The commonwealth. (Greenwood, Miss.) 1896-1923, 1916-05-05
NOTICE OF BOND ISSUE FOR ROAD
IMPROVEMENT.

At the regular May, 1916, meeting of
the Board of. Supervisors of Lefore county,
held in Greenwood on Monday and Tuesday
of this week, the following order was madel
for the issuance of the $500, 600 bonds for
the Improvement of the public roads of said
county, according to the authority of the
recent Act of the Legislature-the first in
and the balance to be issued as needed in
installments of not exceeding 500, 600 each.
The Board also named the following
gentlemen, Selected by the Greenwood Bust
ness League), as an advisory committee to
act in conjunction with the Board Of Super
visors in the matter of inspecting and inves-
tigating the different materials used in pub
lie road construction, and in deciding upon
the kind of roads to be constructed in this
county: Messrs. O. F. Bledsoe, Jr., S. R..
Keesler and E. B. Clark. Better selections
could not have been made.
Below is the order for the bond issue,
as it appears on the minutes of the Board of
Supervisors:
Under and by virtue of the authority of an act
of the Legislature of the State of Mississippi, emit
tied, IAN Act authorizing and empowering the Board
of Supervisors of Leflore County, Mississippi, to
issue bonds of said County, not exceeding $6OO,OOOOO,
for the Improvement of the public roads of said
County, out of stone, gravel, ebert or a combination
Of such materials, or other materials" approved
March 81, 1916, it appearing the Board that at the
regular April, 1916. session of this Board, by an
order duly entered on the minutes of said Board, in
Minute Book 7, at page 499, that the said Board did
order an election, to determine whether or not said
bonds shall issue; and it further appearing that after
giving due and lawful notice thereof, the election
commissioners of said county held said election. in |
which qualified electors of said county, and none
others, voted, and the said commissioner having
certified under oath, the result of said election, to
there was cast for the bond issue SAT votes, and
against the bond issue, AZ votes, a total of 594; and
1T further appearing that in said election, a majority
OF the qualified electors voting in such election have
authorized the issuance of said bonds under the
terms OF the aforesaid act; and it further appearing
that it is lawful and proper, and that it is to the best
interests OF the county so to do; it is therefore order
ed by the Board of Supervisors, that in accordance
with said act of the Legislature, the bonds of Leflore
County, to the amount of $500, 600 be hereafter
issued, bearing interest at the rate Of five per cent
lows, that is to say: From the fifth year after the
date of the issuance of said bonds, and maturing in
twenty-five" years; one-twentieth Of said bonds shall
be payable annually, after the fifth year, with five
per cent interest, evidenced by the proper coupons
attached to said bonds. Such bonds shall be litho-|
graphed with suitable devices to prevent counter
feiting, and shall be in sums of $lO0,O0000 each sign
ed by the President of the Board, and countersign-
ed by the Clerk of the Board, with interest cou-
pons attached to each of said bonds, which cou-
pons shall have the Autographed signatures of
the President and Clerk OF said Board, and shall be
IN all respects as binding as the original signatures
of the said President and Clerk of the said Board.
Each bond shall specify on its face the purpose for
which it is issued, and each bond shall be made pay
able to bearer, and said bond shall be registered by
the clerk of this Board, who shall impress the seal
OF the county upon each of said bonds, as the same
shall be issued. 1t is further ordered that SAID bonds
shall be issued and sold from time to time, and as
authorized and directed by said act of the legisla-
ture, authorizing the ISSUANCE of said bonds. 1t is
further ordered that the proceeds of the sale of said
bonds shall be used exclusively for the purposes
therein mentioned in said act authorizing the issu-
ance OF said bonds.
j. L.. HALEY, President.
A. r. BEW, Clerk.