New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-11-30

bearing interest from date at the
! rate of five IS p. e. percent. per
annum, interest payable semi-an-
nually.
The, said Parish agrees to en-
ploy and does hereby employ said
contractor to construct the dip-
ping watts and furnish all mater
lals. and labor. necessary for said
construction and further to en-
ploy said Contractor to furnish
necessary materials and labor for
operating said dipping watts, and
to furnish necessary labor. mater
ials and supplies, for maintaining
and construc ting highways. roads
and bridges. and agrees, in consid-
GRAFTON for said work, labor and
materials, to pay to said Contrac-
tor the contract price of SIC, 10000
which is to be paid by the issn-
ance and delivery to said Contrac-
tor of certain iberia Parish. Lou
isiana. Certificates Of Payment
payable to said Contractor, or
bearer. = 40 amount Of $70.O0O.0C
maturing serially over a period
beginning one year from date and
up to and including 10 years from
date. bearing interest from date
Of issuance at the rate of five per
cent per annum; said interest be
ing payable semi-annually; said
Certificates of Payment to be de-
livered to said Contractor as the
work progresses on estimates
! furnished by said contractor and
a''"s7 by the Police Jury of said
Parish, covering the work which
| has been completed prior to date
said estimates are presented. Pay
ment in full may be withheld I'M
til work is completed and all ma
terials have been furnished in ac-
cordance with said contract
G..
The Contractor agrees to com
plete said work within 40 working
days after the execution Of this
| contract and the adoption of
proper ordinance by the Police
jury of said Parish authorizing
the issuance Of the Certificates of
Payment and providing for the
dedication of excess Of annual
revenues for the years 1919 to
1928, both inclusive.
In testimony whereof the Police
Jury Of the Parish of iberia, Lou
isiana. has caused it's corporate
seal to be hereto affixed and this
contract to be signed by the Pres
ident and Clerk of said Police
Jury. and the said Contractor has
hereto subscribed his name as OF
the dav and date first above writ
ten.
PARISH OF IBERIA, La,
Bv FRITZ DIETLETN,
vice-President of Police Jury.
PAUL BASSIN,
Clerk of Police Jury.
AUSTIN BOND CO.,
Contractor.
J. Il. AILITT.
Member of Firm.
Corporate Seal.)
Now, therefore, be it ordained
by the Police Jury of the Parish
of Iberia. State of Louisiana:
l., That said contract between
said Parish and said Contractor,
having been duly signed and ex.
ecuted by all parties thereto, at
tested by the Clerk of Police Jury,
and having this day been fully
read and understood, the same is
hereby ratified, confirmed and
adopted, as the act and contract
Of said iberia Parish, Louisiana,
and the same shall have effect ac-
cordinR to it's tenor and rnrport,
and shall lie entered upon the Min
.utes of this Police Jury, and
2. Be it ordained and ordered
by the Police Jury of iberia Par.
ish, Louisiana. that there be is
sued to said Contractor Certifi-
Gates of Payment in the sum Of
$70,OO0.OO, representing said con-
tract price.
3. Said issue of Certificates of
Payment shall consist of Seventy
COY certificates of denominations
of 81 10000 each, numbered con-
secutively from one a. to seven