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For protection against the frequent floods of the Mississippi River, Waterloo was surrounded by levees, the large state-maintained levee in the rear and a small levee maintained by the community itself at the river's edge.
Both of these levees broke during the flood of 1884, seriously damaging Waterloo and the smaller communities of Anchor and Cook's Landing immediately downriver.
What the river did not destroy, arsonists did during the mid 1890s and there is nothing left to indicate that the town once existed.
Most of the families who lived at Waterloo moved to the parish seat of New Roads, just a few miles to the west on False River.

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