New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-06-28

The following resolution WIS
introduced by Mr.. Landry, sec
onded by DR.. Boykin and car,
ried by the following yea ana
nav vote: Yeas-Messrs. King,
Boykin. DeBlanc. Dec0urt, Gary
Landry, Romero O. Nays
Messrs. Delcambre, DrulIheJ'
Gates (3).
,.s,lu,iop and ordinance making an
anpropriatiou of Forty Thousand Dollars
in ton annual insfalments of Four Thou
sand Dollars. with four per cent INTEREST
per spnum. for the purpose OF Construct
ing and maintaining public highways
throughout the Parish of IBERIA ana pro
vidirp for the funding into bonds OF tue
appropriation stated.
/ SECTION Il. it ord aimed and resolved
nv the Police Jury of IBERIA PARISH 'na
for the purpose of constructing ana maiu
tanning n system OF punie highways
! throughout the Parish of Iberia, An ap
propriation of Forty Thousand DOLLARS
| hereby made. devided and payahie III IN
stslImpnts of -Four Thousand Dollars each
| wear. bearing four per cent i"terest per
annum, which appropriation hereby mane
,bsll be budget each year and provided
for out of the svails of the residue OF me
ten mill tax authorized by Article 232 OF
the Constitution OF the State OF Louisiana
after making provision for the payment
Of all statutory and ordinary charges.
Section 9. Be it further ordained and
resolved by The Police Jury OF IBERIA
Parish. that the residue OF the Ten MIL
tax autho, ICED by Articls 232 OF the Con
stitution of Louisiana after making pro
Visions for the payment OF statutory ana
ordinary charges for the vesrs 1914. lslo,
1916. 1917. 1918, 1919, 1920, 1921, l922,
and 1929 shall he and the same ~ hereby
irrevocably dedicated to the payment OF
rho sum Of Four Thousand Dollars each
yesr during said years, with four par cert
interest per annum on the aggregate
amount herein appropriated and outstand-
; ing each year during the period of years
enumerated.
| Section 3 Be it further ordained and
resolved by the Police Jury of iberia Par
ish. that the appropriation of Forty
Thousand Dollars, with five per cent in
terest per annum, herein named shall
funded into four hundred bonds with an
pnal interest coupons attached Each
: bond being for the sum OF OHe Hundred
DoIIays and being spriel bonds from one
, TO 400 inclusive, bearing five per cent in
B terest per snnum, payable annually, and
y bsinp dated Jan lst, 1914, 1915, 1916
e 1917. 1918. 1919, 1920, 1921, 1929 and 1872:
the bonds to be retired each year to bs
!. in their numerical order, beginning witt
number l.
Section 4. Be it further ordained ant
solved by the Police Jury of iberia Par
lish, that the President and Secretary o
the Police Jury shall adopt the form, YER
biagp and style Of the bouIs ami coupon
herein provided for and shall sign tn
b same. A facsimile signature ofthe Presi
dent and Secretary may be used Tor th
coupons.
# Secti IN 5 Be it further Resolved ant
q ordaiued bv the Police Jury of lheri
d Parish. that the proceeds of the bono
i her. in providei for shall be used solel
7 for the purpose Of constructing and man
il tanning system of public highway
' tbrouy hnnt the Parish of Iberia, and shsl
X not be diverted or used for any ether put
u pose. and that the purpose hereof is t
conform with Article 2St of the constifu
ton of the State of Louisiana with refer
ance to an appropriation and bonds TO
e the construction Of highways, and that n
4, ipadvertance, omission or ambiguity
1t these presents shall affect the validity c
y said bonds, and that any purchaser Q
n purchasers thereof will be assumed t
ID have purchased the same upon the solem
IN declaration that the Police Jury of Iberi
10 Parish will at any and all times do what
D ever may be eneumbent or necessary
d promptly retire the said bonds as they re
} spectively mature, and pay the intere'
l. coupons likewise as they respectivel
ct mature.
10 Section g. Be it further resolved an
G. ordained by the Police Jury OF Iberia Pa
u ish that the budget drawn and prepare
byt Police Jury each year during to
a. perici of years herein enumerated sha
or include and provide for an annual SUI
il adequate and sufi cient to pay the intere'
IN coupons and forty bonds each year dn
Of ing the years herein enumerated, but ths
any failure to 80 budget shall in no wis
lie or manner affect the payment of th
bonds to be retired each year tOgethe
with the interest coupons due; and tbs
r. irrespective of the budget an amount su
- fcient and adequate for this purpose
hereby rravocably dedicated for the yea
1914, 1915, 1916, 1917, 1918, 1919, 1922
1921, 1929, 1923.
= H. A. KING President
+ W. L. BURKE, Secty.