New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-10-06
ACT NO. ~.
By Mr.. Nogetle.
Senate Bill No. Is.


the payment thereon of said bonds
provide to the people Of
the State of Louisiana of constitutional
of said bonds and confirming the provisions Of his
Whereas due this published City New
leans for more than thirty days introduction
raj Assembly aud due evidence ho has exhibited
Weas by City of New Orleans un
der of
amendment adopted at the general election of 1900
have proved completion sewerage
drainage Of the Assembly
advised that Will probably require million dollars
Whereas by the increase of present
and prospective the one half of the surplus of the
levied by Article of
@na Of 1895 and the special tax mills voted by the
be more than Sufficient to nav te nt tb 1 ILL., %i
lars bonds issued under said Act
and actually produce large surplus dedicated
thereof which and will be
ton thereof the issuance of
- retirement thereof prior to January 1912; and
people the whole State that these public works shall be speed
y completed and that their completion should
long series years by the gradual application that end of the
surplus as it aoorues year by year:
thirds of all the concurrng
That subject the ratification of the by
State
submitted to them the City of New Orleans shall
aggregating eight dated
January 1907 bearing payable
nu the principal of which shall be payable the option the
any tune between January o and January 1912 Said bonds shall be
styled New public
shall be of the denomination of thousand dollars
United coupons pay
able July and January They shall Mayor Comp
of andco
Vice President Liquidation
They be registered and released registry
prescribed by said Board
be negotiable Like other they exempt
on State and parish and municipal and the
ndcts shall be authorized invest
constitutional
authority for the issuance of said bonds shall have been obtained shall
the Board Liquidation expense
er BOARD Of New Orleans From t &c @ m ss .ia sewerage S anu
bonds
proposals.
interest after thirty days adver
sent newspaper published in each Of the cities Of
New York Chicago and New Orleans.
Section Be further enacted That
held Board warrant
the Sewerage and Water Board
dd IN said Act NO. OF the extra session of 1892 and the amendment
and drainage systems Of the City Of New Orleans With %
(a) That if the expenditure
completion of the whole said proceeds the balance
Liquidation
expended for only.
% That when completed
than the months
months operation surplus that
the said bonds
such of
further proceeds of
applied proportion may be required to the completion
and drainage
Section further
of the principal and
all surplus arising after January G 1907 from the one half of cent
debt tax levied by the City New Orleans
Constitution of louisiana and from the
in year
M 1912 remaining after paving the interest the twelve millions
of
provisions No 1885, the
half wears interest reserve fund therein provided for which said two mill taY
January provided
No of the session of 1899 IT, after
sinking hereinafter for shall
said said further surplus shall
public
of the City of New Orleans and
than sufficient such the shall be
Liquidation the credit of the
public such
bridges
Section Be enacted That
Liquidation shall
herein dedicated the the interest
bonds aside sinking fund sufficient
millions
at least
shall
Chicago
the they will be (which shall
the advertisement
said bonds shall
the City Debt is hereby directed sell said millions
Public
ly the
Section further That
arrested
that values should sinking
retire said bonds January 1912 all said
shall extended
CALL provided