St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1922-04-08
TOWN COUNCIL.

VtOntlnued from page il
Mr.. C. E. Schonberg, seconded by
Mr.. M. P. blanche, offered the fol-
lowing resolution for adoption:
resolution OF the Mayor and Board
OF Aldermen Of the Town OF
Covington, Louisiana
A resolution proposing to incur
debt and issue bonds Of the Town OF
Covington, in the Parish Of St. Tam
many, State of Louisiana, for certain
purposes, and ordering special
election for the purpose of SUBMIT
ing to the property taxpayers of said
town, the propositions for said pur-
pose.
Section l. Be it resolved by the
Mayor and Board Of Aldermen Of the
Town of Covington, in the Parish OF
st. Tammany, State of Louisiana,
That it is necessary to incur indebt-
edness and issue bonds of said Town
OF Covington, La, at the rate, in the
amounts, and for the purposes here
matter mentioned, and appearing in
the propositions hereinafter set forth
| Section 2. Be it further resolved,
etc., That a special election be and
the same is hereby called and order
ed to be held in said Town on Tues
day, the sixteenth day Of May, 1922,
between the hours of Z a. M. and
6 p. m.
Section 3. Be it further resolved
ETC., That at said special election
there shall Ibe submitted to the
property taxpaying electors of said
Town qualified to vote under the
Constitution and Laws of the State
Of Louisiana, the following PROPOSE
tons:
Proposition for Waterworks Bonds.
! To incurdebt, and issue and sell
| negotiable semi-annual interest bear
ing bonds Of said Town Of Coyington,
Louisiana, to the amount Of eighty
! thousand ($80,000) dollars, evident-
ing the said Indebtedness, for the
purpose of providing funds for pur-
chasing or constructing WaterWorks,
the title to which shall be in the
public. Said bonds to bear interest
at the maximum rate of per cent
per annum, payable semi-annually,
and to run for thirty-fve (35) years
from the date of the bonds, and the
principal and interest to be payable
at such place as the governing au-
thority may determine; and both
principal and interest to be secured
and paid by sufficient special tax
levied and collected in each of the
years while all or any of said bonds
are outstanding, in accordance with
the provisions of Article XIV, Section
ID, of the Constitution and Laws of
Louisiana
Proposition for Sewerage Bonds.
To incur debt, and issue and Sell
negotiable semi-annual interest bear
ing bonds of said Town to amount
OF fifty thousand ($50,0OO) dollars,
evidencing the said Indebtedness, for |
the purpose of providing funds for
constructing sewers, the title to
which shall be In the public
Said bonds to bear interest at the |
maximum rate of per cent per an
mum payable semi-annually and to |
run for thirty-fve $3.50 years from |
the date Of the bonds; and the prln-
cipal and interest to be secured and |
paid by sufficient special tax levied |
and collected in each Of the years
while all or any of said bonds are |
in accordance with the
provisions Of Article XIV, Section Ii,
of the Constitution and Laws of Lou
isiana.
Section 4. Be it further resolved,
etc., That notice of said special |
signed by the Mayor and
Secretary, be duly advertised for
thirty days, in accordance with law,
in The St. Tamnany Farmer, the
official journal of said Town; the
notice of the election to embrace
all things set forth
herein, and to further state that the
meet in open session in the Town
Council Room on Boston Street, at
10 o'clock a. M, on Wednesday,
the 18th day Of May, 1922, and then
and there proceed to open the ballot
boxes, examine and canvass the re-
turns and declare the results of such
and make process verbal
Of it's proceedings.
The form of ballots to be used in
said special election shall be as fol-
oWs:
For the Issuance of WaterWorks
Bonds.
Shall the Town of Gov I--j
ngton, La, incur debt and II
ssue bonds to the amount YES II
If eighty thousand and no II
100 ($S0,000) dollars to II
'un thirty-fve $3.50 years II
rom date thereof, with in ----I
,erest at the maximum rate II
If per cent per annum, NO II
or the purpose of purchas-
ng or constructing water l.
works, the title to which
shall be in the public. I---l
Taxable valuation .......