Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1900-03-24

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 hereinbeiOre de-
scribed; and
Whereas. at the session Of July lth, 1899,
above mentioned, the Mayor aud Board Of
Aldermen did thereupon 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 unaui-
mously, all members elect of the Board Of
Aldermen voting aye and none
voting nay, and the Mayor announcing his
approval of the said ordinance n open
meeting and appending his signature 10
the original ordinance submitted in writ
ing previous to It's 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:
Sec, /, That ordinance No, SO, passed and
approved June 9th, 1899, and ordnance No
80, passed and approved July 4th., 1890 be
amended so as to read and become effective
and operative as provided Ivy this ordi-
nance.
Sec. 9, That the negotiable bonds Of the
town of Macon be and are hereby issued in
the aggregate sum of Eighteen Thousand
(SlS.000,OO) Dollars for the purpose Of pro-
Yldng 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, Sand bonds shall
be issued in the denomihatlon5of- Hun
| dred Dollars 100000 and Five Hundred
Dollars (S500,00) each and numbered from
one up, and 20 arranged that four bonds
of One Hundred Dollars 400 0Q) each and
one bond OF Five Hundred Dollars, (S500.00)
all aggregating Nine Hundred Dollars,
| (S900.00) shall become definitely due and
payable without option Of prior payment
one wear from date. AMI like sum oil the
principal Nine Hundred 100000 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, 30 that on
the twentieth year from date all the said
bonds will have been paid, and the princi.
| pal and interest OF said bonds. a. the same
natures, shall be payable at the Metropoi-
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. 3 That the proceeds Of the sale Of
the said bonds be and il 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 Of
said sum shall be used for any other pur-
pose.
Sec. 4. That for the purpose OF paylr {
the principal and interest Oh said negotia-
BILE bonds that there be and IL hereby lev
led special and direct tax upon all the
taxable property within the limits Of said
fowl of Macon OF q sufficient amount and
rate which will pay promptly ut maturity
Nine Hundred Dolars( 5000. O0)of the priuci-
pal Of said bonds and all the interest there.
on annually for each and every year from
one to twenty years. beginning with the
year 1900.
Sec. s. That this ordinance shall be in
full force and effect Immediately from and
after its passage and approval
Approved February 26th, 1900.
j. 0. FASER, Mayor,