The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1917-02-26
AN ORDINANCE

CUINHllSSlOIlcIo VI all tlcCIlOI Iclu U
the 9Th day of Dec. 1916, at which wa
submitted for approval the ordinanc
in relation to the issuance of bond
for the purpose Of paving, curbing an
: guttering certain streets, or avenue
or portions thereof in the City c
Greenwood, Mississippi.
Whereas, IN Tuesday the 18th Ga
of Oct. 1915, the same being a regula
meeting of the Council of the City 0
Greenwood the following ordinance
to-wit:
An ordinance in relation to the is
suance of bonds for the purpose o
paving, curbing and guttering tina
part of Washington Street, from
Howard Street westwardly to Mar,
Street, and that part Of Market Stree
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, OF portions there
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,
of bonds proposed to be issued,
when added to all of the outstanding
ponds Of the said city, the proceeds
If which have not been invested in
enterprises producing or having suffi-
,ient revenue over and above all op-
expenses to pay the interest
IN these bonds, does not exceed in
amount seven per cent. of the assess
ID value Of the taxable property of the
aid City of Greenwood, Mississippi;
Now therefore, be it ordained by
he Council of the City of Greenwood, !
Mississippi,
First: That $4,000, or as much
hereof as may be necessary of the
'onds of the City of Greenwood, Mis-
issippi, be issued for the purpose of
aving ,curbing, and guttering said ,
bove described streets, or portions :
which bonds shall be issued :
! the sum of $4,000 and shall ma
IRE the first day Of December, 1886. /.
Second: Said bonds shall be dat
d the first day of December, 1916,
nd bear interest at the rate of 5 per =
snt per annum from date, and said :
lterest shall be paid semi-annually :
4 the first day of June and the first =
" Of December, each year. :
Third: Said bonds shall be litho- :,
and signed by the Mayor and u
'unter signed by the Clerk Of the o .
.ty of Greenwood, Mississippi, who =,
all impress the municipal seal upon u
id bonds, and interest coupons shall a.
attached to each; interes tcoupons :,
have the Autographed signatures y
the Mayor and Clerk, and the litho. ~ ;,
aphed signatures shall, in all re. :"
ects, be as binding on the City of "
'eenwood, Mississippi, as the origin '. =.
signatures Of the Mayor and Clerk VI
'uld be. Each bond shall specify on w
face the purpose for which is a.
ID, and each bond shall be made ".
.able to bearer. -
by G. P. Elliott, read by ~
Clerk and filed with the Clerk, ue
8 the 18th day Of October, A. D. VIZ
g.
s. H. MONTGOMERY, Clerk.
approved: G. +. RAY, Mayor. Of
he foregoing ordinance or reso- tic
on was introduced by G. P. Elliott, lay
d by the Clerk at q regular and
lie meeting Of the Council Of the sal
7 Of Greenwood, Mississippi, and BY
! with the Clerk for public inspec. pul
for two weeks, then read by the Mi
--.V-. -yJE. Li HHt.