New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-07-17

~ SUIT III tt' i'iht VI RIG VI
nlcipaIity, to enforce payment III
the manner provided 10y Section
1 of Act IA of the General As
scmbly Of Louisiana for the year
1902. as amended by Vet - Of
1912. ,
See. ). BE it further ordained,
etc, that the Mayor Of this city,
be and he is here y a thorihcd to
issue certificates Of inJcotednt 81,
covering the deferred payments
on the above assessments, due on
account Of tine said sidewalks con
structcd; such certificates to have
annexed to them coupons for the
annual payments, together with
the amount of interest due by the
respective property owners; sand
interest being at the rate of SIX
co. per cent per annlm, dated
on the day this ordinance is adopt
ed and payment see red by Spe-
cial asst SSment 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. Is. BE it further ordained,
rtc., 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 remcemed and paid
on presentation to the Trustee Of
Finance Of the City Of New he
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 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 certifies that the City of
New Iberia, La, will pay De .Jer-
sey 4 Natf. Contractors, or bear
er, the sum Of ...... Dollars,
III five equal annual installments,
evidenced by Coupons hereto at
tached. namely, one-lifth Of said
amount on .,...19l6; one-tifth
OF SAID amount on ... 1917,
one-ifth of said amount on. .....
1918; one-hfth Of said amount on
...... 1919; and one~fifth 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 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 & Naf, 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 Contrac tors 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 in cash
according to law, and in accord
ance with City Ordinance No.
adopted the .... day Of .....
1918, by which ordinance a spe-
clal 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 assess
ment ordinance has been record
ed in Mortgage records, Book No.
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. ..... in Block
No.. 80. fronting. .... feet OH
-. Street in New Iberia. La.
Total assessment levied against
said property is $.....; 20 per
cent paid $...... Balance s. 80.
That in the event this Certif-
cate and the interest thereon, or
II