The Era-leader., 1919-01-30
G, H. WHELAN.
WltneSSeS:
L. L. BANKSTON,
D. H. SPRINGFIELD.

D. H. SPRINGFIELD.
NJ. A. THIGPEN.
Clerk and EX-Officio Notary Public.
G. NJ. Tate, member from the Sec
old Ward, presented the following or
dinance and moved for it's 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 in
the Parish Of Washington on Tues
day, the 9th day Of August, 1913,
in accordance with ordinance Of the
Police Jury No. -, of the 5th day of
July, 1918, 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, semi-annual, in
terest-bearing, coupon bonds of the
Parish of Washington, Road District
No. |, in the sum of Five Hundred
Thousand (s5OO,OO0.OO) Dollars, evi-
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 (5) per centum per an
mum, interest payable semi-annually,
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 incurring of such debt to be for
the purpose of constructing a system
Of public roads and the bridges there
on within said Parish of Washington
and said Road District No. l, the title
to which shall vest in the said Par
ish. Which SAID proposition was law
fully carried at said election, as
shown +" the -~crccs verbal exc
, cuted ana signed by the Police Jury
' on the Soth day of August, 1918, of
, Tie ,ail,ass 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 Of
O said Parish Of Washington, recog-
4 nized by law, and Articles 2S1 and
29l of the Constitution of 1898 and
1913, and Act 256 Of the session Of
the Legislature of 1910, and amend
4 ments. to be the governing authority
q through whom such bond issue shall
= be proceeded with; now, therefore,
Il Section /. Be it ordained by the
Police Jury Of the Parish of WASH
d ington, in lawful session convened,
that the President and the Secretary
= of this Police Jury shall be author
f lied on behalf of the said Parish of
n 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
t Thousand ($500,00O.O0) Dollars and
j. to make and sign negotiable bonds
;. therefor, numbered consecutiveIy
from one Cd to five hundred (500),
. the first of which shall become due
; within one (1) year from it's date,
: and the last of which shall mature in
4 the year 1943; and which shall draw
J. interest at the rate of five (5) per
Y centum per annum from October 1st,
1918, payable semi-annually, on the
+ 1st day Of October and April, with
" the interest coupons attached to each
J. bond; and said bonds shall not be
sold for less than par.
y Section 2. Be it further ordained,
i etc, That the proceeds Of said bond
issue, when negotiated, shall be de-
G posted in the treasury of said Par
j. ish, and there shall be and remain a
y trust fund to be used for the pur-
/, pose only that the same was levied
= and collected, to-wit: For the pur-
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