The leader., 1898-03-09

4
and Seavey nays, none. Moretor
absent.
| The report is as follows:
To the Honorable Mayor and Board Of Aldel
men Of the City Of Brookhayen. Miss:
GENTLEMEN We herewith submit on
Fifth Report as Fiscal Agents Of said City G
Brookhaven, Miss, for your consideration an
approval.
1898, WATER WORKS AND ELECTRIC LIGHT
| FUND.
Jan. 81. To bal on hand..s sss99.41.
FEB. 3. BY depo sit.--.-......-.-. 2070G5-Sl091oO
1898. CREDITS.
| Feb. II. by warrants cancld. SS355.26
Feb. IA. BY balance, 26l4.si.-si097oIo o
Our warrants and vouchers accompany thi
report, for examination and cancellation.
| Respectfully submitted,
COMMERCIAL BANK,
| of Brookhayen Miss,
| Fiscal Agents.
APPROVED:
A. y. ddnN. p; SEAvEf' FINANCE Committee.
| March /, 1898.
| SALE OF MARKET HOUSE LOT.
Be it ordained by the Mayor and
Board of Aldermen of the city oi
Brookhaven, Miss, That His Honor
j. b. Daughtry, Mayor, Of said city OF
Brookhaven, be and is hereby author.
lied and empowered to sell and convey
the Market House lot in the ne
corner of Block "K" in the city of
Brookhaven, Miss, being fifty feet
on Jackson street, by one hundred
feet front on Monticello street in said
Block "K" to j. w. Chambers, at and
for the sum of five hundred dollars in
cash, and to execute and deliver to
him proper deed of conveyance there
to upon the payment to him by the
said j. w. Chambers of the said pur
chase price of $4,000. Ayes, yCohn,
Perkins, Schnorrenberg and Seavey;
nays, none. Moreton, absent and not
voting.
ADDITIONAL ISSUE OF BONDS FOR WATER
WORKS AND ELECTRIC LIGHTS.
The matter of raising money for the
purpose of paying off and discharging
an outstanding Indebtedness due by
the city in addition to the 100000 in
bonds heretofore issued on the 9th day
of July, 1897, for the erection, estab
lishment and ownership by the city of
Brookhaven of system of water
works and electric lights, and the ma
chinery, material and property Incl
dent to and necessary therefor and for
the purposes of purchasing in the name
of said city of Brookhaven, suitable
grounds within or without the cor
porate limits of said city, upon which to
erect water works and establishing elec-
trio lights, and for securing the right of
way for said purposes in accordance
with the ordinances of said city, re-
corded in Ordinance Book of the city
of Brookhaven, pages 13S and 139,
coming on to be heard, and it appear
ing to the satisfaction of the Mayor
and Board of Aldermen of the city of
Brookhaven, that before providing for
the issuance of the bonds, as provided
for in Minute Book, pages 194-5 and
1876 on the 7th day of February, A. ID.
1898, of $4,000, this Board has pub
lished notice of the proposal to issue
said bonds of S5,000.00 in THE LEADER,
a newspaper printed and published in
the municipality and having a general
circulation therein for three weeks
next preceding this ordinance, and it
appearing to this Board that within
that time twenty per centum of the
adult taxpayers of the municipality
have not petitioned against the issu-
ance of the bonds aforesaid for the
sum of S5,0O0O0, nor has there been
any petition filed against it whatever
Therefore, Be it ordained by the
Mayor and Board of Aldermen of the
city of Brookhaven, Miss, for the
purpose of raising money for the pay
ment of the outstanding Indebtedness
due by the city for the erection, estab-
lishment, and ownership by the city of
Brookhaven of system of water
works and electric lights and for the
purchase of machinery, material and
property incident to or necessary
therefor and for the purposes of pur-
chasing in the name of said city suita-
BILE grounds within or without the cor
porate limits of said city upon which
to erect water works and electric
lights and for securing the right of
way for said purposes, doth this day in
accordance with the said ordinance
adopted on the 7th day of February,
A. d. 1898, on Minute Book of said
city, pages 1915 and 196, issue bonds
of said city of Brookhaven not ex-
ceeding in the aggregate the sum OF
s., 10000, which said bonds shall ma
ture not later than 20 years from the
date of their issuance, to-wit: March
l, 1898, and shall bear interest at rate
not exceeding per cent. per annum
from said date, payable annually at
Fourth National Bank of New York,
and such bonds or any part thereof
shall be payable after five years from
the date of their issuance at the option
of this Board.
Be it further ordained by the Mayor
and Board of Aldermen of the city of
Brookhaven, Mississippi, That all Of
said bonds shall be Autographed with
suitable devices to prevent counter
feiting and shall be in sums of $4,000.
each and they shall be registered and
as issued be numbered in a regular
series from 81 upwards.
Be it further ordained by the Mayor
and Board of Aldermen of the city OF
Brookhaven, Miss, That each bond
shall be signed by the Mayor and
countersigned by the Clerk of the
Board, who shall impress the munich
pal seal on each bond as it is issued,
and every such bond shall specify on
it's face the purposes for which it is
issued and the total amount author
lied to be issued in addition to the
S40,0OO.00 heretofore issued, which ad-
ditional issue is S5,000.00. Each bond
shall be made payable to a person by