St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-06-17
AN ORDINANCE
Ordinance NO. 2 of 1916

~ EdIl1y tlt VI oil vi
engin, parts and appurtenances fol
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 0pelousas, in regular
session convened:
Section One: That the purchase
heretofore made by this Body Of
one new Meitz 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 ordanee, from August Metz
or his successor, be and is hereby
ratified and confirmed.
Section Two: That the debt of
s6250.0o 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 OPELOUSAs.
CERTIFICATE OF NDEBTNEsS
OF THE CITY OF OPEL0UsAs,
PARISH OF ST. LANDRY, LoUI-
SIANA.
Known all men by these presents:
That the Mayor and Board Of Alder
men of the City Of 0pelousas. State
of Louisiana, acknowledge said City
10 be indebted and hereby promises
to pay TO Bearer the sum of Six
Thousand. Two Hundred and Fifty
Dollars s6250.00. payable in Twenty
Fiyef 25} monthly instailments Of
s250.00 each, on the twentieth (20l
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. 1916 until paid at
at the rate Of Five (51 per cent
from date until paid, interest TO be
paid at the maturity of each month
~ installment hereof on portion of
the debt then matured and there
after run only on the unpaid bal
ance.
Both principal and interest of
This certificate III due and payable
in the City Of Opelousas. La. at the
Office of the Mayor and Board of
Aldermen thereof
This Certificate issued to repre-
sent the purchase price Of one new
Metz and Weiss oil engine of $50
horse power. vertical three cylin-
der type with air compressor, air
starter and other parts and appur-
tenances, as per specifications on
file in said Office, for use and to be
installed in the electric light and
power plant in said city, and is se-
cured by vendors lien and priv
lege on said engine, parts and APP
purtenanees, and pledge of the rev.
enues of the said electric light and
power plant to an amount sufficient
to meet the payments herein pro-
vided for as they mature until the
full and final payment and surren-|
der of this certificate.
1t is hereby recited and certified
that this certificate is issued in
full conformity to the provisions Of
the Constitution and Statutes Of the
State Of Louisiana in such cases
made and provided and that all
acts, conditions and things required
by said Constitution and Statutes
as precedent to and necessary in
issuing this Certificate has been