New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-06-18
RESOLUTION

by the New Iberia southern Drainage
District Board ordering the asse Ssment
and collection Of a CD mill special tax
upon all property subject to State taxation
within the said New iberia Southern
| Drainage District for II period OF twenty
| five years, beginning with the year 1904,
ms duly authorized by the vote of he tax
| PAYERS at an election held for that purpose
on the Odd day of February, A. u 1904,
authorizinff the said Drainage Board to
incur debt of Ninety Thousand 800
600 90 Dollars, and to issue (5r) per
cent interest bearing negotiable bonds.
New Iberia. La, May H. 1904
ON motion of Mr.. Blumenthal duly see
onded by Mr.. Decourt and carried, the
following resolution was adopted by the
Board of "The New Iberia Southern
Drainage District in session held pursll-
ant TO call, with full quorum present !;
Leon NJ. Lemaire. President in the chair:
BE il resolved. by the Board of Commits
-ioners of "rhc New Iberia Soui hern
Drainage District, that
Whereas, by resolution of the said
Board of Commissioners of the said New
Iberia Southern Drainage District adopted
on the 4th day of January, 1904, by which
"A proposition was submitted to the prop
elty tax payers of said New Iberia South
ern Drainage District at an election held
for that purpose on the 23d day of Febru-
ary, 1904, to incur an Indebtedness of
Ninety Thousand $500. 600. 00) Dollars, to
issue interest bearing negotiable bonds to
the amount Of Ninety Thousand $500, 600
00) Dollars. aud to levy and assess a 90
three mill fax upon all property subject TO
State taxation situated in said drainage
district. for period of twenty-five $3.50
years. was carried by the vote of the prop
ery tax payers voting at said election in
number and amount in order to carry out
the proposition submitted to the said
tax payers, at the said election
as aforesaid.
Sec. |. Be it resolved by the Board of
Commissioners of "The New Iberia South.
ern Drainage District" that debt of |
Ninety Thousand 800, 10000 be. and |
the same is hereby incurred for the pur-
pose of constructing system of drainage |
in the said drainage district which said |
consists of the debt author
lied by the voters at said election on the |
23d day of February 1904, of Ninety
Thousand 600, 100000 Dollars.
See. 9. Be it further resolved, that the
Board of Commissioners of "The New
Iberia Southern Drainage District issue
Ninety Thousand $500, 100000 Dollars of
twenty-five year, (5%) per cent. interest
bearing negotiable bonds of the face value
If One Hundred $500 00) each, and num-
Dered from one CD to nine thousand
10000, respectively, to represent said in
iebtedness of Ninety Thousand 800, OOO)
dollars, provided for in the first section of
his resolution. Said bonds shall eonsti.
ute one series. and the interest thereon
hall be pal annually on the LIST day of
July of each and every year and said
,onds shall be dated and commence to
nm from the LIST day of July, 1904.
Sec. 3. Be it further resolved by the
Board of Commissioners of "'The New he
ia Southern Drainage District" that the
'onds ordered TO be issued in the second
ection of this resolution shall be drawn
n such form as is most convenient and
to the purchaser, and same
hall be signed by he President of said
ralnage district, and attested by the Sec
etary thereof, and when thus signed and
tested will be considered as issued and
eady for delivery to the purchaser.
See. 4. Be it further resolved, that the
'oard of Commissioners of "The New Ibe-
IA Southern Drainage Districr'' shall pay
nd retire, after (l0) years from the date
issuance, -Four Thousand ga ,0OG. OO)
collars of said bonds annually, to be Sc I
'cted by lot or chance the said drainage
GARD to have the option, after f fteen (l5) a
ears, OF paying and retiring greater
mount than Four Thousand ($4, 900 .OO) ,
olars of said bonds annually, but to be
,mpelled to pay and retire at least that
mount; and, commencing with the year
pginning July LIST, 1905, shall set aside
'eh year sufficient funds for that purpose. u
he said debt to ba incurred. the said
1nds to be issued, the said tax to he lev
d, under aud subject TO and in accord
ice with the laws of the State of Louis
ma, and especially the provisions of Act 7
- OF the General Assembly of the State :
Louisiana of the year 1909, and other IL
VS. upon The same subject matter.
Sec. .. BE it further resolved, that the
eeial tax of (3) mills on the dollar be.
ID The same is hereby levied and asses,
on all property subject to State taxa
IN within the limits of "The New Iberia
nthern Drainage District" for period
twenty five (25) years, and that the CD
II tax levied and assessed in the said
ainage district for the year 1904 be, and
: same is hereby ratified and confirmed: -
d, that the Sheriff and ex-Officio Tax -
Hector of the Parish of Iberia is hereby
Tered TO collect the same ms assesstd d.
6 said tax to be appropriated each year
the mannes provided for in the PROPOSE
u submitted TO the property tax payers
the said election held on the 23d day of a
brnary, 1904.
SIgned) LEON NJ. LEMAIRE.
J. H. HAAsE, Secretary. President.