The weekly Iberian. (New Iberia, La.) 1894-1946, 1902-05-10

IOtdl assessment seventh
ward. 243,96b
Total assessment four
wards. $50. ...........,S2,l SO, 400
Or in the four wards named above
valuation of S39, 400 greater than the
total assessment of Terrebonne parish,
which parish has built and is operat-
ing two dredges On 5 mill FAX for 10
years.
If the Second, Fifth, Sixth and Sew
enth wards compose one drainage dis
trict would suggest 5 mill tax for
Is years and the floating of Sl000,000 6
per cent bonds based on the tax;
$5O, 900 of the bonds to be redeemable
in FIVE years ard $4,000 of the bonds
to be redeemable in five years and
S5o, 900 of the bonds to be redeemablf
in twelve to fifteen years. This money
to be applied as follows:
To building two dredges, at
|
To operating expenses two
dredges, five years. .... $1,000
To interest charges on $780,
900, five years........ 30,00t
Total ..... 800, oo'
At the end of five
gears there would
have been collect
ed by mill tax Oh
present basis OF as
| sassment. s53,4S5
And as assets of two
dredges at 50 per
cent of their cost 10, 600 SG3,4s
Leaving balance due at end
of five years. 1865 1
i At the end OF the first five year
$53, 900 of bonds should have been re
tired and all interest charges met
! leaving balance of $47, 900 in bond
: ito be provided for as follows:
: Drainage district annual tax $Io,69
Less annual interest on $41,-
600 at per cent. ......... 2,S2
Leaving an annual sinking
fund. ...................$ 49,
which in FIVE years would amount t
500 1856. To this aod proceeds srol
sale of two dredges. and which ha
already been put in sinking funds
$40. 900, and you have $49,3s5 to NEE
and pay $1,000 in bonds outstandin
: ! at the end OF ten years.
Il AT the termination of the fist fiv
years canal should nave been CT
fr om tidewater to the vicinity of Ne
Iberia OF a width of tory feet AMI of
navigable depth of six feet. thus ST
, curing for her drainage, sewerage n
, /, commercial outlet to the gulf; Peel
/ les Coulee and Coulee Rodere shout
/; have been dredged the limits OF tn
! Sixth ward; the Bayou Petite Ans
dredged from near Avery island [
: Pare Perdu, and the outlet of til
: Grand Marais, on the western limits
the parish, cut from the Abbevill
| branch railroad bridge to open tide
!, water two miles below. All of this, i
, my opinion, can be done in five year
} from the commencement of the Worl
! The Seventh and Fifth wards can D
' drained effectually in two years afte
: work is commenced, and the secon
!: dredge can then go to the ASST tame
!; of Dredge No. I, still working her wa
e to New Iberia In the meantim
: most OF the lands in the Second, FIT
e and Seventh wards will have double
$ in value; as with proper drainage the
will be the mo valuable in Iberi
parish.
7 With due Difference to the views !
!, others, l submit the following su.
1 gestions as to routes for canals |
E drain, sewer and give tidewater nav
S CATION to small boats TO New lheri
t and to drain the Sixth, Second. Eft
t and Seventh wards:
z First-A canal to be cut from Bayo
t Car1in or one of its branches to Coule
t Rodere, then following this cou1ee
i its head. where Salt Mine branch raj
] road crosses the public road 1eadin
! from New Iberia to AbbevilIe, Q
] lands Of Jos. Segura. BY survey !
!. c<>.,tLarn Pacific rai1road enpinee,