Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-11-26
OFFICIAL MINUTES OF THE
ABBEvfLLE TOWN COUNCIL


Abbeville, La NOV, 2lst, 1921, :
Proceedings of the ,aayor and Board
of Aldermen Of the Town of Abbevilie,
Louisiana, held at their regulaf meet
ing place, 1T Abbeviile, La, On Norday,
November 2lst, 1921. Theie were
present and answering roll call the fol-
lowing aldermen:
Messrs. J. Aros.ct Bcudresux, A. A.
Ddbus, d. l.. Mcpherson.
Absent: Ee AZ &tebbins and P, I,
Brousserd. 81
Among other bfhmess at this meet
ing, the follew;rs proceedings were
"; ss,s:s.. :s ,ss,., ,sss
formality or legality OF tie rpeeial elecs
ton held ON August 23,d, 1921, as well
as to file petition of renionstrunee TO
the notice OF intention of this body to
issue bonds, bearrtg six per cent per
anhum interest, III evidence Of tie debt
artlurized to be Incurred by tie elec'
ltion Of Aug. 23rd, 1921, had expired,
and that the time had arrived 10 incur
the Indebtedness authorized, and 20 is.
sue bonds in ev' lerce of TIE eanie'
He further stated that the Esspcs'
ments of properties in the Town of
Abbeville, La, totaled something over
- 1901, 100000 according to tie Aosess
nient Rolls for the year 1920, He sug
. gested the issuance Of 900 honda TO re-
present the inaebte mess of 10000,
TO be Incurred, CT The denomination Of
s $4,000, each, and stated that the prin
: ripal Of said debt, as well as Interest
= thereon, could be taken care OF by th'
= imposition of about Four iMll Tax
but suggested that for the first year ;
Y tax of Five Mills be imposed, thi
Q would create small sinking fund
l. which could later be appropriated,
Whereupon, Mr.. A. A. Di.hus prese t
y ed the following Ordinance, ard aske
l. the same be read and adopted; Tn
Ordinance wac read, and Mr.. McPhel
q son seconded Mr.. Dubus motion for II
II adoption, The Ordnance follows,
AN ORDINANCE.
y OF the MAY or Had Board Of Aide
Is men of the Town Of Abbevil,e, Lou
E. isiana, iheurri g debt of One Enndre
is and Twenty-Five Thousand (el25,oQO
lie collars, for and on behalf of the Tow
Of Ahbevilie, Louisiana, providing {,
IN the issuance Of two hundred and ff'
II (250) negotiable bonds to eviden,
or said debt, providing the form Of Il
bonds, the denominations thereof, Il
or time of payment Of each an ewes
Is. bonds, ievying and ordering rssess'
IN upon all property in the Town of A
W beville, Louisiana, Of Five t5) M
tax. to be used for the purpose
- paving the principal and Interest
an said bonds due In the year 1g22, Hi
"a providing for the recordstion and pu
AN icatfon of this ordinance.
q, WHEREAS, in accordance With
ordinance Of the Mayo. and Board
Aldermen of the Town Of Abbevil
/. louisiana, adopted on Jure 18th, 49,
iii a special election was held In the To-
of Abbevilie, Louisiana, on Tuesdi
August 23rd, 1921, at whici. elect
the following proposition was submit
to the property taxpayers qualified
electors under the Constit ition a
laws of the State of louisiana:
''Proposition No. Ito author
ize the Mayor and Board of Alder
men of the Town Of Abbeville, La
to incur debt on behalf Of and il
TIE name of the Town of Able
vile. Louisiana, TO the amount o
U3N bundled anu lWcntV-ffN
/ Thousand (si25,ooo.00) Dollars
aud to Issue aud sell serial iegt
u tiai IL seniI-anhda Interest bearin
- coupon bonds evldeneing said II
debtednpss, sdid bokds 20 bear /,
ttrest at the rate 81 Ave per ee,
tim t5&l raj anhurh, pavabl
semi annually, and TO sHA fos
period OF twenty five years fro,
date thereof. And both the Prime
pal and interest of said bonds
be secured By sufficient tax
be levied and collected each sc.
in aecofdaree With Article 2sl
the Constitution and the Laws
y the state of Louisiana, the py
eeeds from the sale of said bond
not less than par, TO he used Z
the purpose I purchasing and 90
sifucting a system Of water worI
and electric TIGHTS within theTov
Of Abbeville, Louisiana, title
which shall vest in the Town
! Abbeviile, Louisiana.
and And, whereas, as will appear BY
9rotes verbal and promulc. alton of
ing results Of said Special Election. BY
mia (Coptipued on Page 81