New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-11-20

| (46,00000) Dollars, and to issue anc
sell serial negotiable sen annual interes
bearing coupon bou15 evidenciny and II
debtedness, said boais 10 bear interest
at the rate Of five per centum IS =. e.
per annum, payable sem! annually; sale
bonds TO run forty (49 years from theil
date, and both the principal and interest
Of said boz Dis to be cecured by d fcr.ld
contribution or acreage tax as hefein-
above provided for, the processes trom the
! sale Of said bonds, at not legs taan nne-
/ ty per cent go p. c. of par, 10 be used
| for the purpose of establishing and main
| tanning gravity drainage within and 70.
| Sub Drainage District Number Three
/ ~ Of the Bayou Carlin Drainage Dis
trict, Parish of Iberia, State Of J y'isi-
ana.
| And there were found no votes. rePre-
senting an assessed valuation Of no dol
| lars, cast against the said Proposition
Number Two (2) as above set forth.
It was therefore shown there was q
n f7ority Of votes, both in number and
amount, cast in favor Of the aforesaid
| Proposition Number Two (2) which said
Proposition Number Two CIV, as above
set forth, is therefore declared to be car
, led.
This process verbal and canvass Of the
votes cast at the said special election he'd
IN Sui FT33raaiitaEe District Number Three
90 of the Bayou Carlin Drainage Dis
trict, Parish Of Iberia, State of Louisiana,
on the twenty seventh day of October,
1920, having been duly written, and read,
was thereupon signed by the Tellers, by
the President and the Secretary and by
each and every member Of the Board 70
Commissioners of the Bayou Carlin
Drainage District present at said meet
ing.
JULES OLIVIER, President.
CHAS. L. PROVOST, Secretary
Tellers:
All c. Duboin,
E. NJ. Boutte.
Members: H. Boutte, Eraste BONN,
f. M. Boutte, Jules Olivier, A. c. Duboin
JULES OLIVIER, President.
CHAS. L. PROVOST, Secretary.
The following ordinance was offered
By Mr.. A. C. Duboin and seconded by Mr..
H. Boutte:
An ordinance authorizing the issuance
of Forty Six Thousand ($46,0O000l Dol
lars of Drainage Bonds of Sub-Drain-
age District Number Three 81 of the
Bayou Carlin Drainage District, Parish
Of Iberia, State of Louisiana, prescribing
the form thereof, fixing the maturities
and providing for the levy of taxes for
the payment Of the principal and inter
est of said bonds.
Whereas, according to the returns Of
an election held in Sub-Drainage Dis
srict Number Three (3) of the Bayou
Carlin Drainage District on the twenty
seventh day of October, 1920, under the
authority granted by the terms of sail
election, the Board of Commissioners Of
The Bayou. Carlin Drainage District, as
the governing authority of Sub-DTainagc
District Number Three (3t of the Bayou
Carlin Drainage District, was authorize
10 incur debt on behalf of and in the
name of Sub-Drainage District Numbel
Three ~ Of the Bayou Carlin Drainage
District in the amount Of Forty Six Thou
sand ($46, 100000 Dollars, and to issue
and sell serial negotiable semi-annual
interest bearing coupon bonds evidencing
the said indebtedness
Therefore, Be 1t Ordained by the
Beard of Commissioners of the Bayou
Carlin Drainage District, Parish Of Ibe-
ria, State of Louisiana, that in compli-
ance with the terms of Article 281 Of the
Constitution of the State Of Louisiana
and act ESQ of 1910 as amended, and
acting as the governing authority of Sub
Drainage Dxf.t<t Etnber Three (3) Of
the Bayou caiiiA Drainage District, aud
the Board of Commissioners of the Ba-
yoh Carlin Drainage District having been
duly authorized at an election held 10
Sub Drainage District Number Three
~ of the Bayou Carlin Drainage Dis
trict on the twenty seventh day of De-
tober 1920, hereby authorizes the in
curing of an indebtedness of Forty Six
Thousand ($46,000.00) Dollars of said
Sub Drainage District Number Three
(3) of the Bayou Carlin Drainage Dis
trict, for the purpose of establishing and
maintaining gravity drainage in said
Sub Drainage District, and to represent
said indebtedness, the Board of Com
nissioners of the Bayou Carlin Drain
aye District, hereby authorizes the issu
ance Of Forty Six Thousand ($46,0O0.0Ot
Dollars of Drainage Bonds Of Sub-Drai1-
age District Number Three ~ of the
Bayou Carlin Drainage District, Parish
of Iberia, State Of, Louisiana, numbered
from One to Ninety Two, inclusive, Of
the denomination of Five Hundred
| ($5o0o0) Dollars each, dated December
1st, 1920, bearing interest at the rate Of
five per centum IS p. c. per annum,
from date until paid, said interest being
payable semi-annually on the FIRST days
Of June and December in each year, and
each Of said bonds having attached
thereto semi-annual interest courons to
represent the said indebtedness.
Be II Further Ordained, etc that the
said bonds and the interest thereon shall
be payable at the Peoples National Rank
Of New Iberia, La, or at the option o.
the holder at the Hanover National Bank.
| New York City, N. Y.
Be, It Further Ordained, etc, that the
! said bonds shall be in substantially the
/ following form, to-wit:
United States of America State Of Lou
isiana, Parish Of iberia.
Drainage Bond of Sub-Drainage District
Number Three 90 of the Bayou
Carlin Drainage District.