New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-06-11
RESOLUTION

by Tie New Iberia southern DfdlHaBt
District Board ordering the assessment
and collection of a CD mill special ta'
upon all property subject to State taxation
within the said New Iberia Southelr
Drainage District, for a period of twenty
five years, beginning with tl," year 1904
as duly authorized by the vote of the ta>
payers at an election held for hat purpns'
on the 23d day of February, A. d. 1904
authorizinff the said Draina.r Board t.
incur a debt of Ninety Thousand $500,
600. 90 Dollars, and to issue (5T) pei
cent. interest bearing negotiable bonds.
New Iberia, La, May II, 1904.
On motion of Mr. Blumenthal duly see
onded by Mr.. Decourt and carried, the
following resolution was adopted by III,
Board of "The New Iberia Southern
Drainage District in session held pursu
ant to call, with a full quorum present
Leon NJ. Lemaire, President ia The chair
BE it resolved. by the Board OF Commits
-ioners Of The New lhe1it Southern
Drainage District" that.
Whereas, lay II resolution nf the said
Board OF Commissioners OF the said New
Iberia Southern Drainage District, adoptC d
or the ith day of January, 1904. by which,
proposition was submitted to the prop
elty tax payers of said New Iberia South
ern Drainage District, at an election held
for that pnrpose--ti the 23d day of Fehrli-
AIRY, 79o|, TO incur an Indebtedness OF
Ninety Thousand $500, 600. 00) Dollars, to
issue interest bearing negotiable bonds to
the amount Of Ninety Thousand G 800, 900
0O) Dollars, and to levy and assess CD
three mill tax upon ali property subject to
State taxation, situated in said drainage
district, for q period of twenty five (25)
years, was carried be the vote of the prop
erty tax payers voting at said election in
number and amount in order to carry out
the proposition Submitted TO the said
property tax payers, at the said election
as aforesaid.
See. !. Be il resolved by the Board of
Commissioners of "The New iberia South
ern Drainage District" that debt of
Ninety Thousand 1890, 900 OO) be, and
the same is hereby incurred for the pur-
pose of ecastr"shIig system of drainage
indebtedness deubsts of the debt author
lied by the voteiNdat said election on the
Odd day of February, 1904. of Ninety
Thousand 900, 000. 90 Dollars.
Sec. q BE it further resolved, that the
Board of Commissioners of 1.-The New
Iberia Southern Drainage District Issue
Ninety Thousand $3.50 600. 00) Dollars of
twenty i've year. (5%) per cent. interest
bearing negotiable bonds of the face value
of One Hundred ($l0O 001 each and nun
bered from one % to nine Thousand
$1,000, respectively, to represent said in
debtedness of Ninety Thousand { 800 .OOO) |
n 1aI For hr,
this resolution. Said bonds shall eonsti |
ute one series, and the interest thereon |
shall be pal annually on the lst day of |
July of each and every year and said |
bonds shall be dated aud commence to
'un from the lst day of July, 1904.
See. 3. be it further resolved by the
Board of Commissioners of "The New Ibe-
ia Southern Drainage District" that-the
bonds ordered to be issued in the second
section OF this resolution shall be drawn
n such form as is most convenient and
to the purchaser, and same
'hall be signed by the President of said
irainage district, and attested by the Sec
etary thereof, and when thus signed and
ittested will be considered as issued and
eady for delivery to the purchaser.
See. 4. Be it further resolved. that the
Board of Commissioners of 1.-THE New Ibe.
ia Southern Drainage Districr" shall paw
md retire, after (10) years from the date
# issuance, Four Thousand ga 900 .OO)
dollars of said bonds annually, TO be Sc
ected by lot or chance !; the said drainage
BOARD to have the option, after fifteen 15)
ears, OF paying and retiring greater
lmonnt than Four Thousand ($4 600 .OO)
dollars of said bonds annually but to be
compelled to pay and retire at least that
monntl and, commencing with the year
BEGINNING July LIST, 1908, shall get aside
ach year sufficient funds for that purpose.
'he said debt to be incurred, the said
ouds to be issned the said tax to be lev
I'd, under and subject to and in accord
ana, and especially the provisions Of Act
% of the General Assembly Of the State
Louisiana of the year 1902, and other
aws upon the same subject matter.
See. 8. Be it further resolved, that the
peeial tax of (3) mills on the dollar be,
nd the same is hereby levied and asses
I'd on all property subject to State taxa
on within the limits of 1.-The New Iberia
outhern Drainage District" for period
twenty five (25) years, and that the 60
ill tax levied and assessed in the said
rainage district for the year 1904 be, and
e same is hereby ratified and confirmed;
I'd, that the Sheriff and ex-Olficio Tax
ollector of the Parish of iberia is hereby
dered to collect the same as assesse d.
he said tax to be appropriated each year
the manner provided for in the PROPOSE
On submitted to the property tax payers
the said election held on the 23d day of
ebrnary, 1904
(Signed) LEON NJ, LEMAIRE,
). Il. HAAsE, Secretary. President