The star-progress. (Opelousas, La.) 1917-1921, 1920-06-19
wit
q AN ORDINANCE"

WHEREAS, and election was held
IN the Fourth Road District Fourth
Police jury Ward of St. Landry Par
isb. State Of Louisiana, on the 22nd
day of January, 1920 in pursuance to
an ordinance adopted by the Police
Jurv on the 1st of December, 1919,
notice Of which was published accord
ing to law; and, !
WHEREAS, the question SUBMIT (
led at said election was to determine |
the proposition:
PROPOSITION
To incur debt and to issue serial |
regotiable coupon bonds of said :
Fo1rtb Road District, Fourth Police
I,,rv Ward of the Parish of st. Ian
| dry. La. to the amount Of Seventy
Five Thousand Dollars ($75, 000.00), /
TO run for periods Of from One ID
to thirty 800 years, and to bear in
tarest at the rate of Five per cent
f5G,l per annum until paid, interest
on ali bonds to be paid semi-annually
and said bonds or funds derived from
the sale thereof to be used and eX
pended under the direction and con-
Itrol of the Police Jury of the Parish
Of st Landry, La, as the governing
authority of said Fourth Road Dis
+rict Fourth Police Jury Ward, of
ltbn Parish of St. Landry, La, for the
exclusive purpose of contracting Tor,
acquiring, laying out and construct
ling a system Of modern public roads
within the limits of said Road Dis
trict. the title to which shall vest in
the Parish and Public. A sufficient
tax shall be levied each year to meet
the payment Of the bonds and interest
as same natures.
WHEREAS, said proposition was
lawfully carried at said election, as
shown By the process verbal of the
Police Jury canvasslng the returns
lof said election on the End day of
February, 1920 and
WHEREAS, the result of said cleo
ton was duly promulgated on the End
dav of Febrauary, 1920 as required
Ibv law, and no contest has been filed
Notwithstanding more than sixty days
have elapsed since the date of pro-
mitigation, and,
WHEREAS, the Police Jury of st.
Landry, as recognized by the Consti-
tuition and Laws Of this State to be
the governing authority of said Road
: District; now, therefore,
Be it ordained by the Police Jury
of the Parish of St. Landry, La, in
: regular lawful session convened:
SECTION !. That the President
and Clerk of this Palice Jury shall
be and are hereby authorized for and
on behalf of the Fourth Road Dis
+ trict, Fourth Police Jury Ward OF
: the Parish of st. Landry, La, to In
; cur debt to the amount of Seventy
Five Thousand Dollars ($75,0O0.0O)
If and to make and Sign serial negotl
o able coupon bonds Of said Road DIS
: trict therefor, numbered consecut
ivelv from One a. to Seventy-fiv,
II (75) both inclusive, the first OF which
IS shall become due on the First Day O
July 1928, and the last shall matur'
. on the First day of July, 1850, ant
which shall bear interest at the rat
of Five per cent (5Gc) per annum
q payable semi-annually from date
IT with interest coupons attached t.
each bond; and said bonds shall no
be sold for less than par.
h. SECTION 2. That the proceeds o
~ said bond issue when negotiated
shall be deposited with the TreasuI
u er of said Parish and there shall b
ny and remain as trust fund to be use
u only for the purpose for which tn
ne same were raised as set forth IN tn
VA preamble hereof.
= SECTION 3. That said bonds sha
OF be Of date the First of July, A. D
1920, and shall begin to mature 0
the First day Of July A d. 1928, an
shall become due and payable eac
5 wear thereafter until and includin
the First day of July A. D. 1850, an
OF shall be in numbers and amounts
follows:
Seventy-five bonds of the denomini
NJ. ton of 100000 each and dates
WI. - - fnIlnrrrc 70 wit