The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1897-09-03

accordance with the spirit and pro
visions of the resolution ordering sale
election: and whereas. the amount q
said bonds, to-wit: twenty-five th0us
and 1925. 0001 dollars exceed seven e
, per cent OF the taxable property o
said town Of Scranton. as then as
, sessed. it was ordered by said resolu
! ton that an election be held on July
, 10th, 1897. for the purpose Of obtain
/, Ing the authority Of the qualified cleo
tors in said town for the issuance Of
said twenty-five thousand 1928, 900
dollars OF bonds; aud whereas, said
election was held pursuant to said
resolution and the general laws OF the
State Of Mississippi governing NUM-
cipal elections, and resulted. as will
appear by the returns OF the Com
missi0ncrs holding the same, and by
the resolution OF the Mayor and Board
of Aldermen Of said town at the speci-
fed meeting thereof held July 2lst.
1897. in cInvassing the returns and de-
claring the result thereof, in more
than two-thirds (2-3ds) Of the quail
fled electors Of said town voting in
favor of issuing said bonds, in accord
ancc with the spirit, intent and pro-
visions of said resolutions Of July 9Th.
1897: and whereas. this Board has this
day adopted ordinances for the pur-
chase, erection, construction, main
tcnancc, ownership and operation by
the town OF Scranton OF Il complete
system Of water works, for supplying
and distributing throughout the town
0f Scranton an adequate supply Of
water, to be used in c%Xtinguishing
fires and preventing the spread there
Of: and also for selling and supplying
water to the inhabitants OF the town
for general use: and also for the cree
ton, completion and equipment of an
electric light plant to furnish lights
for lighting the streets of the town
and hiring and selling lights to inhab-
itants. Now, therefore, for the pur-
pose Of raising money with which to
purchase the necessary material and
appliances, to pay for the erection,
construction and equipment Of said
water works and electric light plant
and appliances, be it ordained by the
Mayor and Board OF Aldermen of the
town OF Scranton, in regular meeting
assembled, That said town Of Scran.
ton do. pursuant to the provisions OF
Chapter 93 Of the Annotated Code OF
Mississippi, and to the authorization
by the qualified electors Of said town
: aforesaid, issue twenty-five thOuSant
(S25, 000) dollars Of bonds Of said town,
the said bonds to bear interest at the
rate OF six cents {6 per cent? per an
mum, payable annually on the lSt day
of September In each year, and said
bonds To mature twenty years after
date: provided, however. that sale
town shall have the option Of paying
the same at any time after five years
from date Of issue, the said bonds u
be issued in denominations Of $500
each. and to be numbered from ! to 30
inclusive, and TO be in the following
form, tO-wit'
STATE OF MISSISSIPPI.
1897. 1917.
Six per cent Water Works and Electric Ligh'
Bond,
TOWN OF SCRANTON.
Know all men by these presents
That the town Of Scranton. Il mum
cipal corporation Of the State OF Mis-
Sissippi, is indebted to and will pay
0-------- or bearer, the sun o
five hundred $500 dollars, in Lawful
: money of the United States Of Amer
lea, together with interest thercnn a
: the rate OF six (Gl per cent per annun
: from date hereof, said interest paya
: bic annually on the LIST day Of Scptcm
Der OF each and every year thereafter
at the United States National Banl
Of New York, in the city of New York
! n. Y, on presentation Of the coupon
, hereto annexed, as they respectivcl
. become due, until the payment of til
, principal sum, which shall be due ant
. payable twenty years after the dat
hereof, at the bank aforesaid, tO-Wit
, on the LIST day of September, 1917, sub
jcct, however, to be due and payabl
after five years from the date hereof
at the option Of the town Of Scranton
This bond Is me Of a series Of fit
bonds Of like tenor, date and amount
aggrcgating twenty-five thnuSand($25,
000) dollars, numbered from one to fiji
ty, inclusive, and is issued pursuan
to law and under and by authority q
Chapter 93 of the Annotated Cod
QS92) of the State OF Mississippi, whicl
is the charter of the town of Scranton
and is authorized by an ordinance o
said town duly adopted and approves
on the 3rd day of August, 1897, and i
sanctioned by a twO-thirds majorit.
vote of the qualified electors of salt
) town as determined at an election
duly called and held in said town, OF
!, the Goth day of July, 1897, and is is
sued for the sole purpose of providin!
funds for the purchase, construction
completion and equipment Of a sys
TEN OF water works and electric light
!. for the use of the inhabitants Of sal,
= town. And the said town of Scran
ton does hereby covenant and agrc
. with the holder of this bond, that Lh
money derived from the sale thereO
shall be applied to the purchase, cor
struction. completion and cquipmen
@ of Il system Of water works and electri
0 lights in and for said town. and tina
$ the faith and credit Of said town ar
c inviolably pledged for the payment 9
h all interest and principal of this an
i. other bonds Of said series, it is hcreb
r certified and rccitcd, that all act.
conditions and things, required to /
Y done precedent to, and in the issuanc
of said bonds. has been properly done
happened and performed, in regula
+ and due form, as required by law.
Y In witness whereof this bond
Y sealed with the corporate seal Of sal
town Of Scranton, and signed by I'll
{ Mayor Of said town, and cOunterSigl
t cd by the Clerk of said town, and I'll
interest coupons hereto attached, G.
ecutcd with the fac smile signatul
of said officers as authorized and d
o rccted by this ordinance this---di
c Of-----, 1897.
That attached to said bonds shall
twenty interest coupons for the SUI
S of $50 each, une maturing on the frs
day of September. 1893, and n mi
!, turing annually thereafter on the frs
S day OF September in each year up {
= and including the first day Of Septen
: her. 1917: that the fac smile Siyn;