The Tupelo journal., 1912-06-28
An Ordinance.

Authorizing the issue OF paving bonds OF ths
city of Tupelo, Mississippi, to the amour
of fiftyt thousand dollars ($50,000
Whereas, at an election duly casled 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 tso
thirds of the voters Of the city authorized the
issuance of bonds to the amount of Fifty
Thousand Dollars ($50,000,) 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 Tapelo, there are hereby
au horized to be issued one hundred (100)
paving bonds of the city of Tupelo. Mississip
pi, of five hundred dollars ($500) each, mum
bered from one (1) to one hundred (100,)
both inclusive, dated the first day of June
1912, and bearing interest evidenced by cou
pons at the rate of five (5) per centum pei
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. Sale
bonds shall become due twenty (20) year.
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 thu
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 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 a series of like tenor
aeereeatine the sum Of fifty thousand dollars
($50,Q00,) and is issued for the purpose OF
paving streets in the city Of Tupelo, under the
authority Of Chapter SO Of the Code of Missis-
sippi, and Of an ordinance duly passed.
And it is hereby certified and recited that
all acts, conditions and things required to be
done precedent to and in the issuing Of this
bond have been done. happened and been per-
formed 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 constitutional limita-
lions.
In testimony whereof, the Mayor and Alder
men of the city Of Tupelo, Mississippi, have
caused this bond to be signed by the Mayor,
countersiened by the City Clerk, with the cor
porate seal hereto affixed, aad have caused
the annexed interest coupons to be executed
with the fac-simile signatures Of said officers
this first day Of June, 1912.
D. W. Robins. Mayor.
Countersigned:
c. E. Goodlett, City Clerk.
COUPON.
On the first day Of June, December, 19-,
the city of Tupelo, Mississippi, promises to
pay to bearer twelve and $1,000 dollars
($12.50) at the Hanover National Bank in
the City Of New York, State of New York, for
interest due that day on its paving bond
dated June l. 1912, No..
D. w. Robins, Mayor,
Countersiened:
c. E. Goodlett, City Clerk.
Section 3. This ordinance shall be in force
from and after its publication in the official
newspaper.