Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-11-19
RESOLUTION.

WHEREAS, under Article XIV, Sec
tior "A, ID, of the Constitution of the
State of Louisiana, adopted on juno
18th, 1921, it is provided; That:
Whenever ANY subdivision of the
State heretofore authorized TO in II
.nat ana issue negotiable bonds there.
for has, by a majority vote, IN number
and amodnt, of its qualified property
taXpal ers, authorized its governing au'
thoritv to incur debt and issue negotia.
bic bonds, but said bonds have not been
sold, the governing authority taereof
nay issue and sell said bonds, without
he necessity of an election therefor,
under any Of the following conditions:
The governing authority of such
subdivision may authorize the issuancs
iCf said bonds, according TO the terms
and conditions set forth and contained
in the proposition or propositions sub
united at said election, except that said
bonds shall bear a rate Of interest not
exceeding six per cent, payable seni>
annually, after sixty (60) days pLb'
ilshed notice Of such intention, in
weekly newspaper in the parish in
which the bonds are to be sold, and il
there is no newspaper published in tbs
parish, by posting in three public places
therein. -
And whereas, on August GARD, 1921,
at an election held in the Town of ABB
Deville, Louisiana, thore was submit
to the property tax payers Of the
Town Of Abbeville. La, such as we're
qualified to vote as such an election
'n"cr the Constitution and laws of the
State of Louisiana, the following pro-
position to-wit;
ITO authorized the Mayor and
Board of Alderman Of the Town of Alb.
beviile, Louisiana, to incIr debt on
behalf Of and in the name of the Town
of Abbeviile, Louisiana, TO the amount
of One Hundred and Twenty-Five (125,
0OO.00) Dollars, and to Issue and sell
Tscf1sT saAai Qlisel sintersst
he"ring coupon bonds evidencing said
fndebtness; said bonds to bear interest
at the rate Of five per eentum per an,
mum payable semi-annually and to run
| fGr = nerio1 Of TWENTY-FIVE T25) wears
from date thereof, and both the princi.
pal and interest of said bonds to be
secured 10" a sufficient tax to be levied
and collected each year in accordance
with Article 2S1 of the Constitution
| Ihd the laws # 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
'"stems of water works and electric
lights with the Town Of Abbcville, La.
80 ~ which snail vest in the Town Of
Abbeville, Louisiana."
And Whereas the proposition abova
: '"t forth and submitted to the property
taxpayers of the Town Of Abbevills.
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 nv a mai.
ority OF the Votes cast in numbers and
amounts, public proclamation Of which
results was made by the MAYOR and
Board of Aldermen of the Town of Alb.
beville, La, in open and public session
q August -4th, 1921, and afterwards
promulgated by publication in the Of.
hclal journal of the Town Of Abbeviile,
La, the Abbeville Progress" on Au.
gust 9th, 1921, and the Mayor and
Board of Alderman of the Town Of Ab.
beville, La. we're authorized TO issue
bonds according to The terms and con.
'1tloins set forth and contained In The
PROPOSITION submitted at said election.
And Whcrca, said bonds have not
been iSsue), but i, is the intention OF
the Mayor and Board of Aldermen OF
the Town of Abhevillc, Louisiana, 10
issue said bonds, In die time, and &C.
cording to tle terms aud conditions set
forth and contained in the proposition
submitted at said election, except that
the said bonds shall bear the rate If
six (6W) per centum per annum In.
terest, payable semi-annuaIly:
Therefore, BE IL Resolved, by the
Mayor and Board Of Aldermen Of ths
Town of Abbevil,e, Louisiana. in spe.
cial session assembled, that NOTICE 4,
hereby given to whom it does or nav
concern that it IS the intention of this
body to issue, in due time, the bonds,
tauthorized by the property taxpayers
or the Town of Abbeville, Louisiana.
qualified TO vote and VINO voted at the
special election in the Town of Able.
VILE. La, on August 23rd., 1927 &C.
cording to the terms and condition, set
t"r b aud contained in the proposition
submitted at said election, except that
he said bonds shall bear interest AZ
the rate Of SIX (6q6) per centum DER
annum, payable emi.annually.
BE Il Further Resolved That thi. ~.
solution shall be published in the An.
beyille Progress, newspaper published
weekly in the Town of Abbeville, La
and the official journal Of the Town ~
Abbeville, for SIXTY 800 DAYS, b.pinn.
Ing with the issue of September i7,h.
1921 and ending with the issue Of Nov.
ember 10Th, 1921, and unless a petition
Of fertiOnstrance, signed by ten per cen.
tunt Of the qualified property tavpsvsr,
to the Town Of Abbeville, La, be filed
with this body within said above A..
signed period the bonds authorized
shall be issued with interest at the rat.
of six (6R) per centum per ann,im.
payable semi-annual1y.
1he Roll CAN on the adoption, of Tn.
resolution, resulted as follows: j A
Boudreaux Yea, A. A. Ddbus Yea p n
"rpussard Absent D. L. Mcpherson
Yea, F. NJ. Stebbins, Yea. And tbs
Marrr declared the resolution lnnni.
mously adopted.
lore being no further business thu
Council adjourned.
POM. P. LEBLANC,
j. =. bhOiSoARD Mayor,