New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1904-06-04
RESOLUTION

ny the New Iberia Southern Drainage
District Board ordering the assessment
and collection of q (3) 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 for that purpose
on the Odd day of February, A. ID. 1904,
authoriznff the said Drainage Board TO
incur debt of Ninety Thousand $500,
| 10000 Dollars, and to issue (5%) per
cent. interest bearing negotiable bonds.
New Iberia, La, May IL, 1904
On motion of Mr.. Biumenthal, 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 full quorum present
Leon M. Lemaire, President in the chair
Be it resolved, by the Board of Commits
sioners of "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
proposition was submitted to the prop
erty tax payers of said New Iberia South
ern Drainage District, Mt an election held
for that purpose on the Odd day of Febru-
airy, 1904, to incur an indebtedness of
Ninety Thousand ($90, O0O.O O) Dollars. to
issue interest bearing negotiable bonds to
the amount of Ninety Thousand $500, OOO-- |
Oo) Dollars, and to levy and assess a 90 |
three mill tax upon all property subject to |
State taxation, situated in said drainage |
district, for period of twenty i've (25) |
years, was carried by the vote of the prop |
erty tax payers voting at said election i'm |
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 'The New Iberia South
ern Drainage District" that a debt of
Ninety Thousand $500, O0O. OO) be, and
The same is hereby incurred for the pur
pose Of constructing system of drainage
n the said drainage district, which said
indebtedness consists Of the debt author
zed by the voters at said election on the
Sd day of February, 1904, OF Ninety
Thousand coo, 900 90 Dollars.
Sec. 2. Be it further resolved. that the
3oard of Commissioners of "The New
IBERIA Southern Drainage District issue 5
Ninety Thousand 500, OOO. OO) Dollars of
wenty five year, (5%) per cent interest ,
Fearing negotiable bonds of the face value
II One Hundred ($10O OO) each and num-
'ered from one % to nine thousand
S,ooo) respectively, to represent said in
ebtedness OF Ninety Thousand ($9O, O0O) /,
ollars, provided for in the first section of !,
q Inf Sa.I l.. 1
ute one SERIES and the interest thereon s
hall be pail annually on the 1st day of G
nly OF each and every year; and said q
onds shall be dated and commence to
I'M from the LIST day of July, 1904. .
Sec. 3. Be it further resolved by the j
'oard of Commissioners of "rhe New he b
Ia Southern Drainage District" that the
onds ordered to be issued in the second
ection OF this resolution shall be drawn
such form rs is most convenient and A
to the purchaser, and same Y
hall be signed by the President of said h
rainage district, and attested by the Sec
'tary thereof, and when thus signed and y
TESTED will be considered as issued and d
lady for delivery to the purchaser. v
See. a. Be it further resolved, that the
GARD OF Commissioners of "The New Ibe-
a Southern Drainage Districr" shall pay
nd retire, after (10) years from the date
issuance, -Four Thousand ga, 600. OO)
ollars OF said bonds annually, to be Sc
cited by lot or chance the said drainage :,
'ard to have the option, after fifteen (15)
'ars, OF paying and retiring q greater
Mount than Four Thousand ($4, 600. OO)
ollars of said bonds annually, but to be A
'mpelled to pay and retire at least that
mount; and, commencing with the year
ginning July 1st, 1905, shall set aside
ch year sufficient funds for that purpose. S
le said debt to be incurred, the said
'nds to BIO issued, the said tax to be lev
4, under and subject TO and in accord "a
zee with the laws Of the State of Louis pt
na, and especially the provisions of Act bt
OF the General Assembly OF the State a,
Louisiana of the year 1902, and other
VS. upon the same subject matter. 81
Sec. 8. Be it further resolved, that the la
ecial tax OF (3) mills on the dollar be. of
d the same is hereby levied and asses -,
on all property subject to State taxa
N within the limits of "The New Iberia
nihern Drainage District for period of
twenty five (2j) years, and that the (3)l
u tax levied and assessed in the said n
ainage district for the year 1904 be. and
: same is hereby ratified and confirmed;
d, that the Sheriff and ex-Offieio Tax
Hector OF the Parish Of Iberia il hereby g
Tered to collect the same rs assesssd
6 said tax to be appropriated each year
the manner provided for in the PROPOSE OF
u submitted to the property tax payers Of
the said election held on the 23d day Of h,,
bruary, 1904.
Signed LEON NJ. LEMAIRE. all
!. L. HAAsE, Secretary. President Oh
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