Greene County herald. (Leakesville, Miss.) 1898-current, 1909-10-29
BOND ISSUANCE ORDINANCE

BOND ISSUANCE ORDINANCE.
An ordinance proposing to issue bonds for the
amount of seven thousand dollars for the pur-
pose of purchasing school House and School
Grounds for the town OF Leakesvllle, Greene
County. Mississippi
Whereas it is manifest to the Mayor and
Board of Aldermen OF the town of LeakesvElle,
that there is necessity for the purchase Of Q
school house and grounds therefor for the
town of LeaSesville.
Section No
Therefore, be it ordained by the Mayor and
Board of Aldermen OF The iowa of Lcakesy.llc.
That it is the purpose of ths said Mayor and
Board of Aldermen cf said town, TO issue the
bonds of the town of Leakesville 70 the amount
of Seven Thousand Dollars L$7G0,00l or SO
much thereof rs may be necessary for the pur-
pose of purchasing u School House and
grounds for the same for said town Of Leal1es-
vile, That notice OF the said Alayot's and
Board of Aldermen intention to issue sad
bonds to be published in accordance with the
provisions of Sections 34l5, 3fl6, 31i9 and 3lsv
OF the annotated code OF 1lississ ppi 1906. for
the purpose of notifying the tax payers Of The
SAID Mayor and Board of Aldermen Of sa'd
town, so if there be auy opposition to the is
suance of said bonds. it may be presented 10
the NJ yor and Board of Aldermen on or before
the first Tuesday
The Bird Day OF August. 1909
Section No2,
Ordered that the above be published in tao
Greene County Herald. "a WetsIy 4eWspapel
ff,a -, a.
weeks next preceding the First tuesday tns
Bro day of August 1893,
Upon the adoption of each and evefy see
ton of the above ordinance aad us Adoption as
a whole u yea and nay vote Was taken,
Those voJing Yea, all present,
Those voting N2y------
Adopted and approved this 7th day OF July
1909. DAN MCLEOD. May or
A. NJ MCLEOD. Town CIer5,
Seal of Town Leakesvine.l
And whereas twenty per centum
of the adult tax payers OF the town
of Leake5vllle, and the municipal
ity, have not petitioned against
the issuance of SAID bonds and the
said bonds to the amount of Seven
Thousand Dollars, does not exceed
IN value seven per centum Of the
assessed value Of the taxable
property Of the said municipality,
there being at present no OuC-
standing bonds or obligations OF
the municipality.
All of which foregoing premises are
now adjudged and found to be true.
Now therefore,
Section No /.
BE IT ORDAINED, By the may
or and Board of Aldermen Of the
town of Leakesville, that for the
purpose of raising funds for the
purchasing of a School House and
grounds therefor, mentioned ana
defined in the foregoing notice,
the bonds Of the said town Of
Leakesville shall be issued and
sold to the best advantage. for
cash to the amount Of ($llG0.00)
Seven Thousand Dollars, under and
10y virtue of the powers conferred
by sections 3415, 3416, 3419 and
1920 of the Code Of 1905.
Sec. No. 2.
Said bonds shall bear date of
September LIST 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 lithogra ohed 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 LIST day OF Septem-
Der 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 Ore 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 defni ely due
and payable on the 1st day OF
1929, all without OPP
ton 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.
BOND NO /, State OF MISSISSIPPI, $500
Town of LeakesVille
TOWN OF LEAKEsvILLE SCHOOL BONDS.
Know all men by these presents, that IN
town ofLeakesville, in the County of Greene
and State of Mississippi. acknowledges itself
to owe, and for value received hereby prom
Uses to pas to bearer the SIM
of one Hundred Dollars on the LIST day Of SCI
TENDER 1910, with interest thereon at the rata ~
SIX per cent per annum payable ANNUALLY n, :
the LIST day OF September OF each year as evi
denced by interest coupons hereto attachs5
and until the principal sum is paid land the
and interest of this bond shall ~
payable in lawful money of the United StafaS
of America at the American trust and Savf,,t,
Bank Chicago Illinois on presentation 40
and surrender of said bonds AID Interest
coupons as they mature. This bond is one III !.
series OF like date and purpo- numbered from
one to twenty inclusive for one hundred doIlars
-;lch ana from twenty one to thirty lnelnSS1l
for Five Hundred Dollars EACH aggre.rari,,o
the principal sum of Seven Thousand Dollar
5000 90 and is issued by the Mayor and BOAR,
Of Aldermen of the town Of Leakesyille r.,
the purpose of purchasing a school house and
grounds therefor for Une Shutdown OF Lealxes
Vile, under ana Dy virtue OF the provisions OF
code of MISSISSIPPI 1906. sections 34I5, 34l6
34l9 and 1922 and ordinances duly passed ;lur
approved Dy SAID AtyOr and Board OF Alda~