New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-08-21

ments. bearing SIX per cent. TO-
Interest, per annum from date OF
acceptance Of said work; provid
ed, however. that any property
owner, desiring to pay the entire
assessment in cash, or any portion
thereof. before maturity, shall
have the privilege of so doing.
Sec. 3. Be it further ordained
etc, that in default of payment
on the part of the said property
owner. or owners Of the assess
ment herein levied against them
or any part thereof. the City At
torney shall Immediately proceed
by suit, in the name Of the Mu-
nicipality. to enforce payment in
the manner provided by Section
4 of Act lat Of the General AS
sembly of Louisiana for the year
1902. as amended by Act 40 of
1912.
Sec. 4. Be it ordained. ETC.,
that the Clerk Of the Board of
Trustees of the City of New Iberia
be and he is hereby directed to
cause the above assessment and
this ordinance to be recorded in
the mortgage records of the Re-
corder Of the Parish of Iberia.
Sec. 5. Be it further ordained,
etc, that the Mayor of this City,
be and he is hereby authorized to
issue certificates Of Indebtedness
covering the deferred payments
on the above assessments, due Oh
account Of the said sidewalks con-
structed; such certifc ates 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 six
CO. per cent per annum, dated
on the day this ordinance is adopt
ed and payment secured by spe-
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.
Sec. 6. Be it further ordained,
ETC.. that the Certificates of In
herein authorized and
provided for shall have annexed
to them coupons representing the
annual amount in principal and
interest. due on said certificates,
ii the usual form, and these cou-
Dona shall be remeemed and paid
IN presentation to the Trustee of
Finance of the City of New Ibe-
ia, La. on or after the date they
respectively become due, or be-
ore. at the option of the. owner
+ the property against which it,
vas issued. A- isi<lF@
The form of the Certificates of
Indebtedness herein authorized
nd provided for, shall be SUBJ
tantially, as follows, to-wit:
State Of Louisiana, Parish of
Iberia, City Of New Iberia. i
sidewalk Improvement Certific ate.
This certifies that the City of
Jew Iberia, La. will pay De Jer-
ey & Naff. Contractors, or bear ,
r, the sum of ....... Dollars,
q five equal annual installments,
videnced by Coupons hereto at
ached. namely, one-fifth of said I
mount on 49,. 1916; one-fifth
+ said amount on 49,. 1917
ne-fifth of said amount on.
918; one-fifth of said amount Oh {
80. 1913; and one-fifth of said
on. -. .1920-and inter- ,
st thereon at the rate of six per I
ent per annum, payable annual
upon the surrender Of the an :
exed Coupons until said sum is I
ully paid out Of and from the t
pecial assessment tax fund of
aid City created by law and the '
ontract between said City and I
aid DeJersey & Naff, for said t
unless sooner paid by ?
lie property owner hereinafter =
AIMED. Coupon No. 5, when paid. q
to be surrendered with this t
ertificate. 1t is hereby certified a
rat the said sum is legally due .
nd payable on or before said time c
said City by ..,..... the prop il
rtv owner in said City, for side =,
ak put down and completed by
I'D Contractors and accepted by e
lie City of New Iberia in accord i
ace with a contract made be- :,
veen said City and said Con- il
actors, Feb. II, 1915. That 20 IL
er cent Of the whole assessment, v
We'd against said owner and his I
has been paid in cash q
,cording to law, and in accord E
nee with City Ordinance No..
1opted the 500. day of '