The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1877-03-07

ry1UH
nh devices or Identification, and to pre-
W. imitation as in their judgment may be
VEN, q sufficient number of said coupon
Fyf1, to renew the bonds issued and now out
.,alinq under the said Act of April 10Th,
"a Uhich bonds shall be signed by the pres
ii.nt Of the board Of supervisors, and counter
mod bv the county treasurer, but the sigma
,as 70 the coupons may be a .fac-simiIe
..,ving Of the signatures Of the said treasurer
'D77 n,esident of the board of supervisors, said
a.. shall be numbered one ~, two On, and
l,sa l3). consecutively through the e'.tire
M M and said bonds shall be substantially in
Ga following form, to-wit
STATE OF MISSISSIPPI No. -
COUNTY OF Kinds.
funded county debt under an Act to fund
NJ ,bp aoating debt of Kinds county, and to issue
:oking fund bonds, approved April. 1878, and
an Act to provide for the payment of the said
bonded debt approved 1877. Know all men
w. these presents. That the county of Kinds,
aate of Mississippi, will pay at the office of
,ba treasurer to --, or bearer, the sum
d dollars in lawful money of the United
safes of America, on or before the first day
If March, in the year Of our Lord, one thou
sand eight hundred and eighty five, with in
,arast thereon at the rate of eight per cent.
nor annum annually at the treasury, upon
uroS
ttoebed as they shall severally fall due. In
witness whereof the seal Of the clerk of the
rbqncery Court of Kinds county is hereto at
achel at ----r TINS ------ DAY OF --- a Il,
1871.
SIC 3. BE- II further enacted, That said
bonds shall be in sums Of fifty, one hundred,
and five hundred dollars, payable as aforesaid,
10 correspond with the denominations of bonds
issued under the said former Act, and now out
10 ,fIy tFna
presentation and surrender of said present and
outstanding bond or bonds and coupons
attached shall, in lieu thereof, issue to the
holder thereof new bond or bonds and coupons
attached in the same amount so presented ana
surrendered and the bonds thus taken up shall,
b. the treasurer be cancelled monthly IN the
vesence of the board Of supervisors; SAID
Ire, -urer shall keep a suitable book IN which
fs sbol, register and describe all the Old bonds
.okao nm by him, and for which he shall
i..no now, ., Dis, in which he shall specl
" in so,,rote co 7rn1n. the number, date and
amount Of the old bon,11 thus taken up, and to
whom payable, and also s,"eclIy' III tne same Ii
mode, the number, date and amount % ~, '4e
bond issued therefor, to who pay 60,
and such other description as he may rI.
proper; said book shall be kept open to pun"
Inspection, and shall be examined by the board
Of supervsors each month when the old bonds
are cancelled.
SEC /. Be It further enacted, That said now
bonds shall be prepared as soon as practicable,
and notice shall be given by publication IN
public newspaper for sixty days by the presl-
dent of the board of supervisors, notifying the
holders of the present bonds to present the
same to be exchanged for the new bonds herein
provided for, and the holders of the present
bonds shall have one year from the passage OF
this Act in which to avail themselves OF the
Provisions of this Act
SEC. ). Be 1t further enacted, That it shall
be the duty of the board of supervisors OF
Kinds county to levy each year special tax OF
at least $4,000 twenty-five thousand dollars
on the taxable property in the county; Pro-
ude3, that amount will be necessary to pay
the interest, and ten thousand dollars ($10,OOo)
on the principal of the bonded debt annually;
md proriaed further that it shall not increase
The county levies for all purposes beyond SIX
Teen and one-half mills on the dollar for any
one year, and to provide an annually sinking
iand for the payment of the principal OF the
ponds under this Act, in the manner following
out of the whole amounts of said funds, the
annual interest for each and every year shali
INST be paid by the county treasurer, there
upon the treasurer shall publish notice IN at
least one newspaper in the county, that on me
- day of - in said year they Will receive
bonds issued under this Act, for the full
AMOUNT the balance of the said special tax re
malhipg after deducting the mountaineering TO
pay the annual interest, and shall invite blus
Nom the holders of said bonds, naming the
Price at which the said holders will dispose OF
ther bonds, and the number and amount OF the
ponds they will sell; and on the DAY naned'
The treasurer shall open said bids in the pres
ence OF such bidders as may desire 10 De pres
ehf, and shall accept the bids of the person or
persons Offering the highest amount OF bonus
lor given sum of money, and thereupop the
s"d lowest and best bidder shall be entitled TO
? Vment of the bonds at the rate oHered' ana
her upon the treasurer shall take up ana can
eel SAID bonds thus paid over and FeeeiFe9
aHd prori6e I, that when such call is maze IoE
bonds issued nm der this Act by their amount
and number. intara It shall cease on SAD Dohus'
The provisions of this seton shall be promptly
and strictly carried ont for each and every year
uuul the bonds, principal ana 'nteIes'' 'S'"
under this Act, are fully discharge. The
DEC 6. Be 1t further enacted, That IN vi
year 1878 the treasurer shall. out OF the specia'
iund provided for in this Act, after paying the
interest for that year on the bonds lssueu
" o9der this Act pay the principal and lntecest
a a The bond or bonds falling due on the hrs'
.y OF March, 1878, issued under an ACT emf
seu AN Act to authorize the board OF super
.sors OF Kinds county to remedy certain III
tsohVeniences arising out of the Kinds county
GGnulhg bill and for other purposes" approves
sr rarch 3lst, 1874, and with the amount OF saio
n rs'ia fund then remaining shall redeem Ine
tnhelpal of the bonds issued under this ACT, III
AZ A.. mode provided for by section five OF TINS
DEC Z Be 1t further enacted, That the annd