  We report high resolution polarized infrared studies of the quarter-filled
spin ladder compound alpha'-NaV_2O_5 as a function of temperature (5K <= T <=
300K). Numerous new modes were detected below the temperature T_c=34K of the
phase transition into a charge ordered nonmagnetic state accompanied by a
lattice dimerization. We analyse the Brillouin zone (BZ) folding due to lattice
dimerization at T_c and show that some peculiarities of the low-temperature
vibrational spectrum come from quadruplets folded from the BZ point (1/2, 1/2,
1/4). We discuss an earlier interpretation of the 70, 107, and 133cm-1 modes as
magnetic bound states and propose the alternative interpretation as folded
phonon modes strongly interacting with charge and spin excitations.
