Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-01-13
BOND ORDINANCE.
OF Fifth Louisiana Levee Board


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 1916, 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 134 of the General Assembly Of
Louisiana, Session of 1912, do issue
its bonds to the amount of $250,000
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-annually.
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 1916, and for
purposes set forth herein.
Be it further resolved, That this
resolution and each and every part
and clause thereof and every part and
clause of Act 141 of the Acts of the
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 or
coupons, to be used under the pro-
visions of this resolution and said
Act 141, Of 1915.
Be it further Resolved, That the
President of this Beard is hereby au-
thorized and instructed to have (2oc)
two hundred and fifty bonds Of the
denomination of $1.eG0.e0 each prop
erly engraved as soon as possible,
and to have them bear the date OF
January Is, 1922; and numbered
from 1927 to 1777 inclusive.
Be it further Received, That the
President of this Board and the men,
beers are hereby constituted commit
tee and are instructed to advertise
for bids through the columns of sew
eral periodicals setting forth the date
of sale and manner Of sale, for the le-
gal length of time. Said bids to be
sealed and shall be opened by the
Board of Commissioners, at the domi-
cile of the Board at railulah, La, at
the specified time Of the advertise
ment. Said bonds to, De sold for not
less than their par value and shall
be in the followihs. form, to-wit:
The Board of Commissioner for the
Fifth Louisiana Levee District
Know all men by these presents,
that the Board of Commissioners OF
the Fifth Louisiana Levee District, a
corporation created by Act No. "A, Of
the Acts of the Legislature Of the
State of Louisiana for the year 1886,
approved July 2, 1886, for value re-
ceived, promises to pay to bearer
fifty years after date with the option
of said Board of Commissioners to
pay the same after forty years from
the date hereof the sum of Une
Thousand Dollars ($1,000.00) to-
gether with interest thereon from the
date hereof until such principal sum
is paid at the rate of five per cent per
annum, payable semi-annually on the
Fifteenth day of January and July in
each year, on presentatlon ana surreh-
der of the respective iterest coupons
therefor attached as they severally
become due.
Both the principal and interest OF
this bond are payable in gold coin of
the United States of America of the
present standard of weight and fine
ness at the Office of the Treasurer of
the State of Louisiana or at the Fis-
cal Agency of the State in the city Of
New Orleans.
This bond is one of total author
ICED issue limited to $1,000,000.00,
authorized by the provisions of Act
No. 141 of the Acts of the Legislature