The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-07-30
ORDINANCE NO.

WHEREAS, The Police Jury OF
Concordia Parish, L., on the Sta d.,
Of May, 1919, called an election for
the issuance OF EIGHT HUNDRED
THOUSAND (SS00, OOO.O0) DOL
OARS of negotiable bonds, the pro
ceeds Of said issue to be used fer the
purpose of constructing, improving
and maintaining public roads and
highways throughout the territorial
limits of Cclcordia Parish, said
election having been held on said date
ard passed by a majority vcte in
number ard a-curt of its duclifos
property Taxpayers, authorized the
governing, authority OF Concordia
Parish to incur deot anu issue nc
gotiable bonds Tor said amount Of
EIGHT HUNDRED THOUSAND
/ S8O0,000.00) DOLLARS. said cleo
,t,on having been duly promulcateG
I2co"~o'''0~ &" law. Gnd.
WHEREAS, in accordance with said
authority granted by said election to
the governing authority did issue anC
sell FIVE HUNDRED THOUSAND
! (S5G0,000.00) DOLLARS of neg9tl-
able bonds for sad purpose, leaving :
( balance authorized TO be issued, bul
yet unissCed ard unsold of THREE
HUNDRED THOUSAND $500, 600.
1907 DOLLARS, and,
WHEREAS, Article Il, Section ID
| Subdivision l.. 1, and 8 of the Con
5titution Of the State of Louisiana.
1921, authorizes the Sub division q
The State heretofore authorized, to in
cur debt and issue negotiable bonds
whenever same has been authorized
by MAJ ority vote in number and
amount of its qualified property tax
payers, authorizes its governing au
thority to incur debt and issue nego
liable bonds, and said bonds haze 20,
been sold, the governing authority
thereof may isue and sell said beads
without necessity on an election there
for, under either of the following
conditions:
1st. The bonds so authorized NAV
be issued in accordance with the
terms and conditions set forth in the
proposition submitted at said election, |
but if it be desired to sell said bonds
under par and for not less than ninety |
(90c.) on the dollar. and accrued in
terest, the governing authority OF any
may do SO, provided the |
to do so be advertised for |
a period Of THIRTY 900 DAYS. as
now, or hereafter provided by law.
End. Inc governing authority of |
said sub division may authorize the
issuance of said bonds according to
ne terms and coIG-C-Oi5 SCI forth anu
contained IN the proposition, or prep |
osltions submitted at SAID election. /
except that tie said bonds shall bear
: rate of interest not exceeding Sly
Der centum $50 payable SEM an
!ually after SIXTY 500 days pub
iskcd notice of such intention.
Srd. If a petition, or remon-
trance signed by ten per centum OF
he qualified property taxpayers OF
he sub division be fled with the
governing authority thereof, within
aid above designated period, no
,onds shall be issued Hereunder, un-
Il authorized by a vote Of a ma
GRITTY in number and amount of the
uallfied property taxpayers, voJln,,
t an election thereafter to be held |
nd,
WHEREAS. the said governing a,,-
hority Of the Parish of Concordia.
IA, has decided upon the 2ad method
DNfC oCb OdIs " OGIl Sdlu DCnuS, at
ar and accrued interest and bearing
per cent interest, payable semi
and has declared and does
eclare It's intention to do so and or
er this intention advertised for a
eriod Of Silly 500 days, in the {
fiicial iournel Of the Parish, NOW.
THEREFORE,
Section 1. Be it ordained bv the
olice Jury, Of Concordia Parish, La.
adjourned regular session convened
lat they do hereby declare their in
'ntion of advertising in the olicia;
,urnel of Concordia Parish La. fo>
lATY GOD days to issue and sell
lFIY THOUSAND ($5O,O0O. 0oI
OLLARS worth of bonds or such
ar: thereof as they may from time }
time seem necessary, said bonds to ?
sold at par, and accrued interest ?
ID bearing interest at the rate of q
per cent, as provided in Article Ia
sctlon IA, Subdivision L., 2 and 8
the Constitution of the State of
ouisiana, 1921. %
Section2. Be it furtherordained 70
G., That this ordinaace shall be pub or
he'd in the Concordi Sentinel, the Iii,
icial joYrnel fer Coi.e5zdia Parish,