The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1919-07-26

I'VE will pay you par value CT
said bonds and accrued interest from
their date TO date of delivery to US
and in addition premium of S5,oOo.Oo
Five Thousand dollars, and Will turn
ish blank bonds for ready for sigma
lure without charge.
"Tbe offer is made subject to the
following terms:
sspricr to delivery OF the bonds
ard payment therefor, you are TO
furnish US the legal opinion OF Mr..
John C. Thompson, bond attorney OF
New York City approving the validity
cf this bond issue, and the final ap-
proving opinion of the same attorney
after delivery is completed and pay
r1ert made under the terms OF our
contract.
"The funds arising from the pro-
ceeds of this sale are to be deposited
in p Bank to be designated by Us, said
funds to remain on deposit subject
to check only for the purposes for
which these bonds are issued, and
said Bank is to pay to the Parish In
terest on daily balances i'll said &C
! count as follows:
.For the first two years Interest
, will be paid on daily balances at tbs
rate of 2R per annum, payable
monthly, and thereafter on any fund
/, remaining in this account, said bank
+ will pay interest on daily balances a
:. the rate of go per- annum, payabl
h monthly.
o Certified check for S12, 100000 ]
: enclosed herewith to be held by 20
r in case of acceptance of this ottel
L ard applied as liquidated damage
= n the event we fail to comply wit
the terms of this contract; otherwis
said check to be returned TO y
a promptly
NJ And be it further Ordained, TIL;
20 the President ard Secretary of tn
ur Police Jury and the Treasurer
a Madison parish are hereby authorize
ne and directed to do ell things niece
ne sary to make delivery Of the sa
Id $500, 100000 of bonds TO the said J.
Jy hernia Bank & Trust Co., the su
cessful bidder, and to collect the pu
iE chase price.
5H And be it further Ordained, III
u in compliance with the FERNS of t
IS aforesaid bid, the Hibefnia Bank
Trust Co., in the proportion Of a
and the Tallulah State Bank in t
of proportion of is is hereby designat
on and made the fiscal agent of all
'di- funds of the parish of Madison ar
ate ing from the sale Of said $500, COO.
to Roard Bonds; ard that the said fis
to agent shall furnish and execute
ing curity for said deposit to the amor
lex Of SIPS, 100000, as regulated by !
me, 205 of the General Assembly of
and State of Louisiana for the year 10
hDN De IL IuTlucT oTudlucu, IL
and in accordance with the request Of
successful bidder, the places of p
the ment fer the principal and inter
Of said bonds are hereby designa
pre- as the office of Parish Treasurer
\. Tallulah, La, or at the option of
t it holder at Hanover National Bank
Ixed New York.
919 This ordinance being put to v,
pur- the result was:
Par Yeas: Alex Clark, ]. B. Galloa
J. II. Devine, W. H. Hewes, w.
,ded Mcdonald, and E. B. Saunders.
,licai Nays: None, and the ordinance
sion declared adopted.
The 1, the undersigned Secretary of
Police Jury of the Parish of Madi
way, Louisiana, hereby certify that
. M. above and foregoing Three pr
constitute true end correct cop
was the proceedings taken at the NEE
of the said Police Jury held on
adj cath, 1919.
; the w. 5. CRAIG, Secret
onds Tallulah, La, July "a, 1919.