The leader. [volume] (Brookhaven, Miss.) 1895-1905, 1902-03-12

hhNth W ioout Nit OOhho VI thE wy vi
Brookhaven to the amount of Three
Thousand Five Hundred Dollars ts3,-
10000 for the enlargement, repairing,
remodelling and furnishing to com
pletion the Public School Building as
situated on Block O in the City of
Brookhaven by an ordinance of the
Mayor and Board of Aldermen of the
City of Brookhaven, passed and
adopted at a regular meeting thereof
held at the Mayors office in said city
on the First Tuesday in February, the
same being the 4th day of said month,
at 7:30 o'clock, p. NJ. as shown on Ordi-
nance Book No. /, and it appearing 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 said Ordinance this board have
published notice of the proposal to
issue said bonds of Three Thousand
Five Hundred Dollars in the Leader,
a newspaper printed and published in
the municipality and having general
circulation therein, for three weeks
next proceeding this Ordinance, and
it appearing further to this board that
within that time twenty per centum of
the adult tax payers of the munich
pality have not petite ned against the
issuance of the bonds aforesaid for the
said sum of Thirty five Hundred Dol
lars, 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, Mississippi, for
the purpose of raising money for the
enlargement, repairing, remodelling
equipping and furnishing to COM
pletion the Public School Building as
situated on Block g. in the City of
BrookhaveD, the said Mayor and Board
of Aldermen of the City of Brook
haven, Mississippi, doth issue bonds of
the City of Brookhaven in accordance
with said Ordinance aforesaid in the
sum of Thirty five Hundred Dollars
(S3,5O0.OO), which said bonds shall ma
ture not later than twenty years from
the date of their issuance and shall
bear interest at rate not exceeding
D per cent. per annum, payable an
nually at the Western National Bank
of New York, and such bonds, or any
part thereof, shall be payable after
five years from the date of their issu-
ance 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 Five
Hundred Dollars each, and they shall
be registered and, as issued, be num-
bered in a regular series from and in
Guiding % upwards.
Be it further ordained by the Mayor
I 80 I l,,N \, -, 4
shall be signed by the Mayor and
countersigued by the clerk of the
board who shall impress the municipal
seal on each bond as it is issued and
every such bond shall specify on it's
face the purpose for which it was
issued and the total amount author
lied, to-wit, Three Thousand Five
Hundred Dollars fS3,5O00O), and each
bond shall be made payable to person
by name of the purchaser, and the
purchasers name shall be followed by
the words 'or bearer"
Be it further ordained by the Mayor
and Board of Aldermen of the City of
Brookhaven that W. III. Seavey, City
Clerk, is hereby appointed to have
said bonds printed and Autographed
at the lowest cost obtainable accord
ing to a form prepared by the City
Attorney, E. F. Brennan.
BE it further ordained by the Mayor
and Board of Aldermen of the City of
Brookhaven that said bonds shall be
issued by this boar at the next regu-
lar meeting of the Mayor and Board of
Aldermen of the City of BrookhaveD,
to be held the first Tuesday ip April,
A. d. 1902, 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, either at
private or public sale. They shall be
sold for the highest cash price OBJ
tainable; provided, however, that none
of said bonds shall be sold at less than
it's face value.
Be it further ordained by the Mayor
and Board of Aldermen of the City OF
Brookhaven, Mississippi, that the
3 Bank of Brookhaven, Mississippi be
and hereby is appointed the deposi
tory and fiscal agent of this board for
the safe keeping of all moneys realized
from the sale of said bonds, which
moneys shall only be disbursed and
paid out on allowances and orders OF
/ this board as other moneys are paid
Said fiscal agents is not to receive any
compensation whatever for it's ser
, vices.
The clerk of this board is ordered tc
advertise the sale of said bonds in the
Leader for three weeks.
D All of the foregoing ordinances hav
ing been first reduced to writing and
read in open board and considered
section by section, were, on motion
duly seconded, and unanimously
, adopted by the following vote:
Ayes, Schnorrenburg, Willoughby
and Seavey; Nays, none; Aldermen
, Moreton and Scherck being absent
and not voting.
Be it further ordained by the Mayor
and Board of Aldermen, of the City OF
Brookhaven, that for cause the fore
going ordinances shall take effect and
be in full force at once after their pas
sage.
Ayes, Seavey, WIlloughby and
: Schnorrenburg; Nays. none. Alder
men Moreton and Scherck absent.
SUPT. CULLs MONTHLY REPORT.
Supt. J. d. Gull made his monthly
report for February, 1902, of oils and
fuel on hand on Feb. 18th, 1862, and
also report of wiring houses and other
work on electric line and superintend
ing work on water mains during Feb
ruary, 1902, which was read, filed and
approved by the Board.
COLLECTIONS FOR WATER & LIGHTS.
City Tax Collector E. Mccormick
reported collections for water and
lights for February, 1902, as follows:
Rent collected for lights-----..-.--.SG5 10
- :" Wdtef-----.----. 30 30