The Tupelo journal., 1908-05-08
Notice of Bond Issue of the Separate
School District Of the Town of
Veroua, Mississippi.

OAOuo, NAOoAPPAs
Whereas, it is manifest to the May
or and Board of Aldermen of the town
of Verona, Mss, tnat the present
school building in said town for white
children, which town with adjacent an
neXed territory, constitute a separate
school district, is insufficient to accom-
modate the pupils who attend the same,
and that it is necessary for the best in
terest OF said separate school district
for a new building to be erected in said
town and for said district; and,
Whereas, in order to erect such build
ing as will be commensurate to the
educational needs of said separate dis
trict, to expend the sum of So, 000. 90;
and,
Whereas, the said town and adjacent
annexed territory. as such separate
school district, has no money in it's
treasury to pay for the erection of such
building and purchasing the material
therefor; and,
Whereas, in order to erect and pay
for such building, it will be necessary
for the municipal bonds of said town
and district to be issued in the sum of
So, 600. 90; and,
SO, ilN dSoSooSu NdluC VI IilC
taxable real and personal property in
assessment made and had of said prop
erty, is One Hundred and Fifty Thou
sand Dollars; and,
Whereas, said sum of So, 600. 90, the
bonds proposed to be issued, together
with the school bonds, amounting to
Fourteen Hundred Dollars, heretofore
issued and still outstanding, and being
the only outstanding debt of said town,
will not exceed 7 per centum of the as
sessed value of the taxable property in
said town, it is therefore:
Ordained by the Mayor and Board of
Aldermen of said town of Verona, Mis-
sissippi, that said Mayor and Board of
Aldermen will on the End day of June,
1908, at its regular June meeting, make
an order for the issuance of the munic-
ipal bonds of said town and separate
district, to the amount of So. 600. 90 for
the purpose of erecting a new school
house in said town; and will in said or
der provide for said bonds, together
with the interest coupons thereon, to
be paid as they fall due by a levy of
taxes on all taxable property in the
corporate limits of said town, and also
on all of the taxable property located
in the territory outside of said town,
but inside of the separate school dis
trict of Verona, as at present constitu-
ted. Said bonds will be issued in a Sc
ries Of Twenty (20) bonds, of the par
value of $500. 90 each, to mature one
each year after the date of their issH-
ance for a period of 20 years; each of
said bonds to bear interest at 6 per
cent. payable annually, and each bond
to have n interest coupon attached to
the same for each year that the same
may u before maturity. Said bonds
all to be issued and sold as required
and authorized by Sections 3415, 3416,
3419, 1929 and 5434 of the revised Code
of Mississippi of 1906, and by the act
of the Legislature passed at the session
held in 1908, and approved March II,
1908, and the Clerk of this Board is
hereby ordered to give notice OF this
resolution to the taxpayers of said
town and separate school district tax
payers, for a period of three weeks, by
publication of this order in the Tupelo
Journal, a weekly newspaper published
in the city of Tupelo, and having agen-
eral circulation in the town of Verona,
there being no newspaper published in
Verona, and to give further notice by
posting printed or written notices of
this order in three public places in We
roma for said period,
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,
held at the Mayors office April 18th,
1908.
j. NJ. SAMPLE, Mayor.
S. J. THOMAS, Clerk.