The Madison journal., 1921-12-31

On motion Of Commissioner Shields
duly seconded by Commissioner Kell, N
the following resolution, after dis
cussion, was unanimously adopted: :, :,
BE 1T RESOLVED, That this y
Board. availing itself of the authority :,
vested in it by Act No. l4l OF the i,
Acts Of the Legislature of the State s
Of Louisiana for the year 1916 en- 7
titled An Act to authorize the BOARD 7
90 Commissioners for the Fifth Louis ;
lana Levee District to issue ana \
negotiate bonds not to exceed one
Million Dollars additional to the issuss
authorized by Section II, Of Act "a
of 1886, and act 134 Of the Geherai
Assembly of Louisiana, Session OF
1912 etc, do issue its bonds to the
amount of $3.50, 100000, of the de-
nomination of One Thousand ,Sl'
400 OO) Dollars each; said bonds 10
b. pavable to bearer, to be signed by
;, the President of this Board officially.
!, snd attested by the signature OF the
: Secretary and seal of the Board 10
become due in fifty years, ard to De
. payable at the option Of the boara
- in forty years from the date OF their
issue; to bear interest at the rate Oh
five per cent per annum from the
, date of their issue; said interest 10
"' be evidenced by coupons attached 10
said bonds, payable semi-annuaiiy'
Ae pavable at the office of the State
Treasurer of Louisiana, Baton Rouge,
o Ia and subject to all the terms, pro-
VI visions and conditions Of said Act l4l
o. Of the Acts of the Legislature OF the
'A State of Louisiana for 1916, and fol
purposes set forth therein.
'e BE 1T FURTHER RESOLVED
That this resolution and each an
~ ~ every part and clause thereof an
va. every part and clause Of Act l4l o
~. the Acts of the Legislature OF 'h
State of Louisiana of 1916, be an
thew are hereby constituted pal
.A of the contract between this Boar
- and any and all future holders Oh AZ
- Of said bonds, or coupons, 10
~ issued under the provisions OF Tn
M resolution and said Act 141, OF l9l
- BE IT FURTHER RESOLVE
w That the President Of this Board
hereby authorized and instructed
have Two Hundred and Fifty ,Zo
nc, bonds of the denomination OF v
r. ~ Thousand 1,OO0.0o) Dollars ea'
nroperly engraved as soon as possio
~ and TO have them bear the date
900 January Is, 1922, and number
from 1877 to 1777 inclusive.
~, BE 1T FURTHER RESOLVE
~: W That the President of this Board
the members are hereby constitute
committee and are instructed 70
- vertise for bids through the colun
% Of several periodicals setting 10
eu ~ the date of sale and manner OF 3
aoo for the legal length Of time. SAID
70 he sealed bids and shall be ope
e' " bv the Board of Commissioners,
-, the domicile of the Board Taiiu
49, Ia at the specified time OF the
- vertisement. Said bonds to be
- E s- for not less than their par value
shall be in the following form'
came wit:
sns s UNITED STATES OF AMER
:. ,aw STATE OF LOUISIANA
A2
81 10000 Number $i'o0
,.,.;or The Board Of commis'ionsr
nd his n;..-;-
:. - Know All Men BY These Pres
That the Board of Commissit
for the Fifth Louisiana Levee
tr;ct a corporation created BY
Ms',. No. "A Of the Acts Of the Legisl
of the State of Louisiana for the
..;a.,. 1886, approved July z, 1880
e'' value received, hereby promis
nav to bearer fifty years after
>,v with the option of said Boa
' Commissioners to pay the same
Dr. fortv wears from the date aereo
: h..vv sum of One Thousand ($i'o'
euarohsr Dollars, together with interest
ON from the date hereof unit
M nrincipal sum is paid at the
10, Ia five per cent per annun, payDi'
annusily on the Fifteenth
!. January and July in each ye
presentation and surrender OF
vm o. spetcfve interest coupons u
.nce has heyeto attached as they sewers
- r.stiy come due.
g 'esonaiticas Both the principal and inte
ns; pn,,,E Hsnd and this bond are payable in gold
,ccus Sur. the United States of America
sivins the present standard Of weight a
? Snins SnS so .ts ness at the Office Of the II
:. mISs of the State of Louisiana OF
Der ORE Fiscal Agency Of the State
moaini. !naa 4 la" .Ity Of New Orleans.
o.. Ts'sas This bond is one Of total
lied issue limited to $l,eo
)authorixed by the provisions
-E No. 141 Of the Acts OF tine
ture of the State Of LOUIS
given that the year 1915, approved July
nd Shirley under which bonds to the tota