New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-08-28

that the Clerk Of the Board OF
Trustees of the City Of New Iberia
be and he is hereby directed tt
cause the above assessment anC
this ordinance to be recorded IL
the mortgage records of the Re
corder Of the Parish of Iberia.
Sec. 5. Be it further ordained
ETC., that the Mayor Of this City
be and he is hereby authorized to
issue certificates Of Indebtedness
covering the deferred payments
on the above assessments, due Oh
account Of the said sidewalks con-
structed: such certificates to have
annexed to them coupons for the
annual payments, together with
the amount of interest due by the
respective property owners; said
interest being at the rate of six
CO. per cent per annum, dated
on the day this ordinance is adopt
ed and payment sec red by spe-
cial assessment herein levied. the
funds from which shall be avail
able solely for the purpose Of
meeting said certificates at ma
turity, and for no other purpose.
Sec. 6. Be it further ordained,
etc. that the Certificates of In
debtedness herein authorized and
provided for shall have annexed
to them coupons representing the
annual amount in principal and
interest. due on said certificates,
in the Usual form. and these cou
pons shall be remeemed and paid
on presentation to the Trustee of
! Finance of the City of New Ibe-
ria, La, Oh or after the date they
respectively become due, or be-
fore. at the option of the owner
Of the property against which it
was issued.
The form Of the Certificates of
Indebtedness herein authorized
and provided for, shall be sub
stantially, as follows, to-wit:
State Of Louisiana, Parish of
Iberia, City Of New Iberia.
Sidewalk Improvement Certitic ate.
This certities that the City OF
New Iberia, La, will pay De Jer-
sey & Natf. Contractors, or bear
er, the sum of ........ Dollars,
in five equal annual installments.
evidenced by Coupons hereto at
tached. namely, one-fifth Of said
amount on 49,. 1916; One-tifth
Of said amount on ..... 1917 !;
.one-fifth of said amount on. .....
1918; one-fifth Of said amount Oh
....... 1913; and one-fifth of said
amount on. 80. .192O-and inter-
est thereon at the rate Of six per
cent per annum, payable annual
ly upon the surrender of the an
nexed Coupons until said sum is
fully paid out Of and from the
special assessment tax fund of
said City created by law and the
! contract between said City and
said DeJersey & Naff, for said
purpose, unless sooner paid by
the property owner hereinafter
named. Coupon No. 5, when paid,
is to be surrendered with this
Certificate. 1t is hereby certified
that the said sum is legally due
and payable on or before said time
to said City by ....... the prop
ertv owner in said City, for side
walk put down and completed by
said Contractors and accepted by
the CITY Of New Iberia in accord
ance with a contract made be-
! tween said City and said Con-
, tractors, Feb. II. 1915. That 20
per cent of the whole assessment
levied against said owner and his
property has been paid i'll cash
according to law, and in accord
ance with City Ordinance No..
adopted the 49,. day Of ......
1915, by which ordinance spe-
cial assessment and tax was levied
against the within described real
estate AUDITING said sidewalks,
curb.np or portion thereof to be
paved or improved, which assess
ment ordinance has been record
led in Mortgage records. Book No.
49,. pages. of the Parish of
Iberia, La, whereby the payment
of this Certificate and the inter-
est thereon is secured by lien
and privilege and first mortgage
except taxes, on the property of
said owner, improved in said City,
to-wit: Lot No. 80. in Block
No.. fronting. feet OH
Street in New iberia. La.
Total assessment levied against
said property is 49,; 20 per
/ q Dol q