The Tupelo journal., 1911-05-12
An Ordinance

| Authorizing the issue of improve
ment bonds Of the City of Tupelo,
Mississippi, to the amount Of Fifty
Thousand Dollars.
Whereas, at an election duly called
and held in the City of Tupelo, Missis-
sippi, on the 22nd day of April, 1911,
given for the time and in the manner
required by law, more than two-thirds
of the voters of the City authorized the
issue of bonds to the amount OF Fifty
Thousand Dollars $3.50. .000) for Water
Works, Electric Lights and City Hall
and street improvement purposes;
therefore,
Be it ordained by the Mayor and
Aldermen of the City of Tupelo, Missis-
sippi, as follows:
Section That for the purpose of
improving the streets, and the water
and hight works and building City
Hall in the City of Tupelo, there are
hereby authorized to be issued fifty
(50) Improvement Bonds of the City Of
Tupelo, Mississippi. of One Thousand
Dollars Q000) each. numbered from
one ~ to fifty (5O.) both inclusive.
dated the first day of May, 1911, and
bearing interest evidenced by coupons
at the rate of five (5) per centum per
annum, payable semi-aunually Both
principal and interest of said bonds are
hereby made payable at the Hanover
National Bank in the City of New
York, State of New York. Said bonds
shall become due twenty (20) years
after date
Section 2. That the bonds hereby
authorized shall be in substantially the
following form:
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI
No. CITY OF TUPELO $1,000
IMPROVEMENT BOND.
Know all men by these presents, That
the City of Tupelo, in the State of
Mississippi, acknowledges to owe and
for value received hereby promises to
pay to Peoples Bank & Trust Co.. Tu-
pelo, Miss, or bearer, One Thousand
Dollars (lO00) lawful money of the
United States on the first day of May,
1881. with interest thereon from the
date hereof until paid at the rate OF
(5) per centum per annum, payable
sem;.annually on the first day OF May
and Of November in each year on pre-.
sentation and surrender of the annexed
interest coupons rs they seYerally be-
come due. -
Both principal and interest Of this.
bond are hereby made payable at the
Hanover National Bank in the City of
New York, State of New York.
This bond is one of series of like,
tenor ageregating the sum of Fifty
Thousand Dollars $50, ,000.) and is is
sued for the purpose of improving the
streets and the Water and Light Works
and building City Hall in the e ty of
Tupelo, under the authority of Chapter
SO of the Code of Mississippi, and of
an ordinance duly passed.
And it is hereby certified and recited
that all acts. conditions and things re-
quired to be done precedent to and in
the issuing of this bond have been done,
happened and been performed in
regular and due form as required by
law, and that the total indebtedness of
the City of Tupelo. including this bond,
does not exceed the statutory or consti-
tutional limitations. :.
In testimony whereof, the Mayor and
Aldermen of the City Of Tupelo, Missis--
sinpi, have caused the bond to be signed
bj the Mayor and countersigned
BY the City Clerk. with the corporate
seal hereto affixed. and have caused
the annexed interest coupons to be exc
cuted with the fac. smile signatures of
said officers this first day Of May. 1911.
?. w. Robins, Mayor.
Countersigned:
C. E. Goodlett, City Clerk.
COUPON.
On the first day of May, November,
.l9. the City of Tupelo, Mississippi,
promises to nay to Peoples Bank q
Trust Co. Tupelo, Miss. or bearer
twenty-five Dollars ISIS 00) at the
| Hanover National Bank in the City of
| New York, State of New York, for
interest due that day on its Improve
ment Bond dated May !, 1911. Mo-.
p. w. Robins, Mayor.
Countersigued:
6. E. Goodlett, City Clerk.
Section 3. This ordinance shall be
| ia force from and after ten days from
| It's publication in the official newspaper.
The above Ordinance was reduced to
writing previously to being voted on
and read and considered, and voted on
section hy section at re'nlar public
adjourned meeLing of the Mayor and
Board 0f Aldertpea, held on the 9th day
Iof MAY. 1911, 1sid was unanimously pas
lsed. all Aldermen present vpting yea.
u " ROBINS, Mayor.
G. E CoODLETT, Clerk.
D,hlio yVnr1rc Mntinn