The Brandon news. (Brandon, Miss.) 1892-1961, 1917-01-11
PROCEEDINGS or THE
BOARD OF SUPERVISORS

Inc D0arQ met III regular SEES
sion Monday morning, January
l, 1917, when the following bus
mess was transacted:
In re Couny Depository for
1917.
Be it remembered that, where
as the board of supervisors of
Rankin County,, pursuant to
Chapter 1914 of the Laws of 1912,
and amendments thereto, at its
regular December, 1916, meeting
instructed it's clerk to make the
necessary legal notice of inten-
ton Of the board of supervisors
to receive bids for the keeping OF
the county funds, or any part
thereof, for the year 1917; and,
Whereas, the said clerk pro-
ceeded, according to Law, and
gave the necessary legal notice
and bids are made and received
as follows, to-wit:
1st. The Rankin County Bank
of Brandon, Mississippi, bid for
the privilege of keeping all of
the county funds except the
Road Maintenance Funds of Su-
pervisor's District No. A, the
Cross Roads School Distl let
funds, the Clarksburg Consoli-
dated School funds. the Lodabar
Rural School funds and the New
Prospect Consolidated School Dis
trict funds, the sum of 2 per
cent per annum, on daily average
balances kept on deposit in said
bank to the credit of such funds;
End. The Pelahatchie Bank of
Pelahatchie, Mississippi, bid for
the privilege of keeping the Good
Road Maintenance Fund of Su-
pervisor's District No. 4, said
county, the Cross Roads CONSOLE
dated School District funds and
the New Prospect Consolidated
School District funds and Clarks-
burg and Lodabar School Funds,
the sum of 2 per cent per annum
on verage daily balance kept on
deposit with said bank to the
credit of such funds; and,
Whereas the said bids of the
said banks are the best bids for
the privilege of keeping said
funds for the year 1917, and the
said banks have filed with their
proposals a statement of the Sc
curity to be given said county as
such repositories; therefore,
1t is ordered, adjudged and de-
creed that the said proposals be
and the same are accepted, and
said banks are designated and
appointed as repositories for the
respective fur DIS, above named,
for the year 1917, beginning jan
uary 1st., 1917, and ending De-
cember 31st. 1917. and until new
arrangements are made by board
of supervisors as provided by law.
It is further ordererd and ad-
judged that the said banks. as
as such repositories shall enter
into bonds in, the following sums,
to-wit: The Rankin County
Bank, in the sum of $6O00O.0 90,
The Pelahatchie Bank, in the
sum of $6000.00, with. any of
the securities named in Section
3 of the said act of 1914, all such
securities to be subject to approx
al of the county attorney.
Ordered and adjudged, this the
LIST day of January, 1917.
Pelahatchie Bank of Rankin
County, having compli I'd with all
the requirements of law, and
having placed the following ap-
proved securities with county
Treasurer, to-Wit:
u. S. Fidelity and Guaranty
Comnady in sum of 100000 is
hereby appointed and created a
depository of the county of Rank
in for a term CT one year, ending
the 1st. day of January, 1917, or
when new arrangements have
been made by the board of super
visors, for the following funds Of
said county, to-wit:
All county and district, road
and school funds of supervisor
district No 4, said county, and is
hereby authorized and empower
ed to receive and d'sburse the
said funds according to law and
the rules of the said board of SUI
pervisors but shall not have on
deposit at any one time an a.
mount exceeding the sum OF
$4,000. 90, the said depository a.
greeting to account for the use
of the said funds there kept on
deposit and to pay interest there
on at the rate of 2 per cent per
annum on the average daily bal
ance, and in the manner provided
by law for the use of county
funds.
J. J. DANIEL,
President of Board of Super
visors.
j. A. ROBINSON,