The weekly Iberian. (New Iberia, La.) 1894-1946, 1922-10-14
OFFICIAL MINUTES
CITY COUNCIL

P. NJ. The purpose Of the meeting
being to receive, open and conslde-
Kids for having certificates and 9TH
or matters needing attention.
BE il remembered that pursuant
to Resolution No. 334 adopted by
the Board Of Trustees of the City
Of New Iberia, the members OF sad
Board of Trustees met at the Once
Of the Mayor, for the purpose OF
onening bids for the sale Of paving
certificates, issued by this City, n
order to realize funds with which to
nave certain streets therein designa-
ted. and to consider same.
That there were two bids to De
considered, which bids were from l..
r. French of Alexandria, La, and
Caldwell & Co, Of New Orleans,
La. Both bids being for $l45,259.oo;
hearing five per cent per annum IN
terest payable semi annually, as per
bids which follow:
The Clerk read the following ad-
yertisement:
CALL FOR BIDS.
Trustee of Finance, J. d. Brous-
sard, offered the following Notice OF
sale of Paving Certificates which
was ordered published ten days in
accordance with the provisions Of
the City Charter.
New Iberia Street Paving Bonds.
The undersigned, Trustee Of Fin
ance of the City Of New IBERIA, in
Iberia Parish, La, hereby invites
sealed proposals for paving certifi.
Gates Of said City to the amount of
$145,2595O. Said issue consists of
l4O certificates of the denomination
of 100000 each and 10 certificates
of the denomination of $525.95 mum
bered consecutively from ] to 100
inclusive, dated as Of the first day OF
January, 1922, and mature and be-
come due and payable $14,525.95 on
January LIST, 1924 and $14,525.95 on
January LIST of each year thereafter
to and including January LIST, 1899
and bear interest at the rate of five
per centum per annum, payable Sc
mi-annually both principal and inter
est payable at the office Of the
Treasurer Of said City in New he
ria, Louisiana.
Such sealed proposals must be sub
mitted to the undersigned on or be.
fore October 10th, 1922, and opened
in open session of the Board OF
Trustees Of the City of New IBERIA,
at 4 o'clock p. NJ, Tuesday, October
10th, 1922.
Each bidder must file with his bid
as a guarantee of good faith GER
tilted check on one Of the Banks do
ing a regular banking business in the
City of New Iberia, for an amount
not less than two per cent of the
par value of the certificates for
which he bids. Such check must be
made payable to the order Of the
undersigned, Ex-Officio City Treas
urer and shall be retained and be-
come the property Of said City as
liquidated damages in case such bid
der fails to comply with the terms
of his bid in case same shall be ac-
cepted.
The issuance being in conformity
with Ordinance No. 100, and the ap-
prevail Of Roose e. Roose, Bond At
torneys, Of Toledo, Ohio.
J. d. BROUSSARD.
Trustee of Finance,
City of New Iberia.
On motion of Mr.. Villermin, sec
onded by Mr.. Broussard the bids re-
ceived were ordered opened and read
which bids follow:
New Iberia, La, October 10th, %.
Hon. Mayor and Board Of Trustees,
City Of New Iberia, La.
Gentlemen:
As per your attached advertise
ment for your Paving Certificates we
agree to pay you 95.01 and accrued
interest.
Providing the proceeds of the sale
and the sinking fund are deposited in
a bank in Louisiana, designated By
us without interest.
Yours truly,
CALDWELL & CO.,
By HARRY DEAN.
New iberia. La, October 10, 20
To the Hon. Board Of Trustees,
City of New Iberia,
New iberia, La,
Gentlemen:
Four your $145,259.50 paving GER
tificates Of the City Of New Iberia,
La, said issue to consist Of 140 paw
ing certificates of the denomination
Of 100000 each and 10 certificates
of the denomination of S525 95 each
numbered consecutively, from l to
100 inclusive, dated as Of the first
day of January 1922, and maturing
and becoming due and payable $14,
b25. SO on January 1, 1924, and $14,
525 30 on January LIST Of each year
thereafter, up to and including Jan
uary l, 1888, to bear interest at the
rate OF five per centum per annum,
payable semi-annually, both princi-
and semi-annual interest at the
Of the Treasurer of the City of
iberia, La, we will pay you, up
- delivery to us, at Alexandria, La.
Ninety-five and one eighth (.95125,
cents on the dollar and accrued I'M
terest from date of certificates to
date of delivery.
This bid is made with the under
standing and agreement that we are
to be allowed the privilege of nam
ing some bank or banks in the
State Of Louisiana, without interest
or other charges to said bank ,,r
banks, MS the depository of the funds
derived from this sale; said funds to
be drawn only for the purpose for
which the certificates are issued;
said bank or banks to be mutually
- A -