New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-10-30

meeting said certificates at ma
turity, and for no other purpose.
Sec. 6. Be it further ordained
etc. that the Certificates Of In
debtedness herein authorized an(
provided for shall have annexed
to them coupons representing thu
annual amount in principal anl
interest. due on said certificates
in the Usual form. and these cou
pons shall be redeemed and paid
on presentation to the Trustee oil
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 ii
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 Certifc ate.
This certifies that the City of
New Iberia, La, will pay De Jer-
sey & Natf. Contractors, or bear
err, the sum Of ........ Dollars,
in five equal annual installments,
evidenced by Coupons hereto at
tached. namely, one-fifth Of said
amount on 49,. 1916; one-ffth
of said amount on ..... 1917 ;
one-ffth Of said amount on. .....
1918; one-fifth Of said amount Oh
...... 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 sum is
fully paid out Of and from the
special assessment tax fund of
said City created by law and the
contract between said City and
said DeJersey & Naff, 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 5000. the prop
ertv owner in said City, for side
walk put down and completed by
said, Contractors and accepted by
the CITY of New Iberia in accord
ance with 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 i'll cash
according to, law, and in accord
ance with City Ordinance No..
adopted the $3.50. day of 49,.
1915, by which ordinance spe-
clal assessment and tax was levied
against the within described real
estate abutting said sidewalks,
curling or portion thereof to be
paved or improved, which assess
nent ordinance has been record
ed in Mortgage records, Book No.
80. 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
'aid owner, improved in said City, !
to-wit: Lot No. :. in Block
No.. fronting. 80. feet OH
-. Street in New Iberia. La.
Total assessment levied against
laid property is &c.,; 20 per
cent paid &c.; Balance S. -.
That in the event this Certifi
ate and the interest thereon, or
my installment. shall not be paid
It maturity the said City Of New
IBERIA, through it's proper officer,
will exercise all the power and
authority with which said munic-
pal corporation has been or may
'e hereafter invested by law to
ollect and pay over to the holder
lereof said sums, principal and
interest. free of charge.
Issred, signed, sealed and de.
ivered by me officially under the
direction Of the Board Of Trus
ooc 80 A. r:xr .e Nr.,- H.. |