The Rice belt journal., 1920-03-20
JOHN T HOOD, Secretary.
ORDINANCE NO. TWO ~.

ORDINANCE NO. TWO (2).
AN ORDINANCE of Welsh Drainage
District No. One (O, providing for the
leyying of an adyalorem tax on all
property within said District subject
to taxation, and the creation of a.
bonded Indebtedness Of Sixty th0us-
and ($6000000) Dollars, as authoriz-
ed by Article 2S1 Of the Constitution
of the State of Luisiana adopted on
November 22nd, 1913, for the purpose
of providing for the maintenance of
and drainage system on all lands stu,
ated in said District and for the pur-
pose of holding an election therefor.
Whereas, it is the opinion of the
Board of Commissioners of Welsh
Drainage District Number One ~,
that it is necessary that said Drainage
District be authorized to create a
bonded Indebtedness in the sum of
Sixty thousand ($60,00OOO) Dollars, to
be represented by one hundred and
twenty (120) bonds of Five Hundred
($500.00) Dollars each, to be issued
by said Board of Commissioners, to
bear interest at the rate Of five per
cent per annum, payable semi-annual.
ly, maturing at such dates as may be
fixed by said Board of Commissioners
of Welsh Drainage District No. One
~ at the time Of or prior 90 the is
suance of same, and also in order to
procure the payment of said bonds,
together with the interest thereon, and
an additional fund with which to en-
able said Welsh Drainage District No.
One to procure the necessary dredging
machinery, rights CT way and improve
ments to properly drain the land COM
prised within said Drainage District,
that it is neseccary that an adyalOrem
tax of such amount as may be fixed
by the Commissioners from year to
year, not exceeding ten mills on the
dollar, per annum, on all property
within said District subject to State
taxation, as authorized by Article 281
of the Constitution Of the State of
Louisiana, as adopted November 22nd,
1918, and amendments thereof, be
levied on all property comprised with.
in the limits of said Welsh Drainage
District No One for period of twenty
years, commencing with the year
1920, and ending with the var 1899,
both inclusive.
Section 1. Be it Ordained by the
Board of Commissioners of Welsh
Drainage District No. One, that said
advalorem tax of such amount as may
be fixed by the Bo.rd of Commission
ers from year to year, not to exceed
ten mills on the dollar as authorized
by Article 2S1 of the Constitution of
the State of Louisiana, adopted on
November 22nd, 1913, as amended, be
levied on all property subject to State
taxation comprised within the limits
of said Welsh Drainage District No.
One, for period of twenty years,
commencing with the year 1920, and
ending with the year 1889, both in.
elusive, and the funds derived from
said advalorem tax shall be used ex-
cusively as follows:
First: To the liquidation and ex-
tinction of said bonded Indebtedness:
Second; For the purpose of paying
the interest upon said bonded indebt-
edness;
Third: For the payment of the ex-
penses of organization and the running
and operating expenses of said Board
of Commissioners of said Drainage
District, and operating the drainage
canals, bitches and machinery owned.
operated and controlled by said Drain.
age District, the title to which shall
be vested in said Drainage District;
Fourth: To providing all such work of
extending said canals, bitches or drain
conduits as in the judgment of said
Board of Commissioners may be neces-
sary and proper economically to drain
the property included within the limits
thereof
Section 2. Be it further ordained.
ETC., That the said Board Of Commits
sioners of Welsh Drainage District No.
One do hereby submit to the qualified
voters Of said Welsh Drainage District
No. One for their approval and rati-
fication, the creation of a bonded in
debtedneSs and issuance of bonds in
the sum of Sixty thousand $3.50, 0,00O00)
as aforesaid, and the levying
annually by said Board of Commits
sioners of an annual advalorem tax, in
such amount as may be necessary
from year, to year, not exceeding ten
mills on the dollar, on all property sub
ject to State taxation located within
the limits of said Welsh Drainage Dist
rict No. One, for period of twenty
years, commencing with the year 1920
and ending with the year 1889, both in
elusive, said election to be held at the
City Hall, in the Town of Welsh, Loui.
siana, within said District, on Tues
day, March both, 1920, the polls to be
opened at seven o'clock a. M, and
closed at five o'clock p. m, at which
election there shall be submitted to
the qualified electors the above prop
osition upon ballots containing the fol-
lowing words. to-wit:
FER LeYying An hdyalaFeul Tax,