New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-12-18
Ordinance of Police Jury

Sec. l. Be it ordained and resolved
by the Police Jury of iberia Parish, Lou
isiana, that for the purpose OF refund
ing and retiring all past Indebtedness
except the bonded indebtedness) OF the
Parish of Iberia, Louisiana, an approprla-
ton of Forty Thousand Dollars Is hereby
maze, divided and payable in installmen's
of Two Thousand Dollars each year,
bearing five per cent interest per an
mum, which appropriation hereby made
shall be budgeted out of the avails OF
the residue OF the Ten Mills Tax author
lied by Article 232 of the Constitution
of the State of Louisiana, after making
appropriations for the payment of all
statutory and ordinary charges.
Sec. Q. Be it further ordained and re-
solved by the Police Jury of Iberia Par
ish, that the residue of the Ten Mills Tax
authorized by Article 232 of the Constitu-
ton of the State of Louisiana, after max
ing provisions for the payment of all
statutory and ordinary charges for the
years 1916, 1917, 1913, 1919, 1920, 1921,
1922, 1923, 1924, 1925, 1926, 1927, 1928,
1929, 1880, 1881, 1882, 1888, 1894 and
1885, shall be and the same is hereby
irrevocably dedicated to the payment o.
the sum of Tive Thousand Dollars each
year during the said years, with five per
cent. interest per annum, on the aggre-
gate amount herein appropriated and out
standing each year during the period Of
years enumerated.
Sec. g. Be it further ordained and
resolved by the Police Jury of Iberia
%La rs
Thousand Dollars with five per cent. in
terest per annum, herein named, shall be
funded into Eighty Certificates of In
debtedness, with annual interest coupons
attached, each Certificate of Indebtedness
beng for the sum of Five Hundred Dol
lars, and being serial Certificates l to
80 inclusive, bearing five per cent. inter-
est per annum, payable semi-annually on
the fifteenth day of January and of July
Of each year, the entire issue to be dated
January 18th, 1916, and due and payable
January 18th, 1917, 1918, 1919, 1920, 1921,
1922, 1923, 1924, 1925, 1926, 1927, 1928,
1929, 1880, 1881, 1892, 1888, 1884, 1885
and 1886, the Certificates of Indebtedness
to be retired in their numerical order, be-
ginning with Number 1.
Sec 4. Be it further ordained and re-
solved by the Police Jury of Iberia Par
ish, that the proceeds of the Certificates
of Indebtedness herein provided for shall
be used solely for the purpose of refund
ing and retiring all past Indebtedness
Except the bonded indebtedness) of the
Parish of iberia, Louisiana, and shall not
be diverted or used for any other purpose
nd hot he &c RI
form with Act IS of the General Assem-
bly, of the State of Louisiana for the year
1915, with referenc to the issuance OF
Certificates of Indebtedness, and that no
inadvertance, omission or ambiguity u
these presents shall affect the validity OF
said Certificates of Indebtedness, and tina,
the purchaser or purchasers thereof will
be assumed to have purchased the same
upon the solemn declaration that the
Police Jury of Iberia Parish, will at any
and all times do whatever may be en-
cumbent or necessary to promptly retire
the said Certificates of Indebtedness as
they respectively mature, and pay the in
terest coupons likewise, as they respec-
lively mature.
Sec. s. Be it further ordained and re-
SOlVeQ Dy the IOllCc J uIy VI 4Dclld d.
ish, that the President and the Secretary
of the Police Jury shall adopt the form
verbiage and style of the Certificates o.
Indebtedness and of the Interest Cou-
pons herein provided for, and shall sigr
the same A facsimile signature of the
President and of the Secretary may be
! used for the interest coupons.
Sec 6. Be it further ordained and re-
solved by the Police Jury of Iberia Pa1-
ish, that the budget drawn and pre-
pared by the Police Jury each year dur.
! ing the period of wears enumerated shall
include and provide for an annual sun
| ADEQUATE and sufficient TO pay the inter
| est coupons and four certificates OF IN
debtedness each year during the year
| enumerated but that any failure to e
budget shall in no wise or manner aztec
the payment of the Certificates of Indeht'
edness to be retired each year, togethe
with the Interest COUPONS due; and n
respective Of the Budget, and amount suit
| fcient and ADEQUATE for this purpose l:
| hereby irrevocably dedicated for the year
| 1917, 1918, 1919, 1920, 1921, 1922, l9z3
1924, 1925, 1926. 1927, 1923. 1929. 1880
| 1881. 1892. 1888. 1894. 1885 and 1886.
TroN 7 LANDRY, Vice. Prsa