Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-01-27

propriate such sums as it may be
called upon to meet the demand Of
the Mississippi River Commission, as
required by the Flood Control Act,
and
Whereas, the Commission has made
the allotment for the seasons of
1920-1921, for the Fourth United
States Levee District within this dis
trict, and the pro rata Of the allott-
ment for this Board was for $751;
10000, of which sum $1,000,000.00,
has been contributed, the balance
$37, 10000, was deferred. 1t is the
purpose of this resolution to author
ize the President Of this Board to
contribute the balance Of the amount.
Therefore, Be 1t Resolved, That the
President of this Board be and he is
hereby authorized and empowered to
draw q warrant on State Treasurer
Of Louisiana, or any banking insti-
tuition having funds of this Board, to
be countersigned by the Chief of the
Board of State Engineers of Louis
lana, made payable to the First Ma
tional Bank of Lake Providence, La,
for deposit in the said bank and to
the credit of Col. Chas. L. Potter,
President of the Mississippi River
Commission, the sum of $37,750.00,
Thirty Seven Thousand, Seven humid
red and fifty dollars, to be used joint
ly in levee construction in the Fifth
Louisiana Levee District, in accord
ance with provisions of the Flood
Control Act of Congress, Approved
March LIST, 1917.
On motion of Comr. Boney, Sec
onded by Comr. Neal, the President
and Mr.. Schoenberger, of the Board
Of State Engineers, were appointed
a committee to represent this Board
at the next meeting Of the Mississippi
River Commission, in St. Louis, Mo.
AT IL o'clock M, the time adver-
tised for opening of bids and receiv-
ing bids for the sale of $250,000.00,
bonds Of this Board, the Board went
into a committee as a whole and or
dered the bids opened and read by
the Secretary as follows
ID w. L. Slayton, bid the sum of
$250,001.00 conditioned on the
Board paying $6,999.00, commissions,
unless the bidder be allowed to name
the depository and guarantee to keep
the funds in the depository for 8h
months.
(2) .Helgason Bros, bid the sum
Of $3.50, 100000 and secured int. con-
ditioned on their naming the deposit
tory and the funds being kept in
the depository for a period Of one
year.
(3). Sutherlin Barry & Co., bid
$3.50, 10000 and accrued int. with
condition that the money be placed
in escrow in some bank to be named
by them and paid by installments of
$15, 100000 monthly without interest,
to have an average deposit of 81
months
The Board then, after hearing the
bidders, went into executive session,
and after comforting with its At
torney, and after receiving his ad-
vice that none of them were in legal
form and not in compliance with the
laws governing sale of these bonds,
the Board, on motion of Commissioner
Boney, seconded by Commissioner
Shields, rejected all of the above
bids.
The bidders were then asked to
submit any other proposition they
might wish as a private bid on these
bonds and after hearing from those
who desired to make another offer,
the following private bid was &C
cepted by the Board, to-wit:
Tallulah, La, Jan. goth. 1922.
Board of Commissioners Fifth Louis
lana Levee District,
Tallulah, La.
Dear Sirs:-
Conforming to your advertisement
for the sale of $250,000.00, $50
levee Bonds bearing interest payable
semi-annually, we agree to pay you
par and accrued Interest for sa,re
upon delivery Of bonds subject to
approval of our Attorneys as to le-
gality Of issue and further that Tie
funds be deposited with US subject to
the order, the demand Of your Board
and the allotment of the Mississippi
River Commission, for the construc.
ton Of levee only, for year 1922. Al
evidence Of good faith we enclose oul
check Yr $4,000.
Respectfully,
GEO. WILLIAMSON,
Vice President First National Bank
Vicksburg, Miss.
On motion Of Comr. Boney. sec
onded by Comr. Shaw, the following
resolution was adopted