The weekly Iberian. (New Iberia, La.) 1894-1946, 1900-10-13
TOWN COUNCIL PROCEEDING.


Dollars and the contract price for
the said Electric Light Plant site,
apparatus and appliances, COM
plete, including these privileged
claims, should be Forty Thousand
Dollars and should be payable il
the bonds of the town at par,
which bond should be payable IL
seventeen years, bearing five PEI
centum per annum interest, pay
able semi annually, as set forth III
ordinance of the 18th OF August
1900: ard contract price for the
Waterwerks system should be and
Is fixed at Fifty Nine Thousand
Six Hundred and..Niaey live Del
lars with interest at the rate OF D
per centum per annum until pad,
said contract price to be represent
ed by certificates with interest
coupons attached and these to b.
issued and paid i'll accordance
with the term and provisions Of
the aforesaid ordinance and
Notarial contract of Aug. 18th
1900.
Be it further ordained, that the
appropriation of revenues and
taxes and the pledge OF same for
the payment of the contract price
of the waterworks system made in
the Ordinance adopted 18th of
August 1900 shall be deemed and
taken as making the appropriation
and pledsing the revenues and
taxes to pay and to secure pay
ment of interest of the said contract
price as well as the principal there
of; the said interest being at the
rate of per centum per annum
payable semi-annually as named in
the proposal and in the Notarial
contract aforesaid.
Be it further ordained, that be-
fore the work Of construction is
begun under the aforesaid con
tract Of the 18th day of August
1900 NJ. L. Lewman & Company,
contractors, shall accept in writ
ing addressed to the Mayor and
Board of Trustees, the terms and
provisions of this ordinance.
Be it further ordained that all
ordinances or parts Of ordinances
it conflict herewith are hereby re-
pealed in so far as they conflict
nd that this Ordinance take effect
from and after its passage.
Thus done, read adopted, sign
ed, and seal affixed in open session
this Sth day Of October A. d.
1900.
Jno. BRoussARp, Mayor.
Mr.. w. r. Burke presented the
following ordinance which was
read-when it was moved by Mr..
J. A. Fagot seconced by Mr.. J. A.
French and adopted by the fol
lowing and yea and nay vote,
to wit:-Yea- Messrs Lawton.
Burke, Bernard, Lamperez, French
and Fagot Nay. None-Said ordin-
ance was then presented to the
Mayor for examination and after
examination the same was return
ed by him approved and signed
with the seal Of corporation there
to affixed
The said ordinance reads as fol.
COWS, to witt
ORDINANCE.
Authorizing the issuance and
sale and delivery of bonds of the i
,own Of New Iberia, La, to the
of SAC. 900 900 for the ac-
luiring and constructing of an
Electric Light Plant
Whereas, at a special election
jailed on the first day of Septem
I, 1900, and held at the town of
New Iberia. La. on the 3rd day
# October. 1900, the proposition
vas submitted to vote of the
taxpayers of the said
own, qualified as electors under
he Constitution and Statutes of
his State, to incur deb and to
ssue negotiable bonds of said
own, to the amount of Forty
thousand Dollars, $4,000 OO) to
e used and appropriated for the
and constructing of the