The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-05-26

westward where connection will be made
with any other trunk line as above requri-
ed"
5th "The said Central Railway Company
OF Louisiana shall maintain said Division
Headquarters and Division Terminals and
Workshops and Round House AS above set
out, In said City, during period OF at least
ten years from the beginning Of the collec-
tion OF said tax.
9Th, That the said Central Railway Con
pany OF Louisiana shall obligate itself to
the effect that II at any time. it should
abandon for the uses Of Terminals. Work
shops. Round House and Trackage. any OF
the property which it may have acquired
in the City Of New Iberia, then the said
Company shall deed over to the Mayor and
Board OF Trustees OF the City OF New Iberia
for the use and enjoyment OF the citizens
thereof all the rights. titles and interests
which the SAID Company shall have In the
said property thus abandoned, and OF which
IL can make legal disposition.
18th. THE tax to be levied and to be
collected and the annual amount herein
provided for shall not be paid to the rail
way company until the said railway line
shall have been completed and in operation,
and the other conditions herein above SET
forth shall have been complied with. H. IN
any OF the said ten years, in any manner. and
for aly cause. after the collection Of the
taxes duly authorized by the tax payers at
the election to be held in accordance here
with. and which is destined to meet the an
nual installament herein above specified,
and as required by law. there shall remain a
surplus; then the said surpI, shall be CIV
en- To the said railway company as a pay
ment on the last installnent provided for,
that Is the installment to be paid in the
tenth year, and upon such annual CUR
plusages liquidating in full by anticipation
as aforesaid the last payment, then the resi-
due. IL any shall be imputed to the next
proceeding instalment. or that which will
be due in the ninth wear and so on In sue
cesson.'
sth at is understood that if in this man
ner the sum of one Hundred Thousand Dol
lars 300, 600 be realized before the expi-
ration Of the ten years. then the said tax
shall cease and the City OF New Iberia or
its tax payers shall not be liable for any
further sum, 1t being the purpose to limit
the aggregate amount to be paid the Said
railway tDhplHy 'iS W Viz SUM
Of One Hundred Thousand Dollars $780,
600. ="
9th, at is further understood that mas
much rs the tax herein provided is princ
pally d estincd to aid the central Railway
Company OF Louisiana to acquire the
grounds necessary for depots. roundhonse,
machine shops and the trackage Incident
to he establishment In the city Of the Divi |
sion Headquarters and Terminals above
provided for. should the said Railway Com
pany of Louisiana be able to acquire the
property rs required, for a sum less than
that herein above proposed to be voted.
then will the said Central Railway Compa-
ny OF Louisiana receive from the collection |
Of taxes imposed. "A sum only equal to the
monies it will have expended in anticipa- |
ton of the collection of said taxes to acquire |
said properties together with five per cent. |
interest per aunum on such sum until its J
final llq lidation from the collection OF said |
taxes and shall release the tax payers Of |
said City OF New iberia from any further |
payment Of taxes"