The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1908-05-16
THE CITY COUNCIL.
OFFICIAL PROCEEDINGS OF REGULAR
ADJOURNED MEETING, MAY II.
Ordinance Adopted for the Issuance Of
$4,000 in Water and Light
Bonds.

| At this, a regular adjourned
meeting of the Mayor and Board
of Aldermen of the city of Brook
haven, Miss, held in the Mayors
Office this, the 14th day of May,
1908, at s O'Clock p. M, there
we're present Mayor Lanier,
| Clerk Hamilton, Aldermen Jones,
Abrams, Wentworth, Hartman
and Baggett.
| In the matter of. the contract of
1.-THE city with ]. W. Cassidy to
defend the city in the three suits
now pending against it in the
| Circuit Court; 1t is ordered that
the sum of $500 be paid to him
cash and that a warrant be draw n
on the Revenue Fund for the said
amount, and that the remaining
$500 be paid as follows: 500 as
each case is disposed of in the
Circuit Court. and at such time
warrants to be likewise drawn up
on said Revenue Fund.
i Alderman Baggett voted nay as
to the cash payment.
! An ordinance providing for the
| issue of $4,000 waterworks and
| electric light bonds of the. city
| of Brookhaven, Miss. prescrib-
ing the form of bond and other
| details of the issue.
| Whereas, by resolution duly
passed on the Goth day of April,
1908, the Mayor and Board of AL
dermen of the city of Brookhaven,
1 Miss, proposed to issue bonds of
the said city to the amount of fif
teen thouand dollars ($15,Q00) for
the purpose of making improve
ments to the water works and
electric light systems of said city !;
and,
j Whereas, it was further provid- :
ed in said resolution that notice
of the proposal to issue the said
bonds be published as required by
law; and, Whereas, notice of the
proposal to issue the said ponds
has been duly published as requir-
ed by law and no petition of any
kind has been filed by the adult
taxpayers of saidscity against the
issuance of said bonds; therefore,
i Be it ordained by the Mayor
land Board Of Aldermen of the
lefty of Rrookhayen, county of
Lincoln, State of Mississippi:
| Section /. That for the purpose
of making improvements to the
waterworks and electric light
systems in and for said city, the
negotiable coupon bond of the
said city shall be issued to the
amount of fifteen thousand dollars
| ($15, ,000) in denominations of one
thousand dollars ($1, ,000); shall be
fifteen (l5) in number, numbered
from one(1 to fifteen (15) both
Inclusive and shall be known as
the "Waterworks and electric
Light Bonds of 190s," shall be
dated May 1, 1908 and shall be-
come due and payable May j,
| 1928.
| Said bonds shall bear interest
at the rate of 6 per centum per
annum, payable eni-annually, on
the first DAYS of November and
| May in each year as evidenced by
Interest coupons attached to said
bonds. and both principal and
interest of the sald bonds shall be
payable in lawful money of the
| United States of Ameri ia, at the
banking house of John Nuveen &
| Co.. in the city of Chicago and
State of Illinois.
| Section 2. That the said bonds
and the coupons thereto attached,
shall be substantially in the fol-
lowing forms, respectively, towit;
j Unites States of America, State
of Mississippi, county Of Lincoln,
city Of RrookhaVen, Water Works
and Electric Light Bond of 1908.
No. -- $1,000.
| Know all men by these presents,
That the city of Rrookhaven,
county of Lincoln, State of Mis-
Isissippi. acknowledges itself to
lowe and for value received hereby
| promises to pay to bearer, the
principal sum of one thousand
dollars ISL ,000) on the first day of
May, AID. 1923, with interest there
Ionfrom date hereof until paid at the
Irate of six co per cent per annum,
PAYABLE semi-annuaIly on the first
Idays of November and May in
each year as evidenced By and on
1.-THE presentation and surrender of
the attached interest coupons as
they severalIy become due. Both
principal and interest of this bond
Iare hereby made payable in law
full money Of the United States
lof America at the banking house
Iof John Nuveen Z Co., in the city
Iof Chicago and State of Illinois.
And for the prompt payment Of
this bond at maturity, and the
Interest hereoR as it falls due, the
full faith, credit and resources Of
the said city are hereby irrevoca-
lbly pledged.
This bond is one of a series of
fifteen I5) bonds of like date and
TENOR amounting In the aggregate
Ito fifteen Thousand dollars ($15,
l000) issued for the purpose Of
raising money for making I'M
provements To the waterworks and
electric light systems in and for
said city pursuant to and in strict
conformity with the provisions Of
/ Chapter SO, Mississippi Code OF
| 1905 and Of an ordinance duly