The St. Mary banner., 1921-04-16

Bal in Bank of Commerce
March 81, 1921, S5l979 40
Total of all funds March 81,
1921. Sl0243b w
The bids for fiscal agency for the
school funds which had been submit
ted according TO law were then open
ed and read as follows:
To the Honorable School Board of the
Parish of St. Mary, Franklin, La.
Gentlemen:
In response to your advertisement, the
undersigned hereby make application to
become the fiscal agent and depository OF
the School Boa~d of the Parish Of-St
Mary for the period of two years begin
nir ( with April /, 1921, and extending TO
April |, 1928.
This application or bid is made for the
entire funds or deposit of the said School
Board, ami the undersigned bank offers, OF
bids on said deposits 3 IS per cent per
annum interest which 1t is willing TO pay
therefor.
There is attached hereto a sworn state
ment of the condition of the undersigned
bank on the first of the month prior to the
date of this applications; said statement
| showing the aggregate amount OF capita
and surplus of SAID bank, namely hfty-one
Thousand SIX Dunureu uOlIaTs.
Yours respectfully,
Signed) Union Bank Of Patterson, La.
BY f. f. MARIN, Cashier.
Franklin, La, April |, 1921.
| The Parish Board Of School Directors of
st. Mary Parish, Franklin, La.
| Gentlemen:
The undersigned. bank organized un-
der the laws of the state of Louisiana and
domiciled in the Parish of st. Mary. here
by applies to act as fiscal agent and de-
| pository of all the Parish school funds,
general and special. for the period of two
(2) years commencing April l. 1921, and
! ending April |. 1928.
We offer to pay interest. calculated on
| the daily balances as shown by the books
Of the Parish Superintendent, at the rate
of four az per cent per AMMAN, said pay
| ments TO be made semi-annualiy each
year.
We attach hereto a sworn statement OF
the condition of the bank at the close Of
business on the first of the month, being
Tuesday. March l, 1921, prior to the date
of this bid.
Very respectfully,
(Signed) The ST. Mary Bank Il Trust Co,
WILSON MCkERALL, President.
April 4th, 1921.
Hon. l.. A. Law, Secretary of the School
Board, Franklin, La.
Dear SIR
The Bank of Morgans City. Of Morgan
City, La. through its Assistant Cashier,
A. B. OBrien, pursuant to resolution
adopted by its Board OF Directors. here
with bids to act as fiscal agent of the
school Board Of st. Mary, Parish, and as
| depository of the school funds, for the
term Of two years beginning April 1st,
1921, and will pay the School Board Of St.
Mary Parish, La, Four and one-tenth per
cent "a 10 per cent? interest on average
daily balances on all such funds during the
| aforesaid term.
We attach hereto a sworn statement Of
the condition of the bank at the close Of
business on tine first of The month.
tSigned) Bank of Morgan city.
BY A. b. O'BRIES,
Assistant Cashier.
The President of the School Board
was authorized by motion, duly sec
onded and carried, to enter into
contract with the Bank Of Morgan
City, Morgan City, La, to act as is-
cal agent for the school funds.
II was moved by Mr.. Green, Sec
onded by Legnon and carried, that
| the Board pay one half of salary of
colored teachers for summer schools
in st. Mary.
The time for the closing of the white
schools was determined to be at the
end OF oine months session, or May
20th, 1921.
On motion of Mr.. JolIey, seconded
ny Mr.. Folse and carried, all bills
approved by the finance committee
we're ordered paid.
A committee was then appointed to
visit the second and third wards to
look into the matter Of school build
ings and improvements and report at
next meeting. Tho committee as fol-
lows: ]. &. Claussen, DR.. David
Berwick, Anthony Legnon and L. A,
Law.
There being no further business the
meeting adjourned.
L. A. LAW,
SECRETARY.