The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-08-06
ORDINANCE NO.

WHEREAS, The Police Jury Of
Concerdia Parish, La, on the 9Th day
Of May, 1919, called an election for
the issuance of EIGHT HUNDRED
THOUSAND $500, 000.00) DOL
OARS of negotiable bonds, the pro-
ceeds Of said issue to be used for the
purpose of constructing, improving,
and maintaining public roads and
highways throughout the territorial
limits of Concordia Parish, said
election having been held on said date
and passed By a majority vote in,
number and. amount of its qualified
property taxpayers, authorized the
governing :, authority of, Copcordia
Parish to- incur debt and issue ne
Gotiable bonds. for said amount of
EIGHT HUNDRED THOUSAND
assoc, e00!e0) DOLLARS. said cleo
ton having been duly promulgated
according 60 law, and,
WHEREAS, in accordance with said
authority granted by said election to
the governing authority did issue and
sell FIVE HUNDRED THOUSAND
$500, O00.oo) DOLLARS of negoti-
/ able bonds for said purpose, leaving a
balance authorized to be issued, but
fy6J unlSSueu anu uiiSOI0 VI 4hSEH
HUNDRED THOUSAND tS3OO, 900.
00) DOLLARS, and,
WHEREAS, Article IA, Section ID,
Subdivision l., /, 2 and 3 of the Con-
stitution. of the State of Louisiana,
1891, authorizes the subdivision of
the State heretofore authorized, to in
cur debt and issue negotiable bonds,
whenever same has been authorized
by a majority vote in number and
amount Of its qualified property tax
payers, authorizes its governing au-
lthority to incur, debt and issue nego-
liable bonds, and said bonds have not
been sold, the governing authority
thereof may isue and sell said bonds,
without necessity on an election there
for, under either Of the following
CONDITIONS:
/ 1st. The bonds so authorized may
Ibe issued in accordance with the
terms and conditions set forth in the
lproposition submitted at said election
tbut if it be desired to sell said bonds
under bar and for not less than ninety
l(90c.) on the dollar. and accrued in
terest, the governing authority OF any
subdivision may do so, provided the
llnCenClOQ 10 20 50 OS 6oNSA I4SSu 1OA
a period of THIRTY 500 days, as
now, or hereafter provided by law.
| End. The governing authority OF
Fsaid 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 siH
lper centum 1917 payable semi an
nually after SIXTY (60) days pub.
llished notice of such intention.
Bird. If q petition, or remon
STRANGE signed by ten per centum Of
the qualified. property taxpayers Of
the subdivision be filed with the
governing authority thereof, Within
said above designated period, nj
: bonds shall be issued Hereunder, un
til authorized by vote OF a ma
jority in number and amount Of TIT
qualified property Taxpayers, voting
at an election thereafter to be held
and.
WHEREAS. the said governing an
, thority Of the Parish of Concordia
La, has decided upon the End methoC
ABOVE SET out, 70 sell S6lU UOuuSy u
lpar and accrued interest and bearing
, per cent interest, payable semi
ANNUALLY, and has declared and doe
declare its intention to do so and or
der this intention advertised for 1
period of SIXTY 600 days, in tn,
official journel Of the Parish, NOW
, THEREFORE,,
Section l.. Be it ordained by tn
! Police Jury, of Concordia Parish, La.
in adjourned regular session convene,
| that they do hereby declare their in
tention of advertising in the officia
l journel of Concordia Parish. La, 70
SIXTY (6O) days to issue and sci
/ FIFTY THOUSAND ($50,000.0o
DOLLARS worth of bonds or sue
: part thereof as they may from tim
, to time seem necessary, said bonds +
be sold at par, and accrued interes
and bearing interest at the rate o
per cent, as provided in Article Ia
Section Ia, Subdivision L., 2 and
of the Constitution of the State O
Louisiana, 1921.
Section2. Be it. furtherordained
etc, That this ordinance shall be pub
lished in the Concordia Sentinel, tn
lofhcial iournel for Co.cordia Parish