The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1906-11-17
ORDINANCE NO. 1s.-NEw SERIES.

gular meeting, as follows:
RESOLUTION FOR PROPOSED BOND ISSUE
The following resolution was introduced b.
Alderman Favre and seconded by Alderman
Fabre and adopted by the following vote towit
Aldermen Adam, Favre and Fabre voting yea
and no one voting "nay".
Whereas it is manifest to the Mayor and Boarc
OF Aldermen of the City of Bay St. Louis, Han
cock County, Mississippi that there exists al
immediate necessity for the enlargement anC
| improvement of the white public school buildinl
in and for the said city, and for the purchase O.
| a building and land therefor and the improve
ment thereof for the public school of the col
| ored population of the said city, and it further
appearing that it will be necessary to issue the
bonds Of the said city for said purpose, therefore
! be it resolved that:
1t is the purpose of the Board of Mayor ant
Aldermen of the City of Bay St Louis, Mssis
sippi, to issue the bonds of the said city of Bay
| St Louis to the amount of Five Thousand Dol
| lars (S5,00O.00), or so much thereof as may bt
| necessary for the purpose OF enlargiHg and i'm
| proving the public school building for the white
children of the said city of Bay ST. Louis, anc
! for the purpose of purchasing a building anC
! land therefor and the improvement of said build
| ing for the colOred children of said city of Bay
St. Louis; that said bonds shall bear rate OF
| interest not exceeding per cent per annum anC
shall mature not later than ten years from the
I date Of said bones.
Resolved, second, that: Notice Of the purpose
| of the Mayor and Board Of Aldermen of said
city to issue said bonds shall be given TO the tax
| payers of aid city by publishing these resolu-
| tons in the Sea Coast Echo, a weekly news
|
| next preceding the regular meeting of the Board
| of Mayor and Aldermen Of said city, to be held
| in the city nall on the first Saturday in Novem
| Der, 1906, in accordance with the provisions OF
| the charter Of the said town, so that if there
be any opposition Of the taxpayers to the issu-
ance thereof it may be presented to the Mayor
| and Board of Aldermen Of said city, as provided
by the charter, on or before the first Saturday
in November, being the third day of November,
A. D. 1906
And whereas said resolution for proposed bond
1DV hliShp6 n he
a weekly newspaper published in the city of Bay
St Louis and having general circulation there
in, being the official Journal for three weeks next
preceding this date as provided by the charter of
said town as will fully and at large appear by re
ference to the proof of publication cf said notice
on file with the records and archives OF said CITY,
And whereas three weeks have elapsed since
the date Of said publication Of said notice of the
intention and purpose to issue bonds for the pur-
building for the white children Of the city Of Bay
St. Louis, and for the purpose Of purchasing a
building and land therefor and the Improvement
of said building for public school for the color
ed children Of said city Of Bay st. Louis, and no
petition or protest signed by one or more of the
adult taxpayers of said city of Bay st. Louis
protesting against the issuance of said bonds has
been presented to this board, or filed with the
clerk, therefore:
Be it ordained by the Board of Mayor and AL
dermen of the city Of Bay St Louis:
Section /. That Four Thousand Dollars of
bonds Of said city be issued as follows:
Sec. 2. The said bonds shall be issued in de-
nominations of One Hundred Dollars each, num-
bered from one to forty, dated at Bay ST. Louis
Mississippi, and bearing interest at the rate of
nYe per cent per annum payable annually on the
first day OF December of each year upon presen-
tatlon OF the interest coupons. The said bonds
shall mature ten years after date, but they shall
contain stipulation providing that the CITY of
Bay st. Louis may at its option call in, pay off
and cancel the whole or any part of said issue at
any time after the expiration Of five years from
date of ISSUE Said bonds shall be issued on, and
bear date of December l. 1906, shall be signed by
Dd
porate seal OF said city affixed; and shall not be
sold for le S than par, and in case any Of said
bonds shall be sold after December 1st 1906 they
shall not be sold for less than par and accrued
interest to the date of sale.
