The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1906-11-10

1906, a resolution was adopted by the
Board of Mayor and Aldermen of the
city of Bay ST. Louis at its regular
meeting, as follows:
RESOLUTION FOR PROPOSED BOND ISSUE
The following resolution was intro
duced by 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 Board of Aldermen of the City OF
Bay st. Louis, Hancock County, Mis-
sissippi, that there exists an immediate
necessity for the enlargement and i'm
provement of the white public school
building in and for the said city, and for
the purchase of a building and land
therefor and the improvement thereof
for the public school of the colored pop
ulation 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 and Aldermen of the city of Bay
ST. Louis. Mississippi, to issue the bonds
of the said city of Bay ST. Louis to the
amount of Five Thousand Dollars
(S50OO.00), or so much thereof as may
be necessary for the purpose of enlarg-
ing and improving the public school
building for the white children of the
said city of Bay st. Louis, and for the
purpose of purchasing a building and
land therefor and the Improvement of
said building for the colored children OF
said city of Bay St. Louis; that said
bonds shall bear rate of interest not
exceeding 5 per cent per annum and
shall mature not later than ten years
from the date of said bonds.
Resolved, second, that: Notice OF the
purpose of the Board of Mayor and AL
dermen of said city to issue said bonds
shall be given to the tax payers of said
city by publishing these resolutions in
The Sea Coast Echo, weekly news
paper published in said city, for three
weeks next preceding the regular meet
ing of the Board of Mayor and Alder
men of said city, to be held in the city
hall on the first Saturday in November,
1905, in accordance with the provisions
of the charter of the said town, so that,
if there be any opposition of the tax
payers to the issuance thereof, it may
be presented to the Board Of Mayor and
Aldermen of said city, as provided by
the charter, on or before the first Satur-
day in November, being the third day o1
November, A. D. 1906.
And whereas said resolution for pro-
posed bond issue was duly published in
The Sea Coast Echo, a weekly news
paper having general circulation
therein, being the official organ, fol
three weeks next preceding this date, al
provided by the charter of said town, a!
will fully and at large appear by refer
ence to the proof of publication of sale
notice on file with the records and arch
ives of said city.
And whereas three weeks have elapsed
since the date of said publication of sale
notice of the intention and purpose t.
issue bonds for the purpose of enlarginf
and improving the public school build
ing for the white children of the city O
Bay ST. Louis, and for the purpose o
purchasing a building and land therefo
and the improvement OF said building
for a public school for the colored chill
| dren of said city of Bay st. Louis; ant
no petition or protest, signed by one O
more of the adult tax payers of said cit,
of Bay st. Louis, protesting against th'
issuance of said bonds, having been pre-
sented to this Board, or filed with tn
clerk, therefore;
Be it ordained by the Board OF Mayo
and Aldermen of the city of Bay st
Louis:
Section l. That Four Thousand Dol
lars OF bonds OF SAID city BE issued, a
follows;
Sec. 2. The said bonds shall be issue,
in denominations of One Hundred Dol
lars each, numbered from enc to forty
dated at Bay st. Louis, Mississippi, an'
bearing interest at the rate of five pc
cent per annum, payable annually o.
the first day of December OF each yea
upon presentation OF the interest cou
pons. The said bonds shall mature tel
years after date, but they shall contain
a stipulation providing that the city o
Bay st. Louis may, at its option, call in
! pay Of, and cancel, the whole or any