The following ordinance was read:
Whereas, the parish of Ascension
is indebted in the sum of $16,000 for
the unpaid balance due by it for past
years; and whereas, it is impossible
for it to pay its indebtedness out of
thet revenues for the year 1914; and
whereas, in order to meet its said
obligation, it has to fund said inl
dubtedness out of the excess reve
nues above all statutory charges for
the years 1914, 1915, 1916 and 1917,
and issue certificates of indebted
ness in denominations of $1000 each;
therefore
Be it ordained by the police jury
of the parish of Ascension, that in
order to meet its indebtedness for
past years, it has taken advantage of
the provisions of Act No. 32 of the
general assembly of the state of Lou
isiana for the year 1902, to fund said
indebtedness of $16,000 out of the ex
,cess revenues for the years 1914,
1915, 1916, and 1917, above all sta
tutory charges for said years, and
to issue certificates of indebtedness
therefor in denominations of $1000,
four of said certificates being made
payable annually on or before Feb
ruary 10, 1915, 1916; 1917. and 1918,
and bearing interest at the rate of
five per cent- pjr annum, payable an
nually. Said4eertificates to be is
sued by the president of the police
jury and countersigned by the sec
retary thereof.
Be it further ordained, etc., that
one mill on the dollar or as much
thereof as is necessary to meet the
palgment of the certificates and
the interest due annually, be and is
hereby set aside and levied for the
years 1914, 1915, 1916 and 1917, out
-of the general parish tax levied for
said years.
