The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-09-17

governing authority of Concordia
eotiable bonds for said amount of
/ $500 100000 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
! ($500,000.00) 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.
/ O0) DOLLARS, and,
WHEREAS, Article ID, Section ii,
Sub division L.. /, 2 and of the Con-
stitution of the State of Louisiana,
1921, authorizes the subdivision of
the State heretofore authorized, to in
cur debt and issue negotiable bonds.
whenever same has been authorized
by majority vote in number and
iamount Of it's qualified property tax
payers, authorizes it's governing au-
thcrity to incur debt and issue nego-
table 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:
list. The bonds so authorized may
be issued in accordance with the
terms ard conditions set forth n the
proposition submitted at said election;
but if it be desired to sell said bonds
under par and for notices. than ninety
t90c.) Oh the dollar. and accrued in
terest, the governing authority OF any
sub division may do 50, provided the
intention to do 80 be advertised for
a period Of THIRTY (30) DAYS. as
now, or hereafter provided by law.
End. The governing authority of
said sub division 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
g rate of interest not exceeding SIX
per ceHt"m t6%Cl payable SEMI an
nually after SIXTY (60) days pub
lished notice of such intention.
Bird. If a petition, or remon- !
STRANGE signed by ten per centum of !
the qualified property taxpayers OF
the sub division be fled with the
authority thereof, within
said above designated period, no
bonds shall be issued hereunder, W
til authorized by a vote of a ma
lority in number and amount of the
qualified property tax payers, voting
at an election thereafter to be held,
and.
WHEREAS. the said governing au-
thcrity of the Parish of Conc6rdia. +
La, has decided upon the 2nd method .
above set out, to sell said bonds, at .
par and accrued interest and bearing
3 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 lourncl of the Parish, NOW,
THEREFORE,
Section /. Be it ordained by the
Police Jury, Of Concordia' Parish, La. !
n adjourned regular session convened
that they do hereby declare their in
.ent;on of advertis nc in the official
Iournel of Concordia Parish. La, for
SIXTY 600 days to issue and sell d,
FIFTY THOUSAND ($50,000.00J I
worth of bords or such
part thereof as they may from time
20 time seem necessary, said bonds to
be sold at par, ard accrued interest
ard bearing iEteiest at the rate of
per cent, as provided in Article Ia,
Section Il, Subdivision L., 2 and 8 ]
# the Coast tuition Of the State of l.;
Louisiana. 1921.
Section2. Be it furtherordaincd,
ETC., That this ordinance shall be pub
ished ii the Concordia Sentinel, the
,fficial journel for Concordia Parish, I
louisiana. for a period Of SIXTY
l60) days, as published notice, as
,rOveded by the above article of the
Section 3. Be it further ordained. h
.tc., That all ordinances, or parts !
hereof, in conflict herewith, are
hereby repealed.
B. C. BROWN, President. y
JOHN DALE, Jr., Secretary, Y