New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-11-13

| 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 ($46,000.00 Dol
lars of Drainage Bonds of Sub Drain
age District Number Three (3) 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
trict Number Three 81 of the Bayou
Carlin Drainage District on the twenty
seventh day of October, 1920, under the
authority granted by the terms of said
election, the Board of Commissioners of
the Bayou Carlin Drainage District, as
the governing authority of Sub-Drainage
District Number Three ~ of the Bayou
Carlin Drainage District, was authorized
to incur debt on behalf of and in the
name of Sub-Drainage District Number
Three 81 of the Bayou Carlin Drainage
District in the amount of Forty Six Thou
sand ($46,00000) Dollars, and to issue
and sell serial negotiable semi-annual
interest bearing coupon bonds evidencing
the said Indebtedness;
Therefore, Be 1t Ordained by the
Board 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
- &c
and act ESQ of 1910 as amended, and
acting as the governing authority of Sub
Drainage District Number Three 81 Of
the Bayou Carlin Drainage District, and
the Board of Commissioners of the Ba-
you Carlin Drainage District having been
duly authorized at an election held in
Sub Drainage District Number Three
~ of the Bayou Carlin Drainage Dis
trict on the twenty seventh day of Oc-
tober, 1920, hereby authorizes the in
curing of an indebtedness of Forty Six
Thousand ($46,0 100000 Dollars Of said
SUB Drainage District Number Three
~ 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
missioners of the Bayou Carlin Drain.
age District, hereby authorizes the issu
ance of Forty Six Thousand $4600000)
Dollars of Drainage Bonds of Sub-Drain-
age District Number Three 81 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
($500.00) 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 coupons to
represent the said indebtedness.
Be It 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 Of
the holder at the Hanover National Bank,
New York City, N. Y.
Be 1t 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.