Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1921-10-22

On motion uf Mr.. Mcpherson, seq
oaded by Mr.. Steobhs, the following
resolution was offered:
REsoLUTIoN,
! HnEhBAD, uu1t- Article AIE, sec
| ii.. IA, ~, Of the Constitution oi the
/ State Of Louisiana, adopted on June
18th, 1927. it is provided; That:
; "WhcncVer any sui .iIv!Sl0n Of the
State heretofore authorized to incur
lob. and issue negotiable bonds there
for has, by majority vote, III numDer
and amount, Of its qualified property
taxpayers, authorized Its governing au'
thority to incur debt and issue nego,ia.
/ bic bonds, but said bonds have not cyeG
sold, tho governing authority tle.e-.
| may issue and sell said boais, without
| the necessity Of an election therefor,
under any Of the following conditions;
| The governing authorltv Of such
| subdivision may authorize the issuance
Of said bonds, according to the terms
and conditions set forth and contained
in the proposition or propositions sub,
mitted at said election, except that said
lends snail hear 4 rae 4 interest 10:
Exceeding six PER cent, payable semi.
annually, after sixty (6o) days PIb,
ilshed notice of such intention, IN Q
weekly newspaper in the parish IN
which the bonds are to be sold, ard if
there is no newspaper publish H. t.o
PARISH b. posting in three public places
, therein
! And "heieas, on August 25rd, 1871,
at an election held in the Town u -
| t2Sil1c, Louisiana, there WAS submit
/ 70 the property tax payers Of the
! Town of Abbeville, La, such az were
qualified TO vote as such AL election
ander the Constitution and laws of the
Estate Of Louisiana, the followir~ -
position to-wit:
ITO authorized the Mayor o.
Board of Alderman CT tho Town OF
beville, Louisiana, to incJr dett
behalf Of and in the name Of the Town
Of Abbeville, Louisiana, TO the amount
of Oae Hundred and Twenty-Five {l2s
000.o0) Dollars, and TO issue and sell
serlai negotable sslni:aannal interest
barring coupon bonds ovfdencing said
indebtness; said bonds 20 bear intcrs-.
ct the rate Of five per cer;dm n }.a.
mum payable semi ANIMAL md w.
Tor period of TWENTY-FIVE f2'a ~,
from date thereof, and bots ,Se ~
pal and interest of said p,Eis .. j.
secured by sufficient tax 70 be levied
and collected each year in accordance
with Article 2Sl of the Constitution
and the laws Of the State o.. Iou;yiana,
the proceeds from the sale % said bonds
at not less than par, to be used FOR the
purpose OF purchasing and constructing
svstems cf water works sad electric
lights with the Town Of Abbeville. La,
title of which s1all vest in the Town Of
Abbeville, Louisiana.
And Whereas the proposition above
set forth and submitted 10 the PR, erty
taxpayers Of the Town of Abbeville.
Louisiana, qualified to vote under the
Constitution and laws of the State Of
Louisiana, at said election held on An.
gust 23rd, 1921, was carried n . mi.
GRITTY Of the Votes cast in numbers and
amounts, public proclamation Of which
results was made by the Mavor .n'
Board OF Aldermen Of the Town Of Ab.
pevllle, La, in open and publ" scxsi5i
On August cath, 1921, AMI afterwards
promulgated by publication in the OF.
fetal journal ~ the Town Of Abbeville,
La, the "Abbcville Progress" on Au.
J gust 9Th. 1921, and tIr Mayor and
Board Of Alderman Of the Town of Alb.
bcvllle, La. were authorized 10 issus
bonds according TO the terms ard con.
ditrolns set forth and contained In The
proposition submitted at said election:
And Whereas, said bonds have nor
been issued, but it is the irtert.au ~
the Mayor jand Board Of Allerr1,. ~
the Town Of Abbeville, Louieiapo
issue said bonds, in dde time, and ac.
cording to the terms aud conditions set
forth and contained in the prorns.....
submitted at said election, except th&.
the said bonds shall bear the rate IF
SIX (eTo) per ccntum per annum in
tcsest, payable semi.annuallv:
Therefore, Be II Resolved, by the
Mayor and Board IF Alderme { g..
Town of Abbevillc, Louisiana. ~
eial session assembled, that NOTICE !,
hereby given to whom il DOES r n,
concern that il IS tho ir'er''nu at -.
bod &c issue ~ 81, t.a.. IN, N..s-
(authorized BY tie rrcfcr.y ta<,....-.
Of the Town of Abbcville, Lou:.isna.
HueiiHCd & v0tr and VIZ vutel ~ ths
spcclal election In the Town al Able.
Vile. La, on August 23r l., l92l.l &c.
cording to the terms and conditions set
fcr;h and c'ntainsd ia The proposition
submitted at said election, ercept that
ire said bonds shall bear intsesst AZ
thu rate Ct SIX tsssl per cSntur oer
aanuni, payable seEt.anzually,
Be II Further Resolved That ~, ~
solution shall be published in the All.
bcl!lie Progress, 4 newspaper published
weekly IN the Town of AbbevjlIe IL.
ana the official journal Of the Town nc
Abbeville, for sixty (60l days, beSinn.
ing with the issue of September f7th,
1927, and ending with the issue II Nov.
ember 18th, 1921, and unless o petition
Of remon.trshce, signed by ten pey cen.
tuhi of the qualified property tavpaver,
to the Town Of Abbevillc. La, be f;l.d
with this body Within said above De.
signed period, the bonds authorized
shall be issued with interest at the rate
OF six $50 per centum per amin.
payable semi.annuHlly,
The Roll Call an the abortion Of -.
resolution, resulted as follows. 7
BOudreaux Yea, A. A. Dabus Yen p. n.
Br"us7ard Absent d. L. Mcphrrson
Yea, Z. VI. Stebbins, Yea. And ths
MAJOR declared the resolution hnani.
mously adopted.
"h"r" '"i'" ~ frrthcr hr-;rees the
"-u1'i' adjourned
o. = T~n' A~r.
J, c. BROrssARr vsv,,
Secretary,