The Donaldsonville chief., 1922-01-07
TO FUND PARISH DEBT.

ncIQ la5I ueSGay, an OfOludflCe Wa
adopted ordering and calling par
ish-widr election. to be held OF
Tuesday, March IA, 1925, at which
shall be submitted to the propert,
taxpayers Of the parish, qualified x
vote at said election the following
pro2osition:
"ro authorize the police jury o.
Ghe parish of Ascension, state ol
Louisiana, to issue reIunding. ne
9otiable coupon bonds in the sum Of
s;Xty-seven thousand (S67,000} dol
lars. Said bonds to bear interest al
Che rate o' six 60 per cent per an
nuGn, payable semi-annually, and tc
run for a period no. exceeding
twenty (2G) years; for the purpose
Of rcadjusting, refundirg. extending
and unifying the outstanding geler-
81 Indebtedness Of the parish, exist
ing January /, 1921, including the
balances due on the first and second
issues of parish road bonds issued un-
der the authority Of section 4 Of Ar
ticlc 2Sl Of the constitution Of 1913
and to secure the payment thereof
by pledging G1ln0 Of i mill OF the
general aIimOny tax Of the parish
Cor period not exceeding twenty
900 years"
in a@&inr authority Of the people
to refund The outstanding indebted
ness Of the parish, the police jury is
proceeding under the provisions of
paragraph (g( of section Id Of kr-
1ic!e "a Of the constitution Of 1921,
which reads rs follows;
"''or thc purpose OF readjustirg,
refunding extending and anifying
the whole or any part Of its out
standing Indebtedness, including
bonds supported by special taxes,
bonds issued under section 4 of Ar
Eiclc 28i Of the constitution of 1913
and any general Indebtedness ax-
lstlng January i, 1921, any subdi-
vision may, when authorized by 2
vote Of majority, in numbers and
amount, of the qualified taxpayers
thereof voting at an election held
for the purpose IN the manner mere
III prescribed, issue refunding bonds
not exceeding ir amount the bonds
refunded or indebtedness due. and
secure payment thereof by pledging
not more Jhan uwo mills of it's gem
erai alimony tax or by the levying
OF special lakes as provided in sec
tion ID fa) hereof
The indebtedness which sha police
jury desires to adjust and fund ur-
der the authority which It seeks from
the property taxpayers Of the par
'sh, was inherited by it from pre-
v.ous police juries, The total
amount thereof including balances
due on parish road bonds amount
20 $6f ,0OCs Some cf the Obligations
bear interest at the rate oE 8 pei
cent PEI AMMAN and few # the
creditors have become pressing, and
nave only been held off by tho prom
Sso tnau steps Wouit; be taken to ob
&air funG BY the issuance # bonds
&c 'iquldate their claims by :ump
SnG ali oi thc outstanding obllga
E!ons together ans! issuing bonds tcr
al amount equa; 70 the combined
total, and extending oyar a period
q twenty years the ociica Jury will |
be able 10 pay ther7 ali off at one
and the same time anG have twenty
years to pay back The morey :ea
sazeG from the sale oa tire Donds AL
a peE cent per annu:n interest,
No additional taxation vii; &c &c
1uLred TO pay the bends anc in&erest /
coupons as jhey nature. Jnde~ thei
article o. the constitution oDove
quoted, thu police ;riy-:c Authorized !
% set aside anG pledge Tor the nay
inent OF tAe sad Dclt's rnti interest
coupons, as -nrch Is We ,rills q the
3Inerai ,;;'''aai, "G:nony tax. t55y genera
'ilihohy lax is <.i,eA,, 5h3 eta |
amount of millage -y:licn tie ocii2e
'1ry is authorized to levy 70: gel-
'f&l PARIS purDos IS, 3r. cicsc "a
citation shows ..lav S5-!0C of one
nil, o. The alimony ta.;, viii Yield
ely $4,000 q r2ar, ;yh.ct
rill be anicl. to tax, are us The NAL
urnlng Zones AID iryeIes" ccuporsl i,
Y She propose ID s57 900 bo1G issle.:
the iet- in question b2ass upon.
very piece o. -rcrert..' il he ,5r-
sh, and every rrc Derty holder is
'a:urall:' interested il s?,;ns il i:
'u'daGe:. cc e@~ ID tio;,s..,' end as
economically as possible. -ho-a i'll,
q qulcko. waJ 20 wipe OF this deDt
han og ,no isslance D. be lGs as pro-
osed in he crd.nanc, OF me ooii@e
ury. Jnu,- tnc Ic.lC ssu4 olen,
h9 Indebtedness Ill BE- paiG With !
Ut Gne lef..' :. one c,n. # nx;ra {
axes, :.ne in slcf wa lie. the
ayn3cnv vi, ..ov ope-sYe as /" hard I
'ip Oh anybo1y. i
2il GAat tn polio, jury, lie luIy
ecteG anC qualified cep~ese.i tatires
shE people = il :,aris.. ask at i
le eie2tio" % oe Ae'c Ma.cr -. is t
DC authorized y he property az !
ayers 3rl.7 Il llalifieG { rcte At saic !
ection, % a.lticipeve Sc i0C 81 a';s
Ill of IL fou.-..lill pa >'ist tax, pso-. =
oec &c: - he Constitution, .:or p I
'G5od OF ,w1A,y veers. ane 4 tund Il
is lnIo h0lGs o prov,re 1roney tc =.
y olf lie sa'C debts "
There &C.. De apsolu,elv }, DO .
ctioI y vi, )la.. proposed ~ the; -
ry 70 pay off vhe oarisr lebts, 9,
1lch Will Ac"e < - ..ait; SOM day, ~
d lnasm .cl &c he PROPOSED plar ~
payment does re-: contemplate :
y furthe- eXa.ion ,ne ~ oposition =
omitted oI ,hC lection. .,:cu:d
rry by q ,i.aninio:,s ,o+-.
Rec Mel sas;ai} zJfncels oi
~ SfS rncr-Ia. s,,aatioo ,a1s oc- ~