Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1915-11-04
AN ORDINANCE

An ordinance repeating an ordi-
nance Of the City or Oxford. Mississip-
ri. passed June s, ard rttifed by a
city election held July s, 1915. recorded
on page 2S7 Of the minute book
Sec 1. Be it ordained by the city
council OF the CITY Of Oxford, Missis-
sippi, that an ordinance passed by this
board on the sth day OF June, 1915,
and ratified by an election ordered and
held on the sth day of July. 1915,
authorizing the issuance Of certificates
OF indebtedness OF the City Of Oxford.
Mississippi, for the sum of s6 500 90,
payable in one and two years, be and
the same is hereby repealed and for
naught held, and the following ordi-
nance passed in lien thereof. an ordi-
nance authorizing the issuance Of GER
| tificates Of indebtedness OF - Cry Of
Oxford, Mississippi, IN The sum ~ s6.-
$1,000, for the purpose of buving new
machinery and otherwise imr rowing
| the City Electric Light Plant AM or
. Grring AZ Elee-'o-' hv r.. nssaii H.
voters of the manie. -. y Il .''s' fa
ratify and confirm the oruln~a0e
authorizing the issuance Of such certi-
ficstes Of Indebtedness.
Sec. /. Be il ordained by the Coun-
Gil Of the City of Oxford that certifi-
Gates of Indebtedness of the City Of
Oxford shall be and Is hereby issued
in the sum Of Six Thousand Five y und-
red Dollars for the purpose Of buying
necessary new machinery for the CITY
Electric Light Plant and for making
all necessary Improvements thereon
that the certificates of indebtedness
shall be % the denomination Of Si0o 90
each and shall be dated the LIST day Of
January, 1915, and shall be suitably
autographed in two or more co'Ors IN
prevent counterfeiting and unlawful
duplication and that said certificates
! % Indebtedness shall mztureas fol-
lows. % vii:
5000 on January 1, 1917,
5000 on January 1. 1915,
iooo.oo on January l 1919,
10000 on January /, 1920,
10000 on January 1, 1y21
They shall bear six per cent interest,
payable semi-annually on the LIST day
Of July and January Of each and every
year during their term of years at the
office of the City Treasurer Of Oxford
{ "a Lana GttC NO0htlr 1AAorAr-tRkA tAAdN
these certificates shall be numbered
from to IS, inclusive, and shall be
registered by the Clerk Of this B0 .rd
they shall be signed by the Mayor and
eountersigned by the City Clerk and
shall bear the seal Of the CITY Council.
Each and every certificate shall speci
fy, that il was author xed and issued
for the purpose named herein and each
shall show on its face that only $500. 90
was authorized 10 be issued and same
shall be payable to the purchaser and
followed by the words, s-Or Bearer
that said certificates shall be exempt
from TAXATION of the City of Oxford
and the proceeds shall be used alone
for the purchase of new machinery
and improvements on the Electric
Light Plant Of the City Of Oxford and
there shall be attached to each certifi-
cate issued coupons GOVERNING the in
terest from date of issuance 10 date
when due These certificates shall be
OF the following form and tenor in
substance:
"U. ) A.-State of Mississippi =
Certificates of Indebtedness OF the
City Il Oxford, Lafayette County,
Mississlppi-Know all men by these
PRESENTS: That the City Of Oxford,
Mississippi, Acknowledges to owe and
for value received, hereby promise to
pay bearer the sum of One
Hundred Dollars, lawful money Of the
United States, the LIST day Of January
1871, with interest thereon from date
at the rate OF xix per cent per annum.
payable semi annually on the LIST day
OF July and January OF each year on
| presentation and surrender Of the an
nexed interest coupon, as they sever
ally become due-principal and in
terest on this certificate are hereby
made payable at the City Treasurer's
ONCE IN Oxford, Mississippi This
eeruflcate Is one of series Of ike ten
or and effects, aggregating $500 90,
issued Tor the purpose of buying new
machinery and otherwise improving
the City Eleetaic Light Plant, under
and by virtue Of the laws Of Missis-
sippi
In Testimony Whereof. the Cry
Council Of Oxford. Lafayette County.
Mississippi. by its Mayor and count
ersigned by its Clerk. with the seal
Of the city affixed. ard has caused
the annexed coupons to be executed
this. the LIST day Of January 1916
]. H. LAWSHEE City Clerk.
R. s. ADAMS, Mayor.
2rd Be IL further ordained that the
question Of the ratification or reiec-
ton OF the above ordinance be sub-
mitted TO the qualified and legal voters
OF the incorporation Of the City of Or
ford 81 special election 10 be held in
the Court House OF said CITY on the
5rd day Of December, 1915, and that
Webster, Geo H Heard ,Sr. and G A.
Roach. City Election Commissioners.
shall hold said election, according 10
law, count the votes and make due re-
turn thereof to the City Council-thaf
the Commissioners shall give due and
legal notice OF the time, place and uur-
i Dose of haldinu aid .las.t.-.- - =,