Sec. g. Be it further ordained that the proceeds
Of the sale sales of bonds shall be used and ap-
piled for the enlarging and improving the public
school building for the white children of the city
Of Bay St. Louis, and purchasing of a public
school building and land therefor and the i'm
of the building for the coored children
Of the city of Bay ST. Louis.
Sec. 4, Be it further ordained that it shall be
the duty Of the Mayor and the City Secretary to
procure said bonds to be engraved and said bonds
shall be in the following words and figures, to-
wit
No. State of (seal of State) Mississippi $4,000
County of Hancock, Municipal Bond.
1906 1916
For improving public school building for white
children and buying building and land and i'm
thereof for public school building for
colored children Of Bay St. Louis Herewith.
Know All Men By These Presents:
That the City of Bay st. Louis, in the county
Of Hancock, tn the State Of Mississippi, acknoW-
ledges itself to owe and for value received here
by promises to pay to the bearer the sum OF One
Hundred Dollars in currency of the United
States OF America at the office of the City Treas
urer, of said city on the first day Of December
A D. 1906, with interest thereon at the rate Of
five per cent per annum, payable annuallyi in cur
rency of the United States, on the first day Of
December of each year, at the office of said City
Treasurer, as evidenced by and upon presenta-
ton and surrender of the annexed interest cou-
1G h1W pnG
hereby certified and recited that all acts condi
tons and things required to be done, precedent !
to and In the issuing of said bonds have been
properly done, happened and performed in regu-
lar and due form as required by the laws of the
State of Mississippi.
The said city of Bay st. Louis hereby reserves
the right, at its option, to call in paw off and can
eel this bond On the first day of December A. ID.
1911, or the first day of December of any year
thereafter
This bond is one of series of like tenor, date
and amount, numbered from one to forty incu-
sive, and is issued under an amendment to the
charter of the city of Bay st. Louis, approved
the Ilth day of June A. d. 1902, under and by
virtue of compliance by said city of Bay ST
Louis, with the terms of Sec. 3039 Of the Annotat
ed Code OF Mississippi Of 1892, and by virtue of
an ordinance Of the said city of Bay st. Louis,
entitled: An Ordinance providing for the issu-
ance of Four Thousand Dollars of bonds of the
City of Bay st. Louis for the purpose Of enIarg-
ing and improving the public school building for
the white children, and for the purpose of pur-
anu 1duu ana the Improvement
thereof TOR public school for the coIored chill
dren Of the City of Bay ST. Louis for the city Of
Bay ST Louis, adopted and passed by the Board
of Mayor and Aldermen, November ), 1906, and
approved by the Mayor the same day.
In testimony whereof the said City of Bay ST.
Louis has caused this bond to be signed by its
Mayor and City Secretary and countersigned by
the City Treasurer and its corporate seal affixed
thereto, this the first day Of December A. d.
1906. .....,........,,.....,,,.. Mayor
ClIy secretary.
Countersigned
and each bond shall have attached ten coupons,
in the following words and figures, to-wit;
$500 On the first day of December A. D.
1907, the City Of Bav st. Louis, Hancock County,
Mississippi, VIII pay the bearer at the office of
the City Treasurer of said City Five Dollars in
upon the municipal bond for One Hundred Dol.
lars, dated December Ist 1906, and numbered
.......-..., =. city Treasurer,
Four additional coupons for 1908, 1909 and 1910
and 1911 shall be same as above with the proper
change for the proper years
$500 On the first day of December. 4. D.
1912, the City of Bay st. Louis, Hancock County.
Mississippi, will pay the bearer at the office Of
the City Treasurer Of said City Five Dollars In
U. S. currency, being interest then due upon the
municipal bond for One Hundred Dollars, dated
December 1st, 1906, and numbered ............
unless said bond shall have been called in, paid
OF and cancelled on December 1st previous to
the date OF the maturity of this coupon.
City Treasurer
Four additional coupons for 1918, 1914, 1915 and
1910 snail oe same as last above with the proper
change for the proper years.
Sec. 5. Be it furter ordained that this ordi
nance be In force and take effect from and after
its passage.
The ordinance above was read in open meet
ing, as required by the charter Of the City of
n on n1a Ill