The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1917-02-27
AN

Receiving the report OF the Election
Commissioners of an election held Of
the 9th day of Dec. 1916, at which wa
submitted for approval the ordinance
in relation to the issuance of bondt
for the purpose of paving, curbing ant
~guttering certain streets, or avenue
or portions thereof in the City O
Greenwood, Mississippi.
Whereas, on Tuesday the 18th da!
of Oct. 1916, the same being a regular
meeting of the Council of the City o.
Greenwood the following ordinance
to-wit:
An ordinance in relation to the is
suance of bonds for the purpose Of
paving, curbing and %guttering thai
part of Washington Street, from
Howard Street westwardly to Mary
Street, and that part of Market Street
form Main Street eastwardly to Pei.
lucia Bayou Bridge, and. that part Of
Lamar Street form Market Street
southwardly to Carrollton Avenue.
Whereas, there is an immediate
necessity for paving, curbing and gut
tering that part of Washington
Street from Howard Street westward
ly to Mary Street and that part of
Market Street from Main Street east
wardly to Pellucia Bayou Bridge and
that part of Lamar Street from Mar
ket Street southwardly to Carrollton
Avenue, and;
Whereas, said improvement re-
quires an unusual outlay and cost in
excess of the General Improvement
fund, and in the judgment Of the
Council, the General Improvement
fund should not be used for the pur-
pose of making such special improve
ments, and;
Whereas, said General Improvement
fund is not sufficient to make said
special improvements, and;
Whereas, the Council Of the City
Of Greenwood, Mississippi, desires to
issue the bonds Of the said City of
Greenwood, Mississippi, to the amount
Of Twenty Thousand Dollars $780,
100000, or SO much thereof as may
be necessary for the purpose Of paw
ing, curbing and guttering the above
mentioned streets, or portions there
of, towit: Washington Street from
Howard Street westwardly to Mary
Street, and that part Of Market
Street from Main Street eastwardly
to the Pellucia Bayou Bridge and
that part of Lamar Street from Mar
ket Street southwardly to Carrollton
Avenue, and;
Whereas, it appearing from the As
sessment Rolls of said City of Green
wood, Mississippi, that the said $780,
100000 of bonds proposed to be issued,
when added to all of the outstanding
bonds of the said city, the proceeds
of which have not been invested in
enterprises producing or having sufi-
cient revenue over and above all OPP
Grating expenses to pay the interest
on these bonds, does not exceed in
amount seven per cent. of the assess
ed value Of the taxable property of the
said City of Greenwood, Mississippi;
Now therefore, be it ordained by
the Council of the City of Greenwood,
Mississippi,
First: That $4,000, or as much
thereof as may be necessary of the
bonds of the City of Greenwood, Mis-
sissippi, be issued for the purpose of
paving ,curbing, and guttering said
above described streets, or portions
thereof, which bonds shall be issued
in the sum of $4,000 and shall ma
ture the first day Of December, 1886.
Second: Said bonds shall be dat
ed the first day Of December, 1916,
and bear interest at the rate of 5 per
cent per annum from date, and said
interest shall be paid semi-annually
on the first day Of June and the first
day Of December, each year.
Third: Said bonds shall be litho-
graphed and signed by the Mayor and
counter signed by the Clerk Of the
City Of Greenwood, Mississippi, who
shall impress the municipal seal upon
said bonds, and interest coupons shall
be attached to each; interes tcoupons
shall have the Autographed signatures
Of the Mayor and Clerk, and the litho-
graphed signatures shall, in all re-
spects, be IS binding on the City of
Greenwood, Mississippi, as the origin
al signatures Of the Mayor and Clerk
would be. Each bond shall specify on
its face the purpose for which is
sued, and each bond shall be made
payable to bearer.
Introduced by 9. P. Elliott, read by
the Clerk and filed with the Clerk,
the 18th day Of October, A. D.
1916.
s. H. MONTGOMERY, Clerk.
Approved: 6. 1. RAY, Mayor.
The foregoing ordinance or reso-
luton was introduced by G. P. Elliott,
read by the Clerk at a regular and
meeting Of the Council Of the
City Of Greenwood, Mississippi, and