The star-progress. (Opelousas, La.) 1917-1921, 1920-07-17

N4E. M - do0e8u O11eRe0 Sne 1Oi-
lowing ordinance, duly seconded, To-
wit:
IAN ORDINANCE"
WHEREAS, and election was held
in the Fourth Road District Fourth
Police Jury Ward Of st. Landry Par
ish, Estate of Louisiana, on the 22nd
day of January, 1920 in pursuance to
an ordinance adopted by the Police
Jury on the 1st Of December, 1919,
notice Of which was published accord
ing to law; and,
WHEREAS, the question submit
ed at said election was to determine
the proposition:
PROPOSITION
To incur debt and to issue serial
negotiable coupon bonds of said
Fourth Road District, Fourth Police
Jury Ward of the Parish of st. Lam
dry, La, to the amount of Seventy
Five Thousand Dollars ($75, 900. O0),
to run for periods of from One ~
to Thirty 800 years, and to bear in
terest at the rate of Five per cent
(5@o) per annum until paid, interest
on all 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-
troll of the Police Jury Of the Parish
Of st. Landry, La, as the governing
authority Of said Fourth Road Dis
trict Fourth Police Jury Ward, of
the Parish of st. Landry, La, for the
exclusive purpose of contracting for,
acquiring, laying out and construct
ing 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 canvassing the returns
of said election on the End day of
February, 1920 and
WHEREAS, the result of said cleo
ton was duly promulgated on the End
day of February, 1920 as required
I by 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, O00.00),
and to make and sign serial negoti-
able coupon bonds of said Road Dis
trict therefor, numbered consecut-
lively from One ~ to Seventy-five
| (75) both inclusive, the first of which
shall become due on the First Day Of
July 1928, and the last shall mature
on the First day of July, 1850, and
which shall bear interest at the rate
of Five per cent (53c) per annum,
payable semi-annually from date,
with interest coupons attached to
each bond; and said bonds shall not
be sold for less than par.
SECTION 2. That the proceeds of
said bond issue when negotiated,
shall be deposited with the Treasur-
er of said Parish land there shall be
and remain as a trust fund to be used
only for the purpose for which the
same were raised as set forth in the
preamble hereof.
/ SECTION 8. That said bonds shall
be of date the First of July, A. D.,
1920, and shall begin to mature on
the First day of July A D. 1928, and
shall become due and payable each
year thereafter until and including
the First day of July A. D. 1850, and
shall be in numbers and amounts as
follows:
Seventy-five bonds of the denomIna-
ton of 100000 each and dates of
maturity as follows, to-wit: