New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-09-09

v and collectable as provided by law.
II All assessments of paving and repair
| of streets made against the properties
! from which they are due, and all such
} assessments collected from said proper
: ties, and all liens, privileges, etc, herein
accorded to the City of New iberia on
: said properties shall be and they are
hereby pledged for the payment in
principal and interest Of the paving GER
| .'ificates issued in connection with SUCH
paving and repair of streets; and all
such collection, as we'll as much
surplus from the proceeds of the
sale of paving certificates over and
above the amounts necessary to pay
and discharge the contracts for
paying of streets shall be and are hereby
dedicated as a 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 that 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 tie credit of
said account to pay the sand interest
or said principal of, then and in that
event the, same shall be pad out
Of the reserve fund of tts City
of New Ibsya and reimbursement made
to said fund when the assessments are
collected to The extent of the amount
that the said reserve fund has C,atri-
buted for the payment aforesaid.
Said paving certificates are hereby de-
clared to be the direct obligations of the
City of New iberia. The holders Of sid
certificates in the event of default in
the payment of either principal or inter-
est shall not be limited in their remedy
to the avails of the special assessments -
hold the reserve funds of the City of
New Iberia, therefor, and the paving CO.
tificates shall on their face so declare.
Nevertheless the proceeds of said special
assessments shall be rigidly and exelu-
sively administered and applet to the
payment of said paving certificates, ana
to no other purpose whatsoever.
Sec. g. Be it further ordained, etc,
That (a) whenever the Trustee of Public
Safety shall deem it necessary to pave,
repave or repair the whole or any part
d portion of any banquette or sidewalk
not exceeding one block il, length, the
said Trustee shall serve written notice
upon the owners, or upon, the agents or
representatives Of the ownars, Of the
cal properties abutting upon said side
walk or banquette, to pave, repave OF
epair such sidewalk OF banquette, within
70 days thereafter in. accordance with
'lans and specifications to be- furnished
" said Trustee.
Should the owner Of such abutting
property have no residence in, the City
f New Iberia or agent or representative
'nown to said Trustee, the notice herein
Dove referred to shall be posted in OK
bout the premises to be affected.
If, during the Aforesaid period of de-
~, . property owner shall feel that
here 10 no proper reason, or necessity
or the Trustee Of Public Safety to ex-
cute the power herein granted he shall
ave the right to appeal to- the Board
+ Trustees for relief, and pending &C.
ion Of such appeal the time for compli-
nee with said order Of the Trustee Of
'ublie Safety shall be cozrespondingly
xtended.
d. Upon failure of said property
wners to comply with said notice with 4
! said delay. the Trustee of Public
afety shall cause such sidewalk or BAN
uette to be paved, repaved. or repaired
nder contract solicited by him in writ
g, under sealed proposals, from, 1t least
aree reputable contractors, and under
lch terms and stipulations a. may be
rescribed by the said Trustee and with
ut the necessity of public advertise
lent, and shall award the contract for
lch work to the lowest bidder; OK
Mould the Trustee of Public Safety
eem it more expedient, he shall have
Ill power and authority to purchase
i material and employ all labor nee
'sary to the execution of said work.
(c) Upon completion of said work
lie Trustee of Public Safety shall is
lie bill against each property owner
Y his portion of the cost of said work.
hich shall be due in cash within ten
lO) days after presentation of said
IL. 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
afety out of fund which the Board
Trustees shall have set aside bv prev
US appropriation for that purpose, and
e Trustee of Finance shall add the
mount of said bill, plus interest at the
te of (5) five per cent per annum, to
e next tax bill of said delinquent prop
ty owner The amount so due for
incipal and interest shall constitute GO
st privilege Superior to vendors lien M
ID any other privileges or mortgage, =
ID shall, be due by such property un-
paid, though the same be transferred
conveyed by sale fer taxes or other
se; and it shall be sufficient evidence
such Indebtedness to record bill
erefor in the office of the recorder of
'rtgages for the Parish of Ibeia
thin sixty days from the date of de-
ult of payment The amount of said
i and the interest thereon, when col
tied, shall be returned to the fund
I'M which it was paid
I'D Bills issued by the Trustee of
bile Safety and nv The Trustee ~ F..