New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-08-24

denomination OF Five Hundred Dollars
| each and one certificate of the denomina-
of One Hundred Ten and 96-1OO Dollars,
numbered consecutively fhom One to
Twenty inclusive, dated September 18th,
| 1918, due and payable One Thousand
Dollars September 18th, 1919 and One
Thousand Dollars each year thereafter
to and including September 18th, 1926
and One Thousand Six Hundred Ten and
| 96-100 Dollars September 18th Mine
| teen Twenty Severn bearing interest at
the rate of Five per cent. per annum
payable semi-annually on the 18th of
September and March of each year. The
| several installment of interest to be
evidenced by coupons attached to such
| certificates both principal and interests
payable at the Hanover Bank in the City
of New York, State of New York.
Said certificates shall be executed and
signed by the President and Clerk Of the
Police Jury and the interest coupons
evidencing the interest thereon shall
bear the signature of said President and
Clerk. The President and Clerk of the
Police Jury are hereby authorized and
directed 70 execute and SIGN said certif-
icates of indebtedness and when exc
cuted TO deliver same to w. L. Slavton
& Co, Toledo, Ohio. its representatives
or transferee.
Be it further resolved that said certif-
icates of indebtedness shall be sub
stantially in the following form, except
as to necessary variations to indicate the
different numbers and maturities to-
wit:
United States of America. State of Lou
isiana, Parish of Iberia.
Certificates of Indebtedness.
No. Dollars
Know All Men By These Present
That Iberia Parish, Louisiana, for value
received is indebted to and hereby prom
Uses to pay to bearer, Five Hundred Dol
lars, lawful money of the United States
of America on the 18th day of September
1919 with interest thereon at the rate
of { p. c.) Five Per Cent. per annum,
payable semi-annually on the 18th day
of March and September in each year
on presentation and surrender of the an
nexed coupons bearing the signature of
the President and Clerk of the Police
Jury of said Parish as they severally be-
come due. Both principal and interest
of this certificate are payable at the
Hanover Bank in the City of New York,
State of New York, and the said Par
ish is hereby held and firmly bound, and
its faith, credit, revenues and property
are hereby pledged for the payment of
principal and interest hereof at maturity.
This certificate is one Of series Of
Twenty certificates of like date, tenor
and effect. except as to denominations
and maturities issued by the governing
authorities of said Parish to w. L.
Slayton & Co. under authority of Act
ut of 1916, and an ordinance duly and
regularly adopted and passed by the Po-
lice Jury of said Parish on the LIST day
Of August 1915 for the Purppse OF
evidencing an Indebtedness of said Par
ish due to J. N. Thompson ct ais.
And it is hereby certified. recited and
declared that the indebtedness evidenced
by said certificate was lawful incurred
prior to May 1st, 1916 that same has
been liquidated and reduced to judgment
in . Court of competent jurisdiction;
that there has been dedicated, approp-
rated and pledged and set asid = sufii-
cient amount Of the general revenue tau
,f said Parish for the payment Of primo
ipal and interest of said certificate; that
Ill acts, conditions and things required
10 be done precedent to and in the ia
Iuance of said certificates of indebted
ness have been properly done, have hap.
pened and have been performed in reg
alaY and due form - required by law.
md that said indebtedness does not ex-
ICED any statutory or constitutional linn
tation.
In testimony whereof, We the under
,igned President and Clerk of the Po-
ice Jury Of the Parish Of Iberia, Los
siana, being duly authorized to execute
his Obligation in behalf Of the said Par
sh, executed this Obligation in behalf
# the said Psrsih, executed and signed
his certificate - of the 18th Of Septem-
,s1, 1918.
...'......'.. 1IesiovH~
................. Nle1k
No. /. Interest Coupon $1z.50.
On the 18th day Of March, 1919, Ibe-
10 Parish, Louisiana, will pay the bear
II Twelve Dollars and Fifty Cents, law
al money Of the United States Of Amer
ca, At the Hanover Bank in the City
f New York, State Of New York. being
IL IuteISUb toSA Vue Vu Itv WI
ificate Of Indebtedness dated September
.5th, 1918. Mo-
xIeUI0SuG
Clerk.
That for the purpose Of paying said
ertifcatss, both principal and interest,
here 10 hereby dedicated, set aside and
pledged two mills Of the general rev.
nues tax for period Of nine years.
The funds derived from such taxes shall
'e entirely separate from other funds
# the Parish and the entire proceeds Of
uch tax 90 pledged or 80 much thereof
. may be necessary shall be devoted 20
he payment Of the principal and inter
st Of said certificates and shall not be
rawn upon to the prejudice Of said GER
ificates and interests accrued thereon.
Passed and adopted by the Police Jury
n the 1st day of August, 1913.