New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-06-12

sec. y. bC II lul tlltt VI udidSN
ETC.. that the Mayor Of this City
be and he is hereby authorized tC
issue certificates of Indebtedness
covering the deferred payments
on the above assessments, due OF
account of the said sidewalks con
structed: such certificates to have
annexed to them coupons for the
annual payments together with
the amount of interest due by the
respective property owners; said
interest being at the rate of slx
Co. per cent per annum interest
payable annually, dated on the
day this ordinance is adopted
and payment secured by special
assessment herein levied, the funds
from which shall be availa BILE
solely for the purpose Of meeting
said certificates at maturity and
for no other purpose.
Sec. 6. 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, due on said certificates
IN the usual form and these GER
tificates coupons shall be re-
deemed and paid upon presenta-
ton to the Mayor of the City Of
New iberia, La, on or after the
date they respectively become due.
or before at the option Of the
owner of the property against
which it was issued.
The form of Certificates of In
de5tedness here authorized nand
provided for shall be substantial
ly, as follows. towit
State Of Louisiana, Parish Of IDe-
ria. City of New Iberia
Sidewalk Improvement Certificate
This certifies that the City Of
New Iberia, La, will pay DeJer4
sey & Naff, contractors, or bear
er. the sum of -Dollars, in
five equal installments evidenced
by coupons hereto attached, names
ly, on-fifth of said amount on
one-fifth of said amount
on -L-1917, one-fifth of said
amount on -1918, one-ffth c.
said amount on -1919; and one
fifth Of said amount on -1920.
and interest thereon at the rate
OF six per cent per annum payable
annually upon surrender of the
annexed coupons until said sum
is fully paid out Of the special as
sessment tax fund of said City
created by law and the contract
between said City and said de-
Jersey & Naff, for said purpose
unless sooner paid by the prop
erty owner hereinafter named,
Coupon No. 5. when paid is to be
surrendered with this certificate.
it is hereby certified that the said
sum is legally due and payable on
Or before said time to said City bv
The property owner in said City
for sidewalk put down and com-
'leted by said contractors and ac-
,epted by the City of New Iberia
N accordance with contract
made between said City and said
Contractors. February 18th l91..
That 20 per cent of the whole as
'essment levied against said OWL
r and his property has been paid
n cash according to law, and in
accordance with the City Ordi-
lance No. adopted the
lay of --1915, by which ordi-
lance special assessment and
ak was levied against the wit
n described real estate abutting
aid sidewalks, curbing or por-
ion thereof to be paved or i'm
roved, which assessment ordi- ]
ance has been recorded in Mort ]
age Records Book No.--
ages-of the Parish of Iberia,
whereby the payment
f this certificate and the inter ,
st thereon is secured by lien
nd privi1ono ap1 f;y.cf ,,oor4cono =