The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1919-11-13

Of the certain One Million Dollars, par
value, Of FIVE per cent Road Bonds Of
the Parish Of Bienville, received this
day, does not conform to the require.
ments Of the advertisement for such
bids or the requirements Of law, in
that same Is not accompanied by a
certified check for 2 IL per cent of the
par value Of said bonds, or Twenty |
five Thousand Dollars. now therefore,
Be 1t Resolved by the Police Jury of |
Bienville Parish, State Of Louisiana |
that said offer Of Terry Briggs & Com |
pany and Sidney Splitter & Company. |
jointly, be and the same is hereby de-
clared not to constitute a legal bid for
the purchase Of said bonds and not to
be considered as such.
On roll call the members voted as
follows:
Ayes-T. J. Wood d. NJ. White, J.
II. Corley, A. D. Smith and J. B. Loe.
Nays-NOne.
Absent-W. D. Golf and r. L. Colon
On motoin of 7. ]. Wood, duly
seconded by D. N. White:
WHEREAS, this Police Jury has
caused the certain One Million Dollars
par value Of Five Per Cent Road
Bonds Of the Parish Of Bienville, dat
ed October /, 1919, and maturing
serially OH August LIST of each Of the
years from 1920 to 1910, both inclusive,
to be advertised for sale OH scaled
bids to be received up to noon on this
Bird day of November, 1919. and salt
advertisement has been inserted and
published IN the Bienville Democrat, {
weekly newspaper published iii Tho
town Of Arcadia, in said Parish OF
Bienyille, in each issue Of said paper
} fer the full period Of Thirty days, no
counting the date upon which said ad.
vcrtisement was first published Or the
date Of receiving bids; and
WHEREAS, the only bid received fol
, the purchase Of said bonds was filed
. by the Interstate Trust and Banking
Company of New Orleans, which sale
bid conforms in all respects to thu
terms Of said advertisement and to thu
: law OH the subject, and is in the fol
Y lowing form:
| Arcadia, La, Nov, 3rd, 1919.
Hon., A. D. Smith. President,
e Police Jury Parish Of Bienville,
l. State Of Louisiana.
Gentlemen: In accordance Wit
S your advertisement for bids for tn
q purchase of the One Million ($1,O00
h 0O0) Dollars par value Of Five Pc
:. Cent. Road Bonds of the Parish o
a Bienyille, terms and conditions as NOR
e fully set forth in the attached cop
d If said advertisement, we hereby bi
e for said bonds Par and interest a
crued from the date Of the bonds t
'e late Of delivery to us. plus premium
If # Ten Thousand ($10,0O00O) DO
g lars.
IL This bid Is made without any cond
!" tions'as to the legality Of the proceet
ings to date leading up to the lssuant
LII of said bonds. and the Police Jury vi
agree to adopt the necessary resol
tions and to perform other necessal
Is acts to effect legal delivery Of Il
ly bonds to us. We agree then TO accel
Of delivery and pay for said bonds ii
tn mediately.
u The Police Jury will agree to nan
" the First National Bank Of Arcadl
ne Louisiana, Bank of Saline, sam
Mt Louisiana, Commercial Bank OF A
VI cadia. Arcadia, Louisiana, First n
a. tional Bank Of Gibsland, Gibslal
w Louisiana, Bank Of Bienville. Bic
~ vile, Louisiana, Bryceland State Bar
III Bryceland, Louisiana, Castor Sta
Bank, Castor, Louisiana and the Ba
81 Of Ringgold. Ringgold, Louisiana
some other bank in the State OF Lou
re lana, at our option, the fiscal agent !
the proceeds Of these bonds and
taxes collected from year to year
the payment thereof, without int
nc est, except that after the amount
Tie the proceeds of these bonds first
as posited shall have remained on
posit for an average period OF TWEEN
III four (24) months, the parish is to
ma ceive Three Per Cent. 90 per amt
M OH daily balances of the RENAME
"a thereof.
:. ." We agree TO deliver to the Par
,ed of Bienville at par and accrued
~. terest the outstanding Road Distr
" Bonds Of the Parish Of Bienville, ST
,,r Road District issue amounting
INV sixty-two Thousand (62,OOO) Dolla
ha these bonds to be paid for and tai
~ up out Of the proceeds of this issue
We agree to pay all expenses In G
~ nection with attorneys fees and pr
" Ing of the blank bonds required 3.
,s It is understood that the primer
Is, Of said bonds and the coupons
, .h, semi-annual interest on said bonds '
~, be payable at the Interstate Trust
~, t Banking Company, New Orleans,
n
IN; ;na the First National Bank OF New y
a ,e or at the office of the Treasury OF
'od Parish Of Bienville, at the option
os the holders thereof
9" We are attaching hereto our certll
,,oo check for Twenty-Five Thousa
, al (s25,O0O) Dollars as evidence OF
art lgood faith.
tho Respectfully submitted.
or. INTERSTATE TRUST & BANK
COMPANY,
sor (signed) G. Rives, Jr., V.-P
ids THEREFORE,, Be 1t Resolved,
viz, ,.' the Police Jury Of the Parish OF B
lice vile. State of Louisiana; That s
,ro. above recited bid of the lnters,
,ar Trust & Banking Company OF I
Orleans, for the purchase Of said
"a Million ($1,OO0,OO0) Dollars par
ond ne Of the Five Per Cent. Road 30
4