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

An ordinance repeating an ordi-
nance Of the City or oxford. Mississip-
ri. passed June 5, ard ratified by a
city election held July ;, 1915. recorded
on page 2sT Of the minute book
See 1. Be il ordained by the city
council u the City Of Oxford. Missis-
sippi, that an ordinance passed BY this
board ON the sth day u June. 1915.
and ratified BY an election ordered and
held on the sth day Of July, 1915,
authorizing the issuance Of certificates
OF indebtedness 10 the City 81 Oxford,
Mississippi, for the sum OF S6 500 90.
PAYABLE in one and two years. be and
the same Is hereby repealed aud for
naught held, and the following orfi-
nance passed In leu thereof. an orli-
nance authorizing the issuance Of Ger
tificates II Indebtedness OF the City Of
T Oxford. Mississippi, in the sum ~ So
10000, for the purpose Of buying new
machinery aud otherwise i'm rowing
/ the City Electric Light Plant and or
dering an election by the qualified
voters of the municipality Of Oxford to
ratify and confirm the ordinance
authorizing the Issuance u such eerti-
/ ficates II indebtedness
/ Sec. l. he it ordained by the Coun-
ell Of the City Of Oxford that certifi-
Gates of indebtedness Of the City of
Oxford shall be and i hereby issued
( in the sum of Six Thousand Five und-
red Dollars for the purpose of buying
necessary new machinery for the CITY
Electric Light Plant and for making
all necessary Improvements thereon
I that the certificates of Indebtedness
shall be of the denomination Of sf00 90
each and shall be dated the LIST day Of
January. 1915, and shall be suitably
Z autographed in two or more coiors to
prevent counterfeiting and unlawful
I duplication and that said certificates
Of Indebtedness shall matureas fol-
lows, 10 wit:
50O.00 on January 1, 1917,
10000 on January 1, 1915,
1O00.0a on January 1919,
10000 on January /, 1920,
10000 on January 1. 1921
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 ut the
office of the City Treasurer of Oxford
in Lafayette county, Mississippi, that
these certificates shall be numbered
from I to 65, inclusive. and shall be-
registered by the Clerk of this Bo srd
they shall be signed by the Mayor and
countersigned by the City Clerk and
shall bear the seal of the CITY Council.
Zach and every certificate shall speci-
~, that il was authorized and issued
for the purpose named herein and each
shall show on its face that only $500 90
was authorized to be issued and same
shall be payable to the purchaser and
followed by the words. s-0r Bearer'r-
that said certificates shall be exempt
from taxation of the City of Oxford
and the proceeds shall b.. 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 70 each certifi-
cate issued coupons covering the in
terest from date of issuance TO date
when due. These certificates shall b.
of the following form and tenor in
substance:
~. ). A.-State of Mississippi -
Certificates of Indebtedness OF the
City of Oxford, Lafayette County.
--@@-f-e%~71AE 4AARW Gal AAEAA Nv THESE
PRESENTS. That the City Of Oxford.
Mississippi, Acknowledges TO owe and
for value received, hereby promise. to
pay -----or bearer the sum u one
Hundred Dollars, lawful money Of the
United States. the LIST day Of January,
1917, with interest thereon from date
at the rate OF six per cent per anRum,
payable semi annually on the LIST DAY
OF July and January Of each wear on
presentation and surrender Of the an
nexed interest coupon, a. they sever
ally become due principal and in
terest on this certificate are hereby
made payable at the Cny Treasureris
office in Oxford, Mississippi. This
certificate Is one of a series Of ike ten
or and effects, aggregating s6500 %.
issued Tor the purpose of buying new
machinery and otherwise improving
the City Eiectaic Light Plant, under
and by virtue OF the Laws Of Missis-
sippi.
Ia Testimony Whereof. the CITY
Council OF Oxford. Lafayette County.
Mississippi. by It's Mayor and count
ersigned ty its Clerk. with the seal
OF the city affixed, and has caused
&O4RNAE 70 De executed
taIs, the LIST day Of January. 1916.
J. II. LAWSHEE. City Clerk.
r. S. ADAMS, Mayor.
2rd. Be it further ordained that the
question of the ratification or rei.c-
ton Of the above ordinance be snb-
mitted to the qualified and legal voters
OF the incorporation Of the City Of Ox-
ford at a spacial election, d. - Ria =
the Court House of said CITY on the
3rd day of December, 1915. and tbat
+ Webster, Geo II Heard ,Sr. and @ a
Roach, City Election Commissioner
shall hold said election. according to
law, count the votes and make due ra-
turn thereof 10 the City CounciI-that
the Commissioners shall give due and
legal notice of the time, place and pur-
pose OF holding said election. and shall
prepare and have printed a sufficient
number OF official ballots for use in the
SAID election and there shall be printed
thereon the following words ard