New Iberia enterprise. (New Iberia, La.) 1885-1902, 1900-10-13
seal affixed in open session, this sth day of
October. A. ID. 1900.
John BROUSSARD. MayOl

seal affixed in open session, this Sth day of
October, A. d. 1900.
JOHN BRoUssARD, Mayor.
Mr.. w. r. Burke presented the following
ordinance which was read, when it was
moved by the following yea and nay vote,
to wit: Yea, Messrs. Lawton, Burke, Ber-
nard, Lamperez, French and Fagot, Nay,
None. Said ordinance was then presented
to the Mayor for examination and after
examination the same was returned by
him approved and signed with the seal of
the corporation thereto affixed
The said ordinance reads as follows, to-
wit
ORDINANCE
Authorizing the issuance and sale and de-
livery of bonds of the town of New Ibe
ria, La, to the amount of $40, 900. 90
for the acquiring and constructing of an
Electric Light Plant.
Whereas, at Il special election called on
the first day of September, 1900, and held
at the town of New Iberia, La, on the 3rd
day of October, 1900, the proposition was
submitted to a vote of the property tax
payers of the said town, qualified as elec
tors under the Constitution and Statutes
of this State, to incur debt and to issue
negotiable bonds of said town, to the
amount of Forty Thousand Dollars, ($4O,-
00O.00) to be used and appropriated for
the acquiring and constructing of the
Electric Light Plant with land necessary
for the site, and for the purchase of the
paraphernalia and apparatus necessary
for the Electric Light Plant and for the
expense incident thereto and to authorize
the Board of Trustees to assess and levy
an annual special tax of three mills on
all the property subject to taxation within
town of New Iberia for the period of sew
enteen years, to be devoted to the pay
ment of principal and interest of the debt
and,
Whereas. the incurring of the said debt
and the issuing of the said bonds for these
aforesaid purposes and the levying of the
special tax of three mills on a dollar upon
all property subject to taxation within the
town of New iberia, was authorized by
vote of the majority in number and
amount of the property tax payers of the
said town, qualified as electors under the
laws of this state, voting at said special
election, as more fully appears by refer
ence to the ordinance adopted on the 1st
day of September, 1900 and by a notice of
election and the proclamation of the Mayor
of said town of New Iberia on the lst day
ofSeptember, 1906, duly published for thirty
days in the official journal of the town,
and by the returns of the election, duly
certified as appears by the minutes of this
Board, on the 5th day of October, 1900.
Therefore be it ordained by the Mayor
and Board of Trustees of the town of New
Iberia;
Section l. That the Mayor and Clerk of
said town be and they are hereby author
lied, empowered and directed to prepare,
or cause to be prepared and to execnte
under the seal of the town of New
iberia forty negotiable coupon bonds to be
known as the electric light bonds of the
town of New Iberia, Louisiana, of the de
nomination of one thousand ($lO0OOO)
dollars each, dated the fifteenth day of
October, 1900, payable on the fifteenth
day Of October, 1917 bearing interest at
the rate of five per cent per annum, pay
able semi annually on the first day of
January and the first day of July Of each
and every year until the payment of the
principal sum which principal and inter-
est is payable in lawful money of the
United States at the Office of the town
treasurer for town of New Iberia, Louisi-
ana, or at the Chase National Bank in the
city of New York, State of New York
provided, however, that the first twenty
bonds, numbers () one to twenty (20),
inclusive. shall be redeemable at the said
town, at any interest period after the ex-
piration of five years from the date of the
bonds; and the said bonds from twenty
one (21) to forty (4O) inclusive, shall be
redeemable, at the option of the said town,
at any interest period after the expiration
tho of nf n hnndc .
said bonds shall be coupon in form, the
coupon may be executed by the fac simile
signature of the treasurer of the said town !;
provided that each of the said interest
coupons shall be for the sum of $25, save the
interest coupon due January l, 1901, which
shall be for the sum of ten and 54-10O dol
lars and the last interest coupon which
shall be due and payable on the fifteenth
day of October, 1917, and shall be for the
sum of fourteen and 46-10O dollars.
Sec. 2. The Mayor is hereby authorized
and directed to sell and deliver to M. T.
Lewman & Company these aforesaid bonds
for the price and sum of forty thousand
($40, 100000 dollars, in cash. being the par
value thereof, or to deliver the same to
J. P. Suberbielle, cashier, as trustee, to be
by him paid out and delivered at par to M.
T. Lewman & Company, in accordance
with the terms of the notarial act made
and entered into by and between John
Broussard, Mayor, and NJ. T. Lewman s.
Company, passed before Fred W. Bauman,
on the 18th day of August, 1900, and made
effective by ordinance October 8th, 1900.
Sec. 3. The form of the bond and coupon
authorized by this ordinance, shall be
substantially as follows:
United States of America, State of Loui-
isana, Town of New Iberia.
ELECTRIC LIGHT BOND, OF THE TOWN OF
NEW IBERIA, LOUISIANA.
No. 49,. 100000.
Know all men by these presents, that
the town of New iberia, in the parish Of
Iberia, State of Louisiana, acknowledges
itself to be indebted, and for value received
hereby promises to pay to the bearer here
of the sum of one thousand dollars in law
full money of the United States of America,
on the fifteenth day of October, 1917, with
interest thereon from date hereof, at the
rate of five per centum per annum, payable
semi annually on LIST day of January and
on the first day July Of each and every