The Tupelo journal., 1907-09-27
An Ordinance

An Ordinance declaring the intention
of the Mayor and Board of Aldermen OF
the town of Verona, to issue the MUM.
clpal bonds of said town in the sum OF
So, 900. 90 for the purpose of erecting a
public school building in said town.
Whereas, it is manifest to the Mayor
and Board of Aldermen of the town OF
Verona, that it is necessary for the
best interest of said town, for a new
public school building to be erected in
said town, and;
Whereas, in order to erect such build
ing as will be commensurate to the
educational needs of said town, to ex-
pend the sum of So, COO. 90, and;
Whereas, said town has no O in
its treasury to pay for the erection of
said building, and the purchasing of
material therefor, and;
Whereas, in order to erect and pay
for said building, it will be necessary
for the Municipal bonds of said town to
be issued in the sum of So, 600. 90, and;
Whereas, the assessed value of the
taxable real and personal property in
said town, for the year 1906, the last
assessment made and had of said prop
erty is $137, 1872. 90, and;
Whereas, said sum of So, 900 of the
bonds proposed to be issued together
with the school bonds, amounting to
81, 400 90 heretofore issued and still
outstanding, and being the only out
standing debt of said town. will not ex-
coed Z per centum of the assessed value
OF the taxable property in said town, it
is therefore:
Ordained by the Mayor and Board or
Aldermen of said town of Verona, that
said Mayor and Board of Aldermen,
will on the. 1st day of October 1907, at
its regular September meeting, make
an order for the issuance of the NUM-
cipal bonds of the said town for the
purpose of erecting and paying for a
public school building in the sum of
SO, 900, to be issued in a series of twenty
(20) bonds, OF the par value of $4OG. 90
each, to mature one, each year after
the date of their issuance for twenty
years, each Of said bonds to bear inter
est at 8 per cent, payable annually, and
each bond to have one interest coupon
attached to same, for each year that
the same my run before maturity, said
bonds all to be issued and SOLD as re-
CURED and authorized by Sections 3415-
34l6-3419-3420 and 1884 of the revised
Ooueol MlSSiooipplOl lJOO, anu the CIeFk
of this Board is hereby ordered to give
notice of this resolution to the tax-pay-
ers of said town, for a period of three
weeks, bypublicationin the Tupelo Jour-
nal, a weekly newspaper published in the
City of Tupelo, Lee county. Mississippi,
and having a general circulation in the
town of Verona, there being no news
paper published in the town of Verona.
And, that said Clerk is required to give
further notice, by posting printed or
written copies of this Order in three or
more public places in the town of Ver-
n for said period Of three weeks.
The above ordinance was reduced to
writing, read over and considered by
Sections at a public adjourned meeting
of said Mayor and board of Aldermen
at the town hall in Verona, on this the
10th day of August, 1907, and was voted
on by a yea and nay vote, there being
present the Mayor and all five of the
Aldermen of said town, and each of
the Aldermen voted Yea.
M SAMPLE, Mayor
j THOMAS. Clerk.