Acadia
Parish Police Jury
Last week, two members of our illustrious police jury wrote
a letter to the editor complaining about several serious errors
in a news story on the front page of the Post Signal. They asked for
a correction on the front page where the story was carried originally.
They wrote: First, the bonds in question are not
for a loan but to sell bonds that were secured
by our voters through a tax in our district. This is a serious
error.
Excuse Me! Is this really a serious error? I
dont think so even if it had been an error: which as we shall
see, was not.
Am I to understand that these two jurors duly elected by
the people in their district to manage our business affairs in
the parish dont know the difference between a bond and a loan?
If they dont, let me hasten to explain.
Let me see if I can make this simple for simple minded folks
or like they say in the army, KISS -------------(Keep It Simple Stupid).
A bond is a secured indenture for a loan. You see
people or institutions loan their money to the parish for capital
improvements or some purpose: in this case it was for new equipment
in the Fifth Ward. In this case too, the loan was for $175,000
and secured by bonds. It is indeed, as was reported correctly, A
Loan!
There are all kinds of bonds: security, warranty, debenture,
certificate registered bond, bearer bond, coupon bond, zero coupon bond,
gold bond, government bond, municipal bond, long or short term bond
and junk bonds.
To reinforce the fact that it was correctly reported as
a loan, it was a direct quote in a press release from State Treasurer
John Kennedys office. So much for the serious error that
wasnt.
Now for the other very serious error as written by
the jurors and I quote: The other error, again a very misleading
statement, refers to Katry Martin as the Police Jury Administrator and
there is no such position. Mr. Martin is the Secretary/Treasurer
of the police jury.
Well, now this is a mistake for which the editor apologized.
This struck me as kind of nit picking but for the life of me, I dont
understand why it was a serious error. Someone has
to administer the polices of the police jury and the editor assumed
that person was Mr. Martin. Who, I wonder does administer the policies
if not Mr. Martin?
In fairness to Cecelia and John W., no one has ever accused either one
of them of being smart. Still, as someone said, little minds worry about
little things.
Maybe thats why the Police Jury as a whole is in such
a mess.
Is
this a Great Police Jury or What?
Thats my story and I am sticking to it.
Milo A. Nickel is the former President and COO of
Louisiana State Newspapers.
Crowley Post Signal
602 North Parkerson Avenue Crowley, LA
Ph: 337-783-3450 Fax: 337-788-0949