New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-12-07

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The said Parish agrees TO EN-
pioy and does hereby employ sale
contractor to construct the Dip
| ping watts and furnish all mater
lals. and labor, necessary for sait
construction and further to EN-
ploy said Contractor to furnisr
necessary materials and labor fol
operating said dipping watts, anr
to furnish necessary labor. mater
ials and supplies, for maintaining
and constructing highways. road,
and bridges. and agrees, in consid
GRAFTON for said work, labor and
materials, to pay to said Contrac
tor the contract price Of $70,M0.0C
which is to be paid by the issu
ance and delivery to said Contrac.
tor of certain iberia Parish, Lou
isiana, Certificates of Payment
payable to said Contractor, OF
bearer. - ~" amount of $40. 10000
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-amually; said
Certificates Of Payment to be de-
livered to said Contractor as the
work progresses on estimates
furnished by said contractor and
a''"--s1 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
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 its 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.
!. Il. AILITT.
Member of Firm.
corporate Seal.)
Now, therefore, be it ordained
by the Police Jury Of the Parish
of Iberia. State of Louisiana:
/. 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-
cordihg to its tenor and rnrpors,
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
ism, Louisiana. that there be is
sued to said Contractor Certifi-
Gates of Payment in the sum OF
$70,OOO.O0, representing said con-
tract price.
3. Said issue of Certificates Of
PAYMENT shall consist Of Seventy
COY certificates of denominations
Of 100000 each. numbered con-
secutively from one (1) to seven
ty (7O),) inclusive, dated Novem-
Der Z, 1918. acgregatine 100000
and shall become due and ~'vable
as follows:
4. 100000 on November TIN
Of each Of the years 1919 to 1923.
both inclusive.
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