New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1911-08-12
THE RAILROAD TAX.

THE RAILROAD TAX.
On Monday next the citizens
and taxpayers will have another
opportunity of showing their pub
bic spirit by voting on the levylnS
of a two mill tax in aid OF the lbe
ria. st. Mary and Eastern Rall-
road extension from New Iberia
Ito Berwick. The general impress
sion among the citizens is that the
small tax asked for by Mr.. WEIGH
will be carried as it is only for ten
wears and the amount being SO
small the taxpayers will get II
back hundred fold as was the
case with the Frisco entry into
New Iberia some months since and
of which everybody seems salts
fed. Mr.. Welch, the President
and promoter Of the new road, IN
act who is responsible more than
any man in the community for the
successful termination Of the New
iberia & Northern should be- en-
|icouraged by the people. To defeat
the tax would be to understood as
not approaching what he has al,
ready done for this community and
| our people can further trust him
| in matters of this kind that mean
the advancement of every dollars
worth of real estate in New Iberia
and the new road is bound to re
doupd to the good of the entire
people.
Let our citizens do as the public
spirited citizens Of Jeanerette did
lasl Monday. out Of 1914 votes cast
the proposition received 10 with
only four against. which shows
that our sister town stands for
progress and appreciates Mr.
Welch s efforts in their behalf. AT
a meeting in this City of the
Board of Director the following
resolutions were UNANIMOUSLY
adopted:
Whereas, The petition Of the
tax payers of the City of New
Iberia praying for special cleo
ton to impose tax of two GU
mills in aid Of and for the benefit
of the Iberia, St. Mary and East
ern Railroad, containing a stipu-
|lation to the effect that the sig
ners thereof shall be bound and
obligated respectively to pay the
said tax for a period of ten years.
notwithstanding an adverse re-
suit in the election to be held on
the Fourteenth day of August,
1911. and,
Whereas. it appears to the Dl-
rectors of this Corporation as be-
ing inequitable and unfair to the
|signers Of this petition that they
be held obligated to that extent
in the event that the said election
should result in the proposition
submitted to the qualified tax
payers defeated.
Now, therefore. be it resolved
by the Board of Directors Of the
Iberia, St. Mary and Eastern Rail
road. that this stipulation iii the
petition praying for the holding OF
said election. be and the same is
hereby declaredt invalid and Of
no effect. and in the event of the
defeat Of the tax proposition
hereinbefore referred toI that
all signers of said petit
ton be and they are hereby exon
Grated from the obligation as
sumo 1 by them in the said peti.
ton.
Be it further resolved that ! q
copy of this resolution be given
to the Mayor and Board otTrus-
tees of the City of New Iberia on
the day following the holding Of
said election. and in the event
that the said tax proposition is
defeated. that the Mayor and
Board of Trustees Of the City Of
New iberia be and they are here
by authorized and directed, act
ing in behalf Of all the signers Of
said petition to accept the elm
inations and cancellation Of said
clause.
Be it further resolved that no
transfer of the stock Of the cor
poration or an assignment Of the
assets shall be permitted by this
unless the assignees
take cognizance Of this resolution
and agree to concur therein.
Be it further resolved that in
the event that the tax proposition
referred to is carried.
that the same will not be regard
ed as earned. unless it be under
the conditions following. to-wit:
The said Railroad shall be built
and completed, owned and ope-
rated as line independent Of the
Southern Pacific Railroad. the
St. Louis and San Francisco Rail
road. the New Iberia and North
ern Railroad, or of any other
railroad owned or operated by an.
or all Of these corporations.