Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1914-09-18
IN 70 lOs9 Issas
No. SiS6 q
Ssfsm CsaOoHAafai SehooL

@N
Upon motion. the following ordinance. after
having been first read and considered b. ~seetiona,
was adopted by sections and then as q whole. On
Anal passage Of the said ordinance. a. well as by
neetioDs. W. T. SbOwers. A. H.. Brah, u. W..
Mullins. W A. Walker and7W.R. SWiDdle.S uDervt-
sors voted aye" and no supervisors voted nay,
PREAMBLE AND ORDINANCE.
For the issuance Of $500 bond for the purpose
Of erecting and equIpping q school building IN and
for the Salem Consolidated School District, Noxu-
bee County. Mississippi:
Whereas. BY ordinance duly passed on the 3rd
day Of June. 1914. BY the Board Of Supervisors. Of
Noxubee County. Mississippi. proposing to issue
the bonds Of the Salem Consolidated School Dis
trict, Noxubee County. State Of Mississippi. Of
the amount Of So. 500. % for the purpose Of erect
ing and equippinR a school building In and for the
said Salem Consolidated School District, Noxubee
County, Mississippi: and
Whereas. II was further provided In said ordin-
ance that notice Of the proposed issue Of said
bonds should be published as required by law;
and
said bonds has been published as required by law.
and no protest Of any kind has been made or filed
by the adult taxpayers Of said district; and
Whereas. at an election duly called snd held on
Saturday, the first day Of August, 1914, more
than a majority Of the qualified electors voting in
said election of the Salem Consolidated School
District voted In favor Of the issuance Of the said
bonds to the amount of 81. $4,000 for the purpose
OF erecting ana eQulDp1nH D bCnOOi DGtbu1nR III anu
FOR the said Salem Consolidated School District.
Noxubee County, Mississippi; and
Whereas. sale Of said bonds has been made to
the city Of Macon. Noxubee County. Mississippi:
Now, therefore, be It ordained by the Board OF
Supervisors Of Noxubee County, Mississippi.
Section 1: That for the purpose Of raising mo
ney for the purpose Of erecting and e~quipping a
school building in and for the said Salem CONSOLE
dated School District. Noxubee County. Miss. the
negotiable coupon bonds of the said Salem Con-
solidated School District shall be issued to the
amount of 50, $4,000 In denominations of $100.00
and $4,000; fifteen bonds numbering from one to
fifteen. inclusive. In the denomination of $4,000
each. and four bonds. numbering from sixteen to
nineteen. inclusive, In the denomination of $4,000
each. The said bonds to be known as the Salem
Consolidated School District. Noxubee County.
Mississippi bonds" and shall be payable to the
Merchants and Farmers Bank. Macon, Mississippi
or Bearer; and shall be dated the third day of
August. 1914. and mature as follows. to- witt.
$4,000 August 3rd. 1916 and $4,000 on August
3rd of each and every year up to and including
August 3rd. 1927; and two bonds Of 500 payable
August 3. 1928. and four bonds Of $500 each, Aug
ust 3. 1923.
Said bonds shall bear interest at the rate Of six
per cent. payable semi-annually on the third days
Of February and August Of each year, as evidenced
by interest coupons attached to said bonds. and
both the principal and interest Of said bonds shall
be payable in the lawful money of the United
State of America. at the Merchants and Farmers
Bank, Macon. Mississippi.
Section 2: That the said bonds and coupons
thereto attached shall be substantially the fol-
lowing forms. respectively:
Form Of Bond
United States of America,
State of Mississippi. Noxubee County.
Salem Consolidated School District. Noxubee
County. Mississippi:
KNOW ALL MEN BY THESE PRESENTS, |
That the Salem Consolidated School District, of
.Noxubee County. State Of Mississippi, acknowl-
edges itself to owe and for value received hereby
promises to pay to the Merchants and Farmers
Bank. Macon, Mississippi. or bearer.
ONE HUNDRED DOLLARS
in lawful money of the United States of America,
as hereinafter set out and provided. with interest
thereon from the third day OF August. 1914, at
the rate of six per cent per annum, payable semi
annually on the third day OF February and the
third day Of August. each year. on presentation
they severally mature. Both principal and inter-
est Of this bond are hereby made payable at the
Merchants and Farmers Bank. Macon. Miss.
This bond is one of a series of like tenor and eff
feet except as to the date Of maturity, aggregat-
ing the sum of thirty five $35OO.OO) Hundred dol
lars, numbered from | to 10. inclusively; bonds
Nos. l to Is. inclusive. being for $4,000 each and
bonds Nos. 16 to 10. inclusive. being for $500. 90
each. maturing as follows:
Bonds No. !, maturing and being due and pay
able August 3. 1915; No. 2. August 3. 1916; No. 8,
August 3, 1917; No. A. August y. 1918; No. s. Aug
ust 8. 1919; No. 6. August 8, 1920; No. 2. August 3.
1921; No. 8. August 9, 1922; No. 9. August 3, 1923;
No. 10, August 9. 1924; No. II. August 9. 1925; No.
IL. August 3. 1926; No. 10, August 8, 1927; No. IA,
August 3, 1928; No. 10. August 3. 1928; No. 16,
August 3. 1928; No. u. August 8, 1928; No. 10.
August 3. 1928 and No. 10. August 3, 1929.
Issued for the purpose Of erecting and equipp-
ing a school building in and for the Salem Con-
solidated School District of Noxubee County,
Mississippi. under and pursuant to and in full
compliance with the Constitution and laws of the
State of Mississippi, and all orders duly passed by
the ROard Of Sunprvia0ra Of aaid County Tbia |
bond and the interest thereon, together with other
bonds and coupons forming a part of this issue
are payable out of q tax to be levied annually by
the Board of Supervisors of Noxubee County, |
Mississippi, upon the taxable propertyin the said
Salem Consolidated School District, Noxubee
County, Mississippi, to be used exclusively for the
purpose of paying interest on said bonds and pro-
viding a sinking fund for their redemption at
their maturity. The Board of Supervisors hereby
covenant and agree that it will levy annually un-
til the payment Of the interest and principal of
this bond as they respectively fall due. a special
tax upon all the taxable property in said Salem
Consolidated School District sufficient for said
purpose. |
1t Is hereby certified. recited and declared that
all acts. conditions and things required to exist
happen and be performed precedent to and in the
issuing of this bond, have existed, have happened
and have been performed in regular and due form
as is required by law and that the amount Of this
bond and the issue of which this bond forms a
part. together with all other Indebtedness of said
County and Salem Consolidated School District
Of Noxubee County. Mississippi. does not exceed
any limit prescribed by the Constitution Of this
state or any statute thereof and is exempt from
taxation within the state Of Mississippi.
IN WITNESS WHEREOF. The Board Of Sup
ervisors of Noxubee County. in the State of Miss
issippi, has caused this bond to be signed by the
President of this Board and countersigned by its
Clerk with the seal of said County hereto affixed
and has caused the annexed interest coupons to
be executed with the facsimile signatures of its
President and Clerk. this the Srd day tf August,
1914.
President Of Board Of Supervisors, Noxubee
County. Mississippi.
Conntersigned: