The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-05-19

! westward where connection will be made
with any other trunk line us above rcduri-
cd +"
5th "The said Central Railway Company
Of Louisiana shall maintain said Division
Headquarters aud Division Terminals and
Workshops and Round House az above Sc,
out. in said city. during period Of at least
ten years from the beginning Of the coIec-
ton of said tax
9Th. That the said Central Railway Con
pany of Louisiana shall oblgate itself tc
the effect that II at any time. II 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 81 the city Of New IBERIA
| for the use and enjoyment OF the citi2en'
| thereof. all the rights. titles aud interests
which the said Company shall have in the
said property thus abandoned and Of which
| II can make legal disposition
| eth. Tho tax to be levied and to be-
collected and the annual amount herer
| provided for shall not be paid to the rail
way company until the said railway line
| shall have been completed aud IN operation
| and the other conditions herein above Sc
| forth shall have been complied with. IT, II
| any OF the said ten years In any manner. an,
for any cause. after the collection OF tbs
taxes duly authorized by the tax payers A.
| the election to be held la accordance here
| with. and which Is destined to meet the an
nual installament herein above specii, d
aud as required by law. there shall remain
| surplus; then the said surpl, shall be Civ.
| en- to the said railway company rs n pay
ment on the last instalment provided for
| that Is the installmeut TO be paid in the
| tenth year. and upon such annual sur
plusages li1uidating in full by anticipation
~ aforesaid the last payment, then the resi-
due. If any shall be imputed to the mex
| preceding instalment. or that which vii
| be due In the ninth wear and so on in sue
ces4on."
| Sth at is understood that IL in this maIu
| uer the sum OF Ono Hundred Thousand Dol
| lars --sl0o, 600 be realized before the expi-
| ration of the ten years. Then the said tan
! shall cease aud the City OF New iberia OF
| It's tax payers shall not be liable for an,
further sum, II being the purpose to limit
| the aggregate amount to be paid the said
raj lway company as aforesaid, to the sun
Of One Hundred Thousand Dollars 300,
| 600 -
9th. 1T is further understood that mas
| much as the tax herein provided is princi-
pally destined to aid the central Railway
Company OF Louisiana to acquire the
grounds necessary for depots. rouudhouse
| machine shops aud the trackage Incident
| to the establishment In the city Of the Dvi-
sion Headquarters and Terminals above
provided for. should the said Railway Com
pany OF Louisiana be able to acquire the
property as required. for sum less than
that herein above proposed to be voted
then will the said Central Railway Compa-
ny 81 Louisiana receive from the collection
| Of taxes imposed u sum only equal TO the
monies " Will have expended In anticpa-
| tion OF the collection of said taxes to acquire
said properties. together with Eve per cent
interest per aunum on such sum until It's
hnal liquidation from the collection Of said
taxes aud shall release the tax PAYERS OF
said city of New iberia from any further
payment OF taxes"