The weekly Iberian. (New Iberia, La.) 1894-1946, 1912-09-07

the whole street int,rS'.t llPf
SCI ZION ~
EE W E1ETIlItH oFh 80 ~.
that the balance Of thu raqa We ~
work shall W" nprorilnN, faI
paid for rs follows. lHe aat
", stern Traction Il E"Wt1 "ea
pany shah pay ~ pr"tottt@H r..
the space orrupIe Il Us ~ rptdsed
to Tia" rutir,t Idth al
he street, the remainder ~ the
cost Vi he pad our-ih,rd Is tb5
and two th'rd@ ~
the owners OF real estate abattina
the portion Of SAID stree g" - 10
paved. on the basis 81 thrtcsltrt
i've frnntag, ~ the real .state So
SECTION y
re lT FURTHER ORD NNfD
that, whereas IN estimate hae hGrM
made showing ~ "Nccss ~ THE
anniaf y Y NJ If tn Il ~ NV
Iberia for tn" year lnl2, oyer and
above the statutory. necessary aud
usual charges OF tn Vrrf, Ia he
the sum OF Two thousand doilars
,x2 .o0o.o0D that such part 81 the
cost Of said paving rs shall H.
borne Ivy the municipal'tN ~ ac-
cordancc with Sections : aud 1
hereof shalt constitute \ d"it Of.
and be paid by th" Mayor and
Board of Trustees Of the fitE of
New Iberia one-third cash, within
ten DAYS after the completion and
acceptance Of said work and the
balance out of its excess IF an
nual revenues over and aho1 otthr
statutory, necessary and usual
charges OF the years lal2 and Tut
said excess being hereby dedicated
to the payment Of said Indebted
ness, and said indebtedness 10 he
represented hv certificates IT IN
1ehtehness or approNimatel = Hal
amount. dated ten days after the
said work is completed and accept
ed, bearing five per cent, interest
from date, and payah'" respective
" on the 3lst day %, Deoemhet
1913, out of the excess revenues
for the wear 1913, and on the 3lst
day of December, 1911, out Of thu"
excess revenues for tho Year lal !.
SECTION W
BE IT FURTHER ORDAINED,
that the amounts due and - hr
paid Nv the Southwestern fraction
Il Power Company shall h" due AMI
paid within ten days after compile
ton Of the work, ana tn" accept
ance thereof.
SECTION VII.
BE IT FURTHER ORDAINED,
that tho amounts due aud TO he
paid by the owners OF sald ahul-
ting real estate shall be payable as
follows: Twenty per cent. In cash
within ten days after the compile
ton Of the work and its accept
ancc, and the balance in fiNe elua'
instaIlmcnts payable IN one, two,
three, four and five years Or soon
or, at the option Of tho said ahuS-
ting property owners; sa'h defer
red payments TO he rcpfesen'ed ny
certificates, dated ten DAYS attef
the work is accepted, signed anu
issued by the Mavor. showing the
amounts respectively due 10y the
said abutting property owners.
The said special assessment or con
trihution represented by the SAD
certificates tn he collected by the
contractor, or his assignee. by SUIT
il necessary and said certificates 10
bear interest at the rate 81 i've
per cent. per annuH from date,
PAYABLE annually, and ten per cent.
attorneys fees if sued on, aud TO
be countersigncd by the city lefk
and duly paraphcd and identified
with this Ordinance and the con
tract awarded Hereunder.
SECTION VIII.
BE TT FURTHER oRDAlNtn.,
that the right to reject any aud ~,
ids ID hereby specially resefN 20,
and tho acceptance of any bi'i
shall not amount to n contract un-
til the said successful bidder shall
have furnished a bond signed by
good and sufficient suret,es, ac-
ceptable to the Mayor and boafe'
of Trustees of the City Of New lne-
ria, i'm the sum Of Twenty-Five per
cent. Of the contract price, con
ditioned upon the faithful per,
Torrance Of said contract, ana
which contract shall be signed ny
the Mayor and Board Of trustees
of the city OF New iberia, and the
Contractor, only after the sad re
uuired bond shall have been eN-
ecuted; provided, that the success
full bidder shall execute bond as
herein re 1uircd and shall sign tht,
contract with the Mayor and BOARD
Of Trustees OF the City of New the-
ria. within ten days from the &C
ceptancc of his bid, and shall be
GIN the actual construction OF 'hlS
work within fifteen days from th'
signing Of the contract, OthcrWlst
he shad forfeit to the Mayor and
Board OF Trustees Of the city 81
New Iberia, the Amount accom-
panying his bid
SECTION TX.
BE IV FURTHER ORDAINED
that all bidders are invited to eN-
anime this Ordinance and Nv
CONTRACT under which the sac
work shalt be executed, and the
successful bidder is required e
bid for the award Of said conttat'
according to the terms and cond'-
tons set forth in this Ordinance
and "THE CONTRACTS and spcci
fications Unidentified herewith.
SECTION &.
BE TT FURTHER ORDAl NED
that the Mayor OF the CITY OF New
Iberia be and he is hereby auth.
orizcd to- execute the said con
tract by signing the same in hi.
official capacity
Thus done, read, adopted, signst
and seal affixed in open session
at New IBERIA, Louisiana, on this
the 3Oth day OF August, Mp.
q DOVER