The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1917-04-06
$20.O0O.O0
GREENWOOD. MISSISSIPPI.
STREET PAVING BONDS.

Inc OIIy COuiCii VI Vic City VI
Greenwood, in the County of Lefore
and State of Mississippi, met, pursu-
ant to adjournment on the 26th day of
March, A. D., 1917, the same being
an adjourned session of said council,
with the following members present:
G. L. Ray, Mayor, G. P. Elliott and
T. H. Baird, Couneilmen.
There being a legal quorum pres
ent, the following ordinance was pre-
scented by G. L. Ray, and, upon motion
of G. P. Elliott, duly seconded by T.
H. Baird, was unanimously passed and
adopted: AN ORDINANCE PRE-
SCRIBING THE FORM AND DE-
| TAILS FOR THE ISSUANCE OF
OF THE TWENTY THOUSAND
DOLLARS ($2O,OOO) STREET I'M
|PROVEMENT BONDS OF THE CITY
OF GREENWOOD, LEFLORE
COUNTY, MISSISSIPPI.
WHEREAS, by an ordinance duly
adopted and passed by the City Coun-
Gil of the City Of Greenwood, in the
County of Leflore, State Of Mississippi,
on the 7th day of November, A. D.
1916, ordering a special election to
be held on the 9Th day of December,
1916 for the purpose of submitting
to the qualified electors of said city,
who are legally qualified to vote at
such election, the question of incurr-
ing an Indebtedness to the amount of
Twenty Thousand Dollars (20,000)
and issuing negotiable coupon bonds
of the City of Greenwood, Mississippi,
to become payable within twenty
years after date, for the purpose Of
paving, curbing and %guttering Wash
ington Street from Howard Street,
westwardly to Mary Street and that
part of Market Street, eastwardly to
Pelucia Bayou Bridge, and that part
of Lamar Street from Market Street
to Carrollton Avenue; and,
WHEREAS, an election was duly and
regularly called and held in said City
of Greenwood, IN the 9th day of De-
cember, A. D., 1916; and,
WHEREAS, more than two-thirds
of the qualified electors Of said City,
voting at said election, voted in favor
of the issuing of said bonds as afore-
said,
NOW, THEREFORE, Be it ordained
by the City Council of the City of
Greenwood, Lefore County Mississip-
pi, as follows:
Section /. That the Mayor and
Clerk of the City of Greenwood, Le-
fore County, Mississippi, be land they
are hereby, authorized and instructed
to have prepared, and to issue and
execute for and on behalf of the said
City of Greenwood, the negotiable
coupon bonds Of said city to the
amount Of Twenty Thousand Dollars
$50, O0O), which bonds shall be desig-
mated STREET IMPROVEMENT
BONDS and shall be in denomination
of Five Hundred Dollars ($5OO.OO)
each, numbered from n III to forty
(4O), both inclusive, and shall become
due and payable Twenty years from
their date. Said bonds shall bear in
at the rate Of five per centem
Is per cent? per annum, payable
semi-annually on the first days OF
June and December in each year, in
money Of the United States OF
America, at the banking house of the
First National Bank, in the City OF
Chicago, Illinois.
Section 2. That the said bonds shall
be signed by the Mayor and counter
by the Clerk of said City OF
Greenwood, Mississippi, and shall bear
the impress Of the corporate seal OF
aid, City, and that the annexed in (
crest coupons shall be executed by ]
he autographed facsimile signatures
said Mayor and Clerk, which litho-
yraphed signatures are hereby adopt
I'd by the said City.
Section 8. That said bonds and
coupons shall be in substantially the i.
following forms, respectfully, to-wit:
10 $500
UNITED STATES OF AMERICA
State of Mississippi !
County Of Lefore
CITY OF GREENWOOD
STREET IMPROVEMENT BOND