The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1906-05-12
AN ORDINANCE.

BONDS TO THE AMOUNT OF iHREE
THOUSAND DOLLARS OF THE Town OF
RosEDALE. MISSISSIPPI.
BE Ir ORDAINED by the Mayor and
Town Council of the Town OF Rosedalc,
Mississippi:
Section, l. That there are Hereby
authorized to be issued six School and
Electric Light Bonds of the Town ot
Rose,lale, OF Five Hundred Dollars
(S5O0.O0 each, dated the first day of
April. 1906. and becoming due twenty
years thereafter. reserving, however. the
option to the Town of Rosedale to pay
said bonds at any time after ten wears
rom their date. Said bonds shall be
signed bv the Mayor and attested by
the Town Clerk under the corporate
seal. Said bonds shall bear interest.
evidenced by coupons, at the rate OF SIX
per centum per annuni, payable aniuaiiv.
and both principal and interest of SAID
bonds shall be made payable at the
Banking House of Royal Trust Com
panv. In the City OF Chicago, State OF
Illinois.
Section 2. Said bonds shall be in sub
stantially the following form:
Mo- $4,000
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI
TOWN OF ROS Il b l.
SCHOOL AND ELECTRIC LIGHT BOND.
KNOW ALL MEN BY THESE PRESENTS.
That the Town OF Rosedale, III the
County of Bolivar, and State Of Missis-
sippi, acknowledges to owe and Tor
value received hereby promises to pay
Il n<NIl
| $500 OO) lawful money of the United
States of America on the first day OF
April, A. D. 1926, with interest thereon
from the date lereo at the rate ot six
per centum per annttil, payable annually
presentation and surrender OF the
annexed interest coupons as they sever
ally become due.
Boil, principal and interest of this
bond are hereby made payable at The
Banking House OF Royal Trust Com
panv. il the City of Chicago, State OF
| Illinois, and for the prompt payment OF
this bond and the interest thereon the
full faith, credit and resources OF said
/ Town OF Rosedale are hereby irrevocably
] pledged.
| This bond is redeemablc at the option
of the Town OF Rosedale at any time
after the first day of April 1916.
This bond is one Of Il series of like
tenor, issued for the purpose Of provisl-
| ing funds for the erection of School
Building and building an Electric Light
system III the Town OF Rosedale. under
the authority OF the Charter OF the
Town OF Rosedalr, as amended, and OF
All Ordinance diilv passed by the Mayor
and Town Council of said town.
And it Is hereby certified and recited
that all acts, conditions and things re-
quired to be done precedeiit to and III
| the issuing of this bond have Eeendo
happened and been performed in regular
and due form, as required bv INV. aud
that the total Indebtedness OF the Town
of Rosedale, including this bond, does
not exceed the statutory or constitu-
tional limitations:
In TESTIMONY WHEREOF the Town
of Rosetlale have caused this bond to he
Signed by the Mayor and attestetl BY the
Town Clerk. and the coupons heret-
attached to be executed with the fac
simile signatures Of said Mayor and
Clerk this first day OF April, 1906.
w. H. FITZGERALD, Mayor.
Attested and Registered:
.. ID. THOMAS. Town Clerk.
COUPON
On the first day of April. 10, the
Town OF Rosedale Mississippi. promises
to pay to hcarer Thirty. Dollars Mt the
Roval Trust Company Bank. in the Cit,
of Chicago. Illinois, tor interest due that
day on it's School and Electric Light
Bond No..
:. W. H. FITZGERALD. Mayor.
Attest:
O. d. THOMAS, Town Clerk
Section 3. The proceeds of said hond'
are hereby set apart and shall be dis
bursed solely for the purpose of paying
for the erection of School Building ono
building nh Electric Light System i'll ant
for said Town OF Rosedale.
Section A. The Mayor and Tow,
| Cotincil Of the Town Of Rosedalc hereb,
| bind themselves and their successors Il
annually in die time. manner and seasol
levy a tax upon all the taxable propert,
in the Town of Rosedale, Sufficient Il
pay the interest Upon sa,d bonds wheI
dne. and to pay the principal thereof a
maturity. ,...
I Section 5. THIS Ordinance shall be i
force from and after its passage an
/, publication.
The above ordinance was unanimousl.
passed in open session on May 18th
1906.
, W. II. FITZGERALD, Mayor.
o. D. Thomas, Town Clerk.