The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-03-27
WELSH DRAINAGE DISTRICT
ORDINANCE NO. ONE ~.

Drainage District No. One that it is
necessary that the said Drainage Dist
riot be authorized to create bonded
Indebtedness of Seventy thousand
70,OO000) Dollars, to be represented
by One Hundred Forty GAO bonds OF
Five Hundred ($5OO.O0) Dollars each,
to be issued by the said Board Of Com
missioners of Welsh Drainage District
No One, to bear interest at the rate
of five per cent per annum payable
Semi-annually, maturing at such dates
as may be fixed by the Board CT Com
missioners of said Drainage District,
at the time of or prior to the issuance
of the same, and also that in order to
secure the payment of such bonds,
| together with the interest thereon, and
additional funds with which to enable
said Welsh Drainage District No. One
| to procure the necessary dredging ma
chinery, rights of way, canals and i'm
prOvements and to properly and suf-
| fciently drain the land comprised
within said District that it is neces
sary that special annual tax of
twenty-five (25) cents per acre, as
authorized by Article 2S1 of the Con-
solution of the State of Louisiana,
andoped November 22nd, 1913, as
amended by levying upon the acreage
property comprised within the limits
! of said Welsh Drainage District No.
| One, for a period of twenty years,
commencing with the var 1920 and
ending with the year 1889, both in
clusiye.
Section /. Be it Ordained by the
Board of Commissioners of Welsh
Drainage District No. One, that spec.
ial annual tax of twenty-five cents
| (25) cents per acre, as authorized by
siana, approved November 22nd, 1913,
as amended, be levied on all property
comprised within the limits Of said
Welsh Drainage District No. One for
period of twenty years commencing
with the year 1920 and ending wioh
the year 1889, both inclusive, and the
funds derived from said tax shall be
used exclusively:
First: To the liquidation and ex
tinction of such bonded Indebtedness.
Second; For paying the expenses of
organizing and running and operat-
ing expenses of the Board of Commits
sioners of said Drainage District, and
the operation of drainage canals,
bitches and machinery owned and con-
trolled by the said Drainage District,
the title to which shall be vested in
ohe said Drainage District.
Third: To provide for such adj
ditional work of extension of canals,
bitches or drainage conduits as in the
judgment of said Board of Commits
sioners may be necessary and proper
economically to drain the property in
cluded within the limits thereof;
Fourth: To paying the interest up
on said bonded Indebtedness.
Section 2. Be it further ordained,
etc, that said Board of Commissioners
of Welsh Drainage District No. One do
hereby submit to the qualified voters
of Welsh Drainage District No. One,
for their approval and ratification, the
creation of bonded Indebtedness and
issuance of bonds in the sum of Seven.
ty thousand $50, 00O0.O0) Dollars as
aforesaid and the levying of special
annual tax of twenty-five cents per
acre upon all the acreage property
comprised within the limits of said
Welsh Drainage District No. One, for
a period of twenty years, commencing
with. the year 1920, and ending with
the year 1899, both inclusive, said
election to be held at the City Hall
in Welsh, Louisiana on Tuesday
March Goth, 1920, the polls to be open
ed at seven o'clock a. M, and to close
at i've o'clock p. M, at which election
there shall be submitted to the quail
fed electors the above proposition in
the following words, to-wit:
Fo the LeVyinq of an Acreage Tax,
| Proposition to levy AMI
acreage tax of twenty-five
cents (25 cents) per acre
per annum on all acreage /
property subject to State
taxation in Welsh Drainage
District No. One for a per-IYES
iod of twenty years, for the
purpose OF draining the prop
erty within said District.
conducting the affairs of
said District, and paying the
bonds amounting to Seventy
thousand dollars, with inter
est, all of which will morelNO
fully appear by reference to
ordinance No One ID of
Welsh Drainage District No.
One, enacted February goth,
1920. -
Taxable valuation S
Signature Of Voter ..........
NOTICE: To vote in favor of the
proposition submitted upon this ballot
place cross "X' mark in the square
after the word YES; to vote against
it, place similar mark after the word
mo-
For the Issuance of Bonds Based on
an Acreage Tax.
Proposition to incur debt -
and issue bonds of Welsh
Drainage District No. One
To The amount Of Seventy