The weekly Iberian. (New Iberia, La.) 1894-1946, 1900-04-14
WATER WORKS.
And Electric Lights will be Install
ed in our City. Commissioners
Meet and Decide Upon
Plans.

w. j. Burke and Bro, by til,
Board of Commissioners to con
slider the question of electric light
and water works, and the follow
ing plans were discussed and de
cided upon:-
The Board of Commissioners, o.
the town of New Iberia, Obligate'
itself to pay $4,000 per annum fol
water works and electric lights
The commission proposes to put il
arc lights on the main thorough
fares and incandescent lights Oh
the less travelled streets. 1t also
proposes to distribute hydrants
even INTO the most distant suburbs,
which lights and hydrants if paid
for on the. schedule how in opera
ton in most Louisiana towns would
cost $500 per year. After 1904,
when it is expected that the Mar
ket House will have been paid for,
the revenues from the market, or
as much as may be necessary, will
be placed to the credit Of a sinking
fund, which will be created for the
payment of the plant, the cost Of
which is roughly estimated at be-
tween $4,000 and $4,000.
With these facts before us on
the larger estimate of cost, the in
terest would represent S4,250 at
5 per cent per annum, which is the
rate of interest agreed upon.
Using the towns budgeted sum
Of $4,000 towards the payment OF
the interest would give a surplus
of $50 annually, which amount
will 90 to the sinking fund and
would yield in 90 years S15, 600.
Added to this. the 81, 400 estlmat-
ed Market House net revenue for
l6 years would give us SO, 400,
which would of course be paid into
the sinking fund. This fund dur
ing the 30 years by jndicious in
vestment, with gilt edge security
could be made to earn from Sl5,-
900 to $4,000. These combined
sums will give us practically
$4,000, making it practicable to
meet the obligation at the end OF
20 years-the end of the contract
time. This estimate is figured
with regard to what may be the
possible earnings of the water
works and electric light plants
during the period of 20 years. Il
is not unreasonable to suppose that
the plant will declare u revenue
above the operating expenses OF
from $4,000 to $4,000 per annum
commencing SIX months after It's
installation. The revenues from
the plant would be turned into the
towns treasury. This estimate o1
the earnings of the plant is figured
on 1000 commercial lights at
basis rate Of go cents for light
Of 16 c. p, and 400 water taps al
basis rate Of s per month, glylns
a monthly revenue Of S1,12O. The
monthly operating expenses OF th'
nlant has been literally allowed
for on a basis Of S700 a month
This calculation gives us S42O pei
month or 5000 per annuln ne
revenue. In these estimates tht
day service, such sas fans, motors
&c. have not been taken into con
sideration, but may safely b'
counted Oh to yield the city a fur
ther revenue.
It is proposed to lay II Incl
mains for the basis of distribution
in the water works sy stem, which
together with lateral mains branch
ing out on both sides of the bayo'
to the very limits of the suburbs
will aggregate eight or ten mile
of water mains. Tie Power Hous
will be built with a view to II
creasing its cap Acity, by havlnI
extra room for electrical engines
steam engines and pumps. Whe
completed, the Power House vi
be equipped with two compoun
duplex pumps Of 100000 gallon
each, every "a hours. Suflicier
|electric generators will be adde
TO those already in operation, t