The weekly Iberian. (New Iberia, La.) 1894-1946, 1900-10-20
Council Proceedings.
Continued from the last issue

Whereas, the incurring of ,ht
said debt aud the issuing of th'
said bonds for these aforesaid
purposes and the levying of thu
special tax of three mills on {
dollar upon all property subject tC
taxation within the town of New
Iberia, was authorized by vote OF
the majority in number and
amount of the property tax pay
ers Of the said town, qualified as
electors under the laws of this
State, voting at said special elec
ton as more fully appears by re
ference 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 1st day
of September, 1900, 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 1. That the Mayor and
Clerk of said town be and they
are hereby authorized, empowered
and directed to prepare, or cause
to be prepared, and to execute un-
der 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 denOmina-
ton of One Thousand (*1OOO.OO)
Dollars each, dated the fifteenth
day of October, 1900, pay
able on the fifteenth day of
October 1917 bearing interest at
the rate of five per centum per
annum, payable 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
interest is payable in lawful
money of the United States at the
Office of the town Treasurer for the
town Of New iberia, Louisiana. or
at the Chase National Bank ia the
city of New York, State of New
York; provided, however, that the
first twenty bonds. rumbe, s (D one
TO twenty (2o) inclusive, shall be
redeemable at the option o. the said
town, at any interest period alter
the exp ration of Eve years from the
date of the bonds; and the said
bonds from twenty-one (21) to forty
(4O) inclusive, shall be redeema BILE.
at the option Of the said town, at
any interest period after the explr-
alton of ten years from the date Of
the bonds, said bonds shall be cou-
pom IN form, the coupon may be
executed BY the fac smile signature
Of the Treasurer of the said town;
provided that each of the said inter
est coupons shall be for the sum OF
Twenty Five Dollars, save the
interest coupon due January the
first, 1901, which shall be for the
sum of Ten and 54.lOO Dollars and
the last interest coaron which shall
be due and payable on the fifteenth
day OF Octoper 1917 and ehall be
for the sum of Fourteen and 46-1OO
Dollars.
Section 2. The Mayor is here
by authorized and directed to sell
and deliver to NJ. T. Lawman &
these aforesaid bonds
for the price and sum of Forty
Thousand ($4O.OOO.O Dollars, in
cash, being the par value thereof,
or to deliver the same to j. p.
Suberblelle, Cashier, as Trustee
to be by him paid out and delivered
1t par to NJ. +. L,wman & Com
pany, in accordance with the terms
Of the Notarial Act made and en-.
tered into by and between John
Broussard, Mayor, aud M. T. Lew
man 4 Company, passed before
Fred w. Bauman, on the 18th day
Of August, 1900, and made effective
BY Ordinance October 9Th, 1900.
Coct,on z The form IF the hord