The weekly Iberian. (New Iberia, La.) 1894-1946, 1911-10-07

| II
Traction and Power Company, as
forfeit for the building of an in
ter,lrhan electric line in New Ibe
ria, and from New Iberia to Jean
or"ttc, conditioned upon the Court
deciding that two mill tax ha
been voted and imposed in favor 0
said Company FOR ten years, upo,
the property in the City Of Nea
iberia
Yours very truly,
J. S. POWER,
Mayor
| O. Renoudet,
c. Girard,
! r. -. SouthWcil,
| Victor Etath,
! Luke Trainor,
| w. Lassallc.
The following letter was present
ed and read:
New IBERIA, La, Oct. 5th, 1911
To the Honorable Mayor and Board
of Trustees OF the City OF New
Iberia, New iberia, La.
Gentlemen. Herewith we hand
you a letter showing that we have
| deposited Five thousand Dollars in
the New Iberia National Bank of
the City of New Iberia for the pur-
pose of complying with the terms
and conditions OF an ordinance
Passed by your Honorable Body
on the 18th day Of May, 1911, but
owing to the pending litigation we
have deposited the money upon
the terms and conditions as ex-
nracCnI cold Intt pII IL Ipn1rnI M
the Bank, a copy OF which is here
td attached to this letter, and
made part thereof in the same
manner and to the same extent as
If it had been written herein in ex-
tense, and the undersigned res
pectfully ask and pray your Hon
orable Body that you accept said
deposit upon the. terms and condi-
tions expressed In said letter, and
that you pass an ordinance evi-
dencing that fact.
Yours very truly,
Southwestern Traction & Power Co
A certificate showing the deposit
of the S5,000.00 with the New Iberia
National Bank was exhibited and q
copy of same filed with the Coun-
Gil.
AN ORDINANCE recognizing the
suit of Morgans Louisiana & Tex
as Railroad and Steamship Com
rany VS.. Southwestern Traction
Power Company, NO.---------Of
the docket OF the Nineteenth Judi
cial District Court as one OF the
causes of delay contemplated ia an
ordinance passed by this body on
May IL, 1911; extending the time
limit within which the said street
railway system should be complet
ed, as well as all rights and fran
chisea granted by said ordinance,
to nine months from the date upon
which Judgment in said suit shall
become final, and accepting the de-
post Of S5,000.G0 made by South
western Traction & Power Com
pany.
WHEREAS, this body on the 18th
day of May, 1911, passed an ordi-
nance granting franchise and
right OF way for the purpose OF
constructing a street railway in
the City of New Iberia TO South
western Traction q Power CO0-
pany, and
WHEREAS, Section 10 of said Or
dinance required the said South
western Traction & Power Com
pany 10 deposit in bank in the
City OF New Iberia the sum of o5,-
100000 as an earnest and forfeit that
said railway system should be COM
pleted as provided in said ordi-
nance; and
WHEREAS, said ordinance furth
er provides that the time limit
should be extended in the event Of
any character of litigation, etc.
and
WHEREAS, a suit has been insti-
tuted by Morgan's Louisiana 4
Texas Railroad and Steamship Co.
VS.. Southwestern Traction & Pow
er Company, the
of the Nineteenth Judicial
District Court in and for the Par
isb of Iberia, filed therein on the
3Oth day of September, 1911, con-
testing the validity OF the two
mill tax voted in favor of said
company in aid OF the construction
Of an interurban railroad to con-
meet with the street railway con-
templated in said ordinance, said
road to run from New
Iberia to Jeanerette; and
WHEREAS, this character OF liti-
CATION is just such litigation as was
contemplated in the said franchise
ordinance above referred to; and
WHEREAS, the said company has
deposited said S5,00O.00 in New lbe-
ria National Bank of New Iberia
upon the terms and conditions ex-|
pressed in a letter accompanying
said deposit which are to the ef-
feet that the money is deposited
on condition that it should remain
there to await the determination
of the suit and in the event said
suit was decided adversely to the
plaintiff and the tax declared to
be valid and HNki ng, then that the
company should ave nine months
from the date ~ the finality OF
the judgment declaring the said
tax to be valid in which to con-
struct the said road;
Section 1. BE TT ORDAINED BY
THE MAYOR AND BOARD OF
OF THE CITY OF
NEW IBERIA that the time limit
within which said Southwestern
Traction & Power Company was,
by the aforesaid ordinance reluir-
ed to complete and put in opera
:ffun the aoid railway system. and