New Iberia enterprise. (New Iberia, La.) 1885-1902, 1900-10-06
Call for Election by the Iberia &
St. Mary Drainage District.

properly qualified electors of the Iberia st.
Mary Drainage District will be held on the
9th DAY OF OCTOBER, 1900,
10 vote for the acceptance rejection Of the prop
osition embodied in the resolution OF the Board OF
Commissioners Of the Iberia st; Mary Drainage
District, passed Angus. 23d 1900 and being as
"Be il resolved by the Iberia & st. Mary Drain-
age District that
Whereas, this Board now exists by reorgani.a.
tion under the provisions of Act No. II of the
Acts Of tho Legislature of this State for the year
1900, and
tracts and debts Of the old Board known as the
Iberia and St. Mary Drainage District, organized
under Act As, 1895, and
Whereas, the old Board had submitted to the
voters OF the Drainage District proposition to
incur an Indebtedness of Thirty Thousand Dol.
lars $3.50, 600. .OO), and to levy tax OF five (5)
mills on tne 5N Pay AZ 'ns G ner cent interest
bearing bonds 70 represent the said indebtedness,
which said proposition was accepted by the voters
Whereas, said bonds, although authorized, have
never been issued, and
Whereas, IL In necessary to increase the amount
of indebtedness and the bond issue in order to do
the necessary drainage work In the said District,
Whereas, the Thirty Thousand Dollars $780,.
900 OO) Of bonds authorized to be issued do not
reach the constitutional limit the assessed value
Ia lars, S$i. .OOo, 10000.
VneTefOre DC IL fe6OiVeu, tuht cieCsiOH uc iicu
Of the qualified electors under the constitution
and laws of Louisiana of the said Iberia u st.
Mary Drainage District on Tuesday, the 9th day
tiom in the ofcia journals Of iberia and st. Mary
parishes for period of thirty days, as required
by law, to take the census of the said property
up0% Ias to he ma at said
election, namely:
lst. TO incur an indebtedness ted @ Of One Hundred
Of constructing system Of drainage for the iberia
st. Mary Drainage District which indecseaness % .
Is to consist Of the ratification OF the debt author
lied by the voters on the 2sth day 81 @ Ocsoee5 e5
and an additional Indebtedness of Seventy Thou
sand Dollars $50 ,OOO.0O)
"a 70 s .f HnersS IoeIlr poIs4
.OO) OF thirty year nve y, per cent IN.
ierest bearing negotiable bonds Of the face value
Su@Ssrsd Rs se from one e to one nundrsd 100, re:
spectively, to represent the said Indebtedness Of
One Hundred Thousand Dollars lxloOOOO:VOl,
which shall consist of ratification OF the enthor.
isation granted By the taxpayers Of the old Dis
trict on the 26th day Of October, 1893, of Thirty
Thousand Dollars ($3O ,OOOOO) OF such bonds,
~ ssys sexsnty SCsn Dollars
OOO.OO), which together shall constitute n0no
issue OF One Hundred Thousand Dollars ($lOO,.
OOOOO), 10 be Of one series. Interest on the said
bonds shall be paid annually. The Drainage Dis
trict shall retire after Ave 5) years from their is
suance, Four thousand Dollars Of the said bonds
Drainass District 70 have the option, after Ave t5)
years. of retiring Z greater amount than Four
Thousand Dollars "a ,OOO.O O0l Of said bonds. but
10 be compelled to retire at least that amount. and
to svt aside each year funds for that purpose.
"a, 10 authorize the iberia and st. Mary Drain
ace District to levy Ave 90 mill tax all prop
ertv subject 70 State taxation within the said
flrsinnrc Diatrict said tax to run for period oi
thirty years. This to be ratification Of the Ave
a5l nth TAX hitherto voted in favor Of the old
District on the 28th day Of October, 1899, and m
evtension 81 the same for thirty years from the
dste q the levying OF the frat tax under this ecc