The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-11-11

taxes, and none other.
Sec. 3. The remainder of the ten
mill tax, after deduting said neces-
sary tax, as determined in the pre-
ceding section, shall be available to
be funded into bonds, which remain
der is l " mills.
The motion being put to a vote,
the vote was as follows: Yeas: }. ID.
Broussard, Trustee of Finance, Law
renee F. Villermin, Trustee of Pub
lie Property. Nays: Ed. LaSalle,
Trustee of Public Safety, and the
resolution was declared adopted.
Thereupon the following resolution
| was offered by Lawrence F. Viller-
| min, Trustee of Public Property, and
seconded by J. ID. Broussard, Trus-
tee of Finance:
Resolution No. $40.
A Resolution providing for the issu-
ance and Sale of $50. 100000 Fund
ing Bonds Of the City Of New be
| ria, Louisiana, for the purpose Of
Paving Sidewalks and otherwise
improving and maintaining the
| Streets Of the City and construct
| ing improvements to the Water
| Works Plant Of said City.
| Whereas, the Board Of Trustees of
the City of New Iberia, in IBERIA
Parish, Louisiana, has determined
that " mills Of the general alimony
tax is available after the necessary
deductions for all statutory and or
binary charges and all other obi
cations except those secured by spe-
cial taxes; and,
Whereas, the sum Of $42,O00.0O is
necessary for the purpose of paving
sidewalks and otherwise improving
and maintaining the streets of the
CITY of New Iberia, including the
bridge spanning Bayou Teche, and
connecting Duperier Avenue with
Bridge Street in the City of New
iberia, and 100000 is necessary to
construct improvements to the water
works plant of the City of New he
ria. and more especially for the ad.
dition Of water works pipes thereto:
and,
Whereas, the Board of Trustees
have therefore given notice OF their
intention to issue $50,OOO.OO OF bonds
Of said City by resolution duly ana
regularly adopted for the said pur-
poses, now, therefore,
BE 1T RESOLVED by the Board
Of Trustees of the City Of New he
ria. That there shall be issued nego-
table. non-taxable bonds OF said
City in the aggregate principal a.
mo,,nt Of $50, 100000. The bonds shall
be designated Funding Bonds" and
sb.ll he payable to bearer. The said
issue shall consist Of SO bonds OF the
following denominations, numbered
in the order in which they mautre;
46 bonds of the denomination OF
ST 900 90 each, numbered to 3 IN
elusive. 6 to 10 inclusive, 15 to le
inclusive. 20 to 23 inclusive, rs to 81
Inclusive. 80 to SO inclusive, ~ tt
AZ Inclusive. 46 to 81 inclusive,
bonds Of the denominatiNn OF Sooo.-
90 each, numbered 4, 10, "a and "A
I3 bonds of the denomination OF
100000 each, numbered 5, Ia and "a
| s bonds Of the denomination o.
5000 90 each; numbered 81, 3S, 40
So and SO, and bond Of the demon
. nation of $4,000 numbered 81
dated November LIST, 1922, due anf
navable on Nov. LIST in each year
s3.sOO in 1928, $4,000 in 1874 924
"A 300 in 1925, $4,000 in 1926
"A a00 in 1927, $500 in 1923
S5'aOO in 1929, $500 in 1880
$4,000 in 1881, $4,000 in 1882; ant
shall bear interest at the rate OF si'
per centum per annum, payapl.
semi-annually on the 1st day o.
November and May LIST in each year
as evidenced by coupons attached u
said bonds, both principle and inter
, est being payable in lawful none!
If the United States of America a
the Office Of the Treasurer OF ting
City Of New iberia, or at any othel
!; place agreeable to the purchaser o.
said bonds. -, 81,
Said bonds shall contain the FOL
lowing recital of their regularity: :.
at is certified that this bond i
, authorized by and is issued IN con
formity with the requirements OF tnt
/ Constitution of the Statutes OF TINS
State" ..,- A.,
And shall be in substantially the
IpNITED STATES OF AMERICA
STATE OF LOUISIANA,
II PARISH OF IBERIA,
CITY OF NEW IBERIA,
FUNDING BONDS
gKNOW ALL MEN BY THESE
PRESENTS: That the City OF New
iberia. in Iberia Parish, Louisiana
acknowledges itself to owe, and To-
value received hereby promises 7,
nav to bearer ONE THOUSANI
DOLLARS lawful money OF the uni
ted States Of America, on the IS
day of November, 10 :, with III,
terest thereon from date hereof until
Maid. at the rate Of six per centun
per annum, payable semi-annually or
the LIST day of November and MAY
in each year. on presentation ano
surrender Of the annexed interest
coupons, bearing a fac-simile OF the
signatures of the Trustee OF Public
Safety Mayor and the Trustee OF
Public Property (ex-officio City
Clerk, as they severally become
due. both principal and interest 0!
this bond are payable at the office
of the Treasurer of the City of New
Iberia and for the payment OF the
principal and interest hereof, as the
same shall become due. 1 Y mills OF
the general alimony tax is hereby
irrevocably pledged and dedicated.
This bond is one Of series of SO
bonds Of like date, tenor and effect,
except as to denomination and ma
turity, numbered consecutively from
/ to 50 inclusive, aggregating $780,
10000 issued for the purpose of paw