The commonwealth. (Greenwood, Miss.) 1896-1923, 1897-05-20

any time thereafter At The option OF the State,
AMI II The State exercises this option II shall call
IN aud pay ot said bonds Ia numerical order,
beginning WITH boud number one, said bonds
shall bear interest at the rate NJ I per cent. per
annnin. and said interest shall be payable syut-
annually, On the nrst day at January and July
In each year. and interest coupons sHall 10 At
tachei 10 said bonds. payable semi-annually as
above stated at the treasury,
Sec, = The governor shall, a. s0on rs may he
practicable, proceed 10 uiier sAii bonds tot sale,
10 the highest bidder Tor cash, as hereinafter
directed. lie shall give notice In such news
papers as be may deem proper, not less than nNc
IN number, and not less than utncts days before
the sale and continuous, uutl salr, aud me
bids for said bonds shall be received by hUN Ia
sealed envelopes. accompanied by rrttihtd check
or cash 10 the amount OF onc-trn'h value "
bonds bid for. nH the day thed by said notice
the governor, treasurer and auditor shall open
said bids, aDd declare the result OF the bidding.
No bids shall be received Al a price less than the
par Nalnc OF said bonds. and all bids shall BE- Tor
snS amount Ut bonds desired. IN sums OI lNn ur
multiples thereof When the governor, treas
urrr and auditor shall have named the success
tut bidder. they shall give sAeh bidder u oerIlh-
cate, showing the amount hid by him, on which
the said purchaser shah obtain irum the audi
tor Of public accounts a receipt warrant au-
ihorlZing him 10 pay the amount ot SAM bid INTO
the state treasury Whea said purchaser SHAH
have 80 paid INTO said treasury said amount OF
said bid the governor shall proceed, As soon rs
may I've practicable, TO execute ttuallN the bonds
SO sold TO him, and deliver the same to HIN Win
the interest coupons belonging thereto attached,
trSt. however, uetaching such coupons, II any,
rs wuuld represent Interest prior 10 the NTsi day
OF January OF the lrst day Of dnly, as the ease
may be, next preceding said purchase, II, AZ
such sale, amy ot said bonds shall rrtnaln M
sold. the governor shall proceed I" hold other
sales, IN the manner herein directed. for the plit-
pose OF dispbslng of SAID bonds, and, II after the
second sale. any bonds remain unsnld, he may,
with the advice and consent OF the treasurer ana
auditor, negotiate the same at private sale, toE a
price not less than par.
Sec. 8. That said bonds shall he signed lay the
governor anu secretary of State, aud sealed with
the great seal oI the state. hut The coupons II
interest MAJ be unsCaled, and the signatures of
the governor and secretary OF State engraved
iac simlle. said bonds shall be exempt from
taxation and local assessments. The proceeds
of the sale OF said bonds, or so inict thereof as
be necessary. IL hereby appropriated for the
erection Of a new capitol bHlidiGg for the state
OF Mississippi.
See. 4. The sum " $3.50, or so much thereof
as may he necessary 10 pay the expenses OF PRINT
ing and engraving The said bonds aud adNerliS-
ing them Tor sale, is hereby appropriated out OF
the capitol fund, and the balance shall be con
Sericd back into the treasury,
Sec, 3. That this act take effect and be in force
from and after It's passage.