The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-12-24
LEvEE BOARD RESOLUTIONS.

On motion of Commissioner Shields
duly seconded by Commissioner Kel,
the following resolution, after dis
cussicn, was unanimously adopted:
BE 1T RESOLVED, That this
Beard. availing itself of the authority
vested in it by Act No. III OF the .
Acts of the Legislature of the State
of Louisiana for the year 1916, en- =
titled An Act to authorize the Board
Of Commissioners for the Fifth Louis I
lara Levee District to issue and
negotiate bonds not to exceed Ore
Million Dollars additional to the ISSUES
authorized by Section II, of Act IA
Of 1886. and Act 134 Of the General
Assembly of Louisiana, Session of
, 1912 etc, do issue its bonds to the
amount of S25O,000.00, of the de-
nomination of One Thousand ISL
=. 10000 Dollars each; said bonds to
1 be PAYABLE to bearer, to be signed by
!, the President of this Board officially,
4 and attested by the signature of the
Secretary and seal Of the Board, to
become due in fifty years, and to be
; payable at the option of the Board
>. in forty years from the date of their
issue; to bear interest at the rate OF
five per cent per annum from the
date of their issue; said interest to
be evidenced by coupons attached to
~ said bonds, payable semi-annually,
. PAYABLE at the office of the State
, Treasurer of Louisiana, Baton Rouge
~ La, and subject to all the terms, pro-
visions and conditions of said Act 14l
:. of the Acts of the Legislature of the
-, State of Louisiana for 1916, and fol
a purposes set forth therein.
- BE IT FURTHER RESOLVED
That this resolution and each an'
10 every part and clause thereof ant
es every part and clause of Act 141' o
|. the Acts of the Legislature of tn
"A State of Louisiana of 1915, be an
Ia they are hereby constituted a par
- of the contract between this Boar
"a and any and all future holders of an
.or of said bonds, or coupons, to D
~, issued under the provisions of TIL
90 resolution and said Act 14I, of 191t
sh BE 1T FURTHER RESOLVED
That the President of this Board
hereby authorized and instructed
- have Two Hundred and Fifty ,25O
- bonds of the denomination of Or
I.r Thousand ($1, 00O.00) Dollars eac
.;d properly engraved as soon as possibl
M and to have them bear the date
,o1 January Is, 1922, and number'
from 1927 to 1777 inclusive.
~ BE 1T FURTHER RESOLVE
That the President of this Board al
the members are hereby constituted
oa committee and are instructed to
, i vertise for bids through the colum
- of several periodicals setting for
the date of sale and manner Of sa
,oI for the legal length of time. Said b
=. to be sealed bids and shall be open
bv the Board of Commissioners,
- the domicile of the Board Tallul'
owe La. at the specified time of the
~. vertisement. Said bonds to be 81
~. for not less than their par value
.o shall be in the following form,
anne wit:
.ms UNITED STATES OF AMERI'
law STATE OF LOUISIANA
81 100000 Number $1,000
,,;on The Board of Commissioners
his Tor
ol,o- Fifth Louisiana Levee District
and Know All Men By These Prese1
,,ow That the Board of Commission
for the Fifth Louisiana Levee
.;cht trict, a corporation created by
To-. No. "A of the Acts of the Legisiat
If the State of Louisiana for the
dent 1886, approved July 2, 1885,
value received, hereby promises
pay to bearer fifty years after
en- with the option of said Board
Commissioners to pay the same
Raw forty years from the date hereof)
cow sum of One Thousand $4,000
,rher Dollars, together with interest Il
on from the date hereof until
principal sum is paid at the rat
n La five per cent per annum, payDie
annually on the Fifteenth da'
January and July in each yea'
presentation and surrender OF Tn
IN ,...t spetcive interest coupons the
q has hereto attached as they SEVERAL
S1sstiy come due.
diiioas Both the principal and intere
lly and this bond are payable in gold &C
7, ,so sur, the United States of America Q
ing the present standard of weight and
Ding .ts ness at the Office of the Trei
nue. nue. of the State of Louisiana or
err Or, Fiscal Agency of the State !
iais. City of New Orleans.
Te'so~ This bond is one of total a
lied issue limited to $1,000
authorized by the provisions
No. 141 of the Acts Of the L
ture of the State of Louisia
AI>& -.