The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-09-23

ORDINANCE No. 334.
Ain ordinance authorizing the is
suance IF Paving Certificates in the
sum of $145 .259.50 to pay the cost
Of paving St. Peter Street from
/ Bank Avenue to Chestnut Street;
Julia Street from Main Street 70
Dale Street; Fren5h Street from
I Main Street to Wa :hington Street;
jefferson Street from Main Street TO
St. Peter Street; Chestnut Street
( from Main Street to Jane Street and
/ Jane Street from Chestnut Street TO
North Street.
Whereas. the Board Of Trustees Of
the City Of New IBERIA, in Iberia
Parish, Louisiana, has provided for
| the paving Of st. Peter Street from
I Bank Avenue to Chestnut Street;
Julia Street from Main Street to
| Dale Street; French Street from
/ Main Street to Washington Street;
| Jefferson Street from Main Street to
to st. Peter Street; Chestnut Street
| from Main Street to Jane Street and
! Jane Street from Chestnut Street to
| North Street; after notice of its in
tention 50 to dc had been published
III the Official Journal Of the City az
( 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 an estimate of the cost Of
| paving the above mentioned streets
to be executed during the succeeding
year. which estimate Of cost amounts
to $145,25950 and which embraces
the names Of all property owners to
be assessed and a brief description
Of each property for the purpose Of
identification: Now therefore,
! Be it ordained by the Board of
Trustees Of the City Of New Iberia
that for the purpose Of paying the
cost of paving st. Peter Street from
Bank Avenue to Chestnut Street:
Julia Street from Main Street to
Dale Street; French Street from
Main Street to Washington Street;
Jefferson Street from Main Street to
st. Peter Street; Chestnut from
Main Street to Jane Street and
Jane Street from Chestnut Street to
North Street; there be issued Paw
ing Certificates of the City of New
Iberia to the amount Of S145,259.50
Said issue shall consist Of 40 certi-
ficates of the denomination Of
81 100000 and 10 certificates of the
denomination Of S525.95 each nun
bered consecutively from / to $50
inclusive, dated as of the 1st day of
January, 1922, and shall mature and
become due and payable $14.525 95
on the 1st day of January, 1924, and
$14,525.95 on January 1st each year
thereafter to and including January
1st, 1888. The City may, however,
on said dates redeem a greater a
mount Of said certificates provided
notice of its intention so to do shall
have been published in the Official
Journal Of the City once week for
four weeks during the month of
November of the proceeding year.
Said Paving Certificates shall be
payable to bearer, and shall bear in
terest at the rate of five per centum
per annum, payable semi-annually on
the list day Of January and July in
each year, the several installments
of interest to be evidenced by de-
tachable coupons attached to said
certificates, and both principal and
interest shall be payable at the of
INV VI lIlC III Sdlu NlIN III
New iberia, Louisiana.
Said certificates shall be neatly
engraved or printed and numbered,
and shall be in substantially the
following form:
UNITED STATES OF AMERICA,
STATE OF LOUISIANA,
PARISH OF IBERIA,
CJrrXy OI, ArIyv TDI,nTA
PAVING CERTIFICATE OF THE
YEAR 1922.
Know ALL MEN BY TIL THESE tSSs
PRESENTS: That the City of New
Iberia, in Iberia Parish, Louisiana,
acknowledges itself to owe, and for
value received hereby promises to
pay to bearer ONE THOUSAND
DOLLARS, lawful money of the
United States of America. on the
1st day of January, d., with in
terest thereon from the date hereof
until paid at the rate of 5 per
centum per apnum, payable semi
annually on the 1st day of January
and July in each year, on presenta-
ton and surrender of the annexed
interest coupons bearing a fac-si-
mile Of the signature Of the Trustee
of Public Safety (Mayor), as they
severally become due. Both principal
and interest of this certificate are
payable at the office Of the Trcasur-
err of said City in New Iberia, La,
and for the payment of the princi-
pie and interest hereof as the same
shall become due the full faith,
credit and resources of said City are
hereby irrevocably pledged.
The City of New iberia reserves
the right to redeem this certificate
at par on the 1st day of January in
anyyear prior to maturity, provided
notice of its intention so to do shall
have been published in the Official
Journal Of the City once each week
for four weeks during the month of
November of the preceding year.
This certificate is one of series
OF paving certificates of the City of
New Iberia, aggregating $145,259.50,
issued for the year 1922, pursuant to
the Charter of said City, and Ordin-
ance No. 334 passed by the Board of
Trustees of said City on - day
of ---, 1922, to pay the cost Of
paving st. Peter Street from Bank |
Avenue to Chestnut Street; Julia
Street from Main Street to Dale |
Street; French Street from Main
Street to Washington Street; Jeffer-
son Street from Main Street to st. |
Peter Street; Chestnut Street from
Main Street to Jane Street and Jane
Street from from Chestnut Street to |
North Street. /
1t is hereby certified, recited and |