The weekly Iberian. (New Iberia, La.) 1894-1946, 1920-10-02
OFFICIAL MINUTES
COUNCIL

VII OVOINN1A
New Iberia, La, Sept. 30, 1920
The Board of Trustees of the City
Of New Iberia convened this day IN
special session with Mayor H. S.
Sealy' presiding, Messrs. Girard and
villerrnin present, at 10 A. NJ. The
purpose Of the meeting being to tran
sact any and all matters needing at
tention.
The following ordinance was offer
ed BY Mr.. Villermin, seconded by Mr..
Sealy. and ordered published ten days
in accordance to law and the City
Charter.
Ordinance No. 236.
An ordinance authorizing the is
suance of paving certificates in the
sum Of $447O.20 to pay the cost of
paving Bridge Street, from Main
Street to City Bridge.
Whereas, the Board of Trustee of
the City of New iberia, in iberia Par
ish, 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
lished 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, which en-
estimate of cost amounts to $4470.2O
and which estimate embraces the
names of all property owners to pc
assessed and a brief description O.
each property for the purpose OF
identification. Now therefore,: be II
ordained by the Board of Trustees OF
the City of New iberia that for the
purpose Of paying the cost OF paving
bridge Street, from Main Street to
CITY Bridge, there be issued paving
certificates Of the City Of New iberia
to the amount of $4470.2O, said issue
sha,l consist of ten certificates of the
denomination of $447.02 each, num-
|hered consecutively from l to 1o IN
elusive and dated as the LIST Gay OF
January. 1920, and shall mature ano
become due and payable $447.O2 on
January. 1922, and $447sO2 on Jan,
nary 1st each year thereafter TO ahc
including January, LIST, 1921: ny
Citv may, however, on SAID dates re-,
doem q greater amount OF SAID certi
fcates. provided notice OF It's lnceil'
t;or- al to do shall have been puDnsn
al in the official journal OF the CltS
orca . week for four weeks durins
the month of the proceeding Novem'
Der.
Said paving certificates shall be
payable to bearer, and shall bear In
terest at the rate Of five per centun
lper annum, payable semi-annualiy or
the first day Of January and July II
each year, the several installments Of
interest to be evidenced by detachable
coupons attached to said certificates
and both principal and interest shai
he payable 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 ant
shall be in substantially the following
form:
| City of New Iberia,
| Paving Certificate of the year 1920.
Know all men by these presents
That the City Of New Iberia, in Ibe
ria Parish, Louisiana, acknowledge
itself to owe, and for value received
hereby promises to pay to bearel
Four Hundred and Forty Seven Dol
lars and Two Cents, lawful money O.
the United States of America, on tn
LIST day Of January, 1922, with inter
est thereon from the date hereof unit
paid at the rate of 5 per centum pc
annum, payable semi-annually on tn.
| LIST day Of January and July in eacl
wear. on presentation and surrendel
Of the annexed interest coupons bear
ing q fac-simile Of the signature O
the Trustee Of Public Safety (Mayor,
as the severally become due. boCi
nrinciual and interest of this Certlh
cate are payable at the office OF TN
Treamrer Of said City in New Iberia
II uisiana. and for the payment OF TN
nrincipal and interest hereof as TN In
same shall become due the full faiti
credit and resources of said City arr
hereby irrevocably pledged.
The City Of New Iberia reserves thu
fright to redeem this certificate at pal
lon January LIST, 1929, or on the first
| day Of january in any year there
after, provided notice Of its in
Itention so to do shall have been pub.
|lished in the official journal Of the
| City once week for four weeks dur
ling the month Of the proceeding
November.
This certificate is one of q series OF
paving certificates of the City of New
Iberia, issued for the year 1920, pur-
suant to the Charter Of said City
and Ordinance No. 210 passed by the
Board Of Trustees Of said City on the
4th day Of May, 1920, to pay the
cost Of paving Bridge Street, from
Main Street to the City Bridge.
II is hereby recited, certified and
declared that all acts, conditions and
things required to be done precedent
to and in the issue of this Certifi-
cate have been done have happened
and have been performed, in regular
and due form; that in addition to the
other resources provided for the pay
|ment hereof the City of New iberia
will, in due time, manner and season
|cause to be levied special benefit
assessment against the property stu
lated within the corporate limits OF
said City and benefited by the i'm
|provements to pay the cost of which
this certificate is issued, in 4 sums
not less than the aggregate of the
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