Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1900-03-31

Clerk both reported to the said Board Of
\ Aldermen, that no protest or petitions or
objections Of any kind had been made to
or filed with them or either OF them, in any
way Directing to or protesting against the
issuance Of the Negotiable Bonds OF the
said Town OF Macon hereinbefore de-
scribed; and
Whereas. at the session Of July 4th, 1893,
above mentioned, the Mayor and Board Of
Aldermen did thereup0n proceed to pass
an ordinance known as ordinance No. 80,
covering the proceeding they have had
looking TO the issuance Of said bonds which
said ordinance No. 80 was passed unaGi-
mously, all members elect of the Board OF
Aldermen voting aye and none
voting nay, and the Mayor announcing bis
| approval Of the said ordinance IN open
meeting and appendiug his signature to
1 the original ordinance submitted in writ
| ing previous to ITS passage, and which said
/ ordinance was duly published in the Ma
con Beacon, the official newspaper OF the
/ said town;
Now therefore be it ordained by the May
| or and Board Of Aldermen of the town OF
/ Macon:
See. /. That ordinance No. 50, passed and
/ approved June 9Th, 1899, and ordinance No
49, passed and approved july 4th., 1899, be
and the same are hereby consolidated and
amended so as to read and become effective
and operative IS provided by this ordl-
nance.
Sec. >, That the negotiable bonds of the
town Of Macon he and are hereby issued in
the aggregate sum of Eighteen Thousand
/ (SlS.O00.0Ol Dollars for the purpose OF pro-
ylding funds with which to build and
equip two public school buildings in and
Tor the use Of said town, and purchasing
the necessary real estate Tor the location OF
same, and said bonds shall be dated March
lst. 1900, and shall bear interest at the rate
Of per cent, per annum, payable annually
on March 1T. of each year and the interest
coupons shall be attached representing
each interest payment SAID bonds shall
be issued in the denomination Of one Hun
dred Dollars $4,000 and Five Hundred
Dollars (S500.00) each and numbered from
one up, and so arranged that four bonds
of One Hundred Dollars 100 COZ each aud
one bond Of Five Hundred Dollars, ts500.00)
all aggregating Nine Hundred Dollars,
(s90o.0O) shall become definitely due and
payable without option of prior payment
principal Nine Hundred (S900.0O) Dol
lars, shall become definitely due and
payable, without option OF prior payment.
on each and every succeeding year from
one to twenty years inclusive, so that on
the twentieth year from date all the said
bonds will have been paid, and the prinei-
pal and interest OF said bonds, as the same
natures, shall be payable at the Metropoli-
tan National Bank of Chicago. Ill. Said
bonds shall be signed by the Mayor and
Town Clerk in their official capacities and
the corporate seal of the said town shall be
affixed thereon, but the Mayor and Clerk
are hereby authorized, should they deem
proper, to have their fac-simile signatures
printed or engraved on the interest cou-
pons only, their actual signatures must,
however, be affixed to the principal OF each
OF the bonds as above provided.
Sec. That the proceeds OF the sale OF
the said bonds be and Is hereby appropria.
ted to the express and only purpose of pur.
chasing sites, and erecting thereon two
public school buildings in and for the use
of the said town OF Macon, and no part oil
said sum shall be used for any other pur.
pose.
Sec. 4. That for the purpose Of payir {
the principal and interest on said negotia.
BILE bonds that there be and is hereby lev.
led special and direct tax upon all the
taxable property within the limits of said
towL of Macon OF sufficient amount and
rate which will pay promptly at maturity
Nine Hundred Dollars 5000. 00)ofthe prnci
pal of said bonds and all the interest there
on annually for each anu every year from
one to twenty years. beginning with the
year 1900.
Sec. 3. That this ordinance shall be IL
full force and effect Immediately from and
liter its passage and approval.
Approved February 26th, 1900.
j. o. FASER. Mayor.