The weekly Iberian. (New Iberia, La.) 1894-1946, 1918-10-26
ORDINANCE.
ORDINANCE ADOPTED BY THE
MAYOR & BOARD OF TRUS.
TEES OF THE CITY OF
NEW IBERIA.

NEW IBERIA.
Whereas, on the sixth day ofSeptcm
Der, 1918, the Mayor and Board 0
Trustees Of the City of New Iberii
adopted an ordidance in the word
and language following, to wit:
Whereas, the Mayor and Board O
Trustees Of the City of New IBERIA, CI
the End day of February, Nineteer
Hundred and Eighteen, adopted al
ordinance under and by virtue o
which the City of New IBERIA, through
IL. ;. Sealy, Mayor, entered into two
certain contracts, one of which wa
with A. M. Lockett Il Company, Lin
tied, domiciled in the City of New Or
leans, said contract being specifically
declared to be a Louisiana contracr
under and by virtue of which the City
OF New Iberia purchased from A. Nj
Lockett x Company. Limited.
One 250-H. p. Twin Cylinder, -Four
Cycle Snow Crude Oil Engine, ar
ranged for direct connection to A { 6(
Cycle Generator with two piece crank
shalt and all necessary exhaust pipe
and fittings within and without the
building, together with necessary fuel
'"s>A a. aubi lAhlifS u pIBlhS Will
in the building.
Also q certain contract with the
General Electric Company of Science
tady, New York, under and by virtue
OF which the City of New Iberia pur-
chased from the said General Electric
Company:
One Type IRE 240 X Volt 1872 X
VS. p. f. 3 phase-60 ycle $500 Volt.
200 z nj Oil Engine, Type Alterna-
tor without Shaft or bearings. with
dsmpins winding Field rheostat and
foundation caps.
One Type, NJ LILO X w I25 Volt-S50
r p M BeIted Type EXETER, with base
pulley and field rheostat.
All according to specifications set
out In said contract executed between
the City of New Iberia, represented
by II. S. Sealy, Mayor, and A. NJ.
Lockett &c Company, Limited, and the
General Electric Company, under
date the Ind day of February, Nine
teen hundred and eighteen, to which
contracts are annexed the specilica-
tions in detail.
And whereas, under the terms of
said contract with A. NJ. Lockett &
Company, Limited, the price is fixed
at the sum OF Twenty eight thousand
six hundred and seventeen, (S2S, 6l7 .00)
Dollars, of which sixty per centum 1s
to be paid by a sight-dratt attached to
bill OF lading, twenty %percentum thir-
ty days from the bill of lading and
twenty percentum sixty days from the
bill of lading.
And whereas, under the terms of
the said contract with the General
Electric Company. the price is fixed
at the sum of Three Thousand Three
Hundred and Seventy-Five ($3 375 COZ
Dollars of which fifty percentum cash
is to be paid by sight-dratt attached to
the bill Of lading and forty percentum
in cash thirty days from the date of
the bill of lading, and ten per centum
in cash sixty days from the bill of la
ding. The purchase price of said ma
chinery under the said two contracts
aggregating the II of Thirty One
thousand Nine Hundred and Ninety
Two ($3l ,992. 00) Dollars.
And whereas, it is Of material and
urgent Importance to the City of New
Iberia to have entered into the CON
tracts for the purchase Of said Engine,
Electric Machinery and its appurte-
nances as recited above. not only to
make necessary improvements to the
electric plant belonging to the City of
New Iberia, and increasing the power
and efficiency thereof, and IN order to
decrease the expenses incident to the
operating of said plant, as will be CON
sumrlated by the operation of the Snow
Crude Oil Engine and the Electric
Machinery and appurtenances pro.
vided for in the contracts hereinabove
set forth.
And whereas, 1t is desirable that the
cost Of the purchase, erection and on
%struct1on of said engine, machinery
and it's appurtenances, should be paid
out Of the earnings OF the New Iberia
Electric Lighl Plant.
And whereas, 1t is necessary to make
provision for the payment of said
Crude Oil Engine, electric machinery
and its necessary appurtenances and
fixtures as ~hereinabove set forth, upon
terms extending beyond the period
set forth for the liquidation of the
purchase price set out In the contract
between the City of New Iberia and A.
M. Lockelt e Company, Limited, and
the General Electric Company, there
fore,
Be it ordained by the Mayor and
Board of Trustees of the City of New
Iberia,
First: That the said Mayor be and
he is hereby authorized to enter into
a contract with any person or persons,
banking institutions or corporations
to assume the payment OF the price of
Thirty One Thousand Nine Hundred
and Ninety-Two ($31 1872 00) Dollars,
and each additional costs or charges
as may be incident 10 the contracts en-
tered into between the City of New
Iberia and A. M. Lockett &c Company,
Limited, and the General Electric Com
pany for the consummation of these
present transactions; that he be and
he is hereby authorized and directed
to enter n t a contract with such per-
banking institutions or corpora
lions under and by virtue of which the
said persons, banking institutions or
corporations, shall undertake to ad-
vance the sum necessary for the pur-
pose of paying the obligations herein
above set forth as they become due to
A. NJ. Lockett & Company, Limited,
and the General Electric Company,
agreeing to be reimbursed for the
amounts SO advanced by either or all
of them on the basis of at least Five
Hundred $500 0) Dollars per month
with interest to be distributed pro-rata
among the holders of the obligations.
representing the amounts advanced