The Natchitoches enterprise., 1921-09-15

S0lO pOnOSs
Section Z. And this body do now
proceed to adopt an ordinance provid-
ing for the issuance and registration OF
$50, 1000 of legal bonds, payab in
five wears in accordance with the terms,
conditions and authority of the special
election held in School district No. S OF
the parish of Natchitoches, Louisiana,
on December q, 1919.
The roll being called resulted:
Yeas: Eight.
Nays: None.
And the ordinance was declared
adopted.
AN ORDINANCE
An ordinance authorizing the issu-
ance of $50, 0O0.0O of school bonds OF
School District No. s Of the Parish OF
Natchitoches, State of Louisiana.
The following ordinance was offered
by Mr.. Berry, seconded by MIR. Fried
man:
Be it ordained by the Natchitoches
School Board, in compliance with the
terms of Article 28l Of the C0nstitu-
ton of the State of Louisiana and Act
256 of the General Assembly of the
State of Louisiana for the year 1910 40
amended, and acting as the governing
authority of school district No. S Of
the parish of Natchitoches, and the
Natchitoches Parish School Board, hav-
ing been duly authorized at an election
held in school district No. Of the
parish of Natchitoches on the 23rd day
of December. 1919, hereby authorizes
the incurring of an indebtedness of
ESQ, ,OOO.OW Thirty Thousand Dollars
of said school district No. of the
parish of Natchitoches, for the purpose
Of erecting and equipping q schoo!
building within said school district, and
to represent said indebtedness the
Natchitoches school board hereby au-
thorizes the issuance of $50, 10000 of
school bonds of school district No. OF
the parish of Natchitoches, numbered
from one to sixty inclusive, of the
denomination of Five Hundred ($5O0)
Dollars each, dated March l, 1920,
bearing interest at the rate OF per
cent per annum from date until paid,
said interest being payable semi
annually on the first day of March and
September of each year and each of
said bonds having attached semi-annual
coupons to represent the said interest.
Be it further ordained, etc.. That
the said bonds and the interest thereon
shall be payable at the Office of the
Treasurer of the Natchitoches Parish
School Board at Natchitoches, Louis
lana, or at. the option of the holder at
the Chase National Bank of New YORK.
BE it further ordained, ETC., That
the said bonds shall be in substantially
the following form, to-wit:
United States of America, State of
Louisiana, Parish of Natchitoches,
School Bond of School District No.
Five (5) of the Parish of Natchi-
toches.
School District Number Five (6) of
the Parish Of Natchitoches, State Of
Louisiana, for value received, hereby
promises to pay bearer on the first day
of March -, the sum Of Five
Hundred Dollars ($5oOJ IN gold coin Of
the United States of America, of the
present standard of weight and fineness
with interest thereon 1t the rate of
Five per cent per annum, payable semi
on the first .days. Of March
and September in each year, upon
and surrender Of the in
s st-at Is eaaneea 5Fae b hsEiis t 81 "a a
Natt q. .t0ches Parish School Board 81
Natchitoches,> Louisiana, or at the
option of the chase National Bank al
New York City, New York.
This bond is issued by School District
Number Five (6) of the Parish of
Natchitoches, State of Louisiana for
the purpose Of erecting and e0uinninr
9 school building within the said se{Sooi
under and by virtue os fhe
:. a.usnorty conferred by Article 26l of
tne Constitution Of the State Of Eodis-
ana, ana Act 256 Of the General
assembly OF the State Of Louisiana,
r [or the year 1910, .as amended, snd
tnis pond was especially authorised at
% election held on the 23rd day Of
december, 1919. the returns Of which
we're duly promulgated on the 9Th day
Il January, 1920.
The debt represented bv thia hond
md the issue Of which it forms 4 mart
vas incurred and said bonds vereI
ssued by virtue Of the authority eon-
erred BY the Constitution and Act
sterred 20 ana conforming to the re-
uls oI ga election held by the property
cxpayers 10 School District Number
I'VE l6l OF the parish Of Natchitoches.
uallned 70 vote 1t the said election
z the 2Srd day Of December. l9I9. |.
.no .utnori!ed the governing author
y OF school district number 7ive f6l Of
1e parish Ct Natchitoches to levy each