The weekly Iberian. (New Iberia, La.) 1894-1946, 1920-10-09
THE WEEKLY IBERIAN
Ordinance No. 236.

An ordinance authorizing the ls-
suance of paving certificates in the
sum of S4470.20 to pay the cost OF
pawn Bridge Street, from Main
Street to City Bridge.
Whereas. the Board of Trustee of
the City of New Iberia, in Iberia Par
Iish. Louisiana, has provided for the
paving of Bridge Street, from Main
Street to City Bridge, after notice OF
its intention to do so has been pub
Iished in the City Official Journal, as
REQUIRED by the Charter of the City
and Whereas, the Trustee of Public
Safety, Mayor has furnished the
Board Of Trustees and Trustee OF
Finance of the cost of paving the
above mentioned street to be execut-
ed during the succeeding year, wnlcn
estimate of cost amounts to $447O.2O
and which estimate embraces the
names of all property owners TO DC
assessed and a brief description OIL
each property for the purpose OF
Identification Now therefore: De !,
ordained by the Board OF trustees Oh
the City of New Iberia that Tor the
purpose of paying the cost OF paving
bridge Street, from Main Street u
CITY Bridge, there be issued paving
certificates of the City OF New Iberia
70 the amount of $4470.2O, SAID issue
shall consist of ten certificates OF the
denomination of $447.02 each, num-
hernd consecutively from l to III IN,
clueive and dated as the LIST Cay OF
January, 1920. and shall mature ano
b ''l,U due and payable $447.O2 or
Io,,,a,y 1000. and $447.O2 on Jan,
,,arv iii each year thereafter to al, ano
including January, lst, 1927. '
C;tv NAV. however, on said oaIes L
doen, q greater amount or salo cel.'-
|6c.tas. provided notice OF lts ih ,:i
t;on eo 70 do shall have been puoirls:.n !.
"a in the official journal OF the ivy
WOO +. week for four weeks during
th , month of the proceeding NoVeh'-
Der.
Said paving certificates shall be
payable to bearer, and shall bear IN
terest at the rate of five per centum
Der annum, payable semi annually on
the first day of January and July IN
each wear, the several installments OF
interest to be evidenced by detachable
commons attached to said certificates
and both principal and interest snail
he navable at the office of the Urea
surer of said City of New IBERIA
Louisiana.
Said certificates shall be neatly en-
graved or printed and numbered and
shall be in substantially the following
form:
City of New Iberia,
Paving Certificate of the year 1920.
No $447.O2.
Know all men by these presents:
That the City of New Iberia, in Ibe-
ria Parish, louisiana, acknowledges
itself to owe, and for value received
hereby promises to pay to bearer
Four Hundred and Forty Seven Dol
lars and Two Cents, lawful money OF
the United States of America, on the
list day of January, 1922, with inter,
est thereon from the date hereof until
paid at the rate of 5 per centum per
annum, payable semi annually on the
lst day of January and July in each
year, on presentation and surrender
IF the annexed interest coupons bear.
no a fac-simile of the signature OF
he Trustee of Public Safety (Mayor)
IS the severally become due. both
,rincinal and interest of this Certlh-
ate are payable at the office OF the
Treasurer of said City in New Iberia,
.onisiana. and for the payment OF the
,r;ncipal and interest hereof as the
,an,a shall become due the full faith
.rad;t and resources of said City are
hereby irrevocably pledged.
The City of New Iberia reserves the
light to redeem this certificate at par
To, lei hn Trcf
lay Of January in any year there
,fter, provided notice of its in
ention so to do shall have been pub
ished in the official journal of thel
1ity once a week for four weeks dur
ng the, month Of the proceeding
November.
This certificate is one of series of
paving certificates of the City of New
IBERIA, issued for the year 1920, pur-
iuant to the Charter of said City,
md Ordinance No. 30 passed by the
Board Of Trustees of said City on the |
It'll day of May, 1920, to pay the
ost of paving Bridge Street, from
Main Street to the City Bridge.
1t is hereby recited, certified and
declared that all acts, conditions and
hings required to be done precedent
o and in the issue Of this Certifi-
ate have been done have happened,
md have been performed, in regular
nd due form; that in addition to the
ther resources provided for the pay
nent hereof the City of New iberia
will, in due time. manner and season
ause to be levied special benefit
assessment against the property stu
ted within the corporate limits of
aid City and benefited by the i'm
rovements to pay the cost of which
his certificate is issued, in sums
ot less than the aggregate of the
ertificates of this series, all of which
and all such assessments
objected from said properties, and all
EN- and privileges accorded to said
'ity on said properties. shall be and
hey are hereby pledged for the pay-i
rent of the principal and interest of
his certificate.
In testimony whereof, the City of
lew Iberia. by its Board of Trustees.
as caused this certificate to be signed
v the Trustee of Public Safety
Mayor and the Trustee Of Public
Eek Officio City Clerk and !
, be sealed with the corporate seal of
MD CITY, as of the 1st day of Janu-
fy, 1920.
Signed H. S. SEALY, Mayor,
Trustee of Public Property.
igned l.. r. VILLERMIN,
Trustee of Public Property,
(ExOfficio City Clerk.)
Interest COunOn.