The Concordia sentinel. (Vidalia, Concordia Parish, La.) 1882-current, 1921-08-27
ORDINANCE NO..

COncOTuld dllSA4' Se,'' Oil IiS IVA Nt'S !
OF May, 1919, called an election for
the issuance Of EIGHT HUNDRED
THOUSAND S800,00O.0O) DOL
OARS of negotiable bonds, the pro-
ceeds of said issue to be used fer the
purpose of constructing, improving,
and maintaining public roads and
throughout the territorial
limits of Ccncordia Perish, 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
rotiabIe bonds for said amount of
FIGHT HUNDRED THOUSAND
(S8OO 100000 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 100000 DOLLARS of negoti-
able bonds fer said purpose, leaving u
balance authorized to be issued, but
vet unissued and unsold of THREE
HUNDRED THOUSAND (S300,00O.
OO) DOLLARS, and,
/ WHEREAS, Article Il, Section Ia,
Sub division L. 1. 2 and 8 Of the Con-
stitution of the State of Louisiana,
1921, authorizes the sub division of
the State heretofore authorized, to IN
cur debt ard 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-
liable bonds, and said bonds have not
been scld, the governing authority
thereof may isue ard sell said bonds
without necessity on an election there
for, under either Of the following
conditions:
LIST. The bonds so authorized may
be issued in accordance with thi
terms and cor ditions set forth II the
proposition submitted at said election
but if it be desired to sell said bonds
under par ard for not less than ninet!
(9Oc.) On the dollar. and accrued IN
terest, the governing authority OF al!
sub division may do SC, provided tn
intention to do SO be advertised TO
a period of THIRTY $50 days, a
now, or hereafter provided by law.
. End. The governing authority o
said sub division may authorize tn
,, issuance of said bonds according t
the terms and conditions set forth an
contained in the proposition, or prop
| osIticns submitted at said electIol
except that the said bonds shall bea
rate of interest not exec ding 81
: per centum (61c) payable semi ar
nually after SIXTY 900 days pull
! lishcd notice of such intention.
3rd. If a petition, or remor
STRANGE signed by ten per centum {
the qualified property taxpayers
the sub divisicl be fled with tn
governing authority thereof, with
said above designated period, i
bonds shall be issued Hereunder, Vi
I'll authorized by vote OF a HI
jority iii number and amount OF u
q qualified property taxpayers, vot'T
Q at an election thereafter to be hel
9 and.
q WHEREAS. the said governing a
r. thor.ty of the Parish of Concord
a La, has decided upon the End meth'
:. above set out, to sell said bonds,
mar and accrued interest and bearll
: s per cent interest, payable sen
l. annually, and has declared and dc
c. declare its intention to do so and
II der this intention advertised for
Of period of SIXTY (60) days, in t
II. official iournel of the Parish, NO
~ THEREFORE,, 49,,
:. Section /. Be it ordained by I
- Police Jury, of Concordia Parish, L
q. in adjourned regular session cOnven
lc that they do hereby declare their
~ tention Of advertis Ag in the offlc
ed jc.urnel of Concordia Parish. La,
ne SIXTY (60) days to issue and
In FIFTY THOUSAND ($5O,OOO.U
re- DOLLARS worth of bonds or 81
ba part thereof as they may from II
a.. to tine seem necessary, said bonds
- be sold at par, and accrued inter
and bearing interest at the rate
re- 6 per cent, as provided in Article
nt Section Il, Subdivision L., 2 ant
his of the Constitution of the State
ltA Louisiana, 1921.
he Sect;ou2. Be it furtherordain
ess etc, That this ordinance shall be
trv Ihshed in the Concordia Sentinel,
- official iournel for 0oncordia Par
-es Louisiana. for a period OF SlA
20. 900 days, as published notice'
per proveded by the above article OF
gnu Constitution.
ZEN Section 8. Be it further crdair
ing etc, That all ordinances, or pi
me thereof, in conflict herewith,
,a, I B. c. BROWN, Presiden
,o JOHN DALE, Jr.. Secretary.