The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-03-26
sEcRETARY'S REPORT

Taliuian, La, Marcn 10, 1871
To the Hon. President and Members
Board of Commissioners for the
Fifth Louisiana Levee District:
Gentlemen:
beg to submit q concise state
ment of the financial status Of this
Board to date:
Receipts From Taxes
June l to November 80, 1920 (year
1920 $20,009.29.
December 1920, Collections $780,
350.65.
January 1921, Collections 3d.
February 1921, Collections. 12,Sss.0o
Total $258,189.20.
The pro-rata of this Board under
the Flood Control allotment made
by the Mississippi River Commission,
which was deposited with the First
National Bank, Vicksburg, Miss, for
account of the President of the Miss
issippi River Commission, on Septem-
Der /, 1920 was as follows:
u. s. Fourth District $137, 10000.
u. s. Third District $125,000.00.
Total $262,500.00.
This was made by loan on certifi-
Gates of Indebtedness, from the First
National Bank, Vicksburg, Miss, for
$3.50, 100000, and interest at rate of
SO per annum, predicated on the re-
venues of 1921 and due in one year.
To this amount was added $12, 10000
from the general fund in the State
Treasury to complete the allotment.
This Board has paid in loans and
interest, since October 1, 1920 the
following amounts:
October 8, 1920. First National
Bank, Vicksburg, $30,900.0O.
November %, 1920. First National
Bank, Vicksburg, $20,600.00.
January IL, 1921. Helgason Bros,
Vicksburg, 26,500.00.
January IL, 1921. Mrs. Eva Hud-
son, Vicksburg, 31,800.00.
February 1, 1921. First National
Bank. Vicksburg, 139, 050.O0.
February 10. 1921. Helgason Bros.
Vicksburg, 26,5OO.O0.
March 1, 1921. First National
Bank, Lake Providence, $25,750.00.
March 8, 1921. First National
Bank, Lake Providence, $7,725.00.
Total $308,S25.00.
There is a balance to be paid on
certificate issued on loan made by
the Helgason Bros, Vicksburg, pre-
dicated on the revenues of 1920, one
for $50, 100000, with interest at the
rate of $50 per annum, due April
IA, 1921. This will complete the out
standing Indebtedness on loans for
this year.
Loan made by First National Bank,
Vicksburg, Hredicated on revenues
of 1921 and due September 1922:
$3.50, 100000.
Interest SO for year $15,000.00.
Total $685., 100000
There is a cash balance in the
Marine Bank & Trust Co., and Canal
Trust & Saving Bank, New Orleans,
La, as follows:
Marine Bank & Trust Company,
$11, 060.78.
Canal Commercial, $10,366.10.
Total $21,426.88.
/ am sorry to say our books will
show an overdraft on the State
Treasury of $9,956.41, when all of
reached that office.
have requested the First National
Bank, Lake Providence, to hold the
warrant issued it for $7,725.00 until
further notice We were unable to
forecast the amount Of the collections
for the month from the different
Parish Tax-Collectors, which fell
short Of expectations by at least
100000.
The funds in the two New Or
leans banks, by agreement with them
had, are subject Ito Warrants for
levee construction only.
The situation might be remidied
however, as a Temporary emergency
to tide over this deficit in the State
Treasury, by resolution of the Board
directing the President to transfer
the amount as an emergency from
the bank to the State Treasury, the
amount Of overdraft.
Beside the burden Of Flood Con-
troll and caring for outstanding in
debtedness, as the Board well knows,
all emergencies and maintenance of
the levees, high water protection,
with which we are confronted from
time to time, requires considerable
expenditure of money.
The Mississippi River Commission
which meets in st. Louis on the 18th
inst, will doubtless make the allott-
ments from the Flood Control appro-
priation Of Congress, which amount /
understand carries an appropriation
Of $6,800.00, for this year, of this
amount the district will probably
receive as its allotment from five to
six hundred thousand dollars. We
can safely estimate that the districts
pro-rata will amount to from $780,
10000 to $500, 100000, for this year,
which will have to be provided for
within 90 days of the notice thereof.
nope you gentlemen. will pardon
the liberty taken in this brief sum-
mary Of calling your attention to a
few facts relative to the Boards
financial conditions and its needs in
the future.
Detailed information is given Semi
Annual report published in each of
the Parish Journals of the district.
The Auditor of Public Accounts.
Hon. w. N. Mcfarland, makes a CON-
plete audit of the affairs of the Board
Semi-Annually Vouchers and sub
vouchers being sent to him for this
Audit.
Respectfully submitted,
o. w. CAMPBELL,
Secretary Board of Commission