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

pEOCCeGS OlsSdl0 D0QQS LOT WOFk
of public Improvement, the title
to which vesting in the said to-
wn, provided tn at the amount
of debt soincurred and the bonds
SO. issued to represent sames
do not exceed ten percetum 10
per cent? of the assessed val
uation of the property of said
town: and,
WHEREAS, The Assessment of the
said town as shown by the last
assessment rolls thereof, amou-
nts to the sum of One Hundred
Forty-two Thousand, One Hun
drsd and ninety ($142, 100000
Dollars, and the total existing
bonded Indebtedness Of said to-
wn together with the proposed
bonded Indebtedness do not ex-
coed the said constitutional linn
ltsaion of ten er'eentum 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-
id town, in ordersto carry out the
purposes hereinabove set forth
tn at q 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 GA, 900. 0O
Dollars and issue negotiable
bonds of said town to represent
said Indebtedness. bearing inter-
est at the rate of five per centum
Is per cent? payable annually, the
principal of said bonds payable
within twenty five l2o) years of
their date and issued in such de,
nomination, payable at such
time 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 under the laws here
inaboye set forth and cited, the
said proposition to be voted at an
election held for that purpose as
shall be hereinafter set forth and
detailed. And the funds to be
realized from the sale of
the said b on d s as
authorized by a vote as herein
above set forth to be used exclu-
sively for the purposes as afore-
said, and aaore particularly in
the manner as hereinafter pro.
vided for; and
WHEREAS, the Mayor and
Board of Aldermen of the said
Town of Glenmora, Rapides Par
ish, Louisiana, in lawful session
Ieonvened and assem- bled, being
of the opinion and belief that
they are legally authorised to
pEsceed TO tbs 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,
land, in the event that tie result
lof an election for that purpose
held and hereinafter to be order
led, be favorable to said PROPOSE
ltion, that they proceed to incur
debt and issue bonds as afore-
Isaid under the provisions and
Within legal requisites; there.
fire,
! Section /. Be it ordained BIZ
1.-THE Mayor and Board of Alder.
linen of the Town Of Glenmora,
Louisiana, in lawful session con-
Ivened, that an election he and
1.-THE same is hereby ordered'to be
held within the said Town OF
Glenmora, Louisiana, at the reg
ular polling place in said town,
namely, at the Campbell Penns
Store, on the 18th day Of duly,
la. D. 1919, at which election
shall be subtnittad to the legally
lquahfied property tagpayers q
.tsaid town eligible to. partieipats
and vote therein, the
! Proposition TO .illcur debt *
1.-THE amount Of Fourteen Thous
land fslA. 900. oQ) Dollars, and 4
tissue negotiable bonds, of .sait
Town 70 represent said debt, fol
II &11o