New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-08-26

Il of streets made against the propertie
q from which they are due, and all sue
! assessments collected from said proper
: ties, and all liens, privileges, etc, herei,
accorded to the City of New Iberia OF
said properties shall be and they ar,
hereby pledged for the payment i,
principal and interest of the paving GER
: tlticates issued in connection with suct
: paving and repair of streets; and all
such collection, as we'll as much
surplus from the proceeds of the
sale of paving certificates owe, and
above the amounts necessary to paw
and discharge the contracts for
paying of streets shall be and are hereby
dedicated as special fund, to be known
as the Paving Certificates REDEMPTION
Account for the payment of principal
and interest of the paving certificates
herein provided for In the event tina. At
the time Of the maturity Of the interest
coupons of any certificate or of the
principal of any certificates there shall
not be sufficient funds to the credit Of
SAID account to pay the said interest
! or said principal Of then and in that
event the same shall be paid out
OF the reserve fund of the CITY
Ut New Iberia and reimbursement made
to said fund when the assessments are
collected to the extent of the amount
that the said reserve fund has cont1i-
huted for the payAent aforesaid
Said paving certificates are hereby de-
clared to be the direct obligations OF the
City of New iberia The holders of said
certificates in the event of default in
thT payment of aither principal OF inter
est shall not be limited in their remedy
too the avails of the special assessments
levied as herein before provided, bat may
hold the reserve funds of the City of
New Iberia therein, and the paving ce--
tificates shall on their face so declare.
Nevertheless the proceeds of said. special
assessments shall be rigidly and exelu-
sively administered and applie1 to the
payment of said paving certificates, auu
to M other purpose whatsoever.
See 9. Be it further ordained. ETC.,
That (a) whenever the Trustee Of Public
Safety shall deem. it necessary to pave.
repaH4 or repair TIM whole or any part
'r pwtion Of any banquette or sidewalk
aot exceeding one; block l.. length. the
'aid Trustee shall. serve written notice
aPom the owners. OK upon the agents or
representatives Of the owners, of the
cal properties abutting upon said side
walk or banquettes, to pave, 1epaze OF
epair such sidewalk or banquette, within
% d1ys thereafter in accordance with
'lans and specifications to be fsrnished
y sid Trustee.
Should the owner Of such ahuttina
ropsrty have NO residence in the CiAv
New Iberia OF <nent Or representative
nowo to said Trustee, the notice: herein
bove referred to aAall be post.l in az
ooRt the premises. b be affscteh
IT,. during the afmesaid period Of de.
y, property owner shall fssl thak
here il NO proper reason or necessity
u tts Trustee Of Public Safety to, a.
cutes the power hnssin granted he sai.ll
ave- the right tn sppeal to the Buri
Trustees for rsa6sf, and pending ac-
ON 1t such appesl the time fm compli.
nee, with said onasr Of the Trustee Of
ublie Safety SHIN Be eorrespondinelv
rttn3ed.
a. Upon fail&s of said properfy~
"u1Es to comply With said notice Witt
said delay. thu Trustee al Publfe
afaty shall cause such sidewalk OF BAN
mite to be paved repaved or repaired
1nE contract solicited by him in wria-
g under sealed: proposals, f1om At lanst
re reputable contractors, and under
rh terms and stipulations a. NAV BE-
sseEibed by thu said Trustee and with
Il the necessity of public ADVERTISE
ent, and shall award the contract for
en- work to thu lowest bidder; or
ould the Trustee of Public Safety
EN- 1t more sxpedient, he shall have
u power and authority to purchase
material aud employ all labor nee
sary to the: execution of said work.
tc) Upon sempletion of said work
trustee Of Public Safety shall is
bill against each property owner
his portion of the cost of said work.
licn shall be due in cash within ten
" days after presentation of said
i. should any bill not be paid with
the said delay, the. amount thereof
all be paid by the Trustee of Finance.
the order of the Trustee of Public
fety out Of a fund which the Board
Trustees shall have set aside bv prev-
IS appropriation for that purpose, and
~~SNSS VI Elud0Ce snail add the
ount OF said bill, plus interest," at tho
e Of (S) five per cent. per annum. to
next tax bill of said delinquent prom
y owner. The amount so due tor
ncipal and interest shall constitute IN
u privilege superior to vendors lien
any other privileges or mortgage.
shall, be due by such property un-
paid, though he same Be transferred
conveyed by sale for taxes or other
'e; and it shall be sufficient evidence
such indebtedness to record = bill
refor in the office of the recorder Of
rteages fer the Parf-h Of Ib.-i.
han sixty days from the date of de-
1t OF payment. The amount Of sai3
and the interest thereon, when coli
led, shall be returned to- the fund
N which it was paid
a. Bills issued By the Trustee Of
DIG Safety and by the Trustee Of FL
zee, in accordance with the provisions.
this section, shall be prima facie evil
&c that all legal formalities have been
'phed witt and that the work ordered
ntA1 be-, Al