New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1916-01-15
Ordinance No. l01.

Ordinance No. 101.
Whereas, the City Of New he
ria, Louisiana, has constructed
provided and undertaken munic-
ipal Improvements, Tor said City
and in connection Herewith has
/ incurred Indebtedness and has en-
tered into contract, for the same,
the aggregate Of which will be at
least the sum of Thirty Six Thou
sand Dollars 1886, 100000 and
which improvements have been
deemed and are now declared nee
essary and advisable for said City
by its Board Of Trustees: and
Whereas, the Board Of Trustees
has ascertained and determined
the amount Of the annual statu-
tory and ordinary charges of the
CITY which it will be necessary
for it hereafter to pay out of the
proceeds OF its revenues author
ICED by the Constitution and laws
II the State and the ordinances
Of this City; and has and does
now hereby ascertain, determine
and declare that after making pro-
vision for the payment Of all stat
utory and ordinary charges, and
after deducting the three (3) mill
school tax and all prior special
and specific appropriations and
dedications. there will remain out
of the ten (10) mill tax for the
current year, 1916, a residue of
not less than the sum of Fifty
Three Hundred Dollars ($5, 3OOO
which sum is sufficient to paw the
principal divided into ten (1O)
installments and the interest upon
Thirty Six Thousand Dollars
($36, OO0.0O) of bonds, being an
amount that can be provided for
out OF the levy and collection Of |
a two and one-half (21a) mill tax
and
Whereas, the budget of expend-
lures Of the said City for the
year 1916 was duly adopted at
the regular meeting of the Board
Of Trustees of the City of New
Iberia. December 9th, A. d. 1915.
md the surplus or residue of the
'en (1O) mill tax authorized to
'e levied and collected for the
year 1916 pursuant to Article 232
# the Constitution was then as
'ertained by this Board of Trus-
ees and was thereupon approp-
'lated n and by such budget for
he purpose Of paying the first in
tallment Of principal and inter-
st on Thirty Six Thousand Dol
ars ($36.O0O) of bonds then con-
emplated to be and now herein
provided to be issued. which sur
lus for the year 1916 was and is ,,
ow declared to be the sum of not
'ss than Fiftv Three Hundred
Dollars ($5, 300) which is and was =.
roperly available for dedication !,
nd appropriation for such lawful :
rrpose aforesaid:
Now therefore. be it ordained .
Y the Board Of Trustees of the
ltv of New iberia, La;
See. l. That there shall be ..
1nded into bonds the avails of :
ne residue Of the ten (10) mill :,
TX authorized by the Constitution
be levied and collected in the
ears 1916 to 1925. inclusive to
le extent necessary for the pay
ent of the principal and interest
Thirty Six Thousand Dollars. I
s26, o00 Of bon Is. such. esidue
BON the basis Of the estimate Of
'e residue for the current YEAR \
aving been found and being now
'tefmmed and declared Sufficient Il
= that rnrnose; that bonds Of \
e CITY Of New Iheria. Touis;ana +
the amount Of Thirty Six Thor- :
nd Dollars 1886 o00) he and are p
'rehv authorized 10 be issued \
at said bonds shall bear inter f,
t at the rate Of FIVE per centum n
per cent. per annum, payable l.