The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1909-01-15


esi Of the said bonds shall be payable 10 lawful
money Of the United States o. America at the
National Bank Of Commerce In New York in the
City Of Now York and State Of New York.
Soc q That the said bonds aud coupons thereto
attached shall be substantially In the following
forms respectively 10 wit
UNITED STATES or AMERICA
STATE OF MISSISSIPPI.
COUNTY or JACKSON,
CITY OF PASCAGOULA,
WATER WORKS BONDS or 1905
NO.,... 5000
Know all men by these presents that the City Of
Pascagoua, County Of jackson, State Of Missis.
| sppi, acknowledges itself to owe and for value
received hereby promise 10 pay to bearer, the prin
cpal sum Of six hundred dollars $4,000 on the Af.
teenih day of January, A. ID with interest
thereon from date hereof until paid the rate Of
SIX t0l per ccntnm per annum, payable semi annu.
ally on the fifteenth day Of January and July In
each yer as evidenced by and the presentation
and surrender Of the attached interest coupons as
they severnlly become due. Both principal and
interest of this bond are her.by made payable in
lawful money of the United States of America at
the National Bank Of Commerce In New York in
| the CITY Of New York and state of New York,
And for the prompt payment OF this bond at ma
turify and the interest hereon as 1t falls due the
inll faith credit and resources Of the said city
hereby irreyocably pledged
| This bond is ono of series of twenty t20) bonds
| OF like date and tenor except date of maturity
| amounting In the aggregate 70 twelve thousand
dollars g*12,00o) issued for the purpose Of raising
money for the construction Of water works in enid
city, pursuant to and in strict conformity with the
| provisions OF Chapter 90 of the Mississippi Code
OF lvoo and OF an ordinance duly passed at legally
held meeting of the Mayor and Board of Aldermen
of the said city
| And II is hereby certified and recited, that the
said City Of Pascagoula is a legal municipal cor.
porntion existing under the laws Of the State Of
Mississippi, that the present total Indebtedness of
the said city including this bond, does not exceed
seven ~ per centum of the assessed valuation OF
al the taxable property therein that due notice
as required by law, that no petition being pre-
scented against the issuance of the said bond the
Mayor and Board Of Aldermen Of said city duly
provided for the issuance at regular meeting
thereof, and that the Mayor and Board of Aldsr
men will each year, at the time provided by law
levy special annual tax to be used exclusively In
paying the interest OF this bond and provide q
sinking fund for Its redemption at maturity.
And 1t is hereby certified and recitod that all
acts conditions aud things required to be done
precedent to and in the issuing Of this bond have
:, been propeiy done, happened and been performed
IN due form and time MS required by the laws and
constitution Of tho State Of Mississippi and ,ha,
the total bonded indebtedness Of said city, inolud
ing this bond does not exceed any constitutions
or statutory limitation thereon.
And that the proposed purchase, construction
and maintenance of water works in which the pro
\, cecds Il this bond issue will be used, was at al
election duly called, held and conducted in sait
. city on til 3rd day Of November 1905 by major
ity Of the qualified electors Of the city, duly auth
orized as provided by Section 1880 Of the Revised
Code OF 1900
goula has caused this bond TO be signed by II,
n Mayor ard couptersgned by its Clerk and tn,
seal of the said city to be here affixed and the cou
4 pons hereto attached to BIZ executed with the orig
inal or engraved fac smile signatures of the sale
l. Mayor and Clerk, this fifteenth day of January
;, A. ID. 1909.
..'s''....''..'...'. ..'Clerk.
ToRM OF CouPoN1
o N0..... $500
II On the fifteenth day of ,.......... A u. 49,.
the City Of pascagoula, County of Jackson ant
eighteen dollars Sis, in lawful money Of '' tn
United States of America at the National Bank o
# Commerce in New York in the City of New Yorl
aud State of New York for interest due on IT.
g Water Works Bonds of 1908, dated january 18th
% A. u. 1909, No..
o Countersigned
:, ......,................ ..Clerk.
Sec 3. That the said bonds shall be signed b,
the Mayor Of said city and countcrsianed by tn
- City Clerk and the coupons attached to said bond
" lures Of the said officials and the said officials ar
= hereby ordered and authorized to so execute tn
J. said bonds aud coupons for and in behalf Of tn
s Sc .a g.ha Sc IL 70 Pc
Il Merchants and Marine Bank, Scranton, Missii
sippi the purchaser thereof ON pa, mcnt by ther
OF the purchase pf1ce Thereon, anu the proceeds
:, said sale shall be used for other purpose tina
W the one for which said bonds are issued.
le Sec, T. That there shall be levied and collecte
II in each year hereafter until said bonds paid,
"a special tax, Of sufficient rate and amount wit
y" which to pay the interest on the said bonds on
also TO provide n sinking fund for the pay ment
the laid bonds as they become due, which said ia
levy and ihis ordinance providing for the issu
shall be and remain irrevocahle so long any
the said bonds shall remain outstanding and u
paid.
Is Sec s. That all ordinances or resolutions
!, parts OF ordinances or resolutions herctpfo
u passed In conflict with the provisions Of this ore
nance or any portion thereof, shall be and a
!, hereby repeated.
u See O. That there being mn urgent public n
RS cessity for the water works In and for said cit
therefore this ordinance shall be In force from
nr after its passage approval and publication as
"a quired by law
Unanimously adopted section by section and
e. whole this Sd day OF December, l9's.
ed c. S. MERiwErHER, Mayor.
A. Nm. WATKINS. Clerk.
= ncr "a lOls Al