The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-10-11

dred and Sixty Thousand (S16C ,00O. 90,
Dollars and to issue and sell negotiable
seml-annual interest bearing coupon
bonds to evidence the said Indebtedness
the said bonds to bear interest at the
rate of five per centum per aununl pay
able semi annually and the principal &
interest to be payable i'll such amounts
and at such places and times as the gov
erning authority may determine, The
whole issue to be paid within space OF
thirty years from date of the bonds and
both the principal and interest to be Sc
Cured and paid by a special acreage tax
or forced contribution to be levied and
collected each year for the full term OF
| thirty years. said tax being at the rate
OF fifty (50c) cents per acre per year, all
III accordance with the provisions of Ar
| ticle Isl of the Constitution OF the State
of Louisiana, the said Indebtedness and
| the proceeds of the sale of the said bonds
when sold according to law, are to be
used for the purpose of digging, con-
stucting and maintaining all such canals
and other works, the title of which shall
be i'll the Drainage Dristrict and to pay
all costs and expenses incident to the
. drainage of all lands within the said
| drainage district, and
Whereas process verbal of the OPEN
| ing of the ballot box the counting of
the number of ballots cast, both i'll nunl
| Der and amount and of the canvass of
, the returns of the officers of the said
special election, was Only made i'll trip
licate and copy duly forwarded to the
Secretary of State at Baton Rouge for
recordation, another filed with the Clerk
of Court and Recorder of mortgages for
the Parish of St Charles and the third
filed i'll the archives of this Drainage
Board and the result OF said special cleo
ton was duly promulgated by publica-
ton i'll two issues of the St CharEs Her
aid, wit on August 23rd and August
30th 1919, and
Whereas. there are "a I'll, SIS
acres in said drainage district and the
aforesaid debt and bonds to be issued do
not exceed i'll principal and interest the
aggregate amount to be raised by said
annual contribution or acreage tax of
Fifty (50c)cen per acre for thirty years
Therefore Be it resolved by the Board
Commissioners of the St Charles Parish
'Grabity Drainage Distsict No One ~
Ill regular meeting assembled, that for
and Oh behalf and acting as the govern
ing authority of the st Charles Parish
Gravity Drainage District No One a.
OF the Parish OF St, Charles, STATE OF
Louisiana, debt of One Hundred and
Sixty Thousand $500. O0J.UO) Doilars
be and the saline is hereby incurred, tor
the objects and purposes hereinafter
stated.
BE it further Resolved etc That to !
evidence the said debt there is hereby |
ordered to be issued One Hundred and /,
SIXTY tlbO) bonds nlmberec from one |
( l tto One Hundred and Sixty Q6Q) |
inclusive, each of the said bonds to be |
for the sun of One Thousand $4,000. 00) !
Dollars, and shall run for the full pc
Rod of thirty years from the Date of
the bonbs, according To plan OF redemp !
ton hereinafter mentioned.
Be it further resolved etc. That all of
saidOne Hundred aud Sixty (i60) bond
shall be dated December lst 1919 and i
shall bear interest at the rate of Five
ger per centun per annun from the
late OF the bonds unit paid, said inter
est to be payable semi annually on the
first day of June and the first day of
december or each and every year; while
he bonds herein ordered to be issued
ire Outstanding and unpaid and the said
interest to be evidenced by proper coup
ms TO be attached to the said bonds and
aid interest shall be payable upon the
and surrender of the said
coupons at the place OF payment to be
hereafter provided.
BE it further resolved etc That the
aid bonds shall begin to mature on the
irst day of December 1920 and shall be
ONE due and payable each and every
ear thereafter until the first lay of De
enlber 1919; III numbers and amounts
$ follows to wit;
ln,,I. |