The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-09-10

governing authority of Concordia
Parish to incur debt and issue ne
potable bonds for said amount of
EIGHT HUNDRED THOUSAND
$500, 00O.O0) 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
(S500,OO0.00) DOLLARS of negoti-
able bonds for said purpose, leaving a
balance authorized to be issued, but
yet unissued and unsold of THREE
HUNDRED THOUSAND $500 900.
I00) DOLLARS, and, +
WHEREAS, Article ID, Section IA,
Sub division L.. 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 majority vote in number and
amount Of its qualified property tax
payers, authorizes its governing au-
thcrity to incur debt and issue nego-
table bonds, and said bonds have not
been sold. the governing authority
thereof may isre and sell said bonds,
without necessity ON an election there
for, under either of the following
conditions:
LIST. The bonds so authorized may
be issued in accordance with the
terms and conditions set forth n the
proposition 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 in
terest, the governing authority of any
may do 50, provided the
intention to do SO be advertised for
a period Of THIRTY 900 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
per centum (69Sl payable semi an
nually after SIXTY (60) days pGD-
lished notice of such intention.
3rd. If a petition, or remon-
STRANGE signed by ten per centum OF
the qualified property Taxpayers of
the sub division be filed with the
governing authority thereof, within
said above designated period, no
bonds shall be issued Hereunder, IN
til authorised. by a vote of a ma
jcrity in number and amount of the
Qualified property taxpayers, voting
at an election thereafter to be held,
and.
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 journel Of the Parish, NOW,
THEREFORE.
Section l. BE It ordained by the
Police Jury, of Concordia Parish, La.
in adjourned regular session convened
that they do hereby declare their Ing
tention of advertising in the Official
journel Of Concordia Parish, La, for
SIXTY (G0) days to issue and sell
FIFTY THOUSAND $3.50, 000.OO)
DOLLARS worth Of bonds or such
part thereof as they may from time
to time seem necessary, said bonds to
be sold &C par, and sccrued interest
and bearing Interest at the rate OF
6 per cent, IS provided in Article Ia.
Section Ia, Subdivision L., and 8
of the Constitution of the State of
Louisiana, 1921.
Seetion2.. &c it .furtherordained,
etc, That this ordinance shall be pub
lishcd ii tie Coacordia Sentinel, the
official joarnel for Concordia Perish.
Louisiana. for a period of SIXTY
t601 days, as Published notice, as
rrovcded by the above article of the
Constitution.
Section 8. 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.