The star-progress. (Opelousas, La.) 1917-1921, 1919-11-08

be 1t resolved, that in accordance
with the report of committee on bud.
get, the foregoing be dopted AZ an
estimate exhibiting the various items
Oh expenditure necessary for 1920.
ana tnat said estimate and budget be
published for the full term of thirty
l5O) days in the official journal of
the parish; and further, that the bud
get committee be discharged.
Motion carried.
Mr.. st. Cyr called to the chair.
Mr.. E. A. Cummings offered the
IoHewlng ordinance, duly seconded,
AN ORDINANCE
Whereas, an election was held in
the Twelfth Road District of the Sec
ond Police Jury Ward of St. Landry
Parish, State of Louisiana, on the
24th day of June, 1919, in pursu-
aree to an ordinance of the Police
Jury adopted on the 9Th day of May.
1919, notice of which was published
according to law; and,
Whereas, the question submitted
at said election was to determine the
proposition:
ITO incur debt and issue serial ne
/ gotiable coupon bonds of said Twelfth
! (12th) Road District, Second Police
/ Jury Ward, Parish of st. Landry,
4 La, to the amount of Seventy-five
Thousand Dollars (S75, 0OO.00), ts
run for periods of from one % to
forty (40) years, from the first day
1 of July, A. D. 1919, and to bear in
terest at the rate of five g per cent?
7 per cent per annum from said date
until paid; interest on all said bonds
to be paid semi-annually and said
bonds or funds derived from the sale
thereof to be used and expended un-
der the direction and control of the
Police Jury of the Parish of st. Lam
dry, La, as the governing authority
of the said Twelfth (12th) Road
District, Second Police Jury Ward of
the Parish of st. Landry, La, for the
exclusive purpose of contracting for,
acquiring, laying out and construct
ing a system of modern public roads
within the limits of said road district,
the title to which shall vest in the
parish and public. A sufficient tax
shall be levied each year to meet the
payment of the bonds and interest. :"
Whereas, said proposition was law
fully carried at said electiOn,as shown
by, the process verbal of the Police
Jury canvassing the returns of said
election on the 7th day of July, 1919;
and,
Whereas, the result Of said cleo
ton was duly promulgated on the
seventh day of July, 1919, as requir-
ed by law, and no contest has been
filed notwithstanding more than so
days have elapsed since the date OF
said PRONUNCIATION; and,
Whereas, the Police Jury of the
Parish of st. Landry, is recognized
by the constitution and laws of this
state to be the governing authority
of said road district; now, therefore,
Be it ordained by the Police Jury
of the Parish of St. Landry, in reg
ular and lawful session convened:
Section THAT the president and
clerk of this Police Jury shall be and
are hereby authorized for and on be-
half of the Twelfth (12th) Road Dis
trict. Second Police Jury Ward of the
Parish of St. Landry, State of Louis
lana. to incur debt to the amount of
Seyenty-five Thousand Dollars ($75,-
600 OO). and to make and sign serial
negotiable coupon bonds of said road
district therefor, numbered consecu-
tively from one % to seventy-flve
(75), both inclusive, the first OF
which shall become due on the first
dav of July, 1920, and the last OF
which shall mature on the first day
of July, 1859; and which shall bear
interest at the rate of five per cent
g per cent? per annum, payable
semi-annuaIly, from date with IN
terest coupons attached to each bond;
and said bonds shall not be sold for
less than par.
Section 2-That the proceeds OF
said bond issue, when negotiated,
shall be deposited in the treasury OF
said parish. and there shall be and re-
main as q trust fund to be used only
for the purpose for which the same
were raised as set forth IN the pre-
amble hereof.
Section 3-That said bonds shall
he ~ date the first day of July, 1919,
and shall begin to mature on the first
dav of July, A. D. 1920, and shall be-
come due and payable each year
thereafter until and including the
first day of July, A. D. 1859 and
shall be in numbers and amounts as
follows;
seventy-five (75) bonds of the de-
nomination of One Thousand Dollars
1S1 OOO. COZ each, and dates OF ma
turtles as follows, to-wit:
One a. bond, payable July l.
One % bond, payable July l.
ION One ~ bond, payable July /
One "a bond, payable July l.
i' One o. bond, payable July /
ION One a bond, payable July l.
i' One % bond, payable July l.
i' One ~ bond. payable July l.
i' One ~ bond, payable July =
is One % bond, payable July 1,