St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1922-04-15
TOWN Council.

MI. ~. Il. oCuOuUeIS, SeCOuueu ~
Mr.. NJ. 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
Covingtoh, 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 /. 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 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 Covington,
Louisiana, to the amount of eighty
thousand ($S0,000) dollars, evidenI-
ing the said Indebtedness, for the
purpose of providing funds for puc-
chasing or constructing waterworks,
the title to which shall be In the
public. Said bonds to bear interest
at the maximum rate Of 6 per cent
per annum, payable semi-annually,
and to run for thirty-five (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 a 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
IA, 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 ($50,0O0) 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-
clpal and interest to be secured and
paid by sufficient special tax levieG
and collected in each of the yea
while all or any Of said bond d
outstanding, in accordance with I
provisions of Article XIV, Section i
Of the Constitution and Laws of Lc
isiana MM
Section 4. Be it further resolve
etc, That a notice of said spec
election, signed by the Mayor a
Secretary, be- duly advertised &,
thirty days, in accordance with Ia |
in The St. Tammany Farmer. t
official journal of said Town; til
notice Of the election to embrac,
substantially all things set forE:.
herein, aid to further state that tic
Mayor and Board of Aldermen viii
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-
ma@