The Tupelo journal., 1912-06-14

Authori ring the issue Of paving bonds Of the
city cf Tupelo. Mississippi, to the ~asaouut
of fifty Il thousand dollars ($50.000 :
Whereass n A elected duly calie9 and
held in tie ritY. a IMF<16 8fiSSis<ipr 1n
the 27tli daySoi ApHi I513 aIIsr ns
of had been duly given for tke time md Ii
the manner required by law, more than tAo-
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 it 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 Q00)
paving bonds of the city of Tupelo, Mississip-
pi, of five hundred dollars ($500) each, num-
bered from one "a to one hundred Q0O,)
both inclusive, dated the first day Of June,
1912, and bearing interest evidenced by cou-
pons at the rate of five (5) per centum per
annum, payable semi-annually. 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 (2O) 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 the
| city Of Tupelo, in the State Of Mississippi,
acknowledges to owe and 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 date
hereof until paid at the rate of five (5) pei
centum per annum payable semi-annually or
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 bono
are hereby made payable at the Hanovel
National Bank in the City of New York, State
of New York.
This bond is one of a series Of like tenol
agereeatine the sum Of fifty thousand dollar:
$3.50, 000,) and is issued for the purpose O
paving streets in the city Of Tupelo, under thu
authority Of Chapter SO Of the Code of Missis
sippi, and of an ordinance duly passed.
And it is hereby certified and recited tina
all acts, conditions and things required to b
done precedent to and in the issuing Of thi:
bond have been done, happened and been per
formed in regular and due form as requires
by law, and that the total indebtedness Of thu
city of Tupelo, including this bond, does no
exceed the statutory or constitutional limita
tions.
In testimony whereof, the Mayor and Alder
men of the city of Tupelo, Mississippi. hav
caused this bond to be signed by the Mayor
countersigned by the City Clerk, with the cor
porate seal hereto affixed, aad have causes
the annexed interest coupons to be executed
with the fac-simile 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, -
the city Of Tupelo. Mississippi, promises +
pay to bearer twelve and $1,000 dollar.
C$12.50) at the Hanover National Bank IL
the City of New York, State Of New York, fol
interest due that day on its paving bono
dated June /. 1912, No..
D. w. Robins, Mayor,
Countersigned:
c. E. Goodlett, City Clerk
Section 8. This ordinance shall be in forcs
from and after its publication in the official
newspaper.