Ordinances Providing for An Issue of Twenty-Five Million Dollars, State of Louisiana Port Commission Harbor Improvement Five Per Cent Gold Bonds, Issue of 1915, And Act of Mortgage And Pledge of Revenues Securing Same By the Board of Commissioners of the
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Whereas, by ordinance of this Board heretofore duly passed on the 4th day of June, 1915, there were authorized to be issued the bonds of the said Port of New Orleans to the amount of Twenty-five Million Dollars ($25,000,000), and the securing of the same by way of mortgage upon certain property therein designated, and Whereas, said ordinance only provided for the rate of interest, date, denomination and maturity of a portion of said issue aggregating the sum of One Million Two Hundred and Fifty... Thousand Dollars ($1,250,000), and Whereas, it is now deemed advisable and necessary to fix the date, denomination, rate of interest and maturity of the remaining portion of said bonds not heretofore fixed, Now Therefore, Be It Ordained by the Board of Commissioners of the Port of New Orleans, SECTION 1 . That the remaining portion of the bonds referred to in the preamble hereof, aggregating the sum of Twenty-three Million Seven Hundred and Fifty Thousand Dollard ($23,750,000) be issued, bearing date the first day of June, 1915, of the denom- ination of One Thousand Dollars ($1,000) each, and bearing interest at the rate of five per centum per annum, payable semi-annually on the first days of June and December in each year, the said bonds to be of the form and payable at the place provided by said ordinance of June 4, 1915.
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