The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-08-13
ORDINANCE NO

/ C0ncOrdia Parish, La, on the 9th day
Of May, 1919, called an election for
the issuance Of EIGHT HUNDRED
THOUSAND (S80O,GOO.OO) 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 Concordia
Parish to incur debt and issue ne
cJtiable bonds for said amount Of
! EIGHT HUNDRED THOUSAND
| $500, OO0.OO) DOLLARS. said elec-
ton having been duly promulgated
according to law, and,
[ WHEREAS, in accordance with said
authority granted by said election to
I the governing authority did issue and
sell FIVE HUNDRED THOUSAND
! (S50C,000.0U) DOLLARS of negoti-
allie bonds for said purpose, leaving a
! balance authorized to be issued, bur
yet unissued and unSCld Of THREE
HUNDRED THOUSAND i$3O0,O00.
I00) DOLLAkS, and,
WHEREAS, Ara. Gle Ii, Section L.
Sub division L.. l, ard 3. Of the Con-
stitution Of the State Of Louisiana,
1921, authorizes the Subdivision Of
the State heretofore authorized, to in
cur de0t 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-
thoTity to incur debt and issue rcgo-
table bonds, and said bonds have lot
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 nay
be issued il accordance with the
terms and conditions set forth in the
proposition submitted at said election;
but if 1t be desired to sell SAID bonds
under par and Tor not less than ninety
(9Oc.) on the dollar. ard accrued in
tercst, the governing authority Of any
subdivision may do 50, provided the
intention TO do so DE advertised for
a period Of THIRTY (30) days. as
now, or hereafter provided by law.
2rd. 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
osltions submitted at said election.
except that the said bonds snail bear
a rate Of interest not exceeding SIX
per centum (6fD payable semi. az
nu2ily after SIXTY 600 days pub
lisned notice CT such intention.
3rd. Ii a petition, or remon-
STRANGE signed by ten per centun 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, I'M
til authorized by a vote Of d ma
jority in number and amount OF tic
qualified property tax payers, vouue
at an election thereafter to be hello,
end.
WHEREAS. the said governing ait
thority of tire Parish Of Concord.a,
La, has dec dcd upon the 2ad method
above set cut, to sell said be- Is, at
par and accrued interest and bearing
v PSI SSAb ~ T1ty kS-S 1DAS DC AI--
annually, and has cecls9red ard does
declare its irtehtioI - do 50 and or
der this intertion advertised for {
period Of SIXTY (GO) days, in The
Official jourrei II the Parish, NOW,
ORE,
Section /. Be it ordained by tie
Police Jury, Of Concordia Parish La.
in adjourned regular session convened
that they Go hereby declare their il
tcntion Of advertising in the Official
jcurnCl OF Conccrdia Parish. La, f.
SIXTY Geo! Grys TO Issue and sell
FIFTY THOUSAND (S10,009.0O)
DOLLARS worth cf bonds or such
part thereof as they rnay from tine
IT, time seem necessary, said bonds to
'be sold 1T par, and accrued interest
land bearing interest at the rate OF
|G per cent, as provided in Article il,
lSacticn a, Subdivision L., and 5
of the Constitution OF the State of
Louisiana. 1921.
Saction2. Be it furtherordained
ETC., That this ordinance shall be pub
hshed in the Colcordia Sentinel. the
Official journel for Concordia Parish,
Louisiana. for a period of SIXTY
600 days, IS published notice, u;
provided 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 repeeled.
B. c. BROWN, President.
JOHN DALE, Jr., Serretsry.