St. Landry clarion. (Opelousas, La.) 1890-1921, 1916-07-01
AN ORDINANCE
Ordinance No. 2 of 1916

to represent the purchase price D
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 $6250.00 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 Meitz and Weiss oil engine
of $50 horse power vertical three
cylinder type with air compressor,
! air starter and other parts and ap-
purtenanees 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.O0 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 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(251 monthly installments of
$4,000 each, on the twentieth (20)
day of each successive month, COM
mencing on the 2eth. 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 ~ per cent
from date until paid, interest to be
paid at the maturity of each month
ly installment hereof on portion of
the debt then matured and there
after run only on the unpaid ball
anee.
Both principal and interest of
this certificate are 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 Cyffin-
der type with air compressor, air
starter and other parts and appur-
tenanees, 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 Sc
cured by vendors lien and privi-
lege on said engine, parts and APP
purtenances, and pledge of the rev.
enues Of the said electric light ane
power plant to an amount sufficient
to meet the payments berein pro-
vided for as they mature until thu
full and final payment and surren-
der of this certificate.
Tt is hereby recited and certified
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 Statutes
as precedent to and necessary il
issuing this Certificate has beer
regularly done and performed.
In testimony whereof, the sait
Mayor and Board of Aldermen 0.
the City of Opelousas, State of Lou
isiana, have caused this Certificate
to be signed by the Mayor and Clerl
of said City and its Seal to be here
to affixed on this Goth day Of June
A. D., 1916.
E. L. LOEB, Mayor.
H. u. CALLAHAN. Clerk.