Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-10-15

On morton of Mr.. 1ubus, -SrTrnj"d by
ar. Mcpherson, That a-zsommt'', be
appointed tosoonfer with Su.t. o. EdT-
latjpn. j. Il y Uiams, ,With a l-ew e
bcttcriDe the contl tiols 81 thesaA bbe-
viii, liig3 School IN thc -waTJof FIRE
cscspss.-..- Elsr.apon-avshe s-fel lowing
were appointed:
Mir. \. j. Goll"n, Mrs W. +. Ed
warts, Nrs. Gvo. ". summers. Mr.. d.
l.. Mcpherson. Ms. l.. o. Brous~ard
and Mr.. +. &. Stchbins.
uu motion of Mr.. Mcpherson, see
oudrd by Mr.. Stcbhin-. the following
resolution was offered:
RESOLUTION.
WHEREAS. under Article XIV, Sec
tiou II, L., of the Constitution of tho
State Of Louisiana, adopted on June
18th, 1927, 1t Is provided; That:
Nhcu' ycr any suhdIlj,i Of the
state heretofore authorized To- incur
debt AMI issue negotiable hou1c rhcre-
for has. by majority y"to, in humber
and amoLnt, II az qualified property
t+-r-N-rS, authorized ~ governing Au-
thoritN 10 incur debit and i~su, ncgotia-
bic bonds, hnt said bonds have not been
sold, the governing authority ta"rcof
MAJ issue and sell said bombs, without
the necessity OF an election therefor,
under any Of the following coalitions:
The governing authority of such
subdivision may authorize the issuance
Of said bonds, according 10 The terms
and conditions st forth and contained
IN the proposition or propositions sub
mlttcd at said election, except that said
bonas shall bear Il rate Of interest not
exceeding six per cent, payable semi
annually, after sixty 900 DAYS rIb-
ilShcd notice Of such intention, in
weekly newspaper in the parish in
which the bonds are 20 bc sold and II
there is no newspaper published in the
PARISH, by posting in three public places
ihcrcin.'
And whereas, on August 2%rd, 1927,
Al an election held in the Town Of Alb.
neville, Louisiana. there was submit
10 the property tax payers Of the
Town OF Abbeville, La, such as were
qualified to vote as such an election
lndcr the Constitution and laws of the
State of Louisiana, the following pro.
position tO-wit:
Ito authorized the Mayor and
joard of Alderman of the Town Of All.
| beville, Louisiana, Ia incur debt on
pr 1alf of and in the name of the TsTyn
OF Abbcville, Louisiana, 20 the amount
/ OF One Hundred and Twenty-Five N9J.
100000 Dollars, aud TO ISIS lie and sell
serial Negotiable semiannual interest
b"rring coupon bonds evidcncing said
indebtness; said bonds to bear interest
at the rate Of five per centum per an.
mum payable semi annually and 70 run
/ for period 81 twenty-five PSI wear,
from date thereof, and both the princi.
PAL and interest of said bonds TO be
secured by sufficient tax 10 be levied
and collected each wear in accordance
with Article PSI Of the Constitution
and the laws Of the State or Louisiana,
the proceeds from the sale Of said bonds
at not less than par, TO be used for the
purpose of purchasing and constructing
systems IF water works and electric
lights with the Town of Abbeville, La,
title of which shall vest in the Town Of
Abbeville, Louisiana.
! And Whereas the proposition above
'"t forth and submitted to the property
taxpayers of the Town Of AbhevfIle,
Louisiana, qualified TO vote under the
| Constitution and laws Of the State Of
Louisiana, at said election held on Au.
gust 23rd, 1921, was carried by mai
fofityc thsv stes cast in nuhlgG4s ii5 and
amounts, public proclamation Of which
results was made by the Mayor and
Board of Aldermen of the Town of Alb.
beviile, La, in open and public session
Il August Gath, 1921, and afterwards
promulgated by publication in the of.
fetal journal Of the Town of Abbcvillc,
La, the "Abbeville Progress" ON Au.
INST 2Ith. 1921, ahd tle MAYOR aud
Board OF Alderman of the Town of Ab.
beville, La. were authorized 10 issue
bonds according TO the terms and con.
dltioins set forth and contained in the
proposition submitted at said election:
And whereas, said bonds have not
been issued, but it is the intention Of
the Mayor and Board of Aldermen of
the Town Of Abbcville, Louisiana. 20
issue said bonds, III dde time. and ac.
cording TO the terms and conditions set
forth and contained in the proposition
submitted at said election, cxccpt that
the said bonds shall bear the rate Of
SIX (6%c) per centum per aEnum in.
terest, payable scmi.amnuallv:
Therefore, Be 1t Resolved, bv the
Mayor and Board Of Aldermcl # tao
Town of Abhcvillc, Louisiana. in spe.
cial session assembled, that NOTICE Is
hereby given to whom il does mr. nav
concern flat it rs the intention cf this
BODY 10 issue, in due time, the bonds.
lauthorize1 by the property taxpavers
Of the Town Of Abbevilc. Louisiana.
qualified TO vote and WAC voted az tho
special election in the Town II .Sbhe.
vile. La, on August 23rd., 1911 &c.
cording TO the terms and conditions set
forth and contained in the proposition
submitted az said election, EXCEPT that
tne said bonds shall bear interest al
the rate ef six t6oS) per centum PER
annum, payable enli.annually.
BE 1t Further Resolved That this re-
solution shall be published in the .Ab.
oeViile Progress, newspaper published
weekly in the Town Of Abbcvillc, liz,
and the official journal of the Town %
Abbevillc, for sixty go DAYS. bcginn.
Ing with the iSsue Of September 17tb.
1921, and ending with the issue of Nov.
cmber 18th, 1921, and unless a rctition
of remonstrance, signed by ten per cen.
tum of the qualified property tavpavers
to the Town of Abbeville, La, be filed
with this body within said above de-
signed period, tho bonds authorized
shall be issued with interest a. the rate
OF SIX lot'l per rentum per annIm,
payable semiannually.
The Roll Call III the abortion of the /,
resolution, resulted as fellows: J. A.
Boudreaux Yea, a. 4. DIbus Yea p. u.
Broussard Absent D. L. Mcpherson,