Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-11-26
OFFICIAL MINUTES OF THE
ABBEVILLE TOWN COUNCIL
Continued from Page IL

rust 18th. l92l, that SAIL citc'l""
,ulted in favor Of tle proposition SUP
r;ttcd, and "
WHEREAS, under the Constitution
# the State Of LouisiaIa, adopted
J. ne 18th. 1921, Article XVI, Section
a a., it is povided, That:
Whenever any subdivision OF
the State Heretofore authorized to
incur debt and issue negotiable
bonds therefor has, by a majority
vote. in number and amount OF Its
qualified property taxpayers, au'
thorized its governing authority 70
incur debt and issue negotiable
bonds. but said bonds have not
been sold, the governing authority
thereof NAV sell said bonds, with
ont the necessity of an election
therefor, under any of tie follow
ing conditions:
"Tle governing authority of
such subdivision may authorize the
issuance of said bends, according
10 the terms and conditions set
forth and contained In the PROPOSE.
tion or Propositions submitted NJ
said election, except that sad
bonds shall bear rate of interest
not exceeding six per centum pay
able semi-annually, after sixty (6O)
DAYS published notice of such IN
tention, in weekly ne-yspaper in
the Parish in which the bonds are
to be sold
And. WHEREAS, by resolution
a,iorted bv the MAYOR and Board of
Aldermen of the Town of Abbeviile,
Louisiana, notice was given OF the IN
tention of said body to issue, in due
time the bonds authorized by the
property taxpayers of the I wn OF
Abbcvil'e. La, on August 23rd, 1921
according 20 the terms ard conditions
sct forth and contained In eli propo'
sition submitted nj said election, ex'
cont that the said bonds shall bear ill.,
terest al tine rate Of six. per centum
/ I6et) per annum, PAYABLE semi'anmiai'
": which said noti,e was published
weekly in the ''Abbeville Progress ;,
tie official Journal Of the Town OF Alb
l,e,-ille. Louisiana. from September 18th
1921. TO November 10Th, 1921. and nc
l-netitiop Of remaestEsnses hl.esssf-'sRg beef
tilpd thereto witt this BODY: and Thu
body is. therefore, authorized TO issu'
i said bonds with interest az the rate o.
six per centum per anrum, payable
semi.annually:
And, WHEREIN, under the Consti
tuition and laws Of the State Vt Lou
;siana, il is made the duty of and 1t
necessary that the Mayor and Board
Aldermen of the Town VI Abbevillt
Louisiana, as the governing authofit
of said Town of Abheville, Louisian;
should incur debt on behalf Of sal
Town If Abbeville, Louisiana, and i
sue negotiable bonds to represent tn
/. same.
Now, therefore,
Section One. Be il ordained by III
i Mavor aud Board Of Aldermen OF I'll
i Town of Abbev'll Louisiana. Tia
they do, under authority of. in aceor'
ance with and in the manner require
bv the Constitution and laws of Il
" state If Louisiana, AMI in accOrdan'
e with the vote Of the property taxpave
9 qualified as electors under the COns'
d tuition aud laws # the state of Louis
ma, voting at the speciai election he
N said Town of Abbevilie, L0uisian
,n Tuesday, August 23rd. 1921. and I
G. nd on behalf of the Town Of Abbevil
~ .onisiGna hereby incur bedt in the 81
tt Z ONE HUNDRED AND INVENT
I'VE THOUSAND sl25,0eo.Qo DO
LARS.
n Section Two. Be It Further Ordai
W. ID. etc. That to evidence said debt
.he amount OF Ono Htndfed and TIVE
H. Five Thousand tsl25,0Go0o) Dolla
! hereinbefDfe incurred, tle May
=. ,uil Beard IF Aldermcn Of the Town
ID .bbcville, louisiana, do hereby ord
r I'd authorize the issuanee Of two hi
rod aud ffty (250l negotiable bon
n. rmbeted from 81" to '2' 80" be
elusive, Of the denomination Of Fl
.,ldred $500 OO) Dollars, each, to
IN - period Of one TO twenty-five vet
s.. r9in aud after date thereof, aud
AZ interest nj the rute of six
as lam (6TI Ter an'hm. navable So
nj raliv on the first davs of June
ev :. cmbcr of each and ever" .'ear, s.
Is Test being evidenced by coupe
Dir ttmrhe,i to said bonds showing
mn a. mt of s,ri.annual i~terest due
81. .ach bond until its maturity.
l;crtion Three. Be II Further Orda
an I. etc, That the sal bonds shall
in ted Deeembr LIST, 1921. shall be nj
Mt I'D consecutivelv from 81 ITO 21'
AT tn numbers inclusive, and shall
be ~ as follows:
M. III Nos. Amount. Matu'
md to &. ipcEnsive. $3,000.J0, Decem
ain lst, 1922.
to u. Inclusive, 100000, Deem
LIST, 1923.
I'M ; to = Inclusive, 100000 Decem
see LIST, 1924.
! to "a, Inclusive, $4,000. DO, Decem
LIST, 1925.
end : to so. inclusive. s3,0O0.0O,. Decen
axe LIST. 1926.
are to 80, inclusive, 100000, Deeen
rae. lst. 1927.
+, 46 Inclusive. 100000, Deeen
list, 1928.
~ t. "A. inclusive, "a, 10000, Cecen
LIST, 1929
= to So. inclusive, 100000, Deeen
ist, 1890.
, t, 70, inclusive, s4,0O5.Od, Decor
LIST, 1881,
I to SO. Inclusive, 100000, Deeer
LIST. 1899.
T. 90, inclusive, s5,o0ooU, beeei
LIST, 1898.
Mt l to 100, inclusive, 100000, De
Rec " 10 10. inclusive, 100000, De
Der list, i935.
y to 100. inclusive, s5,0Oo.oo, DE-
Der LIST. 1926.
u 20 ls2, inclusive, 100000, d.
op Der lat. l937..
= to IA inclusive. s6,0o0.0o, n
bar ist, 1898.
La. 70 to l5s, inclusive. s6,ooo.o0i D.