The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1921-09-29
EXTRACTS FROM PROCEED.
lNGS OF SCHOOL BOARD

AICduld, Id, august 10, lJZl.
The Bienville Parish School Board
met on the above date at the above
named place with the following mem.
bers present: J. W. Sutton, Ward One
II. A. Sherman. Ward Two; W. w.
Poole, Ward Three; s. J. Burkhalter.
Ward Four; H. N. Hays, Ward Five
Il. }. Mostiller, Ward Six; P. F..
White, Ward Seven; and quorum.
Mr.. II. N. Hays offered the follow.
ing resolution and moved its adoption
Whereas, in pursuance of resolu-
ton by the Bienville Parish School
Board on April 6, 1920, there was held
IN and throughout School District No,
> OF the Parish of Bienville, La, or
May q, 1920, a special election at
which was submitted a proposition tc
incur debt and issue bonds in behalf
Of said School District No. 5 in the
sum Of Fifty Thousand ($50,OOO.0O)
Dollars to run over period of twent,
years, bearing interest at the rate of
five per cent per annup, payable semi
annually, for the purpose of construct
ing and eQuipping school building in
School District No. 5, and on May 90.
l92O, the Bienville Parish Schoo
Board canvassed the returns of said
election and declared the results in
favor of mourning said debt and is.
suing said bonds; and,
Whereas, said Blenville Parish
School Board did on May %, 1920
adopt a resolution providing for the
issuance in behalf Of School District
No. 3 of said Fifty Thousand ($5OOOO,.
w Dollars Of bonds in the denomina.
tlon Of Five Hundred ($5OOOO) Dol
lars each, numbered from One to Ont
hundred, both inclusive, dated Aug
i, l92O, due serially on Feb. LIST Of
each OF the years 1921 to 1910 botr
payable semi.annuallv or
rep. LIST and Aug list; and.
Whereas, said bonds have not beer
sold and, in the opinion of the Board
cannot be sold at par and accrued in.
terest at per cent bonds; now, there
fore,
Be it resolved by Bienville Parish
School Board, That the President of
this Board be and is hereby author
lied and directed to have prepared and
execute and deliver to the purchase
thereof Bonds Of the Bienville Parish
School Board in behalf of School Dis
trlct No. . of said Parish, payable t.
Inc bearer in the aggregate amount of
Fifty Thousand ($5O,O00.OO) Dollars.
all dated August list, 1920, all in the
5e of Five Hundred $500
V) Dollars, numbered from One to
one Hundred, both inclusive, and ma. |
turing on February 1st Of the years
l92l to 1910, both inclusive, in the
same amounts as heretofore provided |
Tor the maturity Of said bonds bear.
ng interest at 5 per cent, said bonds
o conform in all respects to the bond,
authorized bearing s no,
'ent interest, except the bonds now
authorized shall bear interest at the ra TO
II q per cent per annum, nayahh
on Feb. list and Ann
st.
be 1t further resolved by tue Biep
lille Parish School Board, That thu
Secretary of this Board be and is here.
" authorized and directed to make
publication in the official Journal of
his Board for a period of Sixty DAYS
Il the intention Of this Board to issn(
aid bonds, to bear interest at the rate
Il q per cent interest per annum, nav.
lble semi-annually, instead Of 5 per
ent per annum.
On roll call the members Of tho
'oard voted as follows: Aye: J. W
sutton. H. A. Sherman, W. W. Poole
); J. :, Biurkhalter, H. N. Hays, R. J.
lostiller and P. F. White. Nav: All
ent.