St. Tammany farmer., 1922-06-17

dated April /, 1921, numbered from
one ~ to two hundred fifty (25O),
both inclusive, maturing serially on
/ April LIST Of each of the years 1928
to 1941, both inclusive, bearing in
terest at~the rate Of five per cent per
annum, be payable at the office OF
the Treasurer of said Road District
Number Two of the Parish OF st.
Tammany, in the town of Covington,
Louisiana, or at the Bank of Slide!l,
Slidell, Louisiana, or at the Guaranty
| Trust Company in the City of New
| York, at the option of the holders
of said bonds and coupons.
On roll call the members voted as
| follows: Ayes: 8. Nay: None.
Absent: 2.
Mr.. M. P. Schneider offered the
following resolution and Mr. c. vi.
Poole moved it's adoption:
| Be it resolved by the Police Jury
of the Parish of st. Tammany, State
of Louisiana, as the governing au-
thority of Road District Number
Two of said Parish, That this Police
Jury is of the opinion that it was
and is necessary to employ the SER
vices of an attorney skilled in mu.
nicipal bond law to prepare and sup
ervise all proceedings in connection
with the issue of Two Hundred Fifty
! Thousand Dollars of bonds of Road
District No. Two of the Parish of st.
Tammany, in order to assure. Their
| meeting with the requirements OF
law and to insure prompt delivery
of said bonds after sale,. and that
| this Police Jruy does hereby employ
Thos. E. Furlow, Attorney, New Or
leans, as special counsel in connec-
ton with the issuance Of said bonds,
and does hereby agree to pay him for
| his services heretofore rendered and
to be rendered the sum of Twelve
Hundred Fifty ($1250) Dollars, said
amount to be paid from the proceeds
of said bonds when they are i'll hand;
and the proper officers of this Police
Jury and of said Road District are
hereby authorized and instructed to
draw a warrant for said amount TO
the order of the said Furlow when
the proceeds Of said bonds are Ill
hand, without the necessity for fur
ther authorization by this Police
Jury.
On roll call the members Of the
Police Jury voted as follows: Aye:
|8. Nay: None. Absent: 2.
Mr.. Schneider offered the follow
ing resolution and moved its adop-
ton, seconded by Mr.. Singletary:
Be it resolved by the Police Jury
of the Parish of st. Tammany, State
of Louisiana, as the governing au-
thority of Road District No. 2 of
said Parish, That the offer of the
Bank of Slidell, La, the depositary
designated by Caldwell & Company,
to pay 3.6 per cent interest per an
mum on daily balances of the pro=
ceeds of $3.50. 100000 par value of 5
per cent bonds of Road District No.
2 of the Parish of st. Tammany, this
day sold to Caldwell & Company,
Nashville, Tennessee, and also 3.6
per cent interest per annum on daily
balances of the proceeds OF special
taxes to be levied and collected from
year to year for the payment OF prln-
cipal and interest of said bonds, be,
and the same is hereby accepted, and
the President and Secretary OF this
Police Jury and the Treasurer of the
Parish of st. Tammany, as treasurer
of said Road District No. 2, be, and
they are hereby authorized and in
structed to deposit in said Bank Of
Slidell the proceeds of the sale OF
said bonds upon said bank furnish
ing Surety Company bond or other
security satisfactory to and APPROX
ed by the President of this Police
Jury up to the sum of SO per cent
of the total amount of said proceeds
of the sale of said bonds so received
by it on deposit, and that they are
also authorized and instructed to de-
posit in said bank when and as the
same are received the proceeds OF
all special taxes levied and collected
from year to year for the purpose OF
paying principal and interest of said
bonds.
On roll call the members of the
Police Jury voted as follows: Aye:
8. Nay: None. Absent: q.
There being no further business
the Police Jury adjourned until next
regular meeting day, July IL, 1922,
subject to CALI
J. B. HOWE, |
President.
F. ]. MARTINDALE.
.-,. Secretary