The Rice belt journal., 1920-05-08

seVerally become due. Both principal
and interest Of this bond are hereby
made payable at the Calcasieu Nation
al 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
holder.
This bond is one of series of One
Hundred Forty Q4O) bonds of like
tenor numbered from l to 140, aggre-
eating Seventy Thousand Dollars,
($7O,0O000) issued under the author
ity of Article 281 Of the Constitution
Of the State of Louisiana, and in ac-
cordance with the provisions of Act
256 and Act 317 of the General AS
sembly Of Louisiana, for the year 1910
as 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
acreage 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-
tions of said District, have been done
and performed in due form as reQuir.
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 Jefferson
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 its Secretary and sealed with its
corporate seal, and the interest cou-
pons hereto attached to be executed |.
by the Autographed fac-simile sigma
lures Of said President and Secretary
this first day of June, 1920,
,,..''......'
Pres. Welsh Drainage District Mum /
ber One.
Countersigned:
t..''....
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-
owing form:
No. $3.50
r 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 50-100 Dollars ($12.50) at |
CalCasieu National Bank in the City
of Lake Charles, Louisiana, or at
Mechanics & Metals National Bank
in the City of New York, N. Y, at the
option of the holder, being interest /
due that day on it's public improve
ment bond dated June 1st, 1920. No. {.
'....'.,........
President.
'.ss.s's.sss.ss...
Secretary.
Said bonds shall be registered by
the Secretary Of State of the State of
Louisiana, and shall have endorsed |
thereon the words
STATE OF LOUISIANA,
office of Secretary of State, SIS.
'"This bond secured by tax. Reg.
istered on this ...... day Of. .......,
1920.
GREAT SEAL) Secretary Of State"
Section 4. Be it further ordained,
ETC., that there is hereby levied the
sum of twenty-five (25) cents per acre
upon each and every acre Of land with
in said District for twenty (20) years
beginning with the year 1920 and end
ing with the year 1899, the entire pro.
ceeds of said tax so far as the same
is necessary is irrevocably pledged to
the payment of the bonds hereby
authorized.
Section 5. Be 1t further ordained,
etc, that the Welsh Drainage District
No. One of Jefferson Davis Parish,
Louisiana, shall and hereby does cove
nant with each and every holder of
said bonds or any of them in apt time,
manner and season, out of the pro,
ceeds of taxes collected there shall
be and is hereby set apart a net sum
sufficient to pay and discharge the
principal and interest of said bonds
as and when the same become due
and payable in accordance with the
provisions Of Section 4 Of this ordin-
ance.
Section 6. Be it further ordained,
etc., that this ordinance shall be in full
force and effect from and after its
passage and publication.
Adopted and approved April 18th,
1920.
S. M. WATKINS,
Pres. Board of Commissioners
Welsh Drainage District Num-
Der One
Attest:
JOHN T. HOOD, Secretary.
April 1924 May 1852