The Concordia sentinel., 1921-09-24
ORDINANCE NO.

"AHAsA1@10I " AhS o4lct. Jury Oh
Concordia Parish, La, on the 8th day
of May, 1919. called an election for
the issuance of EIGHT HUNDRED
THOUSAND ($8OO, ,OOO.OO) DOL
OARS Of negotiable bonds, the pro-
ceeds of said issue to be used for the
purpose of constructing, improving,
and maintaining public roads and
highways. throughout the territorial
limits. of : .Concordia Parish, said
election having been held on said date
and 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
gotiable bonds for said amount of
EIGHT HUNDRED THOUSAND
l$8Q0,000.00) DOLLARS. said cleo
ton having been duly promulgated
according to. law, and, -
WHEREAS, in accordance with said
authority granted by said election to
the gSvernittk authority die, issue and
sell FIVE HUNDRED THOUSAND
$500, ,000.00) DOLLARS of negoti-
able bonds for said purpose, leaving a
balance authorized to be Issued, But
yet unissucd and lfnsofd of THREE
HUNDRED THOUSAND ($308, 600.
0Ol DOLLARS, and,
WHEREAS, Article ID, Section Ia,
Subdivision L.. 1, and Of the Con-
stitutiOn of the State of Louisiana,
1921, authorizes the subdivision of
the State heretofore authorized, to in
cur debt and issue negotiable bonds.
whenever same has been authorized
amount of its qualified property tax
payers. authorizes its governing au-
thority to incur debt and issue nego-
table bonds, and said bonds have not
been sold, the governing authority
thereof may ishe and sell said bonds,
necessity on an election there
for, under either of the following
conditions:
1st. The bonds so authorized may
be issued in accordance with the
terms and conditions set forth n the
submitted at said election;
but if it be desired to sell said bonds
under par and for not less than ninety
(90c.) on the dollar, and accrued m:
terest, the governing authority of any
sub division may do SO, provided the
intention to do so be advertised for
a period of THIRTY (30) days, as
now, or hereafter provided by law.
End. The governing authority of
said subdivision may authorize the
issuance of said bonds according to
the terms and conditions set forth and
contained in the proposition, or prop
ositions submitted at said election,
except that the, said bonds shall bear
a rate of interest not exceeding six
oer -eentum l6Il payable semi an,
nually after SIXTY, (60) days pub
lished notice of such intention.
.Srd. If petition; or remon-
STRANGE signed by ten per centum of
the qualified property taxpayers of
the subdivision be filed with the
governing authority thereof, within
Said above designated period, no
bonds shall be issued Hereunder, un-
tiE authorized by a vote of a ma
iority in number and amount of the
qualified property taxpayers, voting
at an election thereafter to. be held,
and. 's.e@ r. -
WHEREAS. the said governing au-
thority of the Parish of Concordia.
La, has decided upon the End method
above set out, to sell said bonds, at
par and accrued interest and bearing
6 per cent interest, payable semi
annually and has declared and does
declare its intention to do so and or
der this intention advertised for a
period of SIXTY (60) days, in the
official journei Of the Parish, NOW,
THEREFORE,
, Section 1. Be it ordained by the
Police Jury, of Concordia Parish, La,
in adjourned regular session convened
that they do hereby declare their in
tention of advertising in the official
journel of Concordia Parish. La, for
SIXTY (60) days to issue and sell
FIFTY THOUSAND ($50,000. .00)
DOLLARS worth of bonds or such
part thereof as they may from time
to time seem necessary, said bonds to
be sold at par, and accrued interest
and bearing interest at the rate of
per cent, as provided in Article Il,
Section Ia, Subdivision L., 2 and 8
of the Constitution of the State of
Louisiana, 1921.
Section2. Be, it .furtherordained.
etc., That this aEdinance shall be pub
lished in the Concordia Sentinel, the
official journel For Concordia Parish,
Louisiana. for a period of SIXTY
(60) days, as published notice, as
by the above article Of the
Constitution.
Section g.. Be it further ordained
ETC., That all ordinances, or parts
thereof, in conflict herewith, are
hereby repealed.
B. C. BROWN, President.
JOHN DALE, Jr., Secretary.