New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-09-11

TO issue and sell serial negotiable, semi
annual interest bearing coupon bonds
evidencing the said indebtedness; 1.-THE
total indebtedness Of said Road District
including the within amount being less
than ten per centum 40 p. c. of the as
sessed valuation of all the taxable prop
erty in said Road District) said bonds
to bear interest at the rate of five per
centum IS p. c. per annum payable semi
annually, the principal and interest to be
payable in such amounts and at sucn
times and places as the governing au-
thority may determine; said bonds TO
run for twenty five (25) years from the
date thereof, and both the interest and
the principal to be secured by sufficient
tax TO be levied and collected each year
in accordance with Article Isl OF the
Constitution and laws of the State OF
Louisiana, the proceeds from the sale OF
said bonds at not less than par to be used
in constructing, maintaining and IN
proving the public roads and highways
within Road District Number One ~ OF
the Parish of Iberia, Louisiana.
And there were found one vote, repre-
senting an assessed valuation of S4,o5O.oO
, cast against the said proposition NUMBER
One o. as above set forth.
And there were found one vote, repre-
senting an assessed valuation OF S4,o30'OO
cast against the said proposition Number
One % as above set forth.
And as there was but one polling place,
as shown hereinabove, designated in
which to hold the said special election, 1t
was therefore shown that there was
majority of votes, both in number ana
amount. cast in favor of the aforesaid
| proposition as above outlined. SAID prop
| osition is therefore declared to be carried
This process verbal and canvass of the
votes cast at said special election held IN
Road District Number One ~ OF the
Parish of Iberia on the 31st day OF
August, 1920, having been duly written
and read, was thereupon signed by the
, tellers, by the President and by the Sec
retary of the Police Jury and by each
member of the Police Jury present at said
meeting
(Signed) I. GlNhhD'
| President Police Jury
| PAUL BASSIN,
T.l,ers. Secretary Police Jury
| L. A. DeBlanc,
E. ]. Gary.
Members-Messrs c. Girard, Feli'
Schexnayder, L. c. DeBlanc, Leonard
/ LYON. E. J. Gary, Onesipe Leleu, Leonard
Landry, Frank c. Greig, Theo. DAVID
Louis Decuir and Zenon Boutte.
The following ordinance was offered D.
Mr.. Lyon and seconded by Mr.. Gary:
An ordinance authorizing the issuance
Of Ninety Thousand $90,00o.0o) Dollar
of bonds of Road District Number On
| ~ of the Parish of Iberia, prescribing
the form thereof and providing for th'
levy of taxes for the payment OF tn
principal and interest of said bonds.
Be It ordained by the Police Jury 0
the Parish of Iberia, in compliance wit
the terms of Article 2S1 of the Constitu
4 ton of the State Of Louisiana and Act %
of the General Assembly of the State
Louisiana for the year 1910 as amende
and acting as the governing authority o
Road District Number One (ll OF tn
Parish of Iberia, the said Police Jur,
i having been duly authorized at specia
election held in Road District Number On
~ of the Parish of Iberia on the Sis
lday of Augdsk, 1920, hereby authorize
Al the incurring Of an indebtedness of Nine
~ Thousand $500, 000) Dollars Of Roa
e District Number One ~ of the Paris
a of Iberia for the purpose of constructi9I
E improving and maintaining the publ
roads and highways within said Ros
{ District Number One ~ of the Parish {
Iberia and TO represent said indebtedness