Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-11-12

On lau;ion Of Mr. McPherson, see
ii. }ci Ly NJ. Stchhilz, .ue following
resolution vas offered:
HESo LUTON.
!. allEA~ ANA + article NV, See
in 4. I'D. "i the Constitution of the
State of Louisiana, adopted on June
18TH, 1921, it is provided; That:
... .s... Is. rI'g ~ the
.. -. 80. .d,t ...,t { i"cuI
...i ait Issue ny ,tIaDle bonds there
fer has, by majority vote, IN number
and amOdnt, of its qualified property
taNLa,eTs. auth .ri4eG it's governing Ru-
horitv To- incur debt and issue negotia-
BILE bonds, but said bonds have not been
suid, the governing authority thereof
~ ls-.,e aud sell said bonds, without
.. 49, II al election therefor,
under any OF TIC following conditions:
" fhc = 'vernihg authority Of such
suhi;-ic;tr go, -r-' =. - ~
Z ,.-- -; -
..- ,.-...t,1..S &c, 1olth sud G0ntaIhed
in the proposition or propositions sub
United at said election, except that said
All -. lIte E lntrrest not
. e., IL Ok er cent, payable semi
Annually, al sixty (60J davs pIb
i.sAed rotice : such mtention, In o
eek news, a - = he parish J.
" itf the bones A. 70 = sold. and II
there ia no newspaper published in the
PARISH, by posting IL three public places
herein.
And whereas, on August 23rd, 1921,
at an election held in the Town of Alb
beviile, L.ui>iaua, there was submit
to the property tax PAYERS of the
/ C.wn Of AbLevill,, La, such as were
qualified To vote as such an election
,:nder the Constitution and laws Of the
State Of Louisiana, the following pro-
'Gsition /, wit
To anthpri,cG the Mayor and
.,nari If Alderman Of the Town of Alb
beviile, Louisiana, TO incur debt on
behalf of and in the name of the Town
Of Abbeville, Louisiana, TO the amount
of One Hundred and twenty-five (l25,
100000 Dollars, and TO Issue and sell
4eriaL gytahie- semi -aap9iaaii- -iAteFesss
hna ring coupon bonds evidencing said
indebtness; said bonds to bear interest
at the rate Of five per eentum per an
nnm payable semi annually and to run
for a period If TWENTY-FIVE (25) years
from date thereof, and both the princi.
pal and interest of said bonds to be
secured by sufficient tax to be levied
and collected ench year in accordance
with Article PSI of the Constitution
and the laws f the State ~ Louisiana,
The proceeds from the sale II said bonds
at not less than par, to be used for the
Hrpase of purchasing and constructing
systems of water works and electric
lights with the Town of Abbeville. La,
'tln IF which shall vest in the Town Of
Abbeville, Louisiana
And Whereas the proposition above
s"t forth and submitted to the property
TAXPAYERS of the Town Of Abbsvilis.
Louisiana, qualified to vote uudnr ths
est itu'ion and laws If the State Of
Louisiana, at sal election held on Au.
gust 23rd, 1921, was carried hv a mai.
ority OF the votes cast in numbers and
amounts, public proclamation If which
results was made by the Mayor and
Board of Aldermen Of the Town of Alb.
oeville, La, in open and public session
on August 24th, 1921, aud afterwards
promulgated by publication in the OF.
fetal journal of the Town of Abbeviile,
La, the Abbevills Progress" on Au.
gust 9th. 1927, and the Manor and
Board Of Alderman Of the Town Of Alb.
beville, La. were authorized TO Issue
bonds according to the terms and con.
htioins srt forth and contained In The
proposition submitted nj sal eleetioni
And Whereas, said bonds have not
been issued but it is the intention Of
the Mayor and Board Of Aldermen Of
the Town of Abbevillc, Louisiana. 10
issue said bonds, in dde time, and az.
cording to thp terms and condition. set
forth and contained IN the proposition
submitted at said election, except that
The said bonds shall bear the rate IL
SIX (oR) per centum per annum IN
terest, payable scmi.annus'fv:
Therefore, BE II Resolved. bv IN.
Mayor and Board Of Aldermea of IA.
Town Of Abbeville, Louisiana, in sps.
clal session assembled, that NOTICE Is
hereby given 10 whom il does or NAV
concern that it is the intention Of thi,
BODY TO issue, in due time. the bonds.
authorized by the properly TAXPAYER.
Of the Town Of Abberil,c, Lonisisps
qualified to vote and VINO roted M ,hs
special election in the Town rf Ahbe-
VILE. La, on August 22rd., ggl, &c
cording 10 The terms and '0nii,i4ns sn,
r'h and contained IL nc ptep1stio1
submitted at s9li election. ex,s,,f tan,
the said bond shat boar in,ers-. a.
the rate Of six (eeo) per esntun Der
sarurn, payable seni.annually.
Re II Further Resolved That this 70
solution shall be published ~ tte A.
oeville Progress, newspaper published
weekly IN the Town of Abbevilie. la
and the official journal Of the Town of
Abbeville, for sixty (60) days, beeinn.
ing with the Issue Of September I7ib.
1921, and ending with the Issue Of Nov,
ember 10Th, 1921, and unless a petiiion
Of remOnstrance, signed by ten per cen.
tum Of the qualified propeetv taxpayers
70 the Town Of Abbeville. La, be f;tsd
with this body within said abov. d.
signed rcriod, the bonds authorized
shall be issued with interest at the rate
OF SIX (oFl per centum per AMMAN.
payable sem:-annuslly.
The Roll Cali OF the adontion of tia
resolution, resulted as follows: ! A
Boudreaux Yea, A. A. Ddbus Yea p n
"r'ussard Absent D. L. McPberson
Yea, E. n. s:ebbirs, Yea. And tho
Ma,or declared the resolution Lnani.
mously adopted.
to~e hoir9 10 further business. ths
Council adjourned.
r0% p. LEBLANC,
J. C. RRotssARn Mryo,.