The weekly Iberian. (New Iberia, La.) 1894-1946, 1918-08-17

the CITY Of New Iberia, through II. s.
Sealy, Mayor, entered into two certain
i contracts. one of which was with A.
M. Lockett < Company, Limited, do
miciled in the City Of New Orleans,
said contract being specifically de-
clared TO be u Louisiana contract un-
der and by virtue Of which the City OF
New Iberia purchased from A. NJ.
Lockett e Company. Limited:
One 25O.H. p. Twin Cylinder. Four
Cycle Snow Crude Oil Engine, ar.
ranged for direct connection to G
go Cycle Generator with two pieces
Crank Shaft and all necessary ex-
haust pipe and fittings within and
without the building. together with
necessary fuel, water and 1ubrica,ing
oil piping within the building.
Also a certain contract with the
General Electric Company OF Schen-
ectady, New York. under and by vir-
tue of which the City of New Iberia
purchased from the said General EIec-
tric Company:
One.Type IRE 24O X Volt 1872 X w.
P. +. 3 phase 80 Cycle 2300 Volt 200
X P M Oil Engine, Type alternater
without Shaft or bearings. with damp.
ing winding Field rheostat and foun-
dation caps.
One-Type. M LILO X w 125 Volt $50
X p NJ Belted Type Exciter, with base
pully and field rheostat.
All according to the specifications
set out in said contract executed be-
tween the City of New Iberia, repre-
sented by H. $. Sealy. Mayor. and A.
M. Lockett &c Company, Limited, and
the General Electric Company. under
date the 2nd day of February, Nine
teen hundred and eighteen, to which
contracts are annexed the specifica-
tions in detail.
And whereas, under the terms of
said contract with A. M. Lockett K
Company, Limited, the price is fixed
at the sum eff twenty eight thousand
1 six hundred and seventeen. Us, 8,6l7 O0l
! Dollars, Of which sixty percentam is
to be paid by sight-draft attached to
| bill of lading, twenty rercentum thir-
| ty days from the bill of lading and
twenty percentum sixty days from the
bill of lajing.
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 $4,000
Dollars of which fifty percentum cash
lie to be paid by sight-draft attached
| to the bill of lading and forty percen-
| tum is cash thirty days from the date
of the bill of lading, and ten percent
um is cash sixty days from the bill Of
lading. The purchase price of said
| machinery under the said two con-
tracts aggregxting the sum of Thirty
\ One thousand Nine hundred and
i Ninety Two 1881 $4,000 Dollars.
I 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-
A nances as recited above, not only to
make necessary improvements to the
electric plant belonging to thu City Of
New Iberia, and increasing the power
and efficiency thereof, and In order to
decrease the expenses incident to tho
operating of said plant, as will be con.
su mated BY the operation Of che Snow
Crude Oil Engine and the Electric
Machinery and appurtenance provided
for in the contracts hereinabove set
forth.
And whereas, IL ID desirable that the
cost OF the purchase, erection and
construction Of said engine. machine
ry and its appurtenances; should be
paid out Of the earnings Of the New
iberia Electric Light Plant.
And whereas, il Is necessary to
make provisions for the payment OF
said Crude Oil Engine. electric ma
1 -.
nancee and fixtures as hereinabove set
forth. upon terms extending beyond
the period set forth fpr the Liquidation
OF the purchase price set out IN the
contract between the City of New lbe
ria and A. NJ. Lockett & Company,
Limited aud the General Electric
Company. therefore,
Be 1t ordained by the Mayor and
Board Of Trustees Of the City OF New
iberia,
First: That the said Mayor be and
he 10 hereby authorised to enter into
contract with any person or persons.
banking institutions or corporation to
assume the payment Of the price OF
Thirty one thousand nine hundred
and ninety two 1881 ,992, O0) Dollars,
and such additional costs or charges
ae may be incident to the contracts
entered into between the City OF New
Iberia and A. M. Lockett & Company,
Limited, and the General Electric
Com pany for the consumati0n of
these present transactions; that he he
1 and he 10 hereby authorized and ~
/ rected to enter into q contract vje4
such persons, banking institutioae o.
corporations under and BY virtue u
which the said persons, banking in
situations or corporations, shall undei- :
take to advance the funds necessary
for the purpose Of paying the obiiEa-
tious hereinabove set forth % they b..
come due to A. M. Lockets & COmpa-
| nv, Limited, and the General Electric
Company, agreeing 10 be reimbursed
for the amounts 30 advanced By either
or ali Of them on the basis Of at least
Five hundred (45O0.O0) Dollars per
month, to be distributed pro-rata
amouR the holders Of the obligations,
representing the amounts advanced
| by either or ali Of said persons, bank
| ing institutions or corporations, or
| making the distribution on the basis
of Five bundred, t50000) Dollars be-
tween said psrsons, parties Of corpora-