The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-01-10
ance duly adnpted.

authorizing the creation of bonded
indebtedness in the sum of Ninety
thousand ($90,000.00) Dollars, to run
for a period of twenty-five years, to be
secured by an advalorem tax to be
levied annually by the Commissioners
of Bell City Drainage District No. One,
to.wit:
Ordinance No. TWO (2).
AN ORDINANCE of Bell City Drain
age District No. One, providing for the
levying of an adValOrem tax on all
property within said District, subject
to taxation, and the creation Of bond
ed Indebtedness Of Ninety thousand
$3.50, 100000 Dollars, as authorized by
Article PSI of the Constitution of the
State of Louisiana, adopted on No
vember 22nd, 1913. for the purpose of
providing for the maintenance of said
drainage system on all lands situated
in said District, and for the purpose Of
holding an election therefor;
Whereas, it is the opinion Of the
Board of Commissioners Of Bell City
Drainage District No. One, that 1t is
necessary that said Drain sc District
be authorized to create bonded in
debtedness in the sum Of Ninety
thousand ($99,D00901 Dollars to be
represented by one hundred and eighty
(1S0l bonds of Five hundred ($50O.O0)
Dollars each, to be- issued by said
Board Of Commissioners, to bear in
terest lat the rate Of five per cent per
tannum,. payable semi-annually, matur'
ing atssuch dates as may be fixed by
the said Board of Commissioners Of
Bell City Drainage District No. One,
at the time Of or prior to the Issuance
of same, and also in order to procure
the payment of said bonds, together
with the interest thereon, and an adj
ditional fund with which to enable
said Bell City Drainage District No
One to procure the necessary dredg-
ing machinery, rights of way and i'm
proyemants to properly and sufficiently
drain the land comprised within said
drainage district, that it is necessary
that an advalorem 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 2S1 of the Constitution Of the
State of Louisiana, as adopted NoVem-
Der 22nd, 1913, and amendments there
OF, be levied on all property comprised
within the limits Of said Bell City
Drainage District No. One, for period
Of twenty-five years. commencing with
the year 1920, and ending with the
year 1914, both inclusive.
Section One. Be it Ordained by the
Board of Commissioners of Bell City
Drainage District No. One, that said
advalorem tax of such amount as may
be fixed by the Board 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 22hd, 1913, as amended, be
levied on all property subject to State
taxation, comprised within the limits
of said Bell City Drainage District No.
One, for period Of twenty-five years,
commencing with the year 1920, and
ending with the year 1914, both In.
elusive, and the funds derived from
said adYaloreni tax shall be used ex
clusively 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: Fer the payment Of the ex-
/ penses OF organization and tho rum
ming and operating expenses Of said
Board of Commissioners of said Drain
age District, and operating the drain,
age canals, bitches and machinery
owned, operated and controlled by said
drainage district, the title to which
shall be vested in said drainage dist
riot:
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
necessary and proper economically TO
drain the property included within the
limits thereof.
Section Two, Be 1t Further 0rdain
ed, ETC., That the said Board Of Com
missioners of Bell City Drainage Dist.
riot No. One, do hereby submit TO the
tqualified voters Of said Bell City
Drainage District No. One for their
approval and ratification, the creation
of bonded Indebtedness and issuance
| of bonds in the sum of Ninety thous.
and (S90,000.00) Dollars, as aforesaid,
and the levying annually by said
Board of Commissioners of an annual
ladyaloTem tax, in such amount as may
| be necessary from year to year, not
/ xceeding ten mills On the dollar, on
ALI property subject to State taxation
located within the limits of said Bell
City Drainage District No. One, for a
period of twenty-five years, commence
ing with the year 1926, and 9ending with
the year 1914, both inclusive, said cleo
ton to- be held at the Office of the
North American Land & Timber Com
pany, Limited, at Bell City, Louisiana,
within said District, on Tuesday, Jan,
uary 18th, 1920, the polls to be opened
at seven o'clock a. M, and closed al
five o'clock p. m, at which election
there shall be submitted to the quail
fed electors the above proposition up
CT ballots containing the following
words, to;s;wit: rs
FOR LEVYING AN .ADVALOREM
syga M TAX,
Proposition to levy an adj ,-
IRalorem tax of such amount
as may. be necessary from