The Natchitoches enterprise., 1919-12-18

Against the ordinance: None.
Which ordinance is in the words and
figures as follows:
ORDINANCE No.
OF the Mayor and City Commission of
the City of Natchitoches, Louisiana.
An ordinance proposing to incur debt
and issue bonds of the city of Natchi-
tlches, State of Louisiana, for certain
purposes, and ordering special cleo
tlon for the purpose of submitting to
the property taxpayers of said city.
the propositions for said purpose.
Section l. Be it ordained by the
Mayor and City Commission of the
city OF Natchitoches in the parish of
Natchltoches, State of Louisiana, that
1t Is necessary to incur indebtedness in
SAID city of Natchtoches at the rate.
IN the amount and for the purposes
hereinafter mentioned, and appearing
IN the propositions hereinafter set forth.
Section 2. Be it further ordained
etc., that special election be, and the
same is hereby called and ordered to
be held in said city on the 9th day of
January, 1920, between the hours of
Z q. m. and p. m.
Section 8. Be it further ordained.
etc., that at said special election there
shall be submitted to the tax-pavine
electors qualified to vote under the con-
F:l!ssts0m end laws OF the state OF Lou /
isiana, the following proposition:
Proposition for Water and Light Plant
Improvement. Bonds.
10 incur debt aid issue and sell me- ;,
gotlable semi-annual interest bearing
coupon bonds of said city to the amounf
OF $sS, ,OW.OO, eighty eight thousand II
dollars, evidencing the said indebted
ness, Tor the purpose of providing funds
Tor the construction of water and lipht
plant Improvement, the amount of said |
bonds being less than 10 peplcent of |
the assessed valuation of the property
within said city, as shown by the as
sessment rolls of said city last com
pleted. Said bonds to bear interest at II
the rate OF per cent per annum paw
able semi annually and to run for a
period Of twenty (2O) years from the
date OF the bonds. and the principal
and interest to be payable at such
places as the governing authority NAV
determine and both principal and inter.
est to be secured and paid bv a sufi-
cient tax levied and collected in each
of the wears while all or any of said
bonds are outstanding in accordance 81
With the provisions Of Article 2al of II
he Constitution and the laws of Lou
siana.
Proposition for Sanitary Sewerage
System Bonds.
10 incur debt and issue and sell ne
,otiable semi annual interest bearing
oupon bonds of said city to the amount
t $l62, 10000, one hundred fifty.tw
housand dollars, evidencing the said
Indebtedness, for the purpose of nro- II
iding funds for the construction of all
anltary Sewerage System, the amountII
said bonds being less than 10 per
ent of the assessed valuation of the II
v0perty within said city, as shown nv
he assessment rolls of said cftv Last
ompleted. Said bonds to bear inter. IL
st at the rate of 5 per cent per annum.
ayable semi-annually and to run for
eriod Of twenty (2O) years from the II
ate OF the bonds, and the principal
I'D interest to be accured and paid bv
sufficient tax levied and collected in
lch of the years in accordance with
le provisions Of Article 281 of the
and the Laws of Louisiana.
Section 4. Be it further ordained.
c., that's notice of said special elec.
On be duly advertised for thirty davs.
accordance with law in the Official
'urnal of said city, the notice of the
ection to embrace substantially all
ings set forth herein, and to state
at the Mayor and City Commissiont
II meet in open session at Z O'Clock
m. on the 28th day of January, 1920.
q then and there proceed to open the
Hot boxes, examine and canvass theis
turns and declare the results of such
'ction, and make process verbal of
proceedings.
r the Issuance of Water and Liphtl(
Plant Improvement Bonds.
to incur debt Ill
issue bonds of the City
Natchitoches, Louisiana
fho amount nf x2QOOO m