Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-01-20
BOND ORDINANCE.
OF Fifth Louisiana Levee Board

On motion of Commissioner Shields
duly seconded by Commissioner Kell,
the following resolution, after discus
sion, was unanimously adopted.
Be 1t Resolved, That this Board
availing itself of the authority vested
in it by Act No. 141 of the Acts OF
the Legislature of the State of Louis
lana for the year 1915, entitled AN
Act to authorize the Board Of Com
missioners for the Fifth Louisiana
Levee District to issue and negotiate
bonds not to exceed One Million Dol
lars additional to the issue authorized
by Section IL, of Act A Of 1886, and
Act 1874 of the General Assembly OF
Louisiana, Session of 1912, do issue
its bonds to the amount Of $250,0OO
of the denomination Of ($1,000.9c),
One Thousand Dollars each; said
bonds to be payable to bearer, to be
signed by the President of this Board
officially, and attested by the sigma
ture of the Secretary Of the Board
| to become due in fifty years, and to
be payable at the option Of the Board
in forty years from the date Of their
issue; to bear interest at the rate Of
five per cent per annum from the
date of their issue: said interest tc
be evidenced by coupons attached to
said bonds; payable semi-annualiy
payable at the office Of the State
Treasurer Of Louisiana, Baton Rouge
La, and subject to all the terms, pro-
visions and conditions Of said Act l41
Of the Acts of the Legislature Of the
State Of Louisiana for 1915, and fol
purposes set forth herein.
7 Be it further resolsed, That Thu:
resolution and each and every par
and clause thereof and every part ane
clause Of Act 141 Of the Acts Of thu
Legislature of the Safe Of Louisiana
Of 1915, be and they are hereby con
stituted a part of the contract be
tween this Board and any and all fu
ture holders Of any Of said bonds o
coupons, to be used under the pro
visions Of this resolution and sal
Act 141, Of 1915. .s
Be it further Resolved, That tn
President Of this Beard is hereby NJ
thorized and instructed to have Csc
two hundred and ifty bonds Of tn
denomination Of 81 10000 each proI
erly engraved as soon as possible
and to have them bear the date Q
January Is, 1922; and numbere
from 1927 to 1777 inclusive.
| Be it further Resolved, That tn
President of this Board and the men
bers are hereby constituted a commi
tee and are instructed to advertis
for bids through the columns OF SCI
eral periodicals setting forth the dat
of sale and manner Of sale, for the i
gal length Of time. Said bids to
sealed and shall be opened by Il
Board of Commissioners, at the dom
cile of the Board ut rallulah, La,
the specified time Of the advertis
| ment. Said bonds to be soil for m
! less than their par value and sha
| be in the following form, to-wit:
The Board of Commissioners for Il
II Fifth Louisiana Levee District
II Know all men by these present
that the Board of Commissioners
| the Fifth Louisiana Levee District,
corporation created by Act No. A,
| the Acts of the Legislature OF tt
| State of Louisiana for the year 1873
| approved July 2, 1885, for value r.
ceived, promises to pay to bear'
fifty years after date with the optic
of said Board of Commissioners
| pay the same after forty years fro
the date hereof) the sum OF VI
Thousand. Dollars ($1,000.00) t
eether with interest thereon from II
date hereof until such principal su
| is paid at the rate Of five per cent p'
annum, payable semi-annually on Il
Fifteenth day of January and July
leach year, on presentation and surrel
. der Of the respective iterest coupon
. therefor attached as they several
4 become due.
3 Both the principal and interest
) this bond are payable in gold coin
! the United States Of America OF Il
3 present standard of weight and nm
! ness at the Office Of the Treasurer
! the State of Louisiana or at the Fl
I cal Agency Of the State in the city
q New Orleans.
81 This bond is one of q total autho
3 lied issue limited to $1,0OO,0OO.0
3 authorized by the provisions OF A
8,No. 141 of the Acts of the Legislatu