New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-05-01

| be and he IS hereby authorized t
: issue cert 'ticates of Indebtedness
covering he deferred payments OF
the ADORE assessments, due on ac
count OF the said sidewalks con
structed; such certificates to haV'
! annexed to them coupons for tn,
annual payments, together witt
the amount of interest due by th'
respective property owners; SAFE
interest being at the rate of SI>
lb) per cent per annually, datel
on The day this ordinance Is
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 further ordained,
etc, that the Certificates of In
dehtedness 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 be
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
stantially as follows, to-wit:
State of Louisiana. Parish Of
iberia, City of New Iberia
Improvement Certificate.
This certifes that the CITY Of
New iberia. La, will pay DeJer-
sey & Naff. Contractors, or bear
er, the sum of dollars, il
five equal annual installments,
evidenced by Coupons hereto at
tached, namely, One-fifth of sail
on 1855. 1916; one-ffth |
Of said amount on. 49,. 1917; one
fifth of said amount on -. 1918:
,ne-ffth of said amount on .....
1919; and One-ffth of said amount
IN .1920-and interest there
IN at the / ate of six per cent per
mum, payable annually upon the
of the annexed Cou-
oons 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
between said City and said De
ersey 4 Naff, for said purpose, un-
ess sooner paid by the property
wner hereinafter named. Cou-
ION No. ), when paid, is to be sur
endered with this certificate. 1t
5 hereby certified that the said
UNI is legally due and payable Oh
r before said time to said City
y the property owner in said
'ity, for sidewalk put down and
by said Contrac tors
nd accepted by the City of New
IBERIA in accordance with a con-
ract mde between said City and
al Contractors, February 18th,
915. That 20 per cent Of the
7hole assessment levied against
aid owner and his property has
cen paid in cash accor ding to
wv, and in accordance with City
ordinance No.. -. adopted the
-. .dy of ...... 1915, by
hich ordinance special assess-l
tent and tax was levied against
e within described real estate
butting said sidewalks, curbing
r portion thereof to be paved or
approved, which assessment ordi-
ance has been recorded in Mort
age records, Book No. -. -.
ages. -. of the Parish of Ibe-
a, Louisiana, whereby the pay
ent of this Certificate and the
terest thereno is secured by
an and privilege and first mort
age, except taxes, on the prop
y of said owner, improved in
id City, to-wit: Lot No..
Block No. fronting. Z
ct on. go. street in New he :
a. La. Total assessment levied d
.ainst said property is s.
per cent paid $...... Balance
That ia the event this Certificate
I'd the interest thereon, or any
Of a III mont cbolI NOT h. ,o.:1 Il