New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-04-24

issue cert 'ticates of Indebtedness
covering he deferred payments o
the ADORE assessments, due on az
count OF the said sidewalks cor
structed; such certificates to hay
annexed to them coupons for tn
annual payments. together wit
the amount of interest due by tn
, respective property owners; sal,
interest being at the rate of 81,
co. per cent per annually, dateC
on the day this ordinance j
adopted, and payment secured by
special assessment herein levied
the funds from which shall be
available sold for the purpose OF
meeting said certificates at ma.
turlty, and for no other purpose
Sec. 8. BE it ful ther 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 redeemed and paid
on presentation to the Trustee of
Finance of the City of New Ibe-
ria, La, on or after the date they
respectively become due, or be-
fore, at the option of the owner
Of the property against which was
issued.
The form of the Certificates Of
Indebtedness herein authorized
and proided for, shall be sub,
'tantially as follows. to-wit:
State of Louisiana. Parish of
IBERIA, City Of New iberia
Sidewalk Improvement Certificate,
This certifies that the CITY Of
New iberia. La, will pay DEFER
'ey & Naff. Contractors, or bear
r.. the sum Of 49,. 'Dollars, in
i've equal annual installments. !
videnced by Coupons hereto at
ached, namely, one-ffth of sail
on 1916; one-ffth
# said amount on. -. 1917; one
fth of said amount on -. 1918:
ne-fifth of said amount on ......
919; and One-fifth of said amount
n 80. 192O-and interest there
n at the tate of six per cent per
mum, payable annually upon the
Of the annexed Cou-
ons until said sum is fully paid
ut of and from the special as
essment tax fund of said City
reated by law and the contract
etween said City and said De-
ersey & Naff, for said purpose, un-
'ss sooner paid by the property
wner hereinafter named. Cou-
on No. 5, when paid, is to be sur
,ndered with this certificate. It
hereby certified that the said
I'm is legally due and payabl on
before said time to said City
the property owner in said
lty, for sidewalk put down and
'mpleted by said Contrac tors
Id accepted by the City of New
eria in accordance with con-
act mde between said City and
i Contractors, February 18th,
10. That 20 per cent of the
hole assessment levied against
id owner and his property has
Ell paid in cash according to
", and in accordance with City
No.. adopted the
....dy of ...... 1915, by
llch ordinance special assess
mt and tax was levied against
within described real estate
utting said. sidewalks, curbing
portion thereof to be paved or
proved, which assessment ordi- I
nee has been recorded in Mort \
ge records, Book No. ......
yes. of the Parish of Ibo
, Louisiana. whereby the pay
mt of this Certificate and the
crest thereno is secured by
l and privilege and first mort
ye. except taxes, on the prop
of said owner, improved in
| City. to-wit: Lot No..
Block No.. -. fronting.
on. ..... ST eet in New Ibe.
La. Total assessment levied
INST said property is s. 49,.
per cent paid So. Balance -
hat in the event this Certificate y
the interest thereon, or any