New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-10-02


in the amount of Seventy Thousand
; ($70,00000) Dollars, and to issue anG
sell serial negotiable semi-annual inter
: est bearing coupon bonds evidencing thu
said Indebtedness, and
Whereas, the said Seventy Thousand
($7000000) Dollars of bonds were au-
; thorized to be issued in accordance will
the terms of proposition submitted II
the property taxpayers qualified to vote
under the Constitution and Laws of the
State of Louisiana, at a special election
held in the Petite Anse Coteau Drain
age District. Parish of Iberia, State Of
Louisiana, on the 10Th day of September
1920, and which said proposition is as
follows. towit:
] Proposition No. 1. To authorize the
Board of Commissioners of the Petite
Anse Coteau Drainage District, Parish of
/ Iberia, State of Louisiana, to incur debt
on behalf of and in the name of the. Pc
tite Anse Coteau Drainage District in the
amount of Seventy Thousand 000000)
Dollars, and to issue and sell serial ne
! gotiable semi-annal interest bearing cou-
pom bonds evidencing the said indebted
ness; said bonds to bear interest at the
rate of five per centum Is p. CO. per an
mum, payable semi-annually, the princi-
pal and interest of said bonds to be pay
able in such amounts and at such time
and places as the governing authority
! may determine; said bonds to run TWEEN
| ty-six (26) years from the date thereof;
and both the principal and interest of
said bonds to be secured by sufficient
L ~ Ill ,taJ
/ in accordance with Article 281 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 systems of drains
age within and for the Petite Anse Coz
teau Drainage District of the Parish of
iberia, State of Louisiana.
Therefore, be it ordained by the Board
of Commissioners of the Petite Ansc
Coteau Drainage District, Parish of Ibe-
ria, State of Louisiana, that in compt-
ance with the terms of Article 2S1 of
the Constitution of the State of Louisi-
ana and Act 256 of the General Assem-
bly of the State of Louisiana for the
year of 1910 as amended, and acting as
the governing authority of the Petite
Anse Coteau Drainage District, Parish of
Iberia, State of Louisiana, and the said
Board of Commissioners having been
duly authorized at an election held in the
Petite Anse Coteau Drainage District,
Parish of Iberia, State of Louisiana, on
the 10Th day of September 1920, hereby
authorizes abe mourning of an indebted
ness of Seventy Thousand ($70,00000)
Dollars of the Petite Anse Coteau Drain
age District, Parish of Iberia, State OF
Louisiana, for the purpose of construct
ing systems of drainage within and Ter
he Petite Anse Coteau Drainage Dis
trict, Parish of iberia, State of Louisi-
ana, and to represent said indebtedness,
he Board of Commissioners of the Petite
Anse Coteau Drainage District, Parish OF
iberia, State of Louisiana, does hereby
authorize the issuance of Seventy Thou-
sand $7000o00) Dollars of DrainageI
Bonds of the Petite Anse Coteau Drain
age District Parish of Iberia, State of
Louisiana, numbered from One to Sew
entry, inclusive, of the denomination oil
One Thousand ($1,000.00) Dollars each,
said bonds aggregating the sum of Sew
entv Thousand ($7o,0o00o) Dollars. |
dated November /, 1920, and bearing in
terest at the rate of five IS p. e. per cent
per annum, from date until paid, said
interest being payable semi-annually on
the first days of May and November in
each year, each of said bonds having at,
tached thereto semi-annual interest cou-
pons to represent the said interest.
Be it further ordained etc. That the
said bonds and the interest thereon,
shall be payable at the State National
Bank at New Iberia, Louisiana, or at the
option of the holder at the Chase Ma
tional Bank, Of New York City.
Be it further ordained, etc, that said
bonds shall be in substantially the fol-
lowing form, to-wit:
United States of America, State Of Lou
isiana, Parish Of Iberia.
Drainage Bond of the Petite Anse Co
teau Drainage District.
No. 100000
The Petite Anse Coteau Drainage Dis
trict, Parish Of Iberia, State of Louisiana,
for value received. hereby promises to
pay to bearer on the first day Of Novem-
Der 1o-, the sum of One Thousand Dol
lars in gold coin Of the United States Old