The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1909-01-13
OFFICIAL PROCEEDINGS OF REGULAR
ADORNED MEETING JAN. 9TH.
A NEW SCHOOL BOND ORDINANCE
ADOPTED.
Several Other items Of Business Disposed
OF at Meeting.

1909, at 7:30 O'Clock p. m. there
were present F.. H. Hoffman, May
or, Chester Byrne, Clerk, and Alder
men Wentworth, Bee, Baggett,
Abrams and Maui.
AN ORDINANCE
Providing for the issue of SIS, 200
school site and building bonds
of the city of Brookhaven, Mis-
sissippi, prescribing the form of
bond and other details Of the is.
sueg
Whereas, by resolution duly
passed on the 9th day of December
A. D., 1908, the Mayor and Board
of Aldermen of the City of Brook
haven, Mississippi, proposed to is
sue bonds of the said city to the
amount of fifteen thousand ($15,-
OOO) dollars, for the purpose of i'm
proving the present school building
of said city and to buy site and
erect an additional school building
thereon, in and to be owned by
said city; and,
Whereas, it was further provided
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 bonds has been
duly published as required by law
and no petition of any kind has
been filed by the adult taxpayers
Of said city against the issuance of
said bonds; therefore,
Be it ordained by the Mayor and
Board of Aldermen Of the City of
Brookhaven, County of Lincoln,
State of Mississippi:
Section 1. That for the purpose
of improving the present school
building owned by said city and to
buy site and erect an additional
school building thereon in and to
be owned by said city, the negotia :
BILE coupon bonds of the said city
shall be issued to the amount of
fifteen thousand ($15, ,000) dollars,
in denominations for one thousand
dollars Isl, ,000); shall be fifteen (15)
in number, numbered from one(1) to
fifteen (15) both inclusive and shall
be known as the school site and
building bonds of 1909," shall be
dated January End, 1909, and shall
become due and payable January
End, 1929.
Said bonds shall bear interest at
the rate of 5 1-2 per centum per
annum, payable semi-annually, on
the second days of January and
July in each year, as evidenced by
interest coupons attached to said
bonds, and both principal and in
terest of the said bonds shall be
payable ii lawful money of the
United States of America, at the
banking house of John Nuveen &
Company, 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 follow
ing forms, respectively, to-wit:
form of Bond)
United States of America, State Of
Mississippi, County of Lincoln,
City of Brookhaven, School Site
and Building Bond of 1909.
No. ST., 900.
Know all men by these presents: !:
That the city of Brookhaven, coun-
ty of Lincoln, State of Mississippi,
acknowledges itself to owe and for
value received hereby promises to
pay to bearer, the principal sum of
81 900 on the second day of Janu-
ary, A. D. 1929, with interest
threon from the date hereof until
paid at the rate of five and one
half per centum Is IL per centum)
per annum, payable semi-an-
nually on the second days of
January and July in each
year as evidenced by and on
the presentation and surrender OF
the attached interest coupons as
they severally become due. Both
principal and interest of this bond
are hereby made payable in lawful
money of the United States Of
America at the banking house of
John Nuveen & Co., in the City Of
Chicago and State of Illinois. And
for the prompt payment of this
bond at maturity, and the interest
thereon as it falls due, the full
faith, credit and resources of the
said city are hereby irrevocably
pledged.
This bond is one Of series OF
fifteen q5) bonds of like date and
tenor amounting in the aggregate
| to fifteen thousand dollars tS15 ,000)
issued for the purpose Of raising
money for improving the present
school building owned by said city
and to buy site and erect an ad.
lditional school building thereon ir
land to be owned by said city. pur.
Isuant to and in strict conformity
with the provisions Of Chapter 49,
mississippi Code Of 1906. and Of an
lordinance duly passed at legally
iheld meeting Of the Mayor ane
Board Of Aldermen OF the said city,
And it is hereby certified and Re.
cited, that the said city Of Brook
haven is q legal municipal corpora.
| tion existing under the laws of Tho
Estate Of Mississippi, that the pres