The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1882-04-26

Iloh, ana the deed or contract of such guar
dian, executor or administrator shall con-
vey the title OF said minor or persons not
sui juTis as fully as if executed bv a person
OF full age; and said guardian, executor or
administrator shall be accountable on his
BOND TO the parties in interest for the
money so received by him.
SEC. y pc a FURTHER enacted, That the
Board Of Mississippi Levee Commissioners
is hereby authorized and empowered. at such
time or times, during the years 1889 and
1883, but not after the year 1888, rs it NAV
deem proper and necessary, for the purpose
of repairing, strengthening and construct
ing the levees of its district to cause to be
prepared, and to issue, negotiate or sell the
bonds of said board, for such amount or
amounts as said board may from time to
time, deem necessary, not TO exceed in the
aggregate, the sum Of two hundred thousand
dollars proCt8el, that said bonds shall not
be sold, pledged or used in payment of
labor, at a greater rate of discount than ten
per cent off their face value
SEC. 10. BE ID .further eUacfed. That the
bonds to be issued as aforesaid shall be made
payable to bearer shall bear interest at
the rate Of ten per cent. per annum, for
which said interest coupons shall he at
tached, payable annually; they shall be
signed by the President of said board. and
countersigned by the Secretary. but the
signature to the coupons may be fdc
Stn1lt6 engraving, and said bonds, or any
part thereof, shall be payable at the option
of said board, at any time after the eXpira-
ton of one year from the date thereof, and
certainly at the expiration of seven years
from the date thereof
SEC II. BE H.fUrtber Caocted. That the
bonds to be issued as aforesaid, shall be in
sums Of not less than 500 or more than
$1,000 each, and shall be numbered from one
progressively, and shall be in the following
form, viz
MISSISSIPPI LEyEE DISTRICT, No. -.
STATE OF MISSISSIPPI.
Know all men by these presents: That the
Board of Mississippi Levee Commissioners,
will, seven years after the date hereof, or ut
the option of said board, ut any time after
the expiration of one year from the date
hereof, pay at the Office of the treasurer of
said board in Greenville Mississippi, to
bearer, the sum Of - dollars, with in
terest thereon, at the rate Of ten per cent
per annum, payable annually on presenta-
ton and surrender at the Office of said
treasurer Of the coupons hereto attached,
as they shall seyerally fall due Issued by
virtue of an Act of the Legislature Of the
State of Mississippi, entitled an act to more
etfectually protect the public levees in the
Mississippi levee district and amenda-
tory of the laws pertaining to said district,
and for other purposes, approved 49,, a. D.,
1882
In witness whereof, the signature of the
president and secretary of the board of Mis-
sissippi levee commissioners is hereunto
made, and the seal Of the said board Of
Mississippi levee commissioners is hereunto
attached, this -- day ----, A. ID. 1855.
SEC. u. BE it .furtAer eaacted, That the
secretary of said board shall upon the order
of said board, cause said bonds to be litho.
graphed with such devices for Identification,
and to prevent imitation as said secretary
shall think proper, and he shall register
said bonds, i'll a book to be kept for that
purpose, as the same are issued, stating
therein, the number Of each bond issued,
the date of issue, and to whom delivered,
and he shall take the receipt in said book Of
the party to whom each Of said bonds is de-
livered
SEC. 13. BE it further enac,ed, That it
shall be lawful for said board at any time
after the expiration Of one year from the
date Of said bonds to be issued under this
act, to call in and pay off the same or any
part thereof in the following manner:
Whenever said board shall be in condition
to pay off any Of said bonds and shall deem
it proper so to do, it shall cause a notice to
be published in some newspaper. published
in the county Of Washington, State Of Mis-
sissippi, designating by their number and
amount, the bonds called in, and the day on
which they are to be presented to the treas
urer of said board at his Office for payment,
which said notice shall be published for
three consecutive weeks. prior to the day
therein for payment Of said
bonds, and the bonds called in shall be
those lowest in number then outstanding;
and it shall be the duty of the holder or
holders Of said bond or bonds designated
in said notice to present them on the day
for payment and it shall be the
duty of the treasurer Of said board on said
day, to pay off and discharge
the bond or bonds so presented, paying the
principal thereof, and the interest accrued
up to that day in full, and to take up and
cancel the bond or bonds so paid off with
all matured and unmatured coupons Of in
terest belonging to the same, and to enter
upon his register Of bonds. a minute Of his
in regard to the payment Of
said bond or bonds, stating therein to whom
such payment was made and all interest
shall cease to accrue upon any Of said bonds
in the notice hereinbefore pres
cribed and called in thereby from the date
ut which they are required to be presented
for payment, and all coupons for interest
after such date, shall be and be
come void, except as to 50 much thereof as
may have accrued up to the date at which
said bonds are required to be presented for
payment
SEC. IA BE ii further enucted, That the
TAX levied and assessed by section ?, Of an
act entitled an act to amend an act entitled
IN act to incorporate the board Of levee
for the counties Of Bolivar,
and Issaquena, and for Other
approved November 81, 1865, and
he several amendments thereto, approved
January u, 1877, except so much thereof
Is has heretofore been repealed shall be and
S hereby constituted fund for the payment
If the bonds to be issued under the provis-
ons of this act in addition to the purposes
or which said tax is levied and assessed by