The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-12-31
PROCEEDINGS SFECIAv. NEST.
ING POLICE JURY,


get, lCvying and setting aside miiiag
, for the 3500.000.00 bond issue an,
for the S50,000.00 bond issue an,
generally for such other business 81,
may come before the jury, and Their,
We're present the following members
to-wit:
Dr. J. c. Culpepper, S. L. Winston
Z. s. Carter, 6. l. Maxwell, p. c
Brown, F. II. Fleming, r. S. WilGs ant
7. j. Williams; being all cf the nls:.:
bers Of tie Police Jury, each ac
lnowedging receipt Of the notice Of
said special meeting and consentinc
to the consideration Of such matter
mentioned therein, and any oUnei
matter that may come before them.
AIl'of the members being presen;
nd & quorum, the President cell c TX
meeting tn order end the following
business WIS dispensed with.
On rllrion Of My. Fleming. duly
seconded by DR.. Culpepper, the fol
loving Ordinance was offered and
unanimously adopted:
ORDINANCE NO. al.
BE 1t IurJher ordained by 5he Pc
/ lice Jury Of Coneordia Parish. La.
lin special session convened, duo no.
tee thereof having been previously
given. that Section 3 of Ordinance
/ No. 48, designating the Vidalia Pank
/ e. Trust Company, of Vidalia, Louisi-
ana as depository for the proceeds Ct
the 100000 bond issue, is hereby
repealed.
Section 2. Be it ordained. etc. That
all ordinances in conflict with this or
dinance are hereby repealed.
The above ordnance received the
following votes, t0wit:
Yeas, Eight. NAYS. None.
p. C. BROWN. President
JOHN DALE, Jr., Sec'y.
The following telegram was re-
ceivcd from the Jennings National
Bank:
Jennings, La, II 20 a. IN.
December 17th., 1921
john Dale, Jr., Secretary, Police
Jury, Vidalia, La.
Referring telephone conversation
we will deposit with Marine Bank
New Orleans certificate OF deposit is
sued by Marine Bank for Fifty per
cent Of bond depcsit TO he hold in es-
crew for account of Police Jury Con-
cOrdia Parish pending life of deposit
of Fifty Thousand Dollar Bond issue.
This certificate to be held in lieu of
depository bond. Wire answer.
JENNINGS NATIONAL BANK
And on motion OF Mr.. Wilds, duly
seconded by Mr.. Maxwell, the propo-
sition Of the Jennings National Bank
as per the above telegram. was ac-
cepted unanimously by the Police
jury.
G,r. Wilds, seconded by Mr.. Max
well, offered the following resolution
and mcved its adoption:
Whereas, on November ID, 1921,
after due advertisement, this Police
Jury regularly. and legally sold to w.
L. Slayton & Company, Toledo, Ohio,
the certain Fifty Thousand (S50,l
100000 Dollars par value road bonds
Of the Parish of Concordia, dated
September 1st, 1921. maturing Sc
rally on Sept. LIST Of each of the
years 1922 to 1941, both inclusive,
and bearing interest at the rate of
six per cent. per annum from date
until paid; and
Whereas, in said contract selling
said bonds to w. L. Slayton G. Com
pany, it was specially stipulated that
the proceeds of the sale CT said bonds
and the proceeds Of the special taxes
to be levied and collected from year
to year for the payment of principal
and interest CT said bonds would be
deposited without interest to the Par
ish of Concordia. in some bank in
Louisiana, selected and designated by
w. L. Slayton & Company to act as
fiscal agent for the Parish with reg
pect to said proceeds of the sale Of
said bonds and of such special taxes
ard W. L. Slayton & Company have
selected and designated as sucn de
pcsitary and fiscal agent the Jennings
National Bank, Jennings. Louisiana,
now, therefore,
* It hesoNcd, Ply the Polirn Jury
of Concordia Parish, State of Louisi-
ana. That, when the certain Fifty
Thousand Dollars par value of road
monds of the Parish of Concordia, da-
ted Sept. Its, 1921, maturing on Sen
TENDER LIST, of each Of the years 1922
to 1871, both inclusive, and bearing
at the rate cf six per cent per
annum from date until paid, and de-
livered to w. L. Slayton & Company
and the purchase price thereof is re-
eived the cProsident and Secretary
of this Police Jury and the Parish
Treasurer are authorized and direc-
ted to deposit the proceeds Of said
sale in the Jennings National Bank,
Jennings, La, without interest 70 the
Parish Of Concordia. It is further
that none of said proceeds
shall be checked against or with
drawn from said bank within thirty
800 days from the date said deposit
is made in said Jennings National
Eank. that at the expiration on SAID
thirty days as much as Forty Tho:s-
and (s40,000.00) Dollars thereof may
be checked against o. withdrawn Tcr
the purposes fer which said bonds
were sold, and that the bale nee of
Ten Thousand (S10,0 00.00) Dollars
shall not be checked against or with
dawn until the expiration CT ten (10l
months fromAt date on which said
deposit is made in said bank. Be it
further Resolved, Etc, That when
and as the proceeds Of the special
taxes to be levied and collected from
year to year for the payment CT pr.n-
cipai and interest Of said bonds are
received from the tax collector, same
zhsll be deposited in the Jennings
National Bank Jennings, La, without
to the Parish OF Concordia,
and shall so remain until check1d out
or withdrawn fir the purpose of pay
ing maturing principal and interest Of
said bonds. and the President and