Greene County herald. (Leakesville, Miss.) 1898-current, 1909-08-13

Whereas, on the 7th day of July
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 Leakesoille, and having a gener
al circulation, a notice of the pro-
fposal to issue bonds of said town
in the following words ond figures,
| towit:
BOND ISSUAN ORDINANCE
| An ordinance proposing to issue bonds for
the amount OF seven thousand dollars for the
purpose OF purchasing School House and
school grounds for the town of LeakeSville
Greene County, Mississippi
| Whereas it is manifest to the Mayor and
Board of Aldermen of the town of Leakes-
| Vile that there is necessity for the purchase
| of Il school house and grounds therefor for the
town of Leakesville,
| Section No, |.
! therefore be 1t ordained by the Mayor and
| Board of Aldermen of the town of Leakesville
| That it is the purpose of the said Mayor ana
| Board OF Aldermen OF said town. to issue the
! bonds OF the town of Leakesville to the
| amount of Seven Thousand Dollars, (S7000, COZ
or much there of as may be necessary for
the purpose of purchasing School House and
grounds for the same. for said town of LeakeS-
ville That notice of the said Mayors and
| Board of Aldermen intention to issue said
| bonds be published In accordance with the pro
! visions of Sections 34I5 34:6. 34l9 and 1920 of
the annotated code OF Mississippi 1905 for the
| purpose of notifying the tax payers of the
! town of Leakesville of the proposed action of
said Mayor and Beard of Aldermen of said
| town, so that if there be any opposition to the
! issuance of said bonds. it may be presented to
! the Mayor and Board of Aldermen on or before
/ the first Tuesday,
The Bird Day of August 1909.
Ordered that the above be published in the
| Greene County Herald, weekly newspaper
published in the town of Leakesville for three
| weeks next preceding the First Tuesday the
the Bird, day OF August 1909.
! Upon the adoption of each and every section
of the above ordinance and its adoption as n
whole yea and nay vote was taken.
Those voting Yea, all present
Those voting Nay-----
Adopted and approved this 18th day of July
1909.
DAN MCLEOD, Mayor
! A, NJ, MCLEOD Town Clerk.
Seal Town of Leakesville.l
And whereas twenty per eentum
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 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. for
cash to the amount of ($7000.0O)
Seven Thousand Dollars, under and
by virtue of the powers conferred
by sections 3415, 3416, 3419 and
1920 of the Code Of 1906.
Sec. 2.
Said bonds shall bear date of
September 1st 1909 and shall run
through series of twenty years
from the date of their issuance and
shall bear interest coupons, which
shall be payable on the LIST day of
September of each and every year,
and said bonds shall be known and
designated as 1.-The town of Leakes-
vile School Bonds" Said bonds
shall be Autographed 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
LIST day of March 1911, and so on in
numerical order, one bond of the
denomination of One Hundred Dol
lors, 800, shall mature at the end
of each and every year form 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 LIST day of
September 1929, all without OPP
tion or right to earlier or previous
payment, the matureties of said
bonds being hereby fixed as abso-
lutely definite and positive,
Sec, 8.
That the said bonds shall be ex-
ecuted and issued in the following
form, except as to denomination,
maturity etc,
{ United States of America.
BOND NO L. State of Mississippi 7 300
Town of Leakesville. }
| TOWN OF LEAKESVILLE SCHOOL BONDS
Know all men by these presents. that the
town OF Leakesville, in the County of Greene
and State of Missi :ppi, acknowledges itself
to owe, and for value received hereby promises
OF One Hundred Dollars on The LIST day o.
SepteIn Der 1870 with interest thereon at the
rate ofSix per cent per annum payable annu2tiy
on tie lst day OF September of each year,as evl-
| denced Dy interest coupons hereto attached
and until the principal sum IS paid; and the
| principal and interest OF this bond shall be
| payable in lawful money of the United States
of America at the Office of the Treasurer OF
said town on presentation and surrender OF
said bonds and interest coupons as they ma