The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1911-04-28
ORDINANCE NUMBER $40.


pose declared in Ordinance Number
377 adopted and approved the 9Th
day Of April A. D., 1911, and direct
ing and providing that the negotla-
BILE bonds Of the City of Hattiesburg
in the sum Of 100000 shall be Is
sued for the purpose pamed In said
Ordinance Number 377 adopted and
approved on said 9th day of April A.
D., 1911.
| Whereas, on the 9Th day of April,
1911 the Mayor and Board of Commits
sioners of the City of Hattiesburg,
adopted Ordinance Number 377 pro-
viding that special election should be
held in said city on Tuesday, the 25th
day of April A. D., 1911, to determine
whether or not the Mayor and Board
of Commissioners should issue the ne
gotiable bonds Of said city in the total
sum of $40.000.OO for the purposes
named in said ordinance;
And, Whereas, notice of the holding
of such election was duly and legally
given in the manner provided by law
by the commissioners appointed to
hold the election, which was duly and
legally held on Tuesday, the 25th day
of April A. D., 1911, and AGA votes were
polled at said election, 424 of which
were in favor of said bond issue and
40 of which were against said bond
issue, making IA votes more than a
two-thirds majority of all the votes
polled at said election, in favor of said
bond issue, all of which facts appear
from the report of said commissioners
of election and the report of managers
of the election, and tally sheets and
ballots casts at said election;
Now, Therefore, Be it ordained by
the Mayor and Board of Commission
ers of the City of Hattiesburg;
SECTION /. That the special cleo
ton held in the City of Hattiesburg on
the 25th day of April A. D., 1911 to
determine whether or not the Mayor
and Board of Commissioners should is
sue the negotiable bonds of the City
of Hattiesburg in the sum of $40,000.00
for the purpose stated in Ordinance
Number 377 adopted and approved the
9Th day of April A. D., 1911, and to
which reference is hereby made, has
resulted in favor Of the issuance of
said bonds by majority of more than
two-thirds of ali the votes polled at
said election which fact the Mayor and
Board of Commissioners of the City of
Hattiesburg do now find and adjudge
to be true.
SECTION 2. That there be issued
the negotiable bonds of the City of
Hattiesburg in the aggregate principal
of 100000; $33,5OO.OO of the
proceeds of which shall be used in
school building in Ward
One on the site of the Main Street |
School; $1,5O0.O0 of the proceeds of
which shall be used in repairs on the |
Hardy Street School Building and ST.
100000 of the proceeds Of which shall
be used in liquidating an existing in
debtedness of the City of Hattiesburg.
Said bonds shall be issued in two Sc
ries, to be known as series A and
series B. Series A to be designated |
as school House Bonds" in the aggre-
gate principal amount of $35,000.0O,
and series B to be designated as iii
quotation Bonds" in the aggregate
principal amount of 100000, and the
proceeds of the sale of series B shall
be used in liquidating an existing in
debtedness of the City of Hattiesburg.
All of said bonds shall be coupon
bonds Of the denomination of $4,000
each, numbered from one to eighty in
elusive, dated May 25th, 1911, bearing
at the rate of five per centum
per annum, payable semi-annually on
the 25th days of November, and May
III CuSh yCuiy anu oil VI ooi0 oohNo
shall mature 20 years from the date of
their issuance. Said series A for $685.
10000 shall be numbered from 1 to 20
inclusive, and said series B for So
100000 shall be numbered from II to
80 inclusive.
Said bonds shall be Autographed or
engraved, and printed in two or more
colors, and signed by the Mayor and
by the City Clerk, who
shall impress the Municipal Seal upon
each bond as it is issued; and every
such bond shall specify on it's face the
purpose for which it was issued, and
the total amount authorized to be is
sued, and each be made payable to
bearer, and the coupons shall bear the
fac-simile signatures of said officers,
and said bonds and coupons shall be
substantially in the following form:
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI