The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1918-03-09

J. l.. Smith. mileage -, per
per diem $4.00. total l1..... 400
w. f. Litton. mileage $1.40, per
diem $500, total .............$5.40
P. B. Woodland, clerk, per diem 800
L. G. Dean, sheriff. per diem. 200
The following claims, approved by
two commissioners, are now audited
and allowed:
Phalia Separate Road District
Rosedale Gro. Co. .............$238.41
j. ID. Adams -.---.-----.-----.---.-.--.- Z.64
a. A. Henry, pay roll --.......... 1880
A. A. Henry, pay roll ............ 101.65
Ordered that the assessment of SO
or NV or and sw oar sw or and hf
lie or ne or. Section 10-21-5, be
changed to read 100 acres at $500
per acre; total $500.
Ordered that the assessment Of n hf
n hf NV or. Section 1925 be re-
duced to $147, and the assessment OF
ne or ne or Section 1925 be re-
duced to $3.50.
Ordered that the assessment Of n
hf of hf of ne or, Section 5-23-5
be changed to read nineteen acres
valued at s1619.
Ordered that the salary of ]. S.
Young, sergeant, be raised in the sum
of s25.
Ordered that ]. T. Robinson be ap-
pointed road commissioner of the
Eastern Separate Road District vice
c. P Metcalfe, resigned.
It anpearing to the Board that
$150,000 Of the outstanding bonds Of
Bolivar County will fall due on May
is, 1918, and the Board having ad-
vertised for proposals for the pur-
chase of &150,O00 of bonds of said
county, the proceeds to be applied to
the retirement of said maturing
bonds. and having received a bid from
the Mercantile Unoin Trust Co. of
par, accrued interest and other ex-
penses. and a premium of $2375.O0.
and the Board being satisfied that It
is to the best interest Of the county
to accept bid, and TIE said bidder
having deposited with the Board the
sum of $4,000 as forfeit of liqui-
dated damages should they fail to-
make good said bid under the terms
Cf their contract this day entered into.
it is now ordered that the said bid be
and the same is hereby accepted and
the contract for the purchase be
spread upon the minutes. as follows:
Cleveland. Miss, March 4, 1918.
To the Board Of Supervisors Of Boil
var County, Mississippi, Cleve-
land, Miss.
Gentlemen-For $15O,O0O Bolivar
County, Mississippi. refunding bonds,
bearing interest at the rate of 1-2
per cent. payable semi-annually, both
principal and interest payable at Han
over National Bank. in New York,
NJ Y, being in denominations Of
20 tn
twenty years from date OF issuance,
without option of prior payment,
said bonds to be dated at such time
approving the issue.
We will pay you par and accrued
!, interest and premium Of $2375. 90
upon delivery of the bonds to us. It
is understood that the legality of the
proceedings authorizing the issuance
of these bonds shall be approved by
John C. Thompson or Wood & Oakley.
bond attorneys. prior to the delivery
. Of the bonds to us, said attorneys to
furnish proceedings if he shall hold
that the bonds can be legally issued.
We agree to pay the expenses Of Sc
curing the attorneys opinion. and
also to furnish blank bonds for the
issue.
1t is also understood interest on the
old bonds stops at the next interest
paying date, and that we receive the
accrued interest from date Of delivery
to the county of the proceeds of the
new bonds.
We hand you herewith our certified
check for 100000, to be collected by
you and applied as liquidated dam
ages in the event we fail to carry out
the terms OF this contract, otherwise
to be returned to us.
MERCANTILE UNION TRUST COM
PANY,
BY Hunter Jones.
The above offer was this day ac-
cepted by resolution of the Board OF
Supervisors Of Bolivar County. Mis-
sissippi, this, the 4th day of March.
1918.
w. A. S~aaEes offered the follow
ing resolution:
It appearing to the Board that
there are no funds in the county
Treasury availabl for the payment
of Ore Hundred and Fifty Thousand
Dollars of the outstanding bonds of
Bolivar County. maturing on May 10,
1918, it is now declared to be the
intention of this Board under the
authority of Section 331 of the Re-
vised Code of 1905, to issue One Hun
drcd and Fifty Thousand Dollars of
tho bonds of Bolivar County and to
sell the same to raise money with
which to pay off and retire the above
mentioned and outstanding bonds OF
said county, and to that end 1t is
now ordered that the clerk OF this
Board cause to be published in a
newspaper published in this county
for a period of at least three weeks
, preceding the first Monday in April.
notice substantially in the follow
ing words and figures, to-wit.
Notice of Proposal to Issue One
Hundred and Fifty Thousand Dollars
, of Bolivar County Refunding Bonds.
Notice is hereby given that unless
on or befoer the first Monday in
April, 1918. a petition signed by at
least ten per cent of the adult tax
payers in Bolivar County, exclusive Of
those who pay poll taxes only. is
filed against tho proposal, the Board
lof Supervisors OF said county will pro-
ceed at its meeting in Rosedale on
the first Monday in April, 1918, to
issue under the authority of Section
221 Of the Revised Code of 1906.
One Hundred and Fifty Thousand
Dollars OF the bonds of said county,
the proceeds to be applied to the
payment of q like amount of bonds