St. Landry clarion. (Opelousas, La.) 1890-1921, 1914-05-30

that any property owner desiring to
pay the entire assessment in cash, or
any portion thereof before maturity,
shall have the privilege of 50 doing.
Section 3. Be it further ordained,
ETC., That in default of payment or the
part of the said property owners o
owner of the assessment herein levied
against them, or any part thereof, the
City Attorney shall Immediately pro-
coed by suit, in the name of this muni-
cipality to enforce payment in the
ner provided by section four az Of Act
Number 24f OF the General Assembly
OF the State OF Louisiana for the year
1912.
Section 4. Be it further ordained,
etc, That the Clerk of the Board of Al
dermen Of the City Of Opelousas, Louis
lana, be and he is directed to cause the
above assessment and this Ordinance
recorded in the Mortgage records of
the recorder of the Parish Of St. Lam
dry.
Section 5. Be it further ordained,
ETC., That the Mayor of this City be and
he is hereby authorized to issue in the
name of the City of O~pelousas, Louis
lana, Five 81 certificates of indebted
ness, covering the deferred payments
on each of the above assessments, due
on account of said Creosoted Wood
Block Pavement construction, such GER
tificates to be in the sun of sixteen
ZIG percent percent of the total assess
ment againt the respective property
owners hereinabove set forth, bearing
interest at the rate of eight q percent
percent per annum from date until
paid, said interest being payable nnu
ally, dated on the day this ordinance is
adopted, and payment of the same Sc
cured by special assessment herein
levied, the funds from which shall be
available solely for the purpose of
meeting said certificates at maturity, in
principal and for no other purpose.
Section 6. Be it further ordained,
etc, That the Certificates of Indebted
ness herein authorized and provided
for shall have annexed to them, cou-
pons for interest, in the usual form,
and these Coupons shall be redeemed
an paid upon presentation to the
treasurer Of the City of Opelousas, Lou
isiana, on or after the date they respec-
lively become due.
The form of the Certificates of Indebt-
edness herein provided for, and author
lied shall be substantially as follows, to-
wit:
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
CITY OF OPELOUSAS.
CERTIFICATE OF INDEBTEDNESS
O~pelousas, La.~--l9l..
This is to certify that the city of Opel
ousas, Louisiana, is indebted to.-
..., Contractor, in the sum OIL
...--.@.. dollars together with eight
i8)per cent interest, interest payable
annually. from the date hereof until
paid, together with ten (10) per cent
additional, on amount of principal and
interest unpaid if sued upon, payable to
the order of said---------.----
years from this date, out OF the funds
derived from the special assessment,
levied by the said Board OF Aldermen
of the city OF Opelousas, La, OF date
....--..---.491-, against the follow
ing described property owners, to-Wlt:
account
of said Creosoted Wood Block Pave
ment Construction abutting said prop
erty, the entire proceeds of which said
special assessments are dedicated to the
payment of this certificate and interest
and the other four certificates and in
terest of this series, together with attor-
ney's fees fixed at ten 100 per cent on
amount of principal and interest re-
naming unpaid if sued, and being
one fifth part of balance due the said
----.-.-----.... on account of said Creo
soted Wood Block Pavement Construc
ton, as per his contract with the city OF
OpeIousas, La, of date
and of record in the office of the Clerk
of the Court of the parish fist. Landry
La.
The interest to acrue on this certifi.
cate from date until maturity hereof,
being represented by coupons hereto
attached, which, with the amount Of
| this certificate are to be paid to the