New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-11-16

~ thS ViIVC Jul VI Iuc dIlSl
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, ut
, tested by the Clerk of Police Jury
. and having this day been fully
read and understood, the same il
hereby ratified, confirmed ant
adopted, as the act and contract
Of said iberia Parish, Louisiana
and the same shall have effect &C.
cording to it's tenor and rurport
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
$1O,o00.OO, representing said con-
tract price.
3. Said issue of Certificates of
PAYMENT, shall consist of Seventy
(7O) certificates of denominations
Of 81 10000 each, numbered con-
secutively from one % to seven
ty 0O),) inclusive, dated Novem-
Der Z, 1918, aggregating $70,OOO.OO
and shall become due and -,ovable
as follows:
4. 100000 on November 7th
OF each Of the years 1919 to 1923.
both inclusive.
S. Said Certificates of Payment
shall be issued in substantially the
following form:
United States of America. State
of Louisiana, iberia Parish.
Certificate of Payment.
No.- 100000.
Know all men by these presents
That Iberia Parish, Louisiana, for
value received, is indebted to and
hereby promises to pay Austin
Bond Co., Contractor, or Bearer,
the sum Of One Thusand ISL ,OOO)
lawful money of the United States
of America, on the 7th day of Nov
ember. 1911, with interest there
on from the date hereof at the
rate of five percentum per annum,
payable semi-annutlly on the 7th
day of May and November in each
year, as evidenced by coupons at
tached hereto. Both principal
and interest hereof are payable at
The National City Bank. of New
Y ork, N. Y. and the said Parish
IS hereby held and firmly bound,
and it's full faith, credit and rev.
'nue are hereby irrevocably
pledged for the payment of the
principal and interest hereof at
Is
This certificate is one of series :
# 20 Certificates, numbered from .
to 70, inclusive, of like date, r
enor and effect, except as to time :
f payment, aggregating $780, ,
0O.OO, issued by said Parish to : J.
aid Austin Bond Co., Contractor, +
0 evidence the amount of money !,
0 which said Contractr is entitled !.
Or work done and materials fur -
ished at the prices fixed by the =
ontract for the construction of :,
ipping vats, and for labor, MATER !.
lis and supplies necessary for -,
maintaining and constructig high "
avs, roads and bridges, in and =,
'r said Parish, under authority -
{ Act No. 80, of the Acts Of Lou d
lana. 1902, as amended, and an n
rdinance duly and regularly =
assed and adopted by the Police
nry of said Parish on the 7th
~ of November, 1918.
1t is hereby certified, recited r.
I'd declared that in and by the "
'ntract for the construction Of 49,
i'd dipping watts and furnishing w.
and for labor and ma -,
rails and supplies necessary for No
aintaining and constructing r.,
ghways, roads and bridges, "
ere was dedicated in part the :
cess Of annual revenues Of sub oe
quent years above statutory, y.
cessary and usual charges for =. :.
e payment Of the cost of said =
lblic Improvements that the
lount Of future revenues dedi-
ted by said contract, with other
Tor dedications in force, do not
ceed the estimated excess Of