Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1922-06-23
BOND ISSUE FIFTH LOUISIANA
LEVEE BOARD.

LEVEE BOARD.
Motion Commissioner Young, duly
seconded by Commissioner Lambdin,
the following resolution, after dis
cussion, was unanimously adopted:
Be It 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
Louisiana for the year 1916, entitled
IAN act to authorize the Board Of
Commissioners of the Fifth Louis
lana Levee District to issue and ne
gotiate bonds not to exceed One
Million Dollars additional to the is
sue authorized by Section IL, Of Act
A Of 1886, and Act 134 of the Gen.
eral Assembly Of Louisiana, Session
Of 1872" etc. do issue its bonds to the
amount Of 100000 Of the denomi-
nation Of ($1o00.00) One thousand
Dollars each; said bondnpayable to
bearer, to be signed By President
Of this Board officially, and attested
by the signature Of the Secretary and
Seal 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 percent
per annum from the date Of their
issue; said interest to 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 SUBJ
ject to all the terms, provisions and
conditions Of said Act 14l Of the
Acts Of the General Assembly of the
State Of Louisiana for 1916, for the
purposes set forth therein.
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 State Of Louis
lana Of 1916, be and they are hereby
constituted part of the contract be-
tween this Board and any and all
future holders Of any of said bonds
or coupons, to be issued under the
provisions Of this resolution and said
Act 141 Of 1916.
Be It Further Resolved, That the
President Of this Board is hereby
authorized and instructed to have
(100) one hundred bonds, of the de-
nomination Of 100000 each, prop
erly engraved ~ soon a. possible, and
70 have them bear the date Of July
lst, 1922, and numbered from ITS
to 1875 inclusive.
Be It Further Resolved, That the
President Of this Board and the men,
bers are hereby constituted q COM
mittee and are instructed to adver-
tise for bids through the columns of
several periodicals setting forth the
date Of sale and manner of sale, fof
the legal length Of time. Said bids to
be sealed bids and shall be opened
by the Board Of Commissioners, at
the domicile Of the Board, Tallulah,
Ia, at the specified time Of the ad-
vertisement. Said bonds to be sold
for not less than their par value and
shall be in the following form, to
Wit:
UNITED STATES OF AMERICA
STATE OF LOUISIANA
81, 100000 Number 100000
THE BOARD OF COMMISSIONERS
for the
FIFTH LOUISIANA LEvEE
DISTRICT.
Know al men by these presents
that the Board Of Commissioners fol
the Fifth Louisiana Levee District
. corporation created by Act No. A
State Of Louisiana for the year 1886
approved July End, 1886, for value
received, hereby promises to pay to
bearer fifty years after date (witl
the option Of said Board Of Commits.
sioners to pay the same after forty
years from the date hereof) the sum
Of One Thousand Dollars 81 ,000.00)
together with interest thereon from
the date hereof until such principal
sum ID paid at rate Of five percent
per annum, payable semi-annually on
the first days Of January and July in
teach year, on presentation and sur.
render Of the respective interest cou.
|pons therefor hereto attached a. they
severally become due.
Both the principal and interest Of
this bond payable in gold coin Of
the United States Of America Of the
present standard Of weight and fine
ness ct the office Of the Treasurer
Of the State Of Louisiana or at thu
fiscal agency Of the State in the
city Of New Orleans.
/ This bond 10 one Of . total au
thorised issue limited 70 81 900, 900
authorised By the provisions Of Ac,
No. 1l1 Of the Acts Of the Legislaturs
Of the State Of Louisisna for thu
year 1916, approved July 9Th, 1916
undaP Whieh h0nda In tn tota