The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-09-27

bred and Sixty Thousand (Sl6C 100000
Dollars and to issue and sell negotiable
senli-annual interest bearing coupon
bonds to evidence the said Indebtedness
the said bonds to bear interest at the
rate of five per centum per auEnfl pay
able semi annually and the principal &
interest to be payable in such amounts
and at such places and times as the gov
erning authority may determine, the
whole issue to be paid within space of
thirty years from date OF the bonds and
both the principal and interest to be Sc
Cured aud paid by "a special acreage tax
or forced contribution to be levied and
collected each year for the full term of
thirty years, said tax being at the rate
of fifty $500 cents per acre per year, all
i'll accordance with the provisions OF Ar
ticle Isl of the Constitution Of the State
of Louisiana, the said Indebtedness and
the proceeds of the sale of the said bonds
when sold according to law, are to be
used for the purpose of digging, con-
stuctibg and maintaining all such canals
and other works, the title of which shall
be in the Drainage DristriCt and to pay
all costs and expenses incident to the
drainage of all lands within the said
drainage district. and
Whereas process verbal of the OPEN
ing Of the ballot box the counting of
the number of ballots cast, both i'll mum
bef and amount aud of the canvass of
the returns of the officers OF the said
special election, was Only made i'll trip
licate and copy duly forwarded to the
Secretary of State at Baton Rouge TOR
recordation, another filed W tt the Clei
of Court and Recorder of mortgages for
the Parish of St Charles and the third
filed i'll the archives of this Drainage
Board and the result of said special cleo
ton was duly promulgated by publica-
ton in two issues OF the St CharlrS Her
aid, to-wit OH August 23rd and August
3Oth 1919, and
Whereas. there are
acres in said drainage district aud the
aforesaid debt and bonds to be issued do
not exceed i'll principal and interest the
aggregate amount to be raised by said
annual contribution or acreage tax Of
Fifty (50c cents per acre for thirty years
Therefore Be it resolved by the Board
Commissioners of the St Charles Parish
Grabity Drainage Distsict No One ~
i'll regular meeting assembled, that tor
and on behalf and acting as the govern
ing authority of the st Charles Parish
Gravity Drainage b stri t No One a.
of the Parish of St, Charles, State OF
Louisiana, debt of On f Hundred and
Sixty Thousand (Sl6o. UUo.t0) Doll"rs.
be and the same is hereby incLIred, for
the objects and purposes hereinafter
stated.
Be it further Resolved etc That to
evidence the said debt there is hereby
ordered 10 be issued One hundred and
Sixty (160) bonds numbesec from one.
(1}5to One Hundred and. Sixty tlo0)
inclusive, each of the said bonds to be
for the sum of One Thousand $1,000 .00)
Dollars, and shall run for the iuli xxpe-
Rod of thirty years from the Date, of
the bombs, according to plan OF redemp
ten hereinafter mentioned.
BE it further resolved etc. That all OF
saidOne Hundred anti Sixty lo0) bond
shall be dated December let' 1919 and
shall bear interest at the rate OF Five
ger per centun per annuiu from the
date of the bonds unit paid, said inter
est to be payable semi annually OH the
first day of June and the first day of
december of each and every year; while
the bonds herein ordered to be issued
are outstanding and unpaid and the said
interest to be evidenced by proper coup
ons to be attached to the said bonds and
said interest shall be PAYABLE upon the
presentation and surrender of the said
coupons at the place of payment to be
hereafter provided.
Be it further resolved etc. That the
said bonds shall begin to mature on the
first day of December 1920 and shall be
come due and payable each and every
year thereafter until the first day of De
cember 1919; i'll numbers and amounts
as follows to wit;