New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-02-20
CALL FOR ELECTION
BY THE
New Iberia Southern Drainage
District.

Notice is hereby given that an election
of the properly qualified electors OF the
New Iberia Southern Diisnge District
will be held on the 23d day OF February,
1904, to vote for acceptance or rejection
OF the proposition embodied in resolu-
ton of the Board OF Commissioners OF the
New Iberia Southern Drainage District,
adopted on the 4th day Of January, 1904.
and being az fellows, to-wit:
Be it Resolved, by the Board OF Com
mssioners of the New Iberia Southern
Drainage District, that,
Whereas this Board OF Commissioners
now exists by authority OF regular organi-
cation under the provisions OF Act No. lob
of the Acts of the General Assembly Of
the State OF Louisiana. for the session OF
1902, and the amended charter OF the City
OF New Iberia aud,
Whereas the law requires submission
OF propositions such rs ere hereinafter
contained to the resident property taxpay-
els entitled to vote at such elections their
authorization or disapproval; now, there
fore,
Be it resolved, that an election be. and
the same 10 hereby, ordered 70 be held OF
the qualified electors under the oonstitu-
tion and laws Of the State Of Louisiana OF
the New Iberia Southern Drainage Dis
trict ON the Esd day Of February, 1904,
after due notice aud publication of notice
in the official journal OF the City Of New
Iberia for period OF thirty (30) days -
required by law to take the sense OF the
property owners upon the following propo-
sitions which are hereby submitted to the
said property taxpayers At said election,
namely:
lat. To incur an indebtedness Of Ninety
Thousand ($90, 100000 Dollars for the
porposs Of constructing q system Of drain
age for the New Iberia Drainage District.
2nd. 10 authorize the New Iberia South
eru Drainage District to issue Ninety
Thousand $500, 000.00) Dollars twenty
Eve (25) year. Ave (5%) interest bearing
negotiable bonds of the face value OF One
Hundred ($l00.00) Dollars each, and
numbered from (D to Nine Thousand
(0000), respectively, to represent said in
debteduess OF Ninety Thousand ($9O, 900. 90
Dollars. Interest on all said bonds shall
be paid annually Said bonds TO be
dated and to commence to run from the
lst day Of July, 1904. The Drainage Dis
trict shall pay and retire after ten (lO)
wears from the date Of their issuance -Four
Thousand "a 100000 Dollars OF said bonds
annually to be selected by lot or chance,
The District to have option after fifteen
(I5) years of paying and retiring greater
am ,unt than four thousand dollars Of said
bonds annually. but to be compelleds to
pay and retire ut least that amount. And,
commanding with the year beginning the
1st day Of July, 1904, shall set aside each
year sufficient funds for that purpose.
Said debt to be incurred, said bonds to
issue, and said tax to be levied under,
subject to, and in accordance with the
laws Of the State Of Louisiana, and esps-
cially the provisions OF Act l60 OF the
General Assembly Of the State Of Lcuisi.
ana for 1902 and other laws bearing upon
the same subject matter.
3rd. To authorize the New lbsria
Southern Drainage District to levee {
three C., mill tax on oil property within
said drainage district subject to Stats
taxation, said taxes to run for period
of twenty-five (25) years. Said taxea
shall he applied in the order following,
namely: For the First Ten (l0) Years,
First, for the payment Of interest On said
bonds herein authorized.