The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-08-20
ORDINANCE NO.

Concordia Parish, La. ), on the 9Th day
of May, 1919, called an election fol-
the issuance of EIGHT HUNDRED
THOUSAND ($800,00O.0O) DOL
OARS of negotiable bonds, the pro,
ceeds of said issue TO be used for the
purpose of constructing, improving
and maintaiTning p'I public K. roads roads. and
Limits of Concordia Parish, said
election having been held on said date
and passed by a majority vote in
number and amount Of its qualified
property taxpayers, authorized the
governing authority of Concordia
Parish to incur debt and issue ne
eotiable bonds for said amount of
EIGHT HUNDRED THOUSAND
$500 ,000.00l DOLLARS. said cleo
ton having been duly promulgated
according to law, and,
WHEREAS, In accordance with said
authority granted by said election to
the governing authority did issue and
sell FIVE HUNDRED THOUSAND
$500, 000.001 DOLLARS of negoti-
able bonds for said purpose, leaving q
balance authorized TO be issued, but
yet unissucd and unsoid of THREE
HUNDRED THOUSAND $500, 900.
00) DOLLARS, and,
WHEREAS, Article IA, Section ID,
lSub-division l.. I, 2 and 8 of the Con-
stitution of the State of Louisiana,
1921. authorizes the subdivision of
the State heretofore authorized, to in
cur debt and issue negotiable bonds,
whenever same has been authorized
by a majority vote in number and
amount of its qualified property tax
payers, authorizes its governing au-
thority to incur debt and issue nego-
table bonds, and said bonds have not
been sold, the governing authority
thereof may isue and sell said bonds,
without necessity on an election there
for, under either Of the following
conditions:
lst. The bonds SO authorized may
be issued in accordance with the
terms and conditions set forth n 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
intention to do so be advertised for
a period of THIRTY (S0} DAYS, as
now, or hereafter provided by law.
End. The governing authority of
said subdivision may authorize the
issuance of said bonds according to
the terms and conditions set forth and
contained in the proposition, or prop
ositions submitted at said election,
except that the said bonds shall bear
a rate of interest not exceeding six
per eentum (6ToD payable semi an.
nually after SIXTY (60) days pub
lished notice Of such intention.
3rd. If a Petition, or remon-
STRANGE signed by ten per centum of
the qualified property taxpayers: of
the subdivision be filed with the
|governing authority. thereof, within
said above designated period, nc
bonds shall be issued Hereunder, nm
til authorized by vote of ma
jority in number and amount of the
qualified property taxpayers, voting
at an election thereafter to be held
and. < .-.'
WHEREAS. the said governing au,
thority of the Parish of Concordia
La, has decided upon the End method
above set ont, 20 sell said bonds, al
par and accrued interest and bearing
6 per cent interest. payable semi
annually, and has declared and doe.
declare its intention, to do so and or
der this intention advertised for 9
period Of SIXTY 1907 days, in thu
official iournel Of the Parish, NOW
THEREFORE,
Section /. Be it ordained by the
Police Jury, of Concordia Parish, La.
ia adjourned regular session convened
that they do hereby declare their in
tention of advertising in the oI.icia
journel Of Coicordia Parish. La, foi
SIXTY (60) days to issue and sell
FIFTY THOUSAND (S50,000.00J
DOLLARS worth Of bonds or sucf
part thereof as they may from time
to time seem necessary, said bonds tt
be sold at par, and accrued interes'
and bearing interest at the rate, Of
per cent, as. provided in Article Ia
Section Ia, Subdivision L., and
bf the Constitution of the State o.
Louisiana, 1921. 8.
Section2. Be it furtherordained
ETC., That this ordinance shall be pub
lished in the Concordia Sentinel, tn,
official journel for Concordia Parish
Louisiana. for period of SIXTY
1907 days, as published notice, a
provided by the above article of tn
Constitution.
Section 8. BE it further ordained
ETC., That all ordinances, or part
thereof, in conflict herewith, ar
hereby repealed
B. C. BROWN, President.
JOHN DALE, Jr., Secretary.