New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1919-06-07

seconded by Mr.. Derouen and carried.
the Police Jury of the Parish of Iberia.
La, attempted to assemble as Governing
Authority of Road District Nc. 2 of the
faflsh of Iberia this Monday the 10Th
OF May 1919. The weather being unfav-
orable there was no quorum and in con-
formity with the same motion of date
May I'D, 1919, the Police Jury Of the
Parish of Iberia, La, assembled the next
day, Tuesday, May 9th at 10 A. M. in
adjourned meeting as the governing au-
thority of Road District No. of the
Parish of Iberia, La, with Mr.. Theriot
presiding and the following members
present to-Xit:
Messrs. E. J. Gary, H. Romero, Louis
Decuir, H. Derouen, A. A. Theriot and
Numa Miguez.
Absent: Messrs. A. Gonsoulin, F. Diet
lein, V. ]. Erath, DR.. McGowen and A.
P. Moresi.
The President stated that tho purpose
of this adjourned meeting was to act and
consider the two bids received at the
special meeting of May I'D, 1919 On
which action was deferred until to-day.
It was then moved by Mr.. Romero,
seconded by Mr.. Derouen and duly car
ried that the Police Jury, As the Govern
ing Authority of Road District No. 2 20
into executive session to consider these
bids
Thereupon the Police Jury went into
executive session and considered all the
bids. After which the Police Jury again
convened in open session as the govern
ing authority of Road District No. and
there was introduced the following res
oluticn by Mr.. Romero, seconded by Mr..
Derouen.:
Whereas, w. L. Slayton & Co. Of To-
ledo, Ohio, are the highest and best bid
ders for the ($60,O00) Sixty Thousand
Dollars Road Bond Issue to be issued BY
Road District No. 2 of the Parish Of Ibs-
ria, La, dated April 1st, 1919, bearing
interest at the rate of five per cent per
annum payable semi-annually, to mature
as per specification in their bid bearing
date of May ed, 1919, which said bid u
in substance as follows:
Toledo, Ohio, May I'D, 1919.
Honorable Police Jury, New Iberia, La,
Parish Of iberia:
Gentlemen-For $4,000 Road District
No. Bonds to be issued by the Road
District No. of Iberia Parish, La, 70
bear date of April LIST, 1919 to mature -
per your printed notice say they shall
mature giving an average Of - u years
to bear interests At the rate Of Eve per
cent payable semi-annually both prime
ipal and interests being payable At some
bank in New York City, to be in the de-
nomination Of $4,000 each, We win pay
you, subject to our attorneys approval,
when delivered to " in Toledo, Ohio, the
par value Of said bonds plus 4 premium
of $1,000, further if the approving opin-
ion can be had Of J. c. Thomson Of New
York within fifteen days it il satisfsc-
tory to us.
This bid 10 based upon information
continued in financial statement exc
cuted by you under date of month Of
May and COPY Of printed notice entitled
Road District No. bonds copy Of which
you have furnished 40 and submitted
with the understanding that prior to TAX
ing up and paying for said bonds, We are
70 be furnished with full and complete
certified transcript Of the records Of pro-
ceedings leading up to and eulminsting
in their issuance and delivery satisfae-
torily showing full legal complianees
with all requirements. Said transcript 70
be furnished No within fifteen days from
the date Of this bid.
The enclosed certified cheek Of 4150O.O0
10 to be held - IN evidence Of good faith
in the event that the bid ID accepted and