The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1906-11-24
ORDINANCE NO. 1s.-NHw SERIES.

ID.
proving the public school building for the white
children, and for the purpose of purchasing a
building and land and the improvement there
OF for public school for the colored children
of the city of Bay st. Louis.
Whereas on the 9Th day Of October, 1906, re-
solution was adopted by the Board of OF Mayor az or and
gular meeting, as follows:
RESOLUTION FOR PROPOSED BOND ISSUE.
The following resolution was introduced bv
Alderman Favre aud seconded by Alderman
Fabre and adopted by the following vote, towit:
Aldermen Adam, Favre and Fabre voting yea"
and no one voting may.
Whereas it is manifest to the Mayor and Board
of Aldermen of the City of Bay ST. Louis, Han
cock County, Mississippi, that there exists an
imm ediate necessity for the enlargement and
improvement of the white public school building
In and for the said city and for the purchase OF
building and land therefor and the improve
ment thereof for the public school OF the col
ored population OF the said city, and 1t further
appearing that it will be necessary to issue the
bonds OF the said city for said purpose, therefore
be it resolved that:
It is the purpose of the Board of Mayor and
Aldermen OF the City of Bay st. Louis, Missis-
sippi, to issue the bonds of the said city OF Bay
ST. Louis to the amount of Five Thousand Dol
lars (S5.000O0), or so much thereof as may be
necessary for the purpose Of enlarging and i'm
proving the public school building for the white
children of the said city of Bay St Louis, and
for the purpose of purchasing building and
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 and
shall mature not later than ten years from the
date of said bonds.
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 said city by publishing these resolu-
tons In the Sea Coast Echo, a weekly news
paper published in said city, for three weeks
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
ah0 0rtn Of ntA &hnE 4 thnvO
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. 1905.
And whereas said resolution for proposed bond
issue was duly published in the Sea Coast Echo,
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 CT said notice
on 1le 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
intertion and purpose to issue bonds for the pur-
pose Of enlarging and improving the public school
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 OF 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 1t ordained by the Board of Mayor and AL
dermen of the city of Bay ST. Louis:
Section l. 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
five per cent per annum payable annually on the
first day Of December of each year upon presen-
tation 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
the mayor and city treasurer and have the cor
porate seal of said city affixed; and shah not be
sold for less 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 or sales of bonds shall be used and ap
piled for the enlargtng and improving the public
school building for the white children Of the city
of Bay st. Louis, and purchasing Of public
school building and land therefor and the i'm
proyement OF the building for the colored children
of the city Of Bay St Louis
Sec. A. 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-
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
proyement 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-
by promises to pay to the bearer the sum o. 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 annually in cur
rency Of the United States, on the first day of
Treasurer, as evidenced by and upon presenta-
tion and surrender of the annexed interest cou-
pons as they respectively mature. And it is
hereby certified and recited that all acts condi
tions 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
The said city Of Bay ST. Louis hereby reserves
the right at its option, to call in paw off and can
Gel this bond on the first day of December A. D.
1911, or on 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 inclu-
sive, and is issued under an amendment to the
charter of the city Of Bay St Louis, approved
by the Governor Of the State Of Mississippi on
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 enlarg-
ing and improving the public school building for
the white children, and for the purpose of pur-
chasing building and land and the Improvement
thereof for public school for the colored 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 5, 1905, 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, hes this the first day of December A: D.
1906 ........-........,...,. Mayor.
...................... City Secretary.
Countersigned:
and each bond shall have attached ten coupons,
in the following words and figures, wit:
($5OO) On the first DAY of December, 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 interest then due
upon the municipal bond for One Hundred Dol
lars, dated December 1st, 1906, and numbered
..........., City Treasurer.
Four additional coupons for 1905 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, A d.
1912, the City Of Bay st. Louis, Hancock County
Mississippi, will pay the bearer at the of1ce OF
U, S. currency, being interest then due upon the
municipal bond for One Hundred Dollars, dated
December 1st, 1905, and numbered ............,
unless said bond shall have been called In paid
off and cancelled on December 1st previous to
the date of the maturity of this coupon.
CITY treasurer
1915 shall be same as last above with the proper
change for the proper years.
Sec. s. Be it furter ordained that this ordi-
nance be in force and take effect from and after