The Tupelo journal., 1912-07-05
An Ordinance.

Authorizing the issue of paving bonds of the
city of Tupelo, Mississippi, to the amount
of fiftyt thousand dollars (S50,000
Whereas, at an election duly called and
held in the CITY. of Tupelo, Mississippi, on
the 9th day of April, 1912, after notice there
of had been duly given for the time and in
the manner required BY law more than two
thirds Of the voters of the city authorized the
issuance of bonds to the amount of Fifty
! Thousand Dollars ($5O,000) for street pur-
poses; therefore,
Be ii ordained BY the Mayor and Aldermen
of the city of Tupelo, Mississippi, as follows
Section 1 That for the purpose of paving
streets in the city Of Tupelo, there are hereby
authorized to be issued one hundred (1OO)I
| paving bonds of the city Of Tupelo MISSISSIPPI
pi of five hundred dollars ($500) each NUM-
bered from one (D TO one hundred lO0)l
both inclusive, dated the first day OF JuDei
1912, and bearing interest evidenced by couI
pons at the rate of five 81 per centum pei
annum, payable semi-annually. Both Principa
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 authoriz
ed shall be in substantially the following form
United States OF America
State Of Mississippi
No CITY of Tupelo $500
Paving Bond,
Know all men by these presents that tho
city of Tupelo, in the State of Mississippi
acknowledges to owe aud for value received
hereby promises to pay TO bearer five hundred
dollars $500 lawful money Of the United
States Of America on the first day Of June
| 1882, with interest thereon from the dstd
hereof until paid at the rate Of five 81 pen
centum per annunl, payable semi-annually OF
the first day of June and of December in each
year on presentation and surrender Of the an
nexed interest coupons as they severallY be
come due.
Both principal and interest Of this bond
are hereby made payable at the HanoveI
National Bank in the City Of New York, State
Of New York
This bond is one Of a series of like tcno
aeereeating the sum Of fifty thousand dollar
t$50000 J and is issued for the purpose
paving streets in the city Of Tupelo under th4
authority of Chapter 60 of the Code OF Missis
sippi, and of an ordinance duly passed,
And it IS hereby certified and recited tha
all acts. conditions and things required 10 ID
done precedent to and in the issuing of thi@
bond have been done, happened and been per
formed in regular and due form as required
by law, and that the total Indebtedness Of th%
city of Tupelo, including this bond, does no
'xceed the statutory OF constitutional limita
tions.
In testimony whereof, the Mayor and Alder
men Of the city Of Tupelo, Mississippi, havN
caused this bond to be signed by the Mayor
,ountersisned by the City Clerk with the corA
porate seal hereto affixed, aad have caused
he annexed interest coupons to be executed
with the facsimile signatures of said officer
this first day Of June. 1912.
D. w Robins Mayor,
Countersigned:
c. E. Goodlett. City Clerk
COUPON
On the first day OF june, December. f9-&
tie city Of Tupelo. Mississippi promises Il
pay to bearer twelve and 50-t00 dollarA
t$l2.50) at the Hanover National Bank il
he City of New York, State Of New York, fos
interest due that day on IFS paving bond
dated June |. 1912, No..
D. w Robins, Mayor
Countersiened:
c. E. Goodlett City Clerk
Section 3. This ordinance shall be IN forcF
from and after its publication in the official
newspaper.