New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-11-13
Drainage Bond of Sub-Drainage DISTRICT
Number Three 81 of the Bayou
Carlin Drainage District.

Drainage Bond of SubDrainage Districr
Number Three 81 of the Bayou
Carlin Drainage District.
Mo- $4,000
Sub-Drainage District Number Three
81 of the Bayou Carlin Drainage Dis
trict, Parish of Iberia, State OF LOUIS
ana, for value received, hereby promises
to pay to bearer on the LIST day of
February, 1922, the sum of Five Hun
dred Dollars, in gold coin of the United
States of America, of the present standard
of weight and fineness, with interest
thereon at the rate of five per centuil
| IS p. c.) per annum, payable sem!-an-
nually on the 1st days of August ald
February in each year, upon presentG-
ton and surrender of the interest cou-
pons hereto attached as the same shall
mature, both the principal and interest
of this bond are payable at The Peoples
National Bank of New Iberia, at New
iberia, Louisiana, or at the option of the
holder at the Hanover National Bank If
New York City, N. Y.
This bond is issued by Sub-Drainage
| District Number Three ~ of the Ba-
| you Car1in Drainage District, Parish 81
Iberia, State of Louisiana, for the pur-
pose of establishing and maintaining
gravity drainage within the said Sub
Drainage District, under and by virtue OF
the authority conferred by Article 28l Of
| the Constitution of the State of lLouisi-
ana, and Act 256 of the General Assem-
bly, of the State of Louisiana for the
year 1910 as amended, and this bond was
~ oil n 10
on the twenty seventh day of October,
1920, the returns of which election were
duly promulgated on the twenty ninth
day of October, 1920.
The debt represented by this bond
and the issue of which it forms a part
was incurred and said bonds were issued
by virtue of the authority conferred by
the Constitution and Act referred to and
| conforming to the result of an election
held by the property taxpayers in Sub
Drainage District Number Three 81 of
the Bayou Carlin Drainage District, quail
flied to vote at the said election, on the
twenty seventh day of October, 1920,
who authorized the governing authority
of Sub Drainage District Number Three
(3) of the Bayou Carlin Drainage Dis
of forty (40) years a forced contribution
or acreage tax of Fifty $50 Cents per
acre per year on each and every acre Of
land within said Sub-Drainage District
Number Three 81 of the Bayou Carlin
Drainage District to pay the principal
and interest of said bonds, in accordance
with law, and it is certified that all acts,
conditions and things required to be done
precedent to and in the issuance of this
bond and of the issue of which it forms
part, in order to make the same lega.
binding and valid obligations of Sub
Drainage District Number Three 90
of the Bayou Carlin Drainage District,
hvae existed, have happened and have
been performed in due time, form and
manner, as required by law, and that the
indebtedness of said Sub-Drainage Dis
trict, including this bond, does not ex-
coed the Constitutional or Statutory
| limitations of indebtedness.
In witness whereof, the Board of Com
missioners ofthe Bayou Carlin Drainage
District, as the governing authority OF
Sub Drainage District Number Three
| 81 of the Bayou Carlin Drainage District
has caused this bond to be signed by the
President and Secretary of the said
Board of Commissioners, and the corpo-
rate seal of said Board of Commissioners
| to be hereto affixed, and has also caused
the coupons hereto annexed to be signed
with the facsimile signatures of the said
President and the said Secretary and
this bond to be dated December 1, 1920.
Sub-Drainage District Number Three
Cd of the Bayou Carlin Drainage
District. .-t
L. ....................
President of the Board of Commissioners.
| ....................
Secretary of the Board of Commissioners.
form of Coupon
On the first day of--19-, Sub
Drainage District Number Three of the
Bayou Carlin Drainage District, Parish
of iberia, State of Louisiana, will pay
to bearer, Twelve Dollars and Fifty
Cents ($12.50) at The Peoples National
Bank of New Iberia, at New Iberia Lou
isiana, or at the option of the holder at
the Hanover National Bank of New
York, N. N, being semi-annuaI interest
then due on its Drainage Bond dated
December /, 1920. No.
1850. 49,. 49,. - .'.-.''I.''.
President of the Board of Commissioners.
........... .................
Secretary of the Board of Commissioners.
Be it further ordained, etc., that said
bonds shall be executed by the President
and by the Secretary of the Board of
Commissioners of the Bayou Carlin
Drainage District on behalf of Sub-Drain-
age District Number Three (3) of the
Bayou Carlin Drainage District, and the
coupons shall bear the facsimile sigma
lures of the said President and the said
Secretary.
Be it further ordained, etc., that said
bonds shall bear the following endorse
ment:
'Tncontestable-- Secured By
tax. Registered this----day of --
10
(SeaD .................
Secretary of State"
Be it further ordained, etc, that said
bonds shall mature in the following man
ner, to-wit:
Bonds Nos. Amounts Maturities
$4,000 December l. 1921