The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1909-01-08

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Hff That Ne said bonds aed coupons thereto
.iwehed -hali Ne substantially IN tie following
fufus foapeetveN " VII
tNrrED STATES 90 AMERICA
stkTr 20 MISSISSIPPI
COUNTY Of JACKSON.
CtTY ~ PAsCkGOuLA.
WATER WORKS BONDS Or 1909
Nu,.... 1900
Know wi men by ,hess presents that the City ~
iascaaona County " Jackson state NJ MissiA
spp Acknowledge itaelf 70 owe and for value
received hereby promise 10 pay 70 bearer The pfin
tcenih day Of Jannnry, A. u .,... with interest
thereon ffom date hereof until paid ~ the rate Of
slS ~ per ccntum per aunnm payable semi.
| ally on the fifteenth day " January and July In
each yer NJ evidenced by and on the presentation
and surrender ~ the attached interest coupons IA
they scvcrally become due, Both principal and
| interest Of this bond are hereby made payable In
| lawful money Of the United States Of America at
| the National Bank Of Commerce In Nav York IL
| the CITY of New York and state Of New York,
| Ana Tor the prompt payment OF this bond NJ ma
tnriS and the interest hereon as u falls due the
full faith credit aud resources Of the said city
| hereby irfcvocably pledged.
This bond IA one Of series Of twenty t20l bonds
| Of like date and tenor except date of maturity
amounting IN the aggregate 20 twelve thousand
dollars Ri2 O0O) issued for the purpose Of raising
money for the construction of water works In said
city, pursuant to and IN strict con formy with the
provisions OF Chapter 90 of the Mississippi Code
OF 1906 and of nm ordinance duly passed NJ legal,
held meeting of the Mayor and BOARD Of Aldermen
of the said city.
And IL Is hereby certified and rccited that til,
| aniu t'itN of pnsCQupulu n lpual mliuiriuul
poration exciting under the laws of the State oil
Mississippi that the present total indebtedness Of
tho said city including this bond, does not exceed
seven "a per ccntum of the assessed valuation o.
all the taxable property therein; that due notice
epted against the .saa nan. 10 Of the s"d bond th
Mayor and Board Of Aldermen of said city dul,
provided for the issuance at q regular meeting
thereof and That the Mayor and Board Of AdsI
levy special annual tax TO be used exclusively II
paying the interest OF this bond and provide
sinking fund for Its redemption at maturity.
And 1t IS hereby certified and recltcd that al
, acts conditions and things required to be don
precedent to and In the issuing Of this bond hav
been properly done, happened and been performe
! In due form and time MS required by the laws an
constitution Of the State OF Mississippi and tina
the total bonded indebtedness of said city, inclut
Ing this bond, does not exceed any constitutions
or statutory limitation thereon.
: And that the proposed purchase, constructio
!, and maintenance OF water works in which the PR
= ceeds II this bond issue will be used was, at a
y election duly called, held and conducted in sal
- city on tn Ord day of November, 1908 by majo
y OF the qualified electors Of the city, duly autl
a oIzed as provided by Section 1880 Of the Revise
Code OF 1906,
u In testimony whereof the said City OF Pascs
n goula has caused this bond to be signed by II
= Mayor md countersigned by its Clerk and I'll
g. seal of the said city to be here affixed and the
!. pons hereto attached to be executed with tho or
" inal or engraved fac smile signatures of the sal
Mac aud HAL Ala Ia lu, SH lam 10,
A. d. 1903
70 .....................".. Mayo
..............,......... CLERK.
D. CORN OF CoUPoN)
~ NO..... $500
:. On the fifteenth day of .,.......,.. d. 10. :.
10 the City OF pascagoula, County of jackson, an
K State OF Mississippi promises to pay to bear,
eighteen dollars 1873 In lawful money of Il
,r United States of America at the National Bank
Commerce in New York in the City of New Yor
and Stata OF New York for interest due on 4
r. Water Works Bonds of zoos dated January 1Stl
A. d. 1905 No..
Is .,..."..."........... Mayo
IN Countcrsigncd
- ."...'.....''....,..,..' .Clerk.
u Sec D. That the said bonds shall be signed b
N the Mayor Of said city and connteysigned by Il
~ City Clerk and the coupons attached to said bono
II shall he executed or engraved fac smile sign
lures Of the said officials and the said officials a.
- hereby ordered and authorized TO 80 execute Y
y said city. After being executed ns herein pr
n. vided the said bonds shall be delivered TO Il
Merchants and Marine Bank, Scranton, Miss'
III sippi, the purchaser thereof on payment by the
"a Of the purchase price thereof and the proceeds
said sale shall be used for no other purpose Thu
VI, the one for which said bonds are issued
,r Sec 4. That there shall be levied and collect,
in each year hereafter until said bonds are paid,
ct special tax, of sufficient rate and amount wi
which 10 pay the interest on the said bonds Al
~ also to provide a sinking fund for the pay mcnt
ms the said bonds as they become due which said I
10 levy md this ordinance providing for the issr
r. shall be and remain irrevocabe 80 long as any
- the said bonds shall remain outstanding and U
" paid
1O Sec. s. That all ordinances or resolutions
!, parts of ordinances or resolutions herctofc
u passed In conflict with the provisions Of this or
10 nance or any portion thereof shall be and a
% hereby repeated
IL See. 0. That there being an urgent public
~. cessy for the water works in and for said cit
therefore, this ordinance shall be IN force from ri
as after It's passage, approval and publication, as
In quircd by law.
~ Unanimously adopted section by section and
he a whole this I'D day of December 19os.
lis c. S. MERiwETHER, Mayor
m NJ. NJ, WATKINS, Clerk.