The patriot. (Glenmora, La.) 1918-1955, 1919-06-13

j'NA EAoii%' AAIlsA VIC WIZ pSA~
to which vesting in the said to-
WIN, provided that the amount
of debt so incurred and thebonds
so issued to represent same,
do not exceed ten percetum 1O
per cent? of the assessed val
uation Of the property of said
town: and,
WHEREAS, The Assessment fine
said town as shown by the last
assessment rolls thereof, amou-
nts to the sum of One Hundred
Forty-two Thousand, One Hun
dred and ninety ($142, 100. 000)
Dollars, and the total existing
bonded Indebtedness of said to-
wa together with the proposed
bonded Indebtedness do not ex-
coed the said constitutional linn.
itation of ten per centum of the
assessed valuation Of the said to-
wn: and,
WHEREAS, it is deemed nee
essary and advisable by the May.
or and Board of Aldermen of sa-
i'd town; in order to carry out the
purposes hereinaboye set forth
that a proposition, be submitted
to the legally qualified property
taxpayers of the said town
eligible to vote
at an election held for said pur-
pose, to incur debt the amount OF
Fourteen Thousand (S14, 000,0o)
Dollars and issue negotiable
bonds of said town to represent
said Indebtedness, bearing inteFs
est at Sae rate of ffveper centrum
Is per, cent? payable annually, the
principal of said bonds payable
wittin twenty five A2o) years of
their date and issued in such de-
nomination, payable at such
ti&e and place and in such in
stallments together with other
details relating thereto as shall
be determined by the Mayor
and Board of Aldermen and as
authorized underline laws here
inabove set forth aud cited, the
said proposition to be voted at an
election held for that purpose as
shall be hereinafter set forth and
And the funds to be
realized from the sale of
the sa d b n d 8 Gas.
by vote as herein
above set forth to be used exclu-
siyely for the purposes as. afore-
said, and more particularly in
The manner as hereinafter pro-
vidad for; and as
WHEREAS, the Mayor and
Board of Aldermen of the said
Town of Glenmora, Rapides Par
ish, Louisiana, in lawful session
and assent led, being
of the opinion and belief that
they are legally authorized to
proceed TO the submission to the
legally qualified property tax
payers of the Town of Glen
mora, eligible to participate
therein, the proposition herein
before described and set forth, |
and, in the event that tie result
Of an election for that purpose
held and hereinafter to be order |
ed, be favorable to said PROPOSE
ton, that they proceed to incur
debt and issue bonds as afore-
said under the provisions and !
within legal requisites; there.
fore,
Section 1. Be it ordained by |
the Mayor and Board of Alder
men of the Town of Glenmora,
Louisiana, in lawful session con-
Ftflat an election The and
the same is hereby ordered TO be 1
held within the said Town of
Glenmora, Louisiana, at the rsg-
alar polling place in said town,
namely. at the Campbell Penny
Store, on the 18th day of July,
A. I'D. 1919, at which election
shall be submitted to the legally
qualified property taxpayers of
said, town eligible to participate
and vote. therein, the
Proposition to incur debt to
bhe amount of Fourteen Thous-
and (s1a, 100000 Dollars, and toI
issue negotiable bonds of said
gown to represent said debt, for
the
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