The patriot. (Glenmora, La.) 1918-1955, 1919-06-27

TO which vesting in the..said to
wn, provided thet'ythe amount
of debt so incurred and the bonds
so issued to represent same
DO not exceed ten percetum (1(
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
dred and ninety ($142, 10000
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
itation of ten per centum of the
assessed valuation of the said to-
wn: and,
WHEREAS, it is deemed nee
assary and advisable by the May
or and Board of Aldermen of sa-
id town, in order to carry out the
purposes hereinabove set forth
that q proposition be submitted
to the legally qualified property
taxpayers of the said town
eligible to vote
at an election held for said ppr-
pose, to incur debt the amount Of
Fourteen Thousand lS14, 200. 00)
Dollars and issue negotiable
bonds of said town to repr esent
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 ather
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 sal d b on d as
authorized by vote as herein
above set forth to be used e4clu-
sively for the purposes as afore-
said, and more particularly in
the manner as hereinafter pro-
yided for; and
WHEREAS, the Mayor and
Board of Aldermen Of the said
Town of Glenmora, Rapides Par
Fish, Louisiana, in lawful session
convened and assembled, 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 j. Be it ordained by
the Mayer aud Board of Alder
men Of the Town of Glenmora,
Louisiana, in lawful session con-
vened, that an election he and
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 Penny
Store, on the 10Th day of July,
A. D. 1919, at which election
shall be submitted to the legally
qualified property ssxpayers of
said town eligible to participate
and vote therein. the
Proposition to Incur debt to
1.-THE amouat of Fourteen Thous-
i and $4,000. ON Dollars, and to
issue negotiable bonds of said
town to represent said debt. for
1.-THE
PURPOSE of constructing