New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-07-31


be and he is heleov directed 10
cause the above assessment and
this ordinance to 0e recorded IN
the mortgage records of the Re
corder of the Parish of l,eria.
Sec. .. Be 1t further ordained,
etc. that the Mayor of this City,
be and be Is here y a thorlJed 10
issue certificates OF iniruIeull-s IS
covering the deferred payments
on the above assessments. que ca
account Of the SAID sidewalks con-
structed: such certificates to haNo
annexed to them coupons for the
annual payments, together VITA
the amount of interest due by the
respective property owners; sand
interest beng al the rate Of SIX
.(b) per cent per annum, dated
on the day this ordinance is adopt
ed and payment sec red 10y Spt-
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.
See g. 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. di e on SAID certificates,
IN the Usual form. and these cot
pons shall be remeemed and paid
on presentation to the Trustee OF
Finance OF the City of New be
ria, La, Oil or after the date they
respective ely 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
debtedness herein authorized
and provided for. shall be sub
stantially, as follows. to-wit:
State of Louisiana. Parish of
AOCAAd, wy VI new Iberia.
Improvement Certifc ate.
This certlties that the City OF
New Iberia, La. will pay De Jer-
sey Il Natf. Contractors. or bear
er, the sum Of ,....,,. Dollars,
in five equal annual installments,
evidenced by Coupons hereto at
tached. namely, one-ifth of said
on .... 1916; one-hfth
OF said amount on ..... 1917;
One-ffth of said amount on. 49,.
1918; one-tifth Of said amount OH
80. 1913: and one-tifth of said
on. -. .l92O-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 SIN 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 4 Naff, for said
purpose, unless sooner paid by
The property owner hereinafter
named. Coupon No. 5, when paid,
s to be surrendered with this
Certificate. 1t is hereby certified
hat the said sum is legally lie
md payable on or before said time
o said City by ....... the prop
'rtv owner in said City, for side
walk put down and completed by
aid COntrac tors and accepted by
he City Of New iberia in accord.
nee with contract made be-
ween said City and said Con-
FACTORS. Feb. II, 1915. That 20
er cent of the whole assessment
evied against said owner and his
property has been paid in cash
ccording to law, and in accord
nee with City Ordinance No.
dopted the ..... day of 80.
9l5, by which ordinance a spe- :.
lal assessment and tax vas levied
gainst the within described rea.
state abutting said sidewalks,
urb,np or portion thereof to be
aved or improved, Witch assess
tent. ordinance has been record
q IN Mortgage records. Book No.
49,. pages. 80. of the Parish of
oeria, La, whereby the payment
this Certificate and the inter-
It thereon is secured by lien
nd privilege and first mortgage
kept taxes, one the property Of
nd owner, improved in said City,
'-wit: Lot No. in Block
o....... fronting. ..... feet on
80. Street in New Iberia. La.
otal assessment levied against
i'd property is $....; 20 per
mt paid $. Balance s.
That in the event this Certif-
tie and the interest thereon, or
~ installment, shall not be paid
maturity the said City of New