New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1913-08-16
ORDINANCE.

Instruments OF rouI 'ho'''"''
Dollars. with five per cent inter
est per annum. for the purpose
of constructing and maintaining
a system of public highways
throughout the Parish of Iberia,
and providing for the funding
into bonds Of the appropriation
stated.
Section l. BE it ordained ana
resolved by the Police Jury OF
iberia Parish. that Tor the puf-
pose of constructing and main
tain,ng n system of public high
WAYS throughout fhe Parish oi
Iberia. an appropriation OF for-
tv Thousand Dollars is hereby
made. devided and payable in IN
staIlmpnts of -Four Thousand
Dollars each year. bearing hVe
per cent interest per annum,
which appropriation hereby made
shall be budgetcd each year ana
provided for out OF the aVa'ls OF
the residue Of the ten mills tax
authorized by Article ~ OF the
Constitution of the state Of Lou
isqana, after making provisions
for the payment Of all statutory
and ordinary charges,
Section 2. BE it further or
daincd and resolved by the 20
lice Jury of Iberia Parish. that
the residue Of the ten mills tax
authorized by Article 232 OF the
Constitution Of the state of Lou
israna after making provisions
for The payment OF all statutory
and ordinary charges for the
wears 1913, 1914. 1913, 1916. 1917,
1918, 1919. 1890, 1921 and W.
shall be and the same is hereby
irrevocablv dedicated TO the pay
ment of the sum of Four Thou
sand Dollars each year during
the said years, with five per cent
interest per annum, on the az
gregate amount herein approp-
rated and outstanding each year
during the period Of years enum-
Grated.
Section 3. Be it further or
dnined and resolved by the Police
Jury of Iberia Parish. that the
appropriation Of Forty Thousand
Dollars, with five per cent inter
est per annum herein named shall
be funded into eighty bonds with
annual interest coupons attached,
each bond being for the sum OF
Five Hundred Dollars. and being
serial bonds from ] to 80 inclu
sive, bearing five per cent inter
est per annum payable annually,
and being dated January 18th,
1914. 1915, 1916. 1917, 1918, 1919,
1920 1921. 1929 and 1923, the
bonds to be retired each year
to be in their numerical order,
beginning with Number ],
Section 4. Be It further or
dained and resolved by the Police
Jury of Iberia Parish, that the
President and the Secretary of
the Police Jury shall adopt the
form, yerbiage and style of the
bonds and coupons herein prnvid-
cd for and shall sign the same.
A fac-simile signature of the Pres
ident and Secretary may be used
for the Coupons.
Section 5. Be it further or
dained and resolved by the Police
Jury Of Iberia Parish. that the
proceeds of the bonds herein
provided for shall be used solely
Tor the purpose of constructing ,
md maintaining a system Of pub
io highways throughout the
Parish OF Iberia, and shall not +,
% diverted Or used for amy 9th
" purpose and that the purpose
s to conform with Article 2sl G
If the Constitution Of the State
# Louisiana with reference to an
and bonds for the
construction of highways, and f.
hat no inadvertance, omission or b
in these presents shall t
fleet the validity Of said bonds, |.
md that any purchaser or pur- h
hasers thereof will be assumed t.
o have purchased the same upon f"
he solemn declaration that the
'olice Jury Of iberia Parish will
+ any and all times do whatever .
nay be eneumbent or necessary b
0 promptly retire the said bonds u
y they respectively mature and =
ay the interest coupons likewise, "
$ they respectively mature. )
Section 6. BE it further or b
aimed and resolved by the Po- u
ce Jury of Iberia Parish, that " :.
le budget drawn and prepared h
y the Police Jury each year dur
lg the period of years enulne-
pted shall include and provide II
,r an annual sum adequate and Z,
efficient to pay the interest cou- a.
ens and Eight bonds each year in
l1ring the years enumerated but ~
lat any failure to 50 budget n,
lall In no wise or manner af-
ct the payment Of the bonds to =
: retired each year, together al
18th the interest coupons due; q
nd that irrespective of the bud -
It, an amount sufficient and v,