Bogalusa enterprise and American. (Bogalusa, La.) 1918-19??, 1919-02-06

G. NJ. Tate, member from the Sec
old Ward. presented the following or
dinance and moved for its adoption,
seconded by R. H. Spring, member
from the First Ward, which ordi-
nance is in words and figures as fol-
lows, to-wit:
ORDINANCE NO.
Whereas, an election was held ii
the Parish Of Washington on Tues
day, the 9th day of August, 1918,
N accordance with ordinance of the
Police Jury No. u, Of the 9Th day Of
July, 1913, and notice Of the same
published according to law; and,
Whereas, the question submitted at
the said election was to determine The
proposition to incur debt and issue
and sell negotiable, sen1i-annual. In
terest-bearing, coupon bonds of the
Parish of Washington, Road District
No. |, in the sum Of Five Hundred
Thousand $500, 0oO.oo) Dollars, evil
dencing such Indebtedness. the
amount of said bonds, together with
all the other bonded indebtedness,
being less than ten (10) per cent Of
the assessed valuation of the prop
erty within said Parish and Road Dis
trict, as shown by the assessment
rolls of said Parish last completed
the said bonds to bear interest at the
rate of five % per centum per an-
mum, interest payable semi-annuallv,
to run for a period of twenty-five
(25) years from the date of the
bonds, and the principal and interest
to. be payable at such places as the
governing authority may determine,
and both the principal and the inter-
est to be secured and paid by suf-
ficient tax levied and collected each
year in accordance with the provi-
sions of Article 2S1 of the Constitu-
ton and Of the laws of Louisiana.
The mourning of such debt to be for
the purpose of constructing system
of public roads and the bridges there
on within said Parish of Washington
and said Road District No. 1, the title
to which shall vest in the said Par
ish. Which said proposition was law
fully carried at said election, as
shown 81 The process verbal exc
cuted and signed by the Police Jury
ca the sch day of August, 1918, %
the canvass of returns; and,
| Whereas, the result Of said election
has been duly promulgated on the
30th day Of August, 1918, as re-
quired by law, and Section 10 Of Act
256 of 1910; and no contest has been
filed;
Whereas, the said Police Jury o.
said Parish of Washington, recog
| nized by law, and Articles 2s1 and
POI of the Constitution Of 1898 and
1918, and Act ESQ of the session Of
the Legislature of 1910, and amend
ments, to be the governing authority
through whom such bond issue shall
be proceeded with; now, therefore,
Section 1. Be it ordained BY the
Police Jury of the Parish Of Wash
ington, in lawful session convened,
that the President and the Secretary
of this Police Jury shall be author
lied on behalf of the said Parish Of
Washington, acting for and in the
name of the governing authority, The
Police Jury, and are directed to incur
debt to the amount of Five Hundred
Thousand $500, 100000 Dollars and
to make and sign negotiable bonds
/ therefor, numbered consecutively
from one ~ to five hundred 5000
the first of which shall become due
within one (1) year from its date
and the last of which shall mature il
the year 1913; and which shall draw
interest at the rate Of five (5) per
] centum per annum from October 1sts
| 1918, payable semi-annually, on the
1st day of October and April, with
the interest coupons attached to eaeh
bond; and said bonds shall not b
sold for less than par.
Section 2. Be it further ordained
etc., That the proceeds Of said bond
issue, when negotiated, shall be de-
posted in the treasury Of said Par
ish, and there shall be and remain q
4 trust fund to be used for the pur
pose only that the same was levied
and collected, to-wit: For the pur
i pose of constructing system Of pub:
lie roads and the bridges thereon
within said Parish of Washington and
Road District No. /, title to which
shall invest in the said Parish.
!. Section 3. Be it further ordained
etc, That three (3l mill tax On 81
the taxable property in the Parish q
| yEy.rLsy,rrAov, foy. +ho vaar. 1919 for ft{f