The Natchitoches enterprise., 1921-07-21
Fo dice Jury Proceedings
Special Meeting Police Jury, Parish of
Natchitoches, Louisiana
L MONDAY, JULY 18th, 1921.

~ NdtSIIiIOCHcS, AOUlSl6Ild
Il MONDAY, JULY 18th, 1921.
be Hon. Police Jury met in specia
SESSION pursuant to adjournment witt
PreEdsnt Airey presiding and all mem
berEpresent except Mr.. Copellar.
Bling the time set for the openin.
of HIds for the sale of the S39, 700 90 O
Bo1Ns of Road District No. 13, War
8, the secretary announced that ther;
was on file One bid:
That of Weaver Brothers at Flora
Louisiana.
BY Mr.. Friedman, seconded by Mr.
Lacaze:
That the Police Jury 20 into execu
tive session for the purpose of con
sidering the said bid.
Carried unanimously
Moved and seconded the Hon. Police
Jury adjourned executive session ant
reconvened in open session.
BY Mr.. Friedman, seconded by Mr.
Lacaze:
That the following bid of Weaver
Brothers for the purchase of the $50,
10000 Bonds of Road District No. 13,
Ward 8, be accepted.
Further, that the time set for the
approval of Wood and Oakly of Chica
60, or j. &. thompson of New York
as called for N said bid, shall be fifteer
days from the time the transcript is ir
the hands of the said Wood and Oakly
or the said J. c. Thompson.
Yeas: Mr.. Sandlin, DR.. Joyner, Mr..
Airey, Mr.. Knott, Mr.. Page, Mr.. Phil
lips, Mr.. Dowden, Mr.. Friedman, and
Mr.. Lacaze. Nays: None. Absent:
Mr.. COpellar.
Natchitoches, La, July II, 1921.
Hon. President of Police Jury,
Parish of Natchitoches, La.
Dear Sir:
We hereby submit you the following
proposal to purchase the Thirty Nine
Thousand Seven Hund1 ed Dollars ($39. =
10000 of unmatured and legally issued
bonds of Road District No. 13, of
Natchitoches Parish, State of Louis
lana.
Bonds to be dated June /, 1915, with
interest at five per cent per annum.
payable annually on the first day of
June of each year, the bonds to mature
annually beginning with June 1st, 1922,
and on the lst day of June of each
year thereafter up to and including the
year 1885, as per the schedule of ma
turtles set forth in the ordinance
passed by the Police Jury on May 20,
1915. Said bonds to be issued in de-
nominations of $500. 90 and $4,000 each
n
be made payable at the Exchange Bank
of Natchitoches Louisiana, provided,
however, that if the bonds have already
been printed and have been made pay
able at the Chase National Bank of
New York, N. Y, they will be accept
ed by US in that form On the delivery
to US of the said bonds, together with
q full and complete certified transcript
of all records and proceedings leading |
up to and following the issue of these |
bonds and together with the approving
opinion of John G. Thompson of New
York or Wood and Oakley Of Chicago,
We will pay you par and accrued in
terest for the SAID bonds.
We reserve, IN accoruance wi5,r usse
laws of louisiana, the. right to name
the depository and fiscal agent for
Road District No. l3, of Natchitoches
Parish, and do hereby designate the
Exchange Bank Of Natchitoches, La,
as such depository and fiscal agent.
We enclose herewith bank cashiers
check for 100000 payable to the
order of the President of the Police
Jury OF Natchitoches Parish, as an
evidence Of our good faith. In the
event that our bid is not accepted, or
the Police Jury fails to deliver to US
the bonds, transcript and approving
opinion, as above set forth, this check
is to be returned to US.
Respectfully submitted,
lSigned) WEAVER BROTHERS.
BY T. L. Weaver.
, Natchitoches, La, July II, 1921.
Hon. President of Police Jury,
Natchitoches Parish,
Natchitoches, Louisiana.
Dear Sir:
Referring to our bid hereto attached
and made part hereof for the $39, OOO.O w
Thirty Nine Thousand Seven Hundred
Dollars)o )of legally issued bonds, bearing
So interest payable annually on June
lst of each year up to and including
1885, to be issued by Road District No.
l3 of Natchitoches Parish and dated as
of June l, 1915.
We beg to submit the said attached
bid with the underst anding agreement
and contract that the Police Jury will
accept in payment for the said bonds
IT par and accrued interest our note in
favor of the Police Jury for the total
sum Of such par and accrued interest.
The said note to be made payable "On
demand" to bear interest now or at
ANY later date on the whole or any
mart of the said note. The said $685.
loo. 90 of bonds to be attached to this
note as collateral security. We reserv-
ing the right to call for the surrender
Of portions of the said security as we
make payments on the above described
note. it being understood, however.
that in making such Withdrawals OF
collateral, the total security will not
Be- reduced to point that will leave
less than fifteen per cent margin at
time of withdrawal. We hereby agree
in1 that we will maintain a balance in
the Exchange Bank of Natchitoches to
the credit Of Road District No. Is of
not less than One Thousand Dollars at
ell times and will deposit funds in the
eaid bank to the credit of the said Dis
trict, or make payments on the note,
also that same may be deposited in the
osid bank, az fast as the needs of the
eaid District No. I3, for road construc-
tion may necessitate. All such depos-
its or payments to be credited on our
note in favor of the Police Jury, as
made. The Police Jury agreeing that
they will at no time call for payments
on our note in their favor in excess of
the actual current needs Of Road Dis
trict No. 13 for funds with which to
nav for road material or construction
in the said district, we agreeing how:
ever that the balance to the credit OF
the said district, in the Exchange Bank