The weekly Iberian. (New Iberia, La.) 1894-1946, 1918-03-23

H'" 'ptaidi ba'' Ndith 10, 10
The State Bank of New Iberia
La, ls hereby authorized aud di
rected 10 pay over without reser
vation unto Mr.. william II. Car
yer of Crowley, La, the sum ol
Three Thousand Dollars $4,000 OO)
whenever within y period of
twelve months from this date a
rice mill will have been constructed
and Ia ready for operation on the
site tbis day bought by the said
w. IL. Carver from julius Scha,lf
The amount aforesaid is to be
paid unto w. IL Carver under the
conditions aforesaid in pursuance
OF an agreement heretofore en-
tered into bet ween the said w. II
Garter and fl s. SeaIy, Mayor, to
the effect that the said SeaIy
would make available a cash dona
ton Of three thousand dollars as
consideration for the said w. II
Carver, his associates or assigns
locating rice mill in the City of
New Iberia and constructing The
same ready for operation within n
period of twelve months from this
date. SAID mill to have capaci
ty of at least sixteen hundred bar.
rels per twenty four hours.
With these presents has been
deposited with the State National
Bank 10y the said II. s. Sealy.
Mayer, the sum of three thousand
dollars which Ia 10 DO used solely
for the purpose herein stated for
period OF twelve months from This
date.
Should the consideration for the
payment Of the said sum of three
thousand dollars unto w II Gar.
yer fail, then the said amount de
posted for the purpose herein
above stated shall be returned to
the said Sealy, Mayor.
Thus done, executed and signed
IN ttiplicate at New iberia. La on
the date heIelnabove stated. and
IN the presence OF G.. A. Sandoz
L. II. Burke, good and competent
witnesses.
II. S. SEALY, Mayor,
w II, OARV ER
Witnesses,
L. X. Burke,
G. A. Sanduz
The State National Bank Of
New IBERIA hereby acknowledges
having received from H. s. Sealy, =
Mayor, the sum of Three Thousand
Dollars $4,000 O0) to be held in
with the foregoing III
strument. II is understood. how.
ever, that the State National Bank
does not wish to act az arbiter be.
tween w. IL. Carver and II S.
Sealy, Mayor, should any differ.
ence arise between them regarding
he fulfiIlment Of the obligation TO
and have ready tor op.
sratiOD the rice mill referred to
within q period of twelve months,
md that therefore it in understood
hat should any disagreement arise
n this regard, then the said State
National Bank will retain the
uDds aforesaid, refusing to turn
,ver the same either unto w. IL.
carver or the said II s. Sealy,
Mayor, until the matter will have
,een judicially determined.
In the event of the death or
resignation of IL. s. Sealy. then
lis successor az Mayor of the City
If New Iberia shall be regarded as
hough having originally made the
deposit for the purpose aforesaid
md will supplant the said Sealy
q the premises.
And now the said William II.
jarver aud the said II. s. Sealy
aklDg cOgnizance of tho stipnla-
ions made by the said State Nat.
Sank, concur in and approve the
anne.
igned.
STATE NATL. BANK OF N. /
Ii. s. SEALY, Mayor. |
w. II. CARVER.
Pursuant to the above agree
rent, be it ordained by the Board
( Trustees of the City of New
IBERIA, on motion Of Mr.. Vlller.
lin seconded by Mr.. Guard, that
be action of Mayor Sealy in the
bove agreement be hereby rati
cd and endorsed
The following resolution was of
ared by Mr.. Girard seconded by
lr. Vlllermln and adopted unaDi-
lOusly:
Whereas the city of New iberia
, in need of funds to meet it's cur
ent obligations until such time as
be collections Of Taxes for the
ear 1918 Is made, Therefore, BE
resolved, That the Trustees OF
'ublic Safety Mayor be and be
hereby authorized and empow-
49, 4, L..