St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-06-24
AN ORDINANCE
Ordinance No. 2 Of 1916

engin, parts and appurtenanees for
the Municipal Electric Light and
Power Plant, to authorize the issu-
ance of a certificate of Indebtness
to represent the purchase price and
to designate and dedicate funds for
the payment of the said Certificate.
Whereas, the Mayor and Board of
Aldermen, after duly receiving and
considering bids have purchase for
the City's Electric Light and Power
Plant a new Metz and Weiss oil
engine of $50 horse power, vertical
three cylinder type, with air COM
pressor, air starter and other parts
and appurtenances. for an aggre-
gate price of S6250.00 payable on
favorable terms of credit and it is
necessary to issue a certificate of
indebtness to represent the said
purchase price, to fix the terms Of
payment thereof and to designate
and dedicate the funds out of which
the same shall be paid.
Now Therefore, Be ordained by the
Mayor and Board of Aldermen of
the City of Opelousas, in regular
session convened:
Section One: That the purchase
heretofore made by this Body of
one new Metz and Weiss oil engine
of $50 horse power vertical three
cylinder type with air compressor,
air starter and other parts and ap-
purtenances as per specifications on
file for use in the Municipal Ele-
ctric Light and Power Plant, at an
aggregated price of s6250.00 payable
on the terms hereinafter set forth
in this ordance, from August Metz
or his successor, be and is hereby
ratified and confirmed.
Section Two: That the debt of
S6250.00 be and the same is hereby
incurred by said City for the pur-
chase aforesaid, said ~indebtness to
be payable on the terms and condi-
tons hereinafter stated, and to be
represented by a Certificate of In
debtness drawn substantially in the
form following to wit:
UNITED STATES OF AMERICA,
| STATE OF LOUISIANA,
| PARISH OF ST. LANDRY,
CITY OF O~PELOUSAS.
CERTIFICATE OF INDEBTNEsS
OF THE CITY OF OpELOUsAS,
PARISH OF ST. LANDRY, LOUI-
| SIANA.
Known all men by these presents;
That the Mayor and Board of Alder
men of the City of Opelousas, State
of Louisiana, acknowledge said City
to be indebted and hereby promises
to pay to Bearer the sum OF Six
Thousand, Two Hundred and Fifty
Dollars{S6250.00), payable in Twenty
Five(25) monthly installments OF
$4,000 each, on the twentieth 200
day of each successive month, COM
mencing on the goth. day of July
1916 and ending on the twentieth
day of July 1918, both inclusive
together with the interest thereon
from June goth. 1915 until paid al
at the rate Of Five (5) per cent
from date until paid, interest to bt
paid at the maturity of each month
ly installment hereof on portion O
the debt then matured and there
after run only on the unpaid bal
ance.
Both principal and interest OF
this certificate r due and payable
in the City of O%pelousas, La, at thu
office of the Mayor and Board o:
Aldermen thereof
This Certificate issued TO repre-.
sent the purchase price Of one new
Metz and Weiss oil engine of ID
horse power, vertical three cylin.
der type with air compressor, al
starter and other parts and appur,
%tenanees, as per specifications OF
file in said Office, for use and to b,
installed in the electric light AM
power plant in said city, and is Sc
cured by vendors lien and priv
lege on said engine, parts and ap.
purtenances, and pledge of the rev
enues of the said electric light an,
power plant to an amount sufffcien
to meet the payments herein pro
vided for as they mature until tn
full and final payment and surren
der Of this certificate.
It is hereby recited and certifie,
that this certificate is issued il
full conformity to the provisions o
the Constitution and Statutes of tn
State of Louisiana in such case
made and provided and that al
acts, conditions and things require,
by said Constitution and Statute
as precedent to and necessary il
issuing this Certificate has beel
regularly done and performed.
In testimony whereof, the sal
Mayor and Board of Aldermen 0
the City of O~pelousas, State Of Lou
isiana, have caused this Certifcat
to be signed by the Mayor and Clerl
of said CITY and ifs Seal To he here