New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-11-10
MR.. CONERY PROPOSITION TO
PURCHASE ELECTRIC
LIGHT PLANT.

City Council Wednesday prop
osition to purchase the water
works submitted by Mr.. w. ?
Conery who obtained the tran
chlse to construct the trolle,
line here, was considered ant
referred to a future meeting
The proposition read as follows
To the Mayor aud members Of tn
City Council:
Gentlemen:
In consideration Of the fact of N,
already having obtained a franchis,
to operate an electric railroad il
your limits, | wish to make a pro
position to you whereby you will
sell and transfer to me the electric
light and water plant now owned
by the city of the New Iberia az i
stands today.
lam making the following offer
which | consider high, after investi
eating your contract with NJ. Lew
man & Co. and as to the amount 0.
money still due | think if you &C.
cept my proposition it will lift /
considerable burden from you
shoulders. am willing to do this
with the expectation and hope o
being properly supported by tn,
inhabitants OF your esteemed com
munity and thereby entailing NJ
loss.
This proposition as based OF
your acceptance. By acceptance
mean within reasonable length
of time. say 80 days. The reason
| put time limit is that | will b.
held up in the layout and construc
ton of my railroad powerhoust
until find out whether | am to III
clude sufficient apparatus to handle
the electric light and water works
puolhCHS VI yOul CltN.
| will state here that it is my in,
tention to build an entire new
plant, as do not consider the one
you have as being of sufficient SIZE
or in fit condition to give satisfac-
tory service.
If you see fit to turn over to me
your electric light and water plant
within the time specified above |
am willing to assume the business
balance due on the certificates of
Indebtedness which were originally
issued for $59,695, tlgether with
the interest of 5 per cent which |
understand you have paid on certI-
fcates $4,000 thereby making the
amount assumed Ivy me approx
mately $44, 696, with the under
standing that | am to have the
option so specified in your agree
ment as to paying The entire debt
at any time within the period
specified in your contract with the
said M. Lewman & Co.
| am willing to deposit with
your Board as security for my
living up to my agreement or con-
tract with you $55, 900 of 5 per cent
first mortgage bonds on my rail
road and electric light plant, said
bonds to be held by you and re-
turned to me in proportion to the
amount | pay over to you either
from time to time or at once, to
cover the amount Of the indebted
ness | assume.
As to the water works system,
would state that it is my inten-
ion to have it part Of my contract
hat | will furnish through its
mains water which | wonld con-
ider fit for drinking purposes. As
o rates for water would state that
he rates stipulated in the ordi-
lance of Aug. Is, 1900 which or
finance is attached to and made
art of the contract with M. Lew
nan & Co., which | would propose
water to the city through |
he plugs for this service | would |
barge $50 per year per plug guar
Dteelng the same pressure as is
ow maintained.
As to the electric lights will say
would propose to furnish only
leter rates (Which | understand
ave been lately established,
amely u cents per K. W. thus
bandoning the fiat rate altogether
kept where | would consider it
nsafe to install al electric meter.
n that case | would charge lbs
er l6 C. p. lamp or its equivalent
to arc lamps furnish to the city,
ould state | would be willing to
lrnish So, 000c. p. are lamp and
urn it every night 10 the year re-
ardless Of the moonlight schedule
n $50 per lamp per year, subject
5 cents per hour for outages. !"
Mr.. Conery and Mr.. Schnei-
Ia were present at the meeting
I'd were introduced to all the
embers of the Council.
Mr.. Conery said that he did
1T expect an immediate deci-
On but hoped that the matter $
light be carefully considered
d way found whereby the
,nsfer could be made. Nor