The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1913-05-10

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lar per annum # the 1ssess-
able property iii til earth \ ard of
| the Parish of st. Mary for a pariod Of
ten 1O) years, beginning Win the
year 1914, and extending to and In
GLIDING the year 1923, in aid of rail-
way enterprise, and all in favor of
the Southwestern Traction &c Power
Company. its successors or assigns,
provided that the total amount to be
| levied and realized by the Southwest
| ern Traction & Power Company shall
not exceed the sum of Thirty Thou
| sand Dollars, and the said two and
| one half mill tax shall cease and
| terminate whenever the said amount
of Thirty Thousand Dollars shall
have been realized and turned over to
| the said Southwestern Traction e
Power Company; said tax Of two and
one half mills to be thus levied and
| collected in aid of railway enter
| prise, and all for the benefit and in
favor of said Southwestern Traction
& Power Company, as considera-
ton and inducement for and to aid
said company in doing and perform
ing all of the following, to-wit:
FIRST: The said Southwestern
Traction & Power Company shall con-
struct and operate an Electric Inter-
| urban Railway Line, together with
light and power transmission line,
from the City of New Iberia, Louisi-
ana through the Parish Of st. Mary
and the villages of Centreville and
Verdunville to the line dividing the
Fourth and Fifth Wards OF said Par
i ish of st. Mary.
SECOND: The said Electric Rail.
way shall be built and completed as
a line Independent Of the Southern
Pacific Railroad or the Frisco Rail-
road. or any other railroad owned or
operated by the said railway compa-
MES.
THIRD: The said Interurban Elec-
trio Railway Line shall be construct
ed between the points hereinabove re-
cited within thirty months from the
time the results of the special cleo
ton herein prayed for are promulgat-
ed by the Police Jury Of the Parish
| of St Mary, louisiana, and shown to
have resulted in favor of the PROPOSE
ton submitted provided, that any
delays not caused by the fault or neg
ligence of said Southwestern Traction
& Power Company, in the nature of
strikes, panics, lOckOuts, failure OF
manufacturers to deliver material, or
contractors or subcontractors to com.
plete work on contract time, litiga-
ton of any character retarding the
construction OF said railway, inc'ud-
ing litigation affecting the validity Of
this tax, or any unforeseen circum-
stances beyond the control OF said
Company, then there shall be added
to the period hereinabove stated,
further delay equal to the time dur
ing which construction or operation
of said railway was thus retarded or
delayed.
FOURTH: The said Southwestern
Traction and Power Company shall
operate and maintain from and after
the completion of said road, an Elec-
trio Intelurban Passenger, Express
and Freight service between the
points hereinabove named, the same
daily service to be maintained be-
tween New Iberia, Louisiana, and
Centerville, Louisiana, as is main
tanned by said Company between New
Iberia, Louisiana, and Franklin, Lou
isiana.
FIFTH: The tax to be levied and
collected and the annual amount
herein provided for shall not be paid
to the said Southwestern Traction
and Power Company until the said
Electric Intt1urban Line shall have
been built and in operation and the
other conditions hereinabove set
forth shall have been complied with.
SIXTH: 1t is understood, however,
that any extension of the Electric In
0Railway Line in question az
ter reaching the points hereinabove
named, shall in no wise affect the tax
herein provided for, it being simply
the purpose to predicate the imposi-
ton and collection of the tax upon an
Electric Interurban Line being con-
structed between the points herein.
above named, but which may be con-
tinued to reach other points.
SEVENTH: That should said
Southwestern Traction and Power
Company desire to avail itself Of the
right to collect the amount of the tax
voted in favor of such railway enter
prise, it shall as evidence of this in
tention and it's good faith deposit
within four ca months from the day
that the result of the election has
been duly promulgated by the Police
Jury of St. Mary and declared to have
resulted in favor of the proposition
submitted, in the Centrevflle Bank.
situated in the Village of Centreville,
in the Parish of st. Mary, an amount
equal to five per cent Is per cent? Of
the total amount of Thirty Thousand
Dollars to be derived from said tax.
which amount shall remain so depos-
ted with said bank and be held by 1t
as a forfeit and until the said South
roct torn Traction and Power Gonna.