New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-05-15

frontage l2l.OO, cost $llo.o9; Mis-:
Harriet S. Weeks, part lot 20
block 365, frontage 5000, cos
$57 %; Luke Celeste lot 20, BLOCK
365, frontage $3.50, cost $5S.49
Jules DreytGs Co. lot 20, DlocB
365, frontage $500, cost $o4.31
/ Sec. 2. Be it further ordained
etc, that twenty (2O) per cent
OF the amount herein ABOVE as
sessed against each piece OF prop
erty ana owner, as above set
forth, shall be paid III cash,
within ten days from the daIe
this ordinance is adopted, and
the balance due shall be paid in
five equal annual instalIments,
! bearing interest at the rate OF
SIN co. per cent per annum, from
the date Of acceptance OF said
work provided however that any
property owner, desiring to pay
the entire assessment in cash or
any portion thereof, before ma
turity, shall have the privilege Of
so doing.
Sec. ). Be it further ordained,
ETC., that in default of payment,
OH the part Of said property own
er or owners Of the assessment
herein levied against them or any
part thereof, the City Attorney
shall Immediately proceed by
suit, in the name of this Munic-
ipality, to enforce payment in
the manner provided by section
four (4) Of Act AT of the Gene
raj Assembly 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, be and he is
hereby directed, to cause the
above assessment and this ordi-
nance to be recorder in the mort !
2 age records, Of the Recorder 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 on
account of the said sidewalks
constructed; such certificates to
nave annexed to them coupons for
The annual payments together
with the amount of interest due
~ the respective property own.
,rs; said interest being at the
'ate of six (6) per cent per an
lum,. interest payable annually!
lated on the day this ordinance
s adopted, and payment secured
~ special assessment herein lev
ed, the funds from which shall
re available solely for the pur-
'ose Of meeting said certificates I
t maturity, and for no other pur- t
'ose. I
Sec. 6. Be it further ordained, I
to-, that the certificates of in ]
ebtedness herein authorized and I
rovided for, shall have annexed 1
D them, coupons representing the a
nnual amount in principal and c
lterest, due on said certificates
l the usual form, and these cou- h
ons shall be redeemed, and paid S
pom presentation to the Mayor e
{ the City of New iberia, La, on J
after the date they respective G
: become due, or before, at the
1option of the owner of the prop
'ty against which it was issued. B
The form of the certificates of
here authorized and
'ovided for shall be substantial
i, as follows to-wit:
State Of Louisiana, Parish Of 10
'eria, City of New Iberia. Il
dewalk Improvement Certificate. t.
This certifies that the City of as
ew Iberia, La, will pay De.Jer- m
y 4 Naff, Contrac tors, or bear III
, the sum of Dollars, in sv
e equal annual installments, Ia
idenced by Coupons hereto at %
ched, namely, one-ffth Of said br
Mount on ... 1916; one-iifth or
said amount on :. 1911; one q,
tn of said amount on 1913; &c
e-ffth Of said amount OH -. bo
16; and one-ffth of said amount
=. ;. .1920-and interest there u,
at the rate of six per cent pc" fo
nun. payable annually upon the or
rrender Of the annexed Cou GU
rs until said sum is fully paid
t of and from the special as "a
'sment tax fund Of said City no
lated by law and tha contract 81,
I Il