honorable Police Jury Of Vernon Par
ish. Louisiana
Gentlemen: We attach orr bid dated
Nav 10. 1919 for $225.000.O0 Parish
of Vernon. Louisiana. Bonds to be is
sued bv and sole OBLIGATION Vernon
Parish Louisiana with the understand
ing and upon condition-which con-
dition IS hereby made part Of said
bid further that you allow us $t00
and accrued interest TO August 18th,
1919, for printed Bonds. thai the pro-
ceeds of the sale Of said $225 .000.00
is to be deposited with First State
Bank and West Louisiana Bank Of
Leesville La. or in some other Bank.
our option without interest. to said
Bank or Banks, said proceeds TO be
withdrawn from said Banks as follows:
AS work aetuslIv progresses. OF not
to exceed Sfo000.00 month. and
money shall be eouaiiv devided be-
tween Banks we DESIGNATE. further,
said Banks viii aoree to nay Police
Iurv Of Vernon Parish 2e6 on the
sinkino fund.
Very truly vours,
W Z. Slavsoo companv.
b. F F slavlon
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