Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-11-05

II .trt. y I''..4 y ''ttt.As y .'.l Il' =
On motion of Mr.. MrPhers0H. sec
nndel ty Mr.. Stcbbins, the following
resolution WAS offered:
RESOLUTION.
WHEREAS, under Article XIV, Sec
ton Il, h, of the Constitution OF the
State Of Louisiana, adopted Oh June
18th, 1921, it is provided; That:
Whenever any subdivision Of the
State heretofore authorized to incur
de5t and issue negotiable bonds there
for has, by a majority vote, in number
and amoLnt, Of its qualified property
taxpayers, authorized its governing au.
! thority to incur debt and issue nsgotis-
bic bonds, but said bonds have not been
sold, the governing authority thereof
may issue and sell said bonds, without
thc necessity of an election therefor,
under any of the following conditions:
The governing authority Of such
subdivision may authorize the issuance
OF said bonds, according TO the terms
and conditions set forth and contained
in the proposition or propositions sub
mitted at said election, except that said
bonds shall boar rate Of interest not
exceeding six per cent, payable semi
annually. after sixty 800 DAYS VIb.
ilshed notice Of such intention, in Q
weekly newspaper in the parish in
which the bends are 10 be Sold and il
there is no newspaper published in the
parish, By posting in three public places
therein
And whereas, on August 2Srd, 1921,
at an election held in the Town Of Alb.
hcville, Louisiana, there was submit.
to the property tar payers of the
| Town of Abbeville, La, such as were
qualified to vote as such An election
under the Constitution and laws Of the
State Of Louisiana, the following pro.
position to-wit:
TO authorized the Mayor and
Board of Alderman of the Town OF Alb
! beville, Louisiana, to incur debt on
/ bcnalf of and in the name of the Town
of Abbeville, Louisiana, to the amount
Of One Hundred and Twenty-Five (12s,
O00.00) Dollars, and to Issue and sell
serial negotiable semi-annual interest
bearing coupon bonds evidencinE said
indebtness; said bonds to bear Interest
at the rate Of Ave per cen,um Der an.
| mum payable semi.annuaiiy and 10 run
for period IF TWENTY-FIVE (25) years
from date thereof, and both the princi.
pal and interest Of said bonds to be
."cure1 hv sufficient tax 20 be- levied
and collected each wear in accordance
with Article PSI of the Constitution
anu the laws of the State OF Louisa ma,
The proceeds from the sale Of said bonds
at not less than par, to be used for the
purpose of purchasing and constructing
S"stpms 1T water works aud electric
lights with the Town of Abbeville. La,
title &c which shall vest in the Town Of
AbbeVille, Louisiana.
Aud Nnercas the proposition above
so forth anu submitted 20 She propsrtv
taxpayer. OF the Town OF AbbevifIs.
Louisiana, qualified to vote under the
institution and laws Of the State Of
Louisiana, at said election held on Au-
gust 23rd, 1921, was carried bv mai
GRITTY OF the votes east in numbers and
amounts, public proclamation Of which
results was made by the Mayor and
Board of Aldermen of the Town Of Alb.
beviiie, La, in open end public session
"a August 24th, 1921, and afterwards
promulgated by publication in the Of.
fetal todrnb Of the Town Of Abbcyills,
La, the Abbeville Progress, on Al.
INST 9TH. 1921, and the MAYOR and
Board of Alderman of the Town Of Ab.
beville, La. we're authorized TO issue
bonds according TO the terms and cor.
ditiOinS set forth and contained in The
proposition submitted at said election:
And Whereas, said bonds have not
been issued, hut il Is the intention Of
the Mayor and Board of Aldermen ~
the Town Of Abbcvillr, Lonisiana. 20
issue said bonds. IN dle time, and ...
cording to the terms and conditions set
forth and contained in the proposition
submitted at said election, except that
the said bonds shall bear the rate II
SIX (6%o) per eentum per annum in.
terest, payable semi-annuallv:
Therefore, BE II Resolved, bv the
Mayor and Board IF Aldermen Of the
Town of Abhevillr, Louisiana, in spe.
clal session assembled. that NOTICE 10
hereby given to whom il does or nav
concern that il - the intention oF .hi,
body to issue, in due time, the bonds.
authorized by the property taxpayers
Of the Town If Abbeville, Louisiana.
qualified 70 vote and RIu voted at tho
special election in the Town Of Able
vile. La, on August 23rd.. 1921 "a
eording 70 the terms and conditions sst
f"rth and contained in the proposition
submitted al said election, exec. that
the said bonds shall bear interest NJ
the rate Of six (sos) per centun ne,
annun1, payable seni.annualy.
he u Further Resolved That mi, "a.
solution shall be published in ". Al.
oeNiile Progress, q newspaper published
weekly In the Town of Abberiilc, Ia.
and the Official journal of the Tow, ~
AobeviIle, tot sixty 800 dave. h,plnn
In9 with The issue of September i'm,
1921, and ending with the Issue Il Wow.
ember 18th, 1927, and unless a retItios
OF terftonstrahct. signed By ten be, ear.
yum Of the qualified property tavpaysrs
70 the Town of Abbeyille, Ia. be Y;i.d
With this body within said sbov. a.
signed period, the Bonds authorized
shall be issued with interest AT the ,sts
Of six (6T) per centun per .nn,m
payable SENT annually,
Ih" R"l 'all 81 the adoption Of tAs
resolution, resulted ss follows. !. A.
Boudreaux Tea, a. A. Ddbus Yea P. Q.
I:rou-a Ahscn. n. /. Nrrt.r.o..
Yea, T.. y. S'phbin., Yea. And ths
Maror declared she rs.pu,iou lnsni
nouslv adopted
here h-i"" 20 frrttpf business. the
Council adjourree.
VOW. p. LEBLANC,