The commonwealth. (Greenwood, Miss.) 1896-1923, 1916-08-04
AN ORDINANCE

to-wit:
AN ORDINANCE
In relation to the Issuance Of Bonds
for the Purpose of Paving. Curb
ing and Guttering a Certain Street,
or Avenue or Portion thereof in
the City of Greenwood, Mississippi.
Whereas, the Council of the City Of
Greenwood, Mississippi, desires to issue
bonds of the City to the amount of
$40, 900. 90 or SO much thereof as may
be necessary for the purpose Of paving,
curbing and guttering the following
street, or avenue, or portion thereof,
to-wit: Washington Street from How
ard Street Westwardly to, Mary Street;
and,
Whereas, it appears from the assess
ment roll Of the said City of Green
wood, that the said $40, 900. 90 proposed
to be issued when added to all Of the
outstanding bonds of the said City of
Greenwood the proceeds of which have
not been invested in enterprises pro-
ducing, or having sufficient revenues
over and above all operating expenses
to pay the interest on these bonds,
does not exceed in amount 7 per cent.
of the assessed value of the taxable
property of said City of Greenwood,
Mississippi;
First, That $40, 900, or as much there
Of as may be necessary of the Bonds
of the City of Greenwood be issued for
the purpose of paving, curbing and
gathering said above described street,
or avenue. or portion thereof, which
bonds shall be issued in the sum of Five
Hundred Dollars ($50O) each and shall
mature the first day of August, 1886.
Second, Said Bonds shall be dated
the lst day of August, 1916, and bear
interest at the rate of five per cent.
per annum from date, said interest
shall be paid on the LIST day of August
annually, at the First National Bank,
Chicago;
Third, Said bonds shall be litho-
graphed, and signed by the mayor and
countersigned by the clerk of the City
of Greenwood, Mississippi, who shall
impress the municipal seal on said
bonds and interest coupons shall be
attached to each; interest coupons
shall have the Autographed signature
of the mayor and clerk, and the litho-
graphed signatures shall in all respects
be rs binding on the City of Greenwood
as the original signatures of the mayor
and clerk of the said City of Green
wood would be.
Each Bond shall specify on its face
the purpose for which it is issued and
each bond shall be made payable to
bearer.
introduced, read and filed June 9th,
1916. Approved: G. L. RAY, mayor.
Attest: s. H. Montgomery, Clerk.
Was introduced in the form in
which 1t was passed by the Council,
and read by the Clerk at a regular
meeting OF the Council of the City of
Greenwood, and remained on file for
two weeks with the city clerk for
public inspection for two weeks, and
passed and adopted by the Council
on the goth day of June, 1916, and
approved by GIL. Ray mayor and at
tested by S. H. Montgomery, clerk,
ahu WAOi cos dltSI lHe pdSsd6c anu
approval of the foregoing ordinance
providing for the issuance of the
bonds Of the city of Greenwood. the
Mayor and Council Of the City of
Greenwood did pass an order, order
ing an election to be held on the 21st
day of July, 1916, said date being
thirty days after the passage and
adoption of said ordinance by said |
Mayor and Council of said City. for
the purpose of submitting to the
qualified electors Of said city OF
Greenwood, Mississippi, said ordi-
nance In relation to the issuance of
said bonds as aforesaid, and appoint
ed as Election Commissioners War
ner Wells. Lyttleton Upshur and J.l
T. Foley to hold said election with
Warner Wells designated as the
Commissioner to have tickets for said
election printed and distributed; and
Whereas the Council of the City
OF Greenwood gave notice Of said
election as required by law, and
whereas proof Of publication OF said
notice aforesaid, has been nled by
the Commonwealth, a newspaper
published In the city OF Green wood,
Mississippi, and whereas, said cleo
tor commissioners have made report
TO Ties Council of the City Of Green
wood OF the result OF said election.
showing that there were III votes
cast at said election. and that III
votes being more than a majority OF
those voting in said election have
voted for the approval Of said ordi-
nance above set out, said ordnance
being in relation to the issuance Of
bonds for the purpose Of paving,
curbing and guttering a certain
street or avenue, or portion thereof,
in the city Of Greenwood, Missis-
sippi, Therefore
BE 1t ordained by the Council OF
the City Of Greenwood. Mississippi:
First, That the report Of the cleo.
ton commissioners appointed to hold
the election. as aforesaid, be and the
same is hereby received and adopted.
and it Is further adjudged that all
legal requirements relating to said
election have been fully complied
with and that a majority Of the I
voters who Voted in said election. !
did vote for the approval of said or :
in relation to the issuance !.
OF the bonds for the purpose OF nav. :
curbing and %guttering a cort,tr .