The patriot. (Glenmora, La.) 1918-1955, 1919-06-20

!, OF puOllc Improvement, Tie tit4e
to which yesting in the said 10
wn. provided TIL at the amount
of debt so incurred and the bonds
so issued to represent same,
do not exceed ten percetum 40
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-twe Thousand, One Hun
dred and ninety ($142, 100000
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 centpm OF the
assessed valuation of the said to-
wn: and,
WHEREAS, it is deemed nee
essary and advisable by the May
or and Beard of Aldermen of sa-
id town, in order to carry out the
purposes hereinabove set fopth
tn at proposition be submitted
to the legally qualified property
taxpayers of the said town
eligible to vote
at an election held for said pur-
pose, to incur debt the amount OF
Fourteen Thousand {S14, 100000
Dollars and issue negotiable
bonds of said town to represent
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 (2o) years of
their date and issued in such de-
nomination, payable at such
time and place and in sach in
stallments together with other
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 o n d s as,
authorized by vote as herein
above set forth to be used exclu-..
sively for the purposes as afore-
said, and more particularly in
the manner as hereinafter pro-
vided for; and
WHEREAS, the Mayer and
Board of Aldermen of the said
Town of Glenmora, Rapides Par
| ish, 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.
led, be FAVORABLE to said PROPOSE
ton, that they proceed to incnr
debt and issue bonds as afore-
said under the provisions and,
withia, legal requisites; there
fore,
Section /. Be it ordained by
the Mayor and Board of Alder.
men Of the Town of Glsamora,
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
l,ilar polling place in said town,
namely, at the Campbell Penny
Store, on the 18th day of July,
la. d. 1919, at ] which election
shall be submitted to the legally
QUALIFIED property taxpayersscf
Isaid town eligible to partiGir&te
land vote therein, the
Proposition to incur dobt to
the amount of Fourteen Thous-
land 81, 900. oo) Dollars, and to
tissue negotiable bonds of said
town to represent said debt, for
1.-THE