The commonwealth. (Greenwood, Miss.) 1896-1923, 1906-04-13
ORDINANCE AUTHORIZING
The Issue of Bonds Of the City of
Greenwood. Mississippi.

ANA~A-A fAHS - 80 $3.50 -.
dermen of the City of Greenwood, Mis-
sissippi, have heretofore declared the
~desirability of issuing the bonds OF said
City for the purpose of paying the in
debtedness contracted by said City for
the erection of the City Hall in said
City, and for the purpose of paying the
Indebtedness Of said City contracted in
constructing and erecting the iron
bridge across Pelncia Bayou in said
City, and for the purpose of charging
and building an addition to the white
public school building of said City, and
for the purpose of purchasing and pro-
viding a hose wagon, horses and prop
erly e%quipping a fire department for said
City, aud Tor the purpose OF paying for
the constructing and laying OF street
crossings 10 said City, and have pub
lished a notice, according to law, OF the
intention to issue bonds of said City:
And whereas said notice of intention
was published in the official newspapers
in the City of Greenwood for three
weeks next preceding the Bird day OF
April, 1906, and the Mayor and Board Of
Aldermen of the City of Greenwood,
have found and declared, and do hereby
find and declare, that there was not,
prior to the 3rd day of April, 1906, or
since that date, filed with the City Clerk
any petition by the legal voters of said
City, nor has any protest or objection to
the issuance of said bonds been filed
with the Clerk;
Therefore, Be it Ordained by the
Mayortand Board Of Aldermen of the
City of Greenwood, Mississippi, as fol7
lows:
Section |. That there are hereby di-
rected to be prepared and to be issued
Mississippi, to the amount of Thirty
Thousand 100000 dollars consisting Of
Twenty (20) bonds of One Hundred $500
dollars each and Fifty Six j5G) bonds of
Five Hundred $500 dollars each. which
said bonds shall be dated the first day
of June, A. d. 1906, and One Hundred
! (SlO0) dollars shalt become due and paYa-
| nIe each June LIST, 1907, to 1925, inclusive,
and Twenty eight thousand (S2S 900
/ shall become due and payable on the
first day of May, A. D. 1926. Said bonds
shall bear interest at the rate of Five
% Per Centum per annuu, payable an
nualIy, both principal and interest pay
able at the City Tr~easurer's Office in the
CITY of Greenwood and State Of Missis-
sippi.
Section II. The bonds hereby auth
orized shall be in substantially the fol-
lowing form:
TNITED STATES OF AMERICA
STATE or MISSISSIPPI
CITY or GREENWOOD
NO IMPROVEMENT BOND )
Know All Men By These Presents,
That the City of Greenwood, in the State
of Mississippi, acknowledges to owe and
for value received, hereby promises to
pay to ...-- .-..-.....- ~. "-'
or bearer
Dollars, Is }, lawful money of the
UNITED STATES OF AMERICA, on the first
day of June A. D. 10 with interest
thereon from the date hereof at the rate
of Five (5l Per Centum per AMMAN, pay
able annually on presentation and sur
render of the annexed interest coupons
as they severally become due.
Both principal and interest OF this
bond are hereby made payable at the
CITY Treasurer's Office, in the City Of
Greenwood, State of Mississippi, and for
the prompt payment of this bond, and
the interest thereon, the full faith.
credit and resources of the City OF
Greenwood, are hereby irreyocabIy
pledged. ,,
This bond is one of a series Of like
tenor, ~aggregating the sum OF Thirty
thousand (S30,000) dollars issued for the
purpose of paying the indebtedness con
tracted by said City, for the erection OF
the City Hall in said City, ano
! for the purpose Of paying the
\ indebtedness of the said City
contracted in constructing and erecting
the iron bridge across Pelucia Bayou IL
said City, and for the purpose Of enlarg
J ing and building an addition to thf
white public school building Of sale
| CITY, and for the purpose of purchasing
and providing a hose wagon, horses, ant
properly equipping a fire department
for said City, and for the purpose o
having for the construction and laylnt
of street crossings in said City, unde.
the authority of Sections 30l4 to 3Oll
inclusive, of the Code of Mississippi
1897, and of an ordinance duly passed b,
| the MAYOR and Board Of Aldermen o
said City.
And it is hereby certified and recite'
that all acts, conditions and things re
| CURED to be done precedent to and !
! the issuing of this bond have been done
| happe, ed and been performed in regu
lar and due form as required by Law
: and that the total Indebtedness of sat
!, CITY of Greenwood, including this bono
does not exceed the statutory or constI
i tutional limitations.
In Testimony Whereof, the Mayor an
Board of Aldermen of the City of Greer
II wood, Mississippi, have caused thl
bond to be signed by the Mayor, an
countersigned by the City Clerk, wit
. the corporate seal hereto affixed, an
the interest coupons hereto annexed
be executed with the fac smile sIgni
lures of said officers, this first day {
June, A. d. 1905.