New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-05-28
RESOLUTION

by the New Iberia Southern Drainage
District Board ordering the assessment
and collection of co mill special tax
upon all property subject to State taxation
within the said New Iberia Southern
Drainage District for period of twenty
five years, beginning with the year 1904
as duly authorized by the vote of the tax
payers at an election held fer that purpose
on the 23d day of February, A. D. 1904,
authorizinff the said Drainage Board to
incur debt of Ninety Thousand $50,
O00.00 Dollars, and TO issue (5%) pei
cent interest bearing negotiable bonds.
New Iberia, La, May IL, 1904.
On motion of Mr.. Blumenthal. duly sec
onded by Mr.. Decourt and carried, the
following resolution was adopted by the
Board of "The New iberia Southern
Drainage District" in session held pursu-
ant to call, with a full quorum present
Leon nj. Lemaire, President in the chair
Be it resolved, by the Board of Commits
sioners of 1.-The New Iberia Southern
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
erty tax payers of said New Iberia South
ern Drainage District, at an election held
for that purpose on the 23d day of Febru-
airy, 1904, to incur an indebtedness OF
Ninety Thousand $500, 000.0 0) Dollars, to
issue interest bearing negotiable bonds to
the amount of Ninety Thousand ($90, 600
0O) Dollars, and to levy and assess CD
three mill tax upon all property subject to
State taxation, situated in said drainage
district, for period of twenty (25)
years, was carried by 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.
Sec. l. Be it resolved by the Board of
Commissioners of 1.-The New iberia South
ern Drainage District" that debt of
Ninety Thousand $500, 100000 be, and
the same is hereby incurred for the pur
pose of constructing system of drainage
in the said drainage district, which said
Indebtedness 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
Sec 2 Be it further resolved, that the
Board of Commissioners of 1.-THE New
iberia Southern Drainage District" issue
Ninety Thousand $500, 100000 Dollars Of
twenty-five year, $50 per cent interest
bearing negotiable bonds Of the face value
of One Hundred ($lO0 .00) each, and mum
bered from one Cd to nine thousand
$4,000, respectively, to represent said in
debtedness of Ninety Thousand $500, 000)
dollars, provided for in the first section Of
this resolution. Said bonds shall consti-
tute one series, and the interest thereon
shall be pal annually on the LIST day of
July of each and every year; and said
run from the LIST day of July, 1904.
Sec. 8. Be it further resolved by the
Board Of Commissioners of 1.-THE New he
ria Southern Drainage District" that the
bonds ordered to be issued in the second
section Of this resolution shall be drawn
in such form as is most convenient and
satisfactory to the purchaser, and same
shall be signed by the President of said
drainage district, and attested by the Sec
rotary thereof, and when thus signed and
attested will be considered as issued and
ready for delivery to the purchaser.
Sec. 4. Be it further resolved, that the
Board Of Commissioners Of NThe New Ibe-
ria Southern Drainage Distrier'' shall pay
and retire, after (l0) years from the date
of issuance, Four Thousand "a ,000.00)
Dollars Of said bonds annually, to be Sc
lected by lot or chance the said drainage
board to have the option, after fifteen (l5)
years, Of paying and retiring greater
amount than Four Thousand GA, 900 .00)
Dollars of said bonds annually, but to be
to pay and retire at least that
amount; and, commencing with the year
beginning July LIST, 1905, shall set aside
each year sufficient funds for that purpose.
The said debt to be incurred, the said
bonds to be issued, the said tax to be lev
led, under and subject to and in accord
ance with the laws OF the State OF Louis
lana, and especially the provisions of Act
1859 of the General Assembly OF the State
of Louisiana of the year 1902, and other
laws upon the same subject matter.
See s. Be il further resolved, that the
special tax of CD mills on the dollar be,
and the same is hereby levied and asses
sed on all property subject to State taxa
ZION within the limits of sThe New Iberia
Drainage District, for period
Of twenty FIVE (25) years, and that the az
mill tax levied and assessed in the said
drainage district for the year 1904 be, and
The same is hereby ratified and confirmed;
aud, that the Sheriff and ex-Ofiicio Tax
Collector of the Parish Of Iberia is hereby
ordered TO collect the same as assessed.
The said tax to be appropriated each year
10 the manner provided for in the PROPOSE
lion submitted to the property tar payers
II the said election held on the Esd day Of
February, 1904.
(Signed) LION NJ. LENAIRE,
J. L. HAAsE, Secretary. President.