The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-10-04

Dollars and to issue and sell negotiable
semi-annual interest bearing coupon
bonds to evidence the said indebtedness
the said bonds to bear interest at the
rate of five per centum per aunun. pay
able semi annually and the principal &
interest to be payable in such amounts
and at such places and times as the gov
srriug 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
i'll accordance with the provisions OF Ar
ticle 23l 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-
stuct;ty 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
hrainage district, and
Whereas process verbal OF the OPEN
ing of the ballot box the counting of
the number of ballots cast, both i'll mum
Der and amount and of the canvass of
the returns of the officers of the said
special election. was Only made Ill trip
licate and copy duly forwarded to the
Secretary of State at Baton Rouge tor
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 efec
ton was duly promulgated by publica-
ton in two issues of the st Charlrs Her
aid, to- wit on August 23rd and August
30th 1919, and
Whereas. there are "a ,2l1. 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 sad
annual contribution or acreage tax OF
Fifty t5Oc )cents per acre for thirty years
Therefore BE it resolved by the Board
Commissioners of the st Charles Parish
Grabity Drainage Distsict No One l)
i'll regular meeting assembled. that tor
aud on behalf and acting as the govern
ing authority of the St Charles Parish
Gravity Drainage District No Que ~
of the Parish of St. Charles, Stale OF
Louisiana, debt of Oae Hundred and
Sixty Thousand ($l60. 600. o0) Dollars,
be and the same is hereby incurred. ter
the objects and purposes hereinafter
stated.
\ Be it further Resolved etc THAI. to
evidence the said debt there ii hereby
ordered to be issued One Hundred-ar.l
Sixty (160) bonds. NUMBERED from one
o. to One Hundred and Sixty $50
inclusive, each of the said bonds to be
for the sum of One Thousand $4,000 On }
Dollars, and shall run for the full Pc
Rod of thirty years from the Date of
the bombs, according to plan OF redemp
ton hereinafter mentioned.
Be it further resolved etc. That all OF
saidOne Hundred and Sixty (160) bond
shall be dated December 1st 1919 and
shall bear interest at the rate of Five
ger per centun per annum from the
date 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 OF each and every year; while
the bonds herein ordered to be issued
are outstanding aud unpaid and the said
interest to be evidenced by proper coup
ons to be attached to the said bonds and
said interest shall be payable upon the
presentation and surrender Of the said
coupons at the place of payment to be
hereafter provided.
Be it further resolved etc. That the
said bonds shall begin to mature on the
first day of December 1920 and shall be
come due and payable each and every
year thereafter until the first day of De
cember 1919; in numbers and amounts
as follows to w.t.
Bonds AgQregatinQ Mature