New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1905-12-30
MINUTES BOARD OF THE NEW IBERIA
SOUTHERN DRAINAGE
DISTRICT.

A called meeting of the Board of Com
| missioners of the New Iberia Southern
Drainage District was held on the 23rd
| day of December, with President R. F.
| Delahoussaye in the chair, and the fol-
| lowing members present, to-wit: G. G..
Laughlln, R. D. Stansbury, John Fisher,
| 0. Renoudet, Louis Indest and Paul
| VOORHEES,. Secretary John E. Schwing
| and Hon. l.. T. Dulany representing the
Board of Commissioners and Hon. r. f.
Broussard representing Mr.. 2. w. Thomas
and F. s. Hoyt, contractors, were also
present as was also Mr.. z. W. Thomas.
The minutes of the previous meeting
were read and approved. The object of
the..meeting was to consider the matter of
amending the contract entered into on the
25th of April, 1905, for the construction of
drainage system for this district, par
ticularly with reference to so amending
said contract as to enable the Board to
dispose of the $50, 900 bonds issue direct
and thus be amply protected by cash
deposit, in the event any default should
occur in the carrying out of the contract.
Hon. r. F. Broussard then submitted a
formal proposal touching this subject, in
behalf of Messrs. z. w. Thomas and F. S.
Hoyt, and said proposal after being read
was ordered filed and spread in extenso
on the minutes. The proposal was duly
accepted, upon motion, made, seconded
and carried, and the President, Mr.. Della
houssaye was authorized and instructed on
behalf of the Drainage District to enter
into formal contract of amendment in
accordance with the terms of the proposal
The Board met again On the Goth day of
December at 10 o. clock a. M, and again
at noon; the final elimination of all the
above meetings is the following contract
being entered into.
"That the contract dated the 25th day
of April, 1905, entered into between the
Board of Commissioners of the New Iberia
Southern Drainage District, and F. 5.
Hoyt, as we'll as subletting of said con-
tract to z. w. Thomas, approved July 9th,
1905, shall be, and is hereby amended, as
follows. to-wit
l. The compensation to be paid for
the work constructed shall be fixed at the
sum of $50, 1900 payable in cash in the
same manner, subject to the same condi-
tons and at the same periods as stipulated
in the original contract of April %, 1908,
azores aid; said payment Of 5000 cash
to be in lieu and instead of the payment
of $50 900 in bonds; the manner, made,
time and conditions under which said cash
payment is to be made remaining, how
ever, the same as was stipulated in re-
gard to the payment of the bonds for
which this cash payment is substituted.
9. The stipulation in said contract
aforesaid to the effect that the contractor
should to the extent of So 400, assume the
the payment of the costs and expenses in
cured by the Drainage District up to the
date of said contract i'll the preliminary
work necessary in the premises. shall be
cancelled and annuied. and in lien thereof,
the said Drainage District shall relieve
the said contractor of said assumption.
and shall assume on its own behalf the
payment OF the said costs and expenses.
g. That the stipulation in said con
tract of April 25th. 1905, to the effect that
the Board OF Commissioners of the Drain
age District shall, beginning with the
year 1908, and each succeeding year for
ten years lay aside sinking fund OF not
less than 81 $50, to be applied 10 the pay
ment of the principal of said bonds, and
to the further effect that said deposit oil
said sinking fund shall be pisced IN the
State National Bank of New Iberia, or in
any bank to be designated by the holder
of the bonds, shall be cancelled and an
nuiled, and same be of no binding Or