The leader., 1898-02-09
Perkins, and seavey. MOretOn,

renberg, Perkins, and Seavey. Moreton,
absent.
ADDITIONAL BOND ISSUE FOR WATER
WORKS AND ELECTRIC LIGHTS.
1t appearing to the Mayor and Board
of Aldermen of the city of Brookhaven.
Miss, That the bonds heretofore is
sued by the city for the purpose OF
raising money for the erection, estab-
lishment and ownership by the city of
a system of Water Works and Electic
Lights, and the machinery, material
and property incident to and necessa-
ry therefor are not sufficient to COM
plete said Water Works System and
Electric Light plant, and that there is
now an outstanding indebtedness
against the city of the sum of about
S., $1,000 now due and owing for the
erection and completion of the plants
aforesaid and there is no money in the
hands of the Fiscal Agent to pay
said Indebtedness, and that the
100000 bonds of said city, hereto
fore issued, have been sold and the
sum of money realized there
from has been expended, and in order
to make a complete and final payment
of said Indebtedness now due and
owing as aforesaid for the erection of
said Water Works System and Electric
Light plant;
Be it ordained by the Mayor and
Board of Aldermen Of the city of
Brookhaven, Miss, That the Mayor
and Board of Aldermen of said city
may issue the bonds of said city in
addition to those already issued not
exceeding in the aggregate, the sum of
$4,000 which said bonds shall not
mature later than 20 years from the
date of their issuance and shall bear
interest at rate not exceeding per
cent. per annum payable annually, and
such bonds or any part thereof shall be
payable after five years from the date
of their issuance, at the option of the
said city. All of said bonds shall be
Autographed with suitable devices to
prevent counterfeiting and shall be in
sums of $4,000 or $4,000 each, and
they shall be registered as issued and
be numbered in regular series, COM
mencing with the number next
the bonds heretofore issued for this
purpose. They shall be signed by the
Mayor and countersigned by the Clerk,
who shall impress the municipal seal
on each bond as it is issued and after
every such bond shall specify on its
face the purpose for which it is issued
and the total amount authorized to be
issued, and each shall be made payable
to a person by name 1.-THE purchaser)
obr carer.
Be it further ordained by the Mayor
and Board of Aldermen of the city of
Brookhaven, Miss, That said bonds
shall be issued by this Board at the
next regular meeting of the Mayor and
Board of Aldermen of the city of
Brookhaven, Miss, to be held at the
Mayors office, in said city, on the first
Tuesday, in March, A. D. 1898, and the
said bonds may at the date or after
their issuance be sold by the Mayor
and Board of Aldermen of the city of
Brookhaven, Miss, either at private or
public sale. They shall be sold for the
highest cash price obtainable pro-
vided, however, that none of said bonds
shall be sold at less than its face value.
Be it further ordained by the Mayor
and Board of Aldermen of the city of
Brookhaven, Miss, That this Board
shall publish notice of the proposal to
issue the above bonds in the Brook
haven LEADER by publishing notice
thereof in The LEADER, a newspaper
printed and published and having
general circulation in this city, which
said notice shall be published in said
newspaper for three weeks next pre-
ceding the proposed day of issuance of
said bonds, to-wit: on Tuesday, the 1st
day of March, A. d. 1898.
The foregoing ordinances were first
reduced to writing, and were consider
ed by the Board section by section and
Ayes, Cohn, Schnorrenberg, Perkins
and Seavey; nays, none; Moreton,
absent, and not voting.
On motion, the Board adjourned.
j. B. DAUGHTRY, Mayor.
w. H. SEAyEY, City Clerk.