The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1900-04-25
REPORT OF COMMITTEE.
A. E. MoREToN,
(Signedj |. ABRAMS, Com.
w. III. SEAvEY,

NClSutuJ L. y BRAN OOUl.
w. II. SEAvEY,
On motion the report was received
and considered as follows, to-wit.
In the matter of the petition of P. Il.
Jones and others praying for the
extension of the Waterworks system
and enlargement of the Electric
Light Plant by the city:
This cause coming on to be heard on
the petition of Hon. p. Z. Jones and
others for the extension of the Water
works System and enlargement of the
Electric Light Plant by the city of
Brookhaven for the comfort and con-
venience of the inhabitants of the mu-
nicipality, and it appearing to the
Mayor and Board of Aldermen of the
city of Brookhaven that the pres ent
system of Waterworks and Electric
Light Plant is inadequate for the
comfort and convenience of the inhab-
itants of the municipality and that it
is necessary to raise funds with which
to repair, extend and enlarge the sys-
tenn Of Waterworks and Electric Light
Plant by the city for the comfort, con-
venience and health of the inhabitants
of the said city of Brookhaven; and it
further erappearing to theBoard asshown
by the report of the committee of this
Board consisting of Aldermen More
ton, Abrams and Seavey, appointed for
the that purpose at the regular meet,
ing of the Mayor and Board Of Alder
men of the city of Brookhaven on the
3rd day of April, A. d. 1900, that it is
absolutely necessary to repair, extend
and enlarge the Waterworks system
and Electric Light Plant, and that it
will require the sum of Ten Thousand
Dollars in addition to the sum of Forty
five Thousand Dollars heretofore is
sued with which to so repair, extend
and enlarge the said system of Water
works and Electric Light Plant, and
that there are no funds in the city treas
ury with which to do SO; Therefore,
Be it ordained by the Mayor and Board
of Aldermen of the city of Brookhaven,
Mississippi, that the Mayor and Board
of Aldermen, of the city of Brook
haven, Mississippi, may issue the bonds
of said city to an amount not exceed
ing Ten Thousand Dollars in addition
to the sum of Forty five Thousand
Dollars heretofore issued; which said
bonds shall not mature later than
twenty years from the date of their is
suance, and shall bear interest at a
rate not exceeding six per cent. per
annum, payable annually, and such
bonds or any part thereof shall be pay
able 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 One Hundred Dollars or
Five Hundred Dollars each, and they
shall be registered as issued and be
numbered in regular series commenc-
ing with the number next after the
Five Thousand Dollars in bonds here
tofore issued for similar purposes; and
they shall be signed by the Mayor and
impress the municipal seal on each
bond so issued shall specify on it's face
the purpose for which it is issued and
the total amount authorized to be is
sued and each shall be made payable
to person by name (the purchaser)
or bearer.
Be it further ordained by the Mayor
and Board of Aldermen of the city of
Brookhaven, Mississippi, that said
bonds shall be issued by the Board at
the regular meeting of the Mayor and
Board of Aldermen of the city of
Brookhaven, Mississippi, to be held at
the Mayors Office in said city on the
first Tuesday in June, A. ID. 1900, the
same being the 9Th day June, 1900, 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, Mississippi, either at pri-
vate or public sale. They shall be sold
for the highest cash price obtainable ;
provided, however, that none of said
bonds shall be sold at less than their
face value.
Be it further ordained by the Mayor
and Board of Aldermen of the city of
Brookhaven, Mississippi, that this
Board shall publish notice of the pro-
posal to issue the above bonds in THE
BRooKHAvEN LEADER by publishing no.
tice thereof in The LEADER, a news.
paper printed, published and having a
general circulation in this city, which
said notice shall be published in said
newspaper for three weeks preceding
the proposed day of issuance of said
bonds, towit on the first Tuesday, the
9Th day of June, A. ID. 1900.
The foregoing ordinances were first
reduced to writing and were consider
ed by the Board section by section
and a vote taken thereon which re
suited as follows: Ayes, Schnorren
berg, Moreton, Abrams, Willoughby
and Seavey; Nays, none.