The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-05-12

westward where connection will be made
with any other trunl, lino as above reuuri-
"a
3th Tho said Central Railway Company
4 Of Louisiana shall maintain said Division
| headquarters and Division Terminals mud
Workshops and Round House as above So,
out, IN said city. during period OF at least
ten years from the beginning Of the colicc-
iirn OF said tax
9Th, That the said Central Railway CON
pany Of Louisiana shall obigate itself t.
'he effect that II at any time II should
abandon for the uses Of Terminals. Work
, shops Round House aud Trackage. any II
/ the property which II may have acquired
in the city Of New Iberia then the said
Company shall deed over to the Mayor and
BOARD II Trustees OF tho city of New Iberias
| for the use and enjoyment of the citizen
| thereof. ali the rights. ttlcs and interests
which the said Company shall have in the
said property thus abandoned and 81 which
il can make legal disposition :
1th. "Thc tax to be levied and to lie
collected and the annual amount herein
prov ded for shall not he 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. IT. IN
hny Of the said ten years, in any manner. and
mr. any cause. after the collection OF the
taxes duly authorized by the tax payers al
the election to he held in accordance here
with. and which IL destined to meet the an
nuHl instalamcnt herein above specfi Il,
and AZ required by law, there shall remain q
surplus: then the said surpl, shall be v
on to the said railway company as n pay
mcut on the last installneut provided for.
that Is the instalment TO be paid IN the
tenth year, and upon such annual sur
plusages igudatng in full by anticipation
as aforesaid the last payment, then the resi-
due. If any shall be imputed to the next
preceding installment. or that which will
be due in the ninth wear and so on In sue
npesion
sth 1T is understood that IL in this man
ner the sum of One Hundred Thousand Dol
lars 800. 600 be realized before the expi-
ration Of the ten years, Then the said tax
shall cease and the City Of New Iberia OF
Us tax payer shall not be liable for any
further sum, it being the purpose to limit
the aggregate amount To be paid the said
railway company as aforesaid to the sum
OF tnp nnnufe1 thousand Dollars --flnh.-
600 -
9th. at is further understood that mas
much rs the tax herein provided is princ |
pally destined to aid the central Railway
Company Of Louisiana to acquire the
grounds necessary for depots, roundhouse.
machine shops aud the tIackage incident
to the 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 as required. fnr a sum less thar
that herein above proposed to be vote
then viii the said Central Railway Comps
NY Of Louisiana receive from the collection,
OF taxes imposed, a sum only equal to thu
monies il will have expended in anticipa
ton Of the ollcclion Of said taxes 10 acquire |
said properties. together with Eve per cent |
Interest per Iuuum on such sum until IT, !
final liquidation from the collection or said |
taxes aud shall release the tax payers or |
said city of New iberia from any further /
payment nf taxes"