New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-07-10


etc, that the Mayor Of this City.
be and he is here y a thorlbed 10
issue certificates Of Indebtedness.
covering the deferred payments
Oh the above assessments, due on
account of the said sidewalks con
structed; such certliir ates 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
(6) per cent per annum, dated
oh the day this ordinance is adopt
ed aud payment see red by spe-
cial asae ssment herein levied. the
funds from which shall he avail
able solely y for the purpose Of
meeting said certificates at ma
turity, and for no other purpose.
Sec. 6. BE it further ordained,
ptc., that the Certificates of In
debtedness herein authorized and
provided for shall have annexed
to them coupons representing the
annual amount in primer pal 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 lbe-
ria, La, OH or after the date they
respectively become due, or be-
fore. at the option of thu 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 Certificate.
This certlfies 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 installlnents,
evidenced by Coupons hereto at
tached. namely, one-fifth of said
amount OH $3.50. 1916; one-tltth
of said amount OH ...... 1917;
one-hfth of said amount on. -.
1918; one-fifth Of said amount OIL
49,. 1913; and one-6fth of said
amount on. -. 1920-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 III is
fully paid out of ad 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 i e
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 III cash
according to law, and in accord
ance with City Ordinance No. -.
adopted the .... day Of ....
1915, by which ordinance u spe
cial assessment and tax vas levied
against the within described rea
estate abutting said sidewalks,
curb,np or portion thereof to be
paved or improved, which ass ss-
ment ordinance has been record
ed 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 a lien
and privilege and first mortgage
except taxes, on the property of
said owner. improved in said City.
to-wit: Lot No. in Block
No. fronting .... feet Oh
49,. Stree in New Iberia. La.
Total assessment levied against
said property is $.....; 20 per
cent paid $.....; Balance i. -.
That in the event this Certifi
rate and the interest thereon. or
any installment, shall not i've paid
at maturity the said City of New
Iberia. through its proper officer.
will exercise all the power and
with which said munic-
ipal corporation has been or may
be hereafter invested by law TO
ruiIppt and nav nyar IN tha hul dor