Greene County herald. (Leakesville, Miss.) 1898-current, 1909-11-26

Aldermen OF the town or 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 Leakesville, and having a gener
al circulation, a notice Of the pro-
posal to issue bonds of said town
in the following words and figures,
towit:
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 Leakesville, Greene
County Mississippi.
Whereas it is manifest to the Mayor and
Board of Aldermen of the town of Leakesvllle,
that there is a necessity for the purchase OF L
school house and grounds therefor for the
town OF Leakesville,
Section No.
Board of Aldermen of the town OF Leakesyille,
That it is the purpose OF the said Mayor and
Board OF Aldermen of ssid town. to issue the
bonds OF the town OF Leakesville to the amount
Of Seven Thousand Dollars ls70O0O0l or so
much thereof AS may be necessary for the pur-
pose of purchasing School House and
grounds for the same for said town OF Leakes-
vile. That notice of the said Mayors and
Board of Aldermen intention TO issue said
bonds to be published in accordance with the
provisions OF Sections 54l5 3il6 34l9 and 1920
| of the annotated code of Mississippi 1906 for
the purpose OF notifying the tax payers Of the
town OF Leakesville Of the proposed action of
Sa ID Mayor and Board of Aldermen of said
town so If there be any opposition to the is
Suance Uf said bonds IL may be presented to
| the Mayor and Board of Aldermen on or before
! The first Thursday
The Bird Day OF August. 1909
| Section No.
Ordered that the above be published in tAe
! Greene County Herald. n weekly newspaper
! pub ished i'll the Town of LcakeSvIlle fer three
weeks next preceding the First Tuesday the
/ 3r6 day of August 1919.
Upon the adoption OF each and every sec
! tion of the above ordinance and its adoption a.
| "a whole a yea and nay vote was taken,
Those voting Y ca all present.
THOSE voting My
Adopted and approved this 9TH day Of July
y. NJ Mcleod Town Clerk
Seal of flown Leakesvillel
And whereas twenty per centum
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 adjudgcd and found to be true.
Now therefore,
Section No. /.
BE 1T 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 If the said town OF
Leakesville shall be issued and
sold to the best advantage. fol
cash to the amount of ($7000.00)
| Seven Thousand Dollars, under anC
by virtue of the powers conferred
by sections 34l5, 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 anC
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 anC
designated as "The town of Leakes
. vile School Bonds. =" Said bonds
shall be lithogra 9hed or engraved
with suitable devices to proven
counterfeiting and shall be mum
bered from one to thirty inclusive
and the bonds numbered from one t
twenty inclusive shall be Of the &c
nomination of one hundred dollar
100000 each and those numbers
, twenty-one to thirty inclusive shall
, be of the denomination of Fiv
, Hundred, $4,000, each and bone
, No. l shall be definitely due an,
payable on the 1st day of Septem
, Der 1910, and bond No. shall b
! definitely due and payable on tn
LIST day of Sept. 1911, and so on il
numerical order, one bond of tn
5 denomination of One Hundred Dol
5 lors, 500, shall mature at the en-,
: of each and every year from tn,
t the first to the twentieth year, bot
inclusive and all Of said bond
numbered from twenty-one to thir
ty inclusive, Of the denomination
of Five Hundred Dollars, $500
each, shall become definitely du
and payable on the 1st day O
September 1929, all without op
2 ton or right to earlier or previou
: payment, the matureties of sal,
; 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 followin,
! forna, except as to denomination
maturity etc,
United States OF America
4 BOND NO. /, State of Mississippi, $40
TO n OF Leakesville.
TOWN OF LEAKEsvILLE SCHOOL BONDS.