The weekly Iberian. (New Iberia, La.) 1894-1946, 1906-06-02

westward where connection will be made
with any other trunk line as above reguri-
ed"
5th "The said Central Railway Company
OF Louisiana shall maintain said Division
Headquarters aud 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
ton of said tax.
9Th, That the said Central Railway Con-
pany of Louisiana shall obligate itself I"
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, ali the rights, titles and interests
which the said Company shall have in the
said property thus abandoned, and OF which
it 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. II, IN
any OF the said ten years, IN any manner, and
for any cause. after the collection Of the
taxes duly authorized by the tax payers at
the election 10 be held in accordance here
with and hich Is destined to meet the an
nual installament herein above specific d,
and as required by law there shall remain a
surplus; then the said surplt g shall be civ
en- to the said railway company as a pay
ment on the last installment prov ided for
that Is the installment TO be paid in the
tenth year, and upon such annual sur
pusages liguidating in full by anticipation
as aforesaid the last payment, then the resi-
due. IL any shall be imputed to the mex,
preceding installment. or that which will
be due In the ninth wear and so on in sue
cessiOn."
sth 1T Is understood that 10 In this man
ner the sum OF one Hundred Thousand Dol
lars --Sl00 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, IT being the purpose to limit
the aggregate amount to be paid the said
raj Way company rs aforesaid, to the sum
Of One Hundred Thousand Dollars --alOO,-
600 -
9th. at 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. roundhouse,
machine shops and the trackage incident
to the establishment In the city OF the Divi-
sion iIeadquartHs aud 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 ~ Louisiana receive from the collection
OF taxes imposed, n 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 annnm on such sum until Its
hnal liquidation from the collection Of said
taxes and shall release the tax payers OF
said City OF New iberia from any further
payment OF taxes"