The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-03-11

interest bearing nom negotlaole 'ime
certificates of deposit, the first OF SAID
for the sum OF )
and maturing on April LIST, 1920, and
the balance thereof for the sum OF
ST.. 10000 each, adm maturing on the
first days of each succeeding month";
provided, that in the event the amount
thereof are actually required to meet
expenses and charges properly due
and payable out Of such funds such
time certificate of deposit next ma
turing may be matured in advance OF
their due dates upon fifteen days JOINT
written notice to said Banks by the
President and Clerk OF this Ponce
Jury and the Treasurer at the Parish
Of Bienville, which notice shall state
in itemized detail such expenses and
charges by reason of which 1t Is nee
essary 80 to mature such time certlf-
icates Of deposit so matured shall theh
become subject to check, but only TO
nav such charges and expenses as may
be actually due, any amount remain
ing after said funds shall have re-
NAMED on deposit for an average per
liod of two years shall bear interest
thereafter at the rate of three pei
cent per annum on average daily pal
ance.
| md The full amount Of such pro
ceeds over and above the S25,00o'Oo
| subject to check in each of said Banks
at the inception of this arrangement
las thus representated, by said time
certificates of deposit, shall be deposit
ed by said Banks, with Caldwell ah'
Company, Bankers, Nashville, Tenn
who shall issue to each of said Banks
, for the amounts so received from then
uon-interest, bearing, non-negotlapl
fine certificates of deposits in amount
: and maturities corresponding to III
fItima certificates of deposit OF sal
: Ranks, issued to the Parish OF Bier
}, Vile provided, that such time Gel
{ tifcates of deposit next maturing MA
: be matured in advance Of their au
Il dates upon fifteen days written ho'ie
+, iby said Banks to Caldwell ana con
( pany. accompanied by the written III
e, flee to them by the President and Ger
< Of this Police Jury and the Paris
No Treasurer as next above provided, al
D the amounts to time certificates
ID deposit SO matured shall then becon
I'd suhiect TO check when and as Il
It. funds are required to pay expehs
and charges coming due.
Y ard In the event that Caldwell al
:, y Company shall deem it necessary a.
u advisable for the convenience and II
! ility of theP arish of Bienville, to ma
&c deposited in any other bank or BAN
a. in the Parish of Bienville any part
IL said proceeds of said bonds such
y, nosit shall be so made in sums not
III eeeding $25,OOO.OO, in each such ba
= furnishing security therefor in amot
~ and character satisfactory to the IT
nu ident of this Police Jury, and WI
u. such security shall have been furhl
~ u, ed and approved, the President OF t
IN Police Jury shall give written not
to the Bryceland State Bank ana
Castor State Bank, and fifteen d'
po- from the date of such written mol
zen tbe next maturing time certificate
for kdeposit Of the said Banks to the I
ON tish Of Bienville, in amounts sllllcl
en- Ito make such deposits shall becf
zee due and payable for that purpose
ate fifteen days from written notice
said Banks to Caldwell and Compa
cen their corresponding time certlflcf
lies of deposit to said Banks shall bec'
on due and payable for the purpose
ari- deposit in such additional bank
banks. Such deposits in sueh a
res tional bank or banks shall be SUB
ury 70 check, and shall be checked U
are in the same manner and for the 81
raw purpose as deposits subject
Mil. check in the Bryceland State 81
cad and the Castor State Bank, but
and lin the same proportion as the am(
anne or amounts Of such deposits then
ank naming, bear to the whole OF said
to eeeds then remaining.
anu 4th. In order that all cha
sun against said deposits may be prof
WIN among all the said banks ana
,,on maintain the proportion OF run
slon held on deposit by them, the b
!. LAND State Bank and the Castor !,
~ Bank shall obtain from CaidWell
Company, when and as requ
state amounts bearing the same ratlo I
here penses and charges then to be M
cries the amounts deposited with thel
Mil said Banks bear to the whole an
Par, Of the proceeds then remaining Q
rable nosit with all Of SAID Banks, and
I'd as amounts SO paid over by CaldWel
cunts Company, shall stand as crsalts
and their next maturing time cer,ii
such Of deposit hereinabove provided
9Th. In the event the amour
D, by lany time certificates OF deposit
Bien Bryceland State Bank and the
} pro State Bank are not actually re'
rs Of TO meet expenses and charges
nyille such certificate fall due accord,
nj oh. their tenor, the amounts thereon
Bryce mot then become subject to chee
State said time certificates Of deposit
d sub lba extended or renewed for add
con. lperiods Of one month from time I.
and in such event, the time certl
shall LOT deposit Of Caldwell and =, 20
cement corresponding thereto shall :. also i
: said tended or renewed for addition
"a for iods Of one month, from time Z
, shall 9Th. The Bryceland State ba
! non non. the Castor State Bank and any