The commonwealth. (Greenwood, Miss.) 1896-1923, 1913-03-21
AN ORDINANCE

Gates OF indebtedness under Chhp-
ter 1875 Laws of Mississippi, 1912,
to pay the Cresoted Wood Block
Paving Company Of New Orleans,
louisiana, for Improving and pay
ing certain streets in the city Of
Greenwood, Mississippi.
Whereas, under date Of August 9Th,
1912, the City of Greenwood entered in
to contract with the CreosOted Wood
Block Paving Company Of New Orleans,
Louisiana, for improving and paving
Howard Street from Market Street to
Southern Railway and CarroIlton Aven-
Ne from Main Street to Lamar Street,
in said city, and;
Whereas, certain parts Of SAID i'm
provemcnts are completed and the cost
thereof asCertained and
Whereas, The Mayor and Board Of
Aldermen at the regular meeting held
January 9Th, 1913, did apportion and
fix the AMOUNT of said cost to be as
sessed against each property owner in
the manner required by law, and did
publish a notice once a week for two
weeks, notifying the property owners
that the assessment had been made out
and filed with the Clerk Of the Munich
pality, and was subject to inspection
and objection Of the property owners;
and
Whereas, said assessment did remain
on file with Clerk of said City for at least
two full weeks after the publication Of
above notice WAS completed, and
Whereas, at the first regular meet
ing Of the Mayor and Board Of Alder
mon thereafter, tO-wit: on March 4th,
1918. did set for the purpose of hearing
all objections that may be urged by
property owners to the assessment;
and
Whereas, there was no objections
urged by property owners to the ASSESS
ments w%hereupon said assessments
were approved in the sun of $l4, SCI. 45.
Now, therefore, be it ordained by the
Mayor and Board Of Aldermen of the
city Of Greenwood;
Section /. That for the purpose of
paying said The Creosotcd Wood Block
, "aving Company for improving and
paving said streets there be issued GER
tifcates of indebtedness of said City in
the sum or 81, 649. Is.
Section 2. Said certificates shall be
issued in substantially the following
form:
United States of America, State of
Mississippi, County of Letlore,
City of Greenwood.
... , ... Street Improvement Certificate.
No. .-. .... .,'..... 1000 Dollars.
Know All Men By These Presents:
That the City Of Greenwood, in Letlore
county, Mississippi, is indebted to and
for value received, hereby promises to
pay to the bearer one thousand dollars
lawful money Of the United States of
America. on the ...,...., day of. ..... .....
10 .. with interest at the rate of 6
per cent, per annum, payable annually
on the ....,,.. day of ...... ..... 10 in
each year upon presentation and sur
render of the proper coufOn therefor
thereto attached, bearing a fac simile
of the signature Of the Clerk of said
City as they severally become due.
Both principal and interest of this Ger
tiicste are payable at the office
of the depository Of the said City
of Greenwood, Mississippi, and the city
is hereby held and firmly bound, andits
faith, credit, revenue and property are
hereby pledged for the prompt payment
of the principal and interest hereof at
maturity.
This certificate is one of a series Of
...~...c certificates of like date, tenor
and effect except as to denomination
and time Of payment, Of an authorized
issue aggregating s .,........... and is
issued by the corporate authorities of
said city for the purpose of raising
money for improving and paving How
ard Street from Market Street to
Southern Railway and Carrolltou Aven-
ue from Main Street to Lamar Street,
in said city under and by authority and
in accordance with the laws of the
State Of Mississippi, and especially an
act entitled ian act to give power to
the Mayor and Board Of Aldermen of
municipalities to borrow money or give
notes or certificates of indebtedness, to
pay for the construction and laying Of
sidewalks and the paving of streets,
the amount borrowed on the notes or
certificates given, not to exceed the
amount of the special assessment
against the abutting property and not
to be included in any limitation placed
upon the Indebtedness of municipality"
approved March 10Th, 1912, and an or !
dinance duly and regularly passed by !
the Mayor and Board of Aldermen of
said City on the 4th day of March, 1918. 1
And it is hereby certified, recited and
declared that all acts, conditions and
things required to be done precedent to I
and in the issuing of said certificates :
have been properly done, have happen
ed, and have been performed in regular
and due form, as required by law, and r
the Indebtedness evidencedh by this a
series of certificates does not exceed a
any statutory OF constitutional limita- k
finpa d.