The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1917-02-24
AN

t0-Wlt:
An ordinance in relation to the il
suance of bonds for the purpose {
= paving, curbing and guttering ths
:, part of Washington Street, fror
Howard Street westwardly to MAJ
Street, and that part Of Market Stree
form Main Street eastwardly to Pc
. lucia Bayou Bridge, and that part Q
Lamar Street form Market Stree
southwardly to Carrollton Avenue.
Whereas, there is an immediat
necessity for paving, curbing and gut
tering that part of Washington
Street from Howard Street westward
ly to Mary Street and that part o
Market Street from Main Street east
wardly to Pellucia Bayou Bridge AM
that part of Lamar Street from Mar
ket Street southwardly to Carrolltol
Avenue, and;
Whereas, said improvement re,
quires an unusual outlay and cost ir
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,
000.00), or SO much thereof as may
be necessary for the purpose of paw
ing, curbing and g~uttering 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,
10000 of bonds proposed I'd 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 suf6-
cient revenue oyer and above all op-
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, 1915,
and bear interest at the rate of s per
cent per annurn 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
laid bonds, and interest coupons shall ,,
attached to each; interes tcoupons
hall have the Autographed signatures
# the Mayor and Clerk, and the litho- {
yraphed signatures shall, in all re-
poets, be as binding on the City of '
Greenwood, Mississippi, a. the origin
i signatures Of the Mayor and Clerk 9
would be. Each bond shall specify on :
Is face the purpose for which is !,
ued, and each bond shall be made !.
to bearer. IL
Introduced BY G. P. Elliott, read by q |,
he Clerk and filed with the Clerk, a
lii the 18th day Of October, A. D. u
Die. 81
8. H. MONTGOMERY, Clerk.
Approved: G. L. RAY, Mayor. O
The foregoing ordinance or reso. Il
was introduced by G. P. Elliott, Ia
~ the Clerk at . regular and
,blic meeting of the Council Of the "a
Of Greenwood, Mississippi, and b,
ID with the Clark for public inspsc- p,
N for two weeks, then read by the M
ERIK ct the rssulsr November meet.
: q ths said Counsel of the City Of er
xjalssipyt xhisA ss,4 ~