The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-09-03
Gnral ann 5nttal :JtptttH

= the issuance of EIGHT HUNDRED
dHOUSAND $500, 000.00) DOL.
OAkS Of negotiable bonds, the pro.
ceeds OF said issue to be used for the
purpose of constructing, improving
ana maintaining public roads and
highways throughout the territorial
InHtS OF Concordia Parish, said
election having been held ON said date
ana passed by a majority vote in
number and amount of its qualified
property taxpayers, authorized the
governing authority of Concordia
Parish to incur debt and issue ne
Eotlable bonds for said amount of
EIGHT HUNDRED THOUSGND
$500, 000.00l DOLLARS said cleo
ton having been duly promulgated
according to law, and,
( WHEREAS, in accordance with said
authority granted by said election to
the governing authority did issue and
sell FIVE HUNDRED THOUSAND
| t$5O0, 000.00) DOLLARS of necoti-
able bonds for said purpose. leaving a
balance authorized to be issued. hut
yet unissued and unsold of THREE
HUNDRED THOUSAND $500. 600.
O0l DOLLARS, and, :
WHEREAS, Article Id, Section Id.
Subdivision L.. /, 2 and 8 of the Con-
stitution of the State of Louisiana
1921, authorizes the sub division of
the State heretofore authorized, to in
cur debt and issue negotiable bonds. |
whenever same has been authorized
by a majority vote in number aud |
amount Of its qualified property tax.
payers. authorizes it's governing au.
thority to incur debt and issue nego-
liable bonds, and said bonds have not !
been sold, the governing authorize |
thereof may isue and sell said bonds, |
without necessity on an election there a
for, under either of the following
conditions:
LIST. The bonds so authorized nay
be issued in accordance with the
terms and conditions set forth "A the
submitted at said election:
but If it be desired to sell said bonds +
under par and for not less than ninety
t90c.) on the dollar. and accrued in
'erest, the governing authority of any
sub division may do SO, provided the
Intention to do so be advertised for
l period Of THIRTY (3O) DAYS, as
low, or hereafter provided by law.
End. The governing authority of
aid subdivision may authorize the
ssuance of said bonds according to
ne terms and conditions set forth and
in the proposition, or prop
'sltlons submitted at said election
kept that the said bonds shall bear
rate of interest not exceeding six
'er centum (69oI payable semi an.
Iualiy after SIXTY (60) days pub
shed notice Of such intention.
Srd. 1t "a petition, or remon-
trance signed by ten per centum OF
be qualified property taxpayers OF
be subdivision be fled with the
overning authority thereof, within
aid above designated period, no
onds shall be issued Hereunder, un-
Il authorized by a vote of ma
Ority in number and amount of the
uailfied property taxpayers, voting
t an election thereafter to be held,
nd,
WHEREAS. the said governing att
lority of the Parish of Concordia.
a., has decided upon the 2nd method |
bove set out, to sell said bonds, at
ar and accrued interest and bearing
annually. and has declared and does
S~1dkC tSc ttttGtfttOtt " 10 80 GHu Or
er this intention advertised for a
eriod of SIXTY t60) days, in the
heal journel Of the Parish, NOW,
Section 1. Be it ordained by the
olice jury. of Conccrdia Parish. La.
adjourned regular session convened
at they do hereby declare their in
ntion of advertising in the .officia. t
urnel Of Concordia Parish. La, for
LXTY f60) days to issue and sell
[FTY THOUSAND ($50,000.0o)
0LLARS worth of bonds or such
Irt thereof as they may from time
time seem necessary, said bonds to
sold at par, and accrued interest
ID bearing interest at the rate of
per cent, as provided in Article Ia,
ction IA, Subdivision l., and s
the Constitution of the State of
1921.
Section2.+ Be It furtherordained, &
=, That this ordinance shall be pub
he'd in the Concordia Sentinel, the -
icial journel for Concordia Parish, :
for period of SIXTY AZ
Oh days, as published notice, as
Oveded by the above article of the
institution. Uf
Section 8. Be it further ordained,
:, That all ordinances, or parts
,reof, in conflict herewith, are
-eby repealed.
B. C. BROWN, President.
John DALE. Jr.. Secretary. the