The St. Mary banner., 1922-08-05

with interest at the maximum rat,
purpose of purchasing and INSTALLING
additional equipment for the com
hined electric light and water works
plant Of said Town. including the
purchase and construction of add
tlon&l Water mains?
AND WHEREAS, as will appear
from the promulgation by the Mayo,
and Coun4ilmen Of the Town OF
Franklin. Louisiana, of date June
/, 1922, Of the result Of said special
election held in said town on May
81, 1922, that the said election re-
suited in favor of the three propo-
sitionS submitted, each and every
one of SAID three propositions being
carried by a majority both in num-
hcrs and amounts of all Of the tax
payers Of SAID Town of Franklin,
Louisiana, qualified to vote at said
election under the laws of this state
participating in said election, as
shown by said PRONUNCIATION of the
result thereof; and
WHEREAS, the Mayor and the
Ccuncilmcn of the Town of Frank
lin, Louisiana, have investigated all
proceedings had in connection here
with, and have determined that they
are in Ill respects regular and have
been taken in due conformity with
law; and
WHEREAS, under the Constitu-
ton and laws of the State of Loul-
siana, it is necessary that the Mayor
and C0Uncilmen of the Town of
Franklin. the governing authority Of
said corporation, should incur debts
in the amounts and for the purposes
authorized by said election and issue
negotiable bonds therefor
Now, Therefore, Be 1t Resolved
BY The Mayor and Councilmen, of
the Town of Franklin, Louisiana, AS
follows:
SEC. /. That the Mayor and
COuncilmen Of the Town of Frank
lin, Louisiana. the governing auth
ority of the Town of Franklin. one
Of the municipal corporations Of the
State of Louisiana, and political
subdivision thereof, do, under the
authority of, in accordance with and
in the manner required by the Con-
stituton and laws of the State of
Louisiana, and for and on behalf of
said corporation, hereby incur a debt
Of
(a) THIRTY THOUSAND & NO
100 ($30,c 0,c0o.OO) DOLLARS for the
purpose of paving and improving the
streets Of said town;
(b) SEVEN THOUSAND FIVE
HUNDRED G. NO-1OO ($7,5OO0O)
DOLLARS for the purpose of con-
structing drains in said town;
(c) THIRTY SEVEN IHOUS-
AND FIVE HUNDRED & NO-1O0
1887, 100000 DOLLARS for the pur-
pose of purchasing and installing adj
ditional equipment for the combined
electric light and water works plant
of said town, including the purchase
and construction of additional water
mains for said town.
SET, /. inat to evidence said
debts hereinabove incurred. aggrega-
ting the sum of SEVENTY-FIVE
THOUSAND & NO-1OO (s75. 5.O0O.OOl
DOLLARS, the Mavor and Council
men of the Town of Franklin, Loui-
siana, for and on behalf of said cor
roration, order and authorize the
issuance of One Hundred and Fifty
NEGOTIABLE bonds, numbered from B-1
to B-150, both inclusive. to run for
2 period Of from two (2) to twenty
(20) years after their date and to
bear interest at the rate of FIVE
(5G<) PER CENT. per annum, pay
able semi-annually on the 18th days
of March and September of each
and every year, said interest to be
evidenced by coupons attached to
said bonds showing the amount of
interest due on each
bond until its maturity.
The form of said bonds shall be
as follows:
$4,000 $500 90
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF ST. MARY,
TOWN OF FRANKLIN.
Emblem) (Number)
PUBLIC IMPROVEMENT
BOND OF THE MAYOR AND
IOUNCILMEN II THE TOWN or
'RANKLIN, STATE OF LOUISI-
ANA
KNOW ALL MEN BY THESE
'RESENTS: That the Mayor and
,ouncilnen of the Tonn of Frank
N, Louisiana, municipal corpora
ion organized under the laws of the
tate of Louisiana and political
ubdivision of said State, is Indebted
,, and for value received, hereby !
romises to pay to BEARER
I'VE HUNDRED & NO1-OO (s5O0.-
00) DOLLARS
awful money of the United States ,
America, on the 18th day of :
eptember. with interest at the rate
FIVE $50 PER CENT, per an
um from date until paid, payable ,
on the first days of the +,
'onths of March end September on !
resentation and surrender of the
nneXed cnlInnns hnarinor faoc;.,,; IL