New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1921-11-26

There were present Clet Girard, E. J
Gary, F. Greig, T. David, L. J. Landry
L. c. DeBlanc, O. Leleu, F. SchexnaydeI
and L. Lyon.
| There were absent z. Boutte and L.
Decuir.
| The Police Jury having been duly
convened, the President announced the
purpose of the meeting was for furth-
er consideration of the bids submitted
on November 9, 1921, for the purchase
of $45 10000 of Road Bonds of Road
District Number Eight 81 of the Par
ish of iberia, State of Louisiana. After
due deliberston and consideration of
each and every bid submitted, the fol-
| lowing ordinance was offered by Mr..
| Gary and seconded by Mr.. Greig:
An ordinance accepting the bid of L.
E. French & Co. of Alexandra, Louisi-
| ana, for the purchase of $45,000.OO of
Road Bonds of Road District Number
Eight 90 of the Parish of Iberia.
Be it ordained by the Police Jury of
the Parish of iberia, State of Louisiana,
acting as the governing authority OF
Road District Number Eight (8) of the
Parish of iberia, that the bid Of Messrs.
L. E. French & Co. of Alexandria, Lou
isiana, fo- the purchase of $45 10000 Of
Road Bonds of Road District Number
Eight (S) Of the Parish of Iberia, dated
August /, 1919, and authorized at an
election held in the said Road District
on the 2Dth day of May, 1919, be and
the same is hereby accepted which bid
is in the following words and figures, to-
wit:
New Iberia, La, November 9, 1921.
To the Honorable President and Mem
bers of the Police Jury, Iberia Parish,
New Iberia. La.
Condemnation $43,OOOO0 bonds of
Road District No. 8, iberia Parish, La,
dated August /, 1919, bearing interest at
the rate of per cent per annum, both
principal and semi-annual interest pay
able in New York City, and maturing
serially from August /, 1922, to August
l, 1926, inclusive, we will pay you par
and accrued interest from date of bonds
to date of delivery to US.
You are to furnish us with the ap-
proving legal opinion of Mr.. Jno. c.
Thomson of New York City.
check in the sum of $1,125OO as an evil
dence of our good faith in submitting
this offer; said check to be held by you,
uncashed, pending delivery of bonds
when it will apply to part payment
thereon, or, if our bid is rejected, to be
returned to us promptly. If, for any
reason, we fail to take up and pay for
said bonds when ready for delivery, said
check is to be forfeited by US to you as
full liquidated damages.
Respectfully submitted,
L. E. FRENCH & CO.,
BY L. E. Freich( Signed)
Be it further ordained, ETC., that the
President and the Secretary of the Po-
lice Jury of the Parish of Iberia and the
Treasurer of the Parish of Iberia State
of Louisiana be and they are hereby au-
thorizcd and directed to do all things
Necessary to make delivery of said bonds
to the said L. E. French & Co., Of Alex
andria, Louisiana, the successful bidder,
and to collect the purchase price thereof.
Be it further ordained, ETC., that said
bonds and the interest thereon shall be
payable at the office Of the Treasurer Of
Road District Number Eight (S) of the
Parish of iberia, at New Iberia, Louisi
ana, OF at the option of the holder at the
Chase National Bank of New York City,
New York.
Be it further ordained. etc, that the
Treasurer Of the Parish Of Iberia. and
ex-officio Treasurer Of Road District
Number Eight CO. Of the Parish of Ibe
ria, State Of Louisiana, shall furnish and
execute 4 special bond in the amount of
Twelve Hundred and Fifty ($1250.OO)
Dollars for the faithful performance Of
his duties ~ Treasurer Of the said Road
District
Be it further ordained, ETC.. that the
Guaranty Bank & Trust Co., Of Alex
andria, Louisiana, be and the same is
hereby designated az the depository for
the funds derived from the sale Of said
$45,OOO.OO of Road Bonds Of Road Dis
trict Number Eight (S) Of the Parish Of
iberia, State of Louisiana, and that said
Guaranty Bank d Trust Co. shall fur
nish and execute to this Police Jury for
and on behalf Of Road District Number
Eight (S) Of the Parish Of Iberia, surety
in the amount Of Ten Thousand &c.
000) Dollars to cover the depository Of
said funds in said bank.
Be il further ordained, etc, that the
seal Of the Police Jury Of the Parish Of
Iberia, State Of Louisiana, Be and the
same 10 hereby adopted and designated
% the seal Of Road District Number
Eight (S) Of the Parish of Iberia. State
Of Louisiana, which seal il Of the follow
ing description, to-wit:
- un.N.- -