Greene County herald., 1909-10-22


1909, the Mayor and Board Of
Aldermen of the town Of Leakes-
vile passed an ordinance appear
ing and hereinafter set forth, and
have published same for full three
weeks next preceding this meeting
in the Greene County Herald, a
newspaper published in the town
of Leakesville, and having a gener
al circulation, a notice of the p-o-
posal to issue bonds Of said town
in the following words and figui
towit:
BOND ISSUANCE ORDINANCE,
An ordinance proposing 10 issue bonds for the
amount of seven thousand dollars for the pur-
pose of purchasing School House and School
Grounds for the town of Leakesviue Greene
County. Mississippi.
Whereas it is manifest to the Mayor and
Board of Aldermen of the town of Leakesygne,
that there is a necessity for the purchase OF &
school house and grounds therefor for the
town of Leakesville,
Section No,
Therefore be it ordained by the Mayor and
Board of Aldermen of the town of Leakesville.
That it is the purpose of the said Mayor and
Board of Aldermen of said town to issue the
bonds oFthe town of Leakesville to the amount
of Seven Thousand Dollars IS700o0Ol or so
much thereof as may be necessary for the pur-
pose of purchasing a School House and
grounds for the same for said town of Leakes-
vile, That notice of the said Mayors and
Board of Aldermen intention to issue said
bonds to be published in accordance with the
provisions of Sections 34l5, 34l6, 34l9 and 1920
of the annotated code of Mississippi 1906 for
the purpose of notifying the tax payers of the
town of Leakesville of the proposed action Of
said Mayor and Board Of Aldermen of SAID
town, so if there be any opposition TO the is
suance of said bonds, it may be presented to
the Mayor and Board of Aldermen on or before
the first Tuesday
The 3rd Day of August 1909
Section No.2
Ordered that the above be published in the
Greene County Herald. o weekly newspaper
published in the Town of Leakesville Tor three
weeks next preceding the First Tuesday the
3rd day OF August 1909
Upon the adoption of each and every sec
tion of the above ordinance and It's adoption as
whole a yea and nay vote was taken,
Those voting ca, all present,
Those voting Nay--
Adopted and approved this 5th Gay OF July
1909 DAN MCLEOD Mayor,
A NJ MCLEOD. Town Clerk.
Seal of Town LeakesvilleI
And whereas twenty per centum
of the adult tax payers Of the town
of Leakesville, and the municipal
ity, have not petitioned against
the issuance of said bonds and the
said bonds to the amount of Seven
Thousand Dollars, does not exceed
in value seven per centum Of the
assessed value Of the taxable
property of the said municipality,
there being at present no Out
standing bonds or obligations of
the municipality.
All of which foregoing premises are
now adjudged and found to be true.
Now therefore,
Section No. l.
BE IT ORDAINED, By the may
or and Board of Aldermen Of the
town of Leakesville, that for the
purpose of raising funds for the
purchasing of a School House and
grounds therefor, mentioned and
defined in the foregoing notice,
the bonds Of the said town OF
Leakesville shall be issued and
sold to the best advantage. lot
cash to the amount of ($7000.U0)
Seven Thousand Dollars, under and
10y virtue Of the powers conferred
by sections 3415, 3416, 3419 and
1920 of the Code of 1906.
Sec. No. 2.
Said bonds shall bear date of
September 1st 1909 and shall run
through a series Of twenty years
from the date Of their issuance and
shall bear interest coupons, which
shall be payable on the 1st day of
September of each and every year,
and said bonds shall be known and
designated as THE town of Leakes-
vile School Bonds" Said bonds
shall be lithographed or engraved
with suitable devices to prevent
counterfeiting and shall be num-
bered from one to thirty inclusive,
and the bonds numbered from one to
twenty inclusive shall be of the de-
nomination of one hundred dollars
($100.00) each and those numbered
twenty-one to thirty inclusive shall
be of the denomination of Five
Hundred, $4,000, each and bond
No. l shall be definitely due and
payable on the 1st day of Septem-
ber 1910, and bond No. 2 shall be
definitely due and payable on the
1st day Of Sept. 1911, and so on in
numerical order, one bond of the
denomination Of One Hundred Dol
lors, 500, shall mature at the end
of each and every year from the
the first to the twentieth year, both
inclusive and all of said bonds
numbered from twenty-one to thir-
ty inclusive, of the denomination
of Five Hundred Dollars, $500,
each, shall become definitely due
and payable on the 1st day Of
1929, all without op-
tion or right to earlier or previous
payment, the matureties of said
bonds being hereby fixed as abso
lutely definite and positive,
Sec, No. 8.
That the said bonds shall be ex-
ecuted and issued in the following
form, except as to denomination
etc,
United States OF America,
Bo.;D NO. l, State of Mississippi $50
Town of Leakesville.
TOWN OF LEAKESYILLE SCHOOL BONDS
Know all men by these presents that tn.
town ofLeakesville, in the County OF Greene
and State of Mississippi. acknowledges itself
to owe and for value received hereby prom
iSeS to pay tO------------o bearer the SIM,
of One Hundred Dollars on the lSt dar ,,s . -