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

expiration of hye years from date OF is
sue. Said bonds shall be issued on, and
bear date of, December tst, 1906; shall
be signed by the mayor and city treas
urer and have the corporate seal of said
city affixed; and shall not be sold for
less than par. In case any of said
bonds shall be sold after December ist,
1905, they shall not be sold for less than
par and accrued interest to the date of
sale.
Sec. 3. Be it further ordained that
the proceeds of the sale or sales of said
bonds shall be used and applied for the
enlarging and improving the public
school building for the white children of
the city of Bay st. Louis, and for the
purchasing of public school building
and land therefor and the improvement
of the building for the colored 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. $4,000
State of (seal of State) Mississippi,
City of Bay st. Louis,
County of Hancock,
MUNICIPAL BOND.
1905. 1916.
For improving public school building
for white children and buying building
and land and Improvement thereof for
public school building for colored chill
dren of Bay ST. Louis Herewith.
Know all men by these presents:
That the city of Bay st. Louis, in the
county of Hancock, in the State of Mis-
sissippi, acknowledge itself to owe and
for value received hereby promises to
pay to the bearer the sum of One Hun
dred Dollars, in currency of the United
States of America, at the office of the
city treasurer of said city, on the first
day of December, A. d. 1906. with in
terest thereon at the rate of five per
cent per annum, payable annually in
currency of the United States, on the
first day OF December of each year, at
the office of said city treasurer, as evil
denced by, and upon presentation and
surrender of, the annexed interest cou-
pons, as they respectively mature. And
it is hereby certified and recited that
all acts, conditions and things re-
quired to be done precedent to, and in,
the issuing of said bonds have been
done, happened and performed
in regular and due form, as required by
the laws of the State of Mississippi.
The said city ofBay ST. Louis reserves
the right, at its option, to call in, pay
off, and cancel, this bond on the first day
of December A. d. 19lt, or on the first
day of December of any year thereafter.
This bond is one of a series OF like
tenor, date and amount, numbered from
one to forty inclusive, and is issued un-
der an amendment TO the charter of the
city of Bay ST. Louis, approved by the
Governor of the State of Mississippi on
the 18th day of January, A. D. 1902,
under, and by virtue of, a compliance
by said city of Bay st. Louis with the
terms of Sec. 3O39 of the Annotated
Code of Mississippi Of 1892, and by vir-
tue of an ordinance of the said city OF
Bay st. Louis, entitled: An Ordinance
providing for the issuance of Four
Thousand Dollars Of bonds of the city
of Bay St. Louis for the purpose OF en-
larging and improving the public school
building for the white children. and for
the purpose of purchasing and building
and the improvement thereof for pub
lie school for the colored children 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 5, 1905, and approved by the
mayor on the same day.
In testimony whereof the said city OF
Bay ST, Louis has caused this bond to
be signed by it's mayor and city secre-
tary and countersigned by the city trea-
surer, and its corporate seal to be at
fixed thereto, this, the first day OF De-
cember, A. D. 1906.
........................,... Mdyoi'
....................,.....Ci City Secretary.
Countersigned:
City Treasurer.
and each bond shall have attached ten
coupons, in the following words and fig
ures, to-wit:
($5.OO.) On the first day OF Decem-
Der, A. D. 1907, 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 United States currency, being inter-
est then due upon the municipal bond
for One Hundred Dollars, dated Decem-
Der tst, 1906, and numbered.
....... City Treasurer.
! Four additional coupons for 1908, 1909
and 1910 and t9tt shall be same as
above, with the proper change for the
proper years.
($5.OO.) On the first day of Decem-
Der, A. D. 1912, the city of Bay st.
Louis, Hancock county, Mississippi,