The Columbus commercial., 1917-03-15

AIN OkDiNAN(E providing tor the
Issuance by the City of Columbus,
Miss, of $25, 100000 Of the Colum-
bus Separate School District Bonds
to supplement the former issue
thereby of $50, 100000 of bonds,
for the erection and equipment Of
its High School building.
WHEREAS, at an adjourned
meeting of the Mayor and City Coun-
Gil of the City of Columbus, Miss,
held at its regular place of meeting
on the 9Th day of February, 1917,
an ordinance was adopted providing
for an additional issue by the City
of Columbus, of Columbus Separate
School District bonds to the amount
of Twenty-Five thousand ($25,00O)
dollars, in denominations of one
thousands ($1,000.00) dollars, to
mature in twenty (20) years from
the date of their issuance, and to bear
interest at the rate Of five per cen
tum (5 per cent? per annum, pay
able semi-annually to bearer, at the
office of the Secretary of this board
in the City of Columbus; said bonds
to supplement the former issue of
fifty thousand ($50,O0O.00) dollars
of bonds for the erection and equip
ment of the Columbus Separate
School building: and
Whereas, it was provided by said
ordinance that said issuance of
bonds to the amount of twenty-five
thousand ($25, ,O00.00) dollars should
not be made until after the expira-
ton of three weeks from the date of
the first publication for three weeks
Of said ordinance, and then only IN
the absence of the filing in the mean.
time of a petition of twenty (2U per
cent? per centun of the adult tax
payers of the Columbus Separate
School District against said issuance,
unless subsequently authorized by
majority of the electors of said
School District voting in an election
to be ordered fer that purpose; and
Whereas, publication of said or
ainance was first made in the Co
lumbus Commercial, a newspaper
published in the City Of Columbus,
Lowndes County, Mississippi, in its
issue Of February III, 1917, ard re-
appeared therein for four consecu-
tive weekly issues, thereof; and
Whereas, no petition against said
issuance of the bonds having beer
in the meantime files; now, therefore
Be it Ordained by the Mayor and City
Council of the City Of Columbus,
Miss:
Sec. /. Tat to carry into effect
the provision Of said Ordinance
adopted February Sth, 1917, this
council proceed to have prepared for
issuance and sale, bonds of the Co
lumbus Separate School District TO
the aggregate amount of twenty-five
thousand ($25, 100000 dollars, in
denominations OF one thousand ($1,-
100000 dollars, to mature twenty
f20) years from the date of their is
suance, to bear interest at the rate
of five Is per cent? per centum per
annum, payable semi-annually to the
bearer, at the office Of the secre
tary of this board in the City Of Co
lumbus, Mississippi.
Sec.2 Be it Further Ordained,
That all such bonds be Autographed
or engraved, and printed in two or
more colors, and be registered as is-
sued, and numbered in regular Sc
lries from one upward, TO be signed
by the Mayor and countersigned BY
the secretary of this council, who
shall impress the municipal seal upon
such bonds as they are issued-each
Of such bonds to specify upon its
face the purpose for which issued
and the total amount authorized to
be issued.
Adopted March 6, 1917.
W. C. GUNTER, Mayor.