The commonwealth. (Greenwood, Miss.) 1896-1923, 1912-07-19
AN ORDINANCE
In relation 10 the issuance Of bonds for
the purpose Of paving, curbing,
guttering and storm sewering GER

In relation TO the issuance Of bonds for
the purpose Of paving, curbing,
guttering and storm sewering GER
tain streets or portions thereof in
the City of Greenwood.
Whereas, the Mayor and Board of
Aldermen Of the City of Greenwood,
Mississippi, desire to issue bonds Of the
said City Of Greenwood, Mississippi, to
the amount of $40, co., 90 or as much
thereof as may be necessary for the
purpose of paving, curbing, g~uttering
and storm-seWering the following
streets, or portions thereof, towit:
That part Of Fulton street extending
along said street from the south end of
the bridge across the YaZOo river to
the southern boundary line Of Market
street; that part of Market street ex
tending along said street from Fulton
street to the eastern boundary line of
Main street; that part Of Main street
extending along said street from the
southern boundary line Of Front street
to the southern boundary line Of Car
rolIton avenue; that part of Howard
street extending along said street from
the southern boundary line of Front
street u the right Of way of the south
ern Railway in Mississippi, and that
part Of Carrollton avenue extending
from Howard street to the right of way
Of the Southern Ry. in Mississippi
where same is crossed by Lamar street,
and that part of johnson street extend
ing from the right of way of the South
ern Ry. in Mississippi along said John
son street to the right Of way of the Y.
& N. V. Ry. and, .
Whereas, 1t appears that the the said
Board did publish notice of the propo-
sal to issue said bonds in the Green
wood Commonwealth, a ne Wspaper pub
lished in the City of Greenwood for
three weeks next preceding the End
day of July, 1912; and,
Whereas. It appears that within the
time aforesaid, twenty per cent. of the
adult taxpayers did not petition against
the issuance of said bonds and,
Whereas, it appears from the assess.
ment rolls of said City Of Greenwood
that the said $40, 900. 90 proposed to be
issued when added to all outstanding
bonds of said City Of Greenwood, the
proceeds of which have not been in
vested in enterprises producing or saw
ing sufficient reyenue 0ver and above
all operating expenses to pay the inter
est on these bonds, does not exceed in
amount sever per cent. of the assessed
value of the taxable property of the
City of Greenwood,
Now therefore, be it ordained by the
and Board of Alderman of the
City of Greenwood, Mississippi:
First: That $40, 600. 90, or as much
thereof as may be necessary of the Bonds
of the City of Greenwood be issued for
the purpose of paving, curbing, gutter
and storm-sewering said above de-
streets, or portions thereof,
which bonds shall be issued in the una
Of $500. 90 each and shall mature the
first day of August, 1927.
Second: Said bonds shall be dated the
first day of August, 1912, and bear in
at the rate of .05b five per
cent from date per annum, said in
shall be paid on the first day of
annually.
Third: Said bonds shall be Autograph
~ anu SiBiSu Wy VIE Mayor anu couII-
.ersigned by the Clerk of the City of
Greenwood, who shall impress the mum
cipal seal on each bond, and interest
coupons shall be attached to each of
laid bonds, each shall have the lithO-
graph signature of the Mayor and
Clerk, and each each Autographed sig
shall be in all respects as bind
ng on the City of Greenwood as the
signature of the Mayor and
Jerk of said City of Greenwood would
,e.
Fourth: Each bond shall specify upon1
Is face the purpose for which it is is
ued, and each bond shall be made pay
Lble to bearer.
Be it further ordained that for cause
his day shown the Roard that this or
finance take effect and be in force from
md after its passage.
Approved this the End day of July,
81.
G. L. RAY, Mayor.
Attest: R. H. HICKS. Clerk.