The Natchitoches enterprise., 1920-01-15


"Nays', and the Tl being called. ne
vote stood aa follows:
r'or tne ordnance: Yea: Himel, sud
dath, Johnson.
Against the ordinance: None.
Which ordinance is in the words and
figures as follows:
ORDINANCE No.
Of the Mayor and City Commission of
the City Of Natchitoches, Louis ana.
An ordinance proposing to incur Cebt
and issue bonds of the city of Natchi-
tiches, State of Louisiana, for certain
purposes, and ordering a special cleo
tlon tor the purpose of subG,;tli1i, TO
the property taxpayers of said city,
the propositions for said purpose.
Section l. Be it ordained by the
Mayor and City Commission of the
city of Natchitoches in the parish Of
Natchltoches. State Of Louisiana. that
1t IS necessary to incur indebtedness in
said city Of Natchitoches at the rate.
IN the amount and for the purposes
hereinafter mentioned, and appearing
| III the propositions hereinafter set forth.
Section 2. Be it further ordained
etc., that special election be, and the
same Is hereby called and ordered to
be held in said city on the 9th day of
January, 1920, between the hours of
a. IN. and p. m.
Section 3. Be it further ordained.
etc., that at said special election there
Shall be submitted to the tax-pavinp
electors qualified to vote under the con-
stltution and laws of the state of Lou
islana, the following proposition:
Proposition for Water and Light Plant
Improvement. Bonds.
10 incur debt aud issue and sell oa.
gotiable semi-annual interest bearing
coupon bonds of said city to the amount
OF SsS, 100000. eighty eight thousand
dollars, evidencing the said indebted
ness, for the purpose of providing funds
Tor the construction of water and light
plant improvement, the amount of said
bonds being less than 10 per cent of
the assessed valuation of the properly
Within saio city, as shown by the as
sessment rolls of said city last cor,.
pleted. Said bonds to bear interest
the rate of 5 per cent per annum VA,
aoie seml-annually and to run for a
period of twenty (20) years from the
cate OF the bonds, and the princi.:l
ana interest to be payable at sucn
places as the governing authority my
determine and both principal and int.
est to be secured and paid by suftl-
cient tax levied and collected in ea>a
OF the wears while all or any of said
bonds are outstanding in accordance
with the provisions Of Article 281
tne Constitution and the laws of a..
siana
Proposition for Sanitary Sewcra
System Bonds.
10 incur debt and issue and sell -
sotlabie semi-annual interest bear. Z
coupon bonds of said city to the amou
u lo1,O0O.OU, one hundred fifty-t,
dollars. evidencing the S..
Indebtedness, for the purpose of pro-
'ldlng funds for the construction OF
sanitary Sewerage System, the amount
I said bonds being less than 10 per
ent ct the assessed valuation of the
aoperty within said city, as shown by
ne assessment rolls of said city last
ompleted. Said bonds to bear inter.
st at the rate of per cent per annur,
ayable semi-annuaIly and to run for
eriod of twenty CO., years from the
ate OF the bonds, and the PRINCIPAL
nd interest to be accured and paid hy
sufficient tax levied and collected in
ach of the years in accordance with
le provisions Of Article PSI of H.,
nd the Laws of Louisia.a.
Section 4. Be it further ordained,
C., that notice of said special elsc-
on be duly advertised for thirty days,
accordance with law in the official
'urnal of said city, the notice OF tn.
ection to embrace substantially all
ings set forth herein, and to state
at the Mayor and City Commission
ii meet in open session at 7 o'clock
m. on the 28th day of January, 1920,
d then and there proceed to open the
Hot boxes, examine and canvass the
turns and declare the results of such
,ction, and make process verbal Of
proceedings.
" the Issuance of Water and Light
Plant Improvement Bonds.
to incur debt
d issue bonds of the City
Natchitocbes Louisiana