The weekly Iberian. (New Iberia, La.) 1894-1946, 1919-12-13

ton for the purchase of approx
mately s1GO, 900 Of Paving Oertifi-
Gates Of your City, to be issued in
accordance with the law governing
the sale of such securities, to bear
interest at the rate Of 5 per cent
per annum, interest payable semi
annually, to be dated In accordance
with the law, to mature in from
one to eleven years, and Ia the de
nomination of $500 90 or $1,000 90
each both principal and interest
payable at some bank IN New
York City, and to be issued under
the direction of our attorneys.
For the above described securi.
ties we will pay you ninety five
cents on the dollar and accrued IN.
terest. In addition to this offer
we will agree to furnish all legal
proceedings and the opinion Of .
bond attorney, and will also fur
nish blank bonds ready for sigma
ture. Prior to the delivery of the
certificates to Us we are to be fur
nished with full and complete
certified transcript of the record OF
proceedings leading up to and cul.
minsting in the issuance and deli
very of the certificates to US, evi
dencing their legality to the entiI Q
satisfaction Of our attorneys. 1t
is agreed and understood that ID
the event this bid is accepted we
are to have the privilege Of 80
lecting the depository for the pro
ceeds derived from the sale of
these certificates. We attach here
to our certified check for $500 90
as evidence of our good faith in
carrying out the terms Of this con
tract; said check to be held by
you 10 the event this bid is &C
cepted, otherwise to be returned
to US at once.
Signed. Sidney, Spitzer& Company
On motion of Mr.. Sealy seconded
by Mr.. Girard and adopted by the
following Yea and Nay vote:
Yeas, Messrs. Sealy, Girsrd, Vii
Neutrality-suspicious., the follow
ing resolution was offered:--
Whereas, Sidney Splitter & Com
pany are the highest and best bid
ders for the $IOO,OOO.OO Certifi
Gates of Indebtedness to be issued
by the City of New Iberia, La.
dated Jan. 1st, 1919 bearing inter
est at 5 per cent per anDum inter
est payable Semi annually, to ma
ture as specified in their bid Of
November Goth, 1919.
Now therefore, Be it resolved
chat said bonds be and the same
are hereby awarded to said Sidney
Splitter & Company, and the
Board of Trustees are hereby au
thorized and directed to execute
said bonds and when executed, to
deliver the same to the said Sid
ney Splitter & Company, on com
pIiaDce with their terms of their
said bid on Ale in the Office Of the
City CLERK.
Signed. H. 8. Sealy, Mayor.
The following communication
was received and ordered spread
on the minutes on motion of Mr..
Girard.
New Iberia, La. Dec. lIth, 1919.
To the Hon. Board Of Trustees
City of New Iberia, New Ibe
ria, La.
Gentlemen
In compliance with section No.
Is Of the city charter beg to Of
fer herewith an estimate Of the re
quirements for my department for
the year 1920 as follows,
Prin.&1nt.o on 100000 BondIssue 5000 90
/" :" 10000 ........ 1887 90
Outstanding notes & int. to be
paid In 1920. ............... 884O 90
Int. on current loan to be paid
In 1890 500 90
Incidental Expense. .......... 1928 90
Unsectarian Aid Society ...... 200 90
Making Assessment Roll. 49,. 800 90
Printing Stationery Etc ...... $50 20
For City Judge e Marshal. -. 900 90
For salary of City Attys & Clks 1920 90
For salary Trustee of Finance. 1900 90
One Half of the amt. for audit.
Ing books Etc. .............. $50 90
~ Mills Southern Drainage
Canal Tax .................. 8s42 80 |
~ Mills School Tax .......... 6842 30 |
certifcatedslns. for Oil Engine $500 90