The Tupelo journal., 1912-06-21
An Ordinance.

Authorizing the issue of paving bonds of the
city Of Tupelo, Mississippi, to the amount
of fiftyf housand dollars ($50,000)
Where's III an election Gully called and
acid in The city. Of Tupelo, Mississippi, on
The 9th day 81 April, 1912, after notice there.
ad had been duly given for the time and in
ithe manner required by law, more than IT, o.
thirds pf 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 Tupelo, there are hereby
authorized to be issued one hundred (100)
paving bonds of the city of Tupelo. Mississip-
pi, of five hundred dollars ($500) each, num-
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 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 (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 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) per
centum per annum, payable semi-annually on
the first day of June and Of December in each
year on presentation and surrender of the an
nexed interest coupons as they s~everally 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
aggregating the sum of fifty thousand dollars
($50,0O0,) 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.
Countersiened:
G. E. Goodlett, City Clerk.
COUPON.
On the first day of June, December, To-,
the city of Tupelo, Mississippi, promises to
pay to bearer twelve and $1,000 dollars
($l2.5O 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 |. 1912, Mo-.
D. w. Robins, Mayor.
Countersiened:
G. E. Goodlett, City Clerk.
Section 3. This ordinance shall be in force
from and after its publication in the official
ne,xpaper.