New Iberia enterprise. (New Iberia, La.) 1885-1902, 1900-10-13
passed on the Sth day of October, 1900.


proposals. after receiving bids and pro
posals for the construction of Il water
works system and upon consideration
thereof, the Mayor and Board of Trustees
of the town of New Iberia. La. did ac-
cept the proposal and bid of NJ. T. Lew
man and Company. and the said boaId did
on the 18th of August, 1900, pass an ordln-
ance authorising the making of the con
tract in accordance with the said proposal
and bid and the contract has been duly
made whereby NJ. T. Lewman q Company
have undertaken for the price and sum of
fifty nine thousand six hundred and ninety
five dollars to furnish all the material and
labor for the construction Of u watewol Ks
system in accordance with the plans and
specifications agreed npon and determined
by the Mayor and Board of Trustees.
! And whereas under the terms of the
aforesaid contract the Mayor and Board of
Trustees agreed and undertook to execute
for delivery to the said contractors certii-
| Gates of indebtedness to represent the
aforesaid contract price, and to deliver to
the contractors, NJ. II. Lewman q Com
pany, as the work progressed under the
terms of the contract, these certificates.
| And whereas by the term of the said
contract and ordinance of August 18TH
| 1900 and pursuant to and in virtue of the
provisions of act 33 of the general assem-
| bly, of 1900, approved July Sd. 1900, being
| an act amendatory of the charter of said
town ; in order to provide for the payment
of the aforesaid contract price in principal
| and interest. all the net market revenues
after the lst day of January, 1904, all net
revenues arising from the use of the elec-
| tric light plant, and from the use of the
waterwOrks system are pledged and hypo-
| thecated and so much of the revenues
| from taxes and licenses assessed and col
lected according to law as may be neces-
sary or required to make good any differ
ence or deficiency between the amount
realized from the pledged revenues afOre-
said and the amount of the contract price
annually falling due are appropriated and
pledged in advance and an annual tax of
ten mills on the dollar allowed by law is
levied in advance upon all the property
subject to taxation in the said town for II
period of sixteen years.
And whereas on the Sth day of October,
the aforesaid ordinance and contract were
by this board confirmed ratified and made
effective.
Sec ]. Be it ordained, by the Mayor
and Board of Trustees or the town of New
Iberia, Louisiana, that the Mayor and Clerk
of the said town are hereby authorized
and directed to cause to be prepared and
to execute certificates of indebtedness,
dated the 18th day of October. 1900, for
the sum of two hundred and fifty dollars,
bearing So per centum per annum inter
est, payable semi-annually on the 18th
day of April of each and every year, aggre-
eating to the sum total set out in the con
tract of August 18th, 1900, and shall de-
liver the same toJ. p Suberbielle, trustee,
to be by him delivered to M. II. Lewman
g. Company under and by virtue and pur-
suant to the provisions of the ordinance
adopted on the 18th day of August, 1900,
| and the terms and stipulations contained
| in the public act passed before Fred w.
Bauman, Notary Public for the parish of
Iberia, which act was passed pursuant to
the terms of the aforesaid ordinance of
August 18th, 1900, and confirmed and
made effective by ordinance of October
the 9Th, 1900 and the said certificate
shall have annexed to it coupons to repre-
sent the interest to be paid thereon at the
rate of five per centum per annum.
Sec. 2. Be it further ordained, that the
certificates and coupons shall read sub
stantially as follows:
State of Louisiana, Parish Of Iberia,
| Town of Iberia.
Certificate of indebtedness representing
in part the contract price of the water
works system of the town of New Iberia,
! Louisiana.
Certificate $25O.OO.
1t is hereby certified that the sum Of
Two Hundred and Fifty Dollars is dne the
bearer hereof and the Town of New Iberia,
Louisiana, agrees and undertakes to pay
on the 18th day of October, at the Office
of the town Treasurer of the town Of New
Iberia, to the bearer hereof on account of
the contract price for the waterworks sys-
tenn, the sum of two hundred and fifty
dollars.
The certificate of indebtedness is issued
to represent a part of the contract price
of the waterworks system, of ffty-nine
thousand six hundred and ninety-fve dol
lars and interest, and is secured by the
pledge and the appropriation of all the
market revenues of the said town from
and after the first day of January, 1904,
and all the revenues arising from the use
of the electric light plant, from the use Of
the waterworks system, and from the use
of any public franchises; and there has
been levied in advance a tax of ten mills
on the dollar allowed by law on all the
property assessed for taxes in the town Of
New Iberia; and there has been appropri-
nted out of these aforesaid revenues and
taxes the sum sufficient to pay the afOre-
said contract price of fifty-nine thousand
six hundred and ninety-five dollars with
interest thereon, which pledge and appro-
priation and levy Of taxes is made by vir-
tue of and pursuant to Section 2 of Act
No. 80 of the General Assembly of Louisi-
ana, approved July 3rd, 1900, and is ap-
propriated as follows:
Out of the revenues and taxes of 1900
and the licenses of 1901, there has been
appropriated three thousand dollars to pay
the interest on these certificates; out Of
the revenues and town taxes and licenses
of each subsequent year, including the
year 1914 and the licenses of 1915, there
have been appropriated six thousand dol
lars; and out of the revenues and taxes OF
1915 and out of the licenses of 1916 there
have been appropriated six thousand dol
lars to pay the principal and interest Of
this contract price, represented by these
certificates, and these revenues have been
pledged and set apart in advance and
these annual revenues and licenses have
been appropriated to meet the payment OF
the contract price and interest thereon
for the construction OF the waterworks
system. 1t is provided however, that the
town of New Iberia shall have the right ia
pay of the entire debt or any portion
thereof with accrued interest at any time
within the period Of sixteen years, should
the revenues and taxes so allow.
This certificate is proof Of .the fulfill
ment of the contract fol the cf,nstruction
of the waterworks system.
In witness whereof, the said town Of
New Iberia, La, has caused this certifi
cate to be signed by its Mayor attested by
its Clerk under its corporate seal and tho
coupons hereto affixed to be executed by
the fac-simile signature of the Treasurer
this fifteenth day Of October, 1900.
CLERK -Mayor.
COUPON.
On the fifteenth day OF April Cor Octo
ber) the town OF New iberia will pay Il
the bearer hereof the sum Of six and 25
100 dollars at the Office of the town Treas
|