The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-05-22


Il Bank in the City of Lake Charles,
louisiana, or the Mechanics & Metals
National Bank in the City of New
York, N. Y, at the option Of the
lolder.
This bond is one of series Of One
Forty (14O) bonds of like
.enor numbered from ! to lao, aggre.
eating Seventy Thousand Dollars,
l$70, 100000 issued under the author
ty of Article 2S1 of the Constitution
If the State of Louisiana, and in &C
cordance with the provisions Of Act
256 and Act 317 Of the General AS
3embly of Louisiana, for the year 1910
IS amended and has been authorized
by the property taxpayers Of said Dist
riot qualified as electors at an election
duly called and held.
This is secured in principal and
interest by an annual contribution or
tax of twenty-five (25) cents
on every acre Of land comprised with
in said Drainage District and subject
to taxation.
And it Is hereby certified and recited
that all acts, conditions and things
necessary to be done precedent to the
issuance of this bond and the other
bonds of this series, in order to make
them legal, binding and valid obliga-
tons of said District, have been done
and performed in due form as requlr.
ed by law; that the total indebted
ness of said District, including this is
sue Of bonds, does not exceed the con-
stitutional and statutory limitations
of Indebtedness and the tax necessary
to pay the same has been duly voted
and pledged and does not exceed the
constitutional or statutory limitations.
In witness whereof the Board OF
Commissioners of the Welsh Drain
age District Number One Of Jeffers on
Davis Parish, Louisiana, by virtue OF
authority vested in them by the Con
stitution and laws Of the State Of Lou.
isiana, have caused this bond to be
signed by its President, countersigned
by it's Secretary and sealed with Its
corporate seal, and the interest cou-
pons hereto attached to be executed
by the Autographed facsimile sigma
lures of said President and Secretary
this first day Of June, 1920.
.....,............
Pres. Welsh Drainage District Mum
Der One.
Countersigned:
.'.''.'.s.'s'"ss
Secretary.
Subjoined to said bonds shall be
interest coupons Of the proper number
to evidence the several installments
of interest to accure thereon respect
lively, and except as to date Of ma
turity, number Of coupon and number
Of bond to which attached said cou-
pons shall be in substantially the fol.
No.. s12.5C
COUPON.
On the first day Of (June) (Decem'
ber), 10. 80, Welsh Drainage District
Number One of Jefferson Davis Parish
Louisiana, promises to pay to bearer
Twelve and 50-1OO Dollars ($12.5O) a
Calcasieu National Bank in the Cit!
of Lake Charles, Louisiana, or a
Mechanics & Metals National Banl
in the City of New York, N. Y, at the
option of the holder, being interes
due that day on it's public improve
ment bond dated June LIST, 1920. No.
......s......
President.
lsOsssSSssSs''''''
Secretary.
Said bonds shall be registered b,
the Secretary Of State of the State
Louisiana, and shall have endorse
thereon the words.
STATE OF LOUISIANA,
"Ofice of Secretary of state, IS.
"This bond secured by tax. Rel
istered on this ...... day of.......,
1920.
ss.ssssSssssssSs
GREAT SEAL) Secretary Of State.
Section 4. Be it further ordained
etc., that there Is hereby levied tn
sum Of twenty-five (25) cents per acr
upon each and every acre Of land witt
in said District for twenty (20) year
beginning with the year 1920 and enc
ing with the year 1889, the entire pr
ceeds Of said tax so far as the sam
is necessary Is irrevocably pledged
the payment Of the bonds heret
authorized,
Section 5. Be It further ordeine
etc., that the Welsh Drainage Dtstri'
No. One of Jefferson Davis Parisl
Louisiana, shall and hereby does GOV
nant with each and every holder
said bonds or any Of them in apt tim
manner and season, out OF the pr
ceeds Of taxes collected there shs
| be and is hereby set apart a net su
t sufficient to pay and discharge Il
/ principal and interest Of said bOnt
as and when the same become dl
and payable In accordance with Il
provisions Of Section 4 OF this ordil
? ance.
Section 6. Be it further ordaine
2 ETC., that this ordinance shall be In FL
3 force and effect from and after
I passage and publication.
, Adopted and approved April 1st
I S. M. WATKINSa
Pres. Board Of Commissions
q Welsh Drainage District Nun
I Der One.
2 Attest:
8 JOHN T. HOOD, Secretary.