The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1918-06-14

$Z0o.o0 Tor the year 1916, anu pay SAM
into the proper funds of the County.
Whereas the clerk of this Board report.
that there are outstanding and unpaid
about $lS. 100000 of County Warrants. ant
Whereas, it is estimated that about 3d.
900. 90 of claims against this County will b.
presented at the present meeting of this
Board and payment demanded, and that Il
will take s15O0.00 additional to l~iquidate the
obligation of this County. represented by
contracts let and obligations not yet due
but which will be due and payable before
the annual taxes become available: there
fore. be it
Resolved and ordered that this Board
issue and sell an amount of bonds sufficient
to pay all outstanding warrants and obliga-
tions of Grenada Countyfi but not to exceed
in amout thirty thousand dollars. said bonds
to be issued in accordance with Chapter
2O9, General Laws of Mississippi for 1918
Be it further ordered that said bonds
shall be dated June LIST. 1918. be in de-
nominations of 100000 each and mature
] one bonA on June LIST, 1919. and one bond
, June LIST each year until all mature, shall be
numbered from one to--both in
elusive. shall bear interest at the rate of
SCI per annum payable semi-annually June
LIST and December 1st each year. said in
terest to be represented by coupons attach
ed both principal and interest to be made
payable at the office of the County Treasurer,
| Grenada. Mississippi. or the Hanover Ma
tional Bank. New York. New York. at the
| option of the helder. shall be signed by the
i freSlUenI OI InlS DOdTu III W
the Clerk, who shall impress the seal of the
County on each bond as it is issued and
the coupons shall bear the autographed sig
natures of the same officials.
Said bonds and coupons and certificate at
tached shall be in substantially the follow
No 100000
UNITED STATES OF AMERICA
STATE ON MISSISSIPPI
COUNTY OF GRENADA
ROND
Know all Men by these Presents, That the
County of Grenada, in the State of Missis-
sippi. for value received, will pay to bearer.
en- the first day of June. 10. the sum of
ONE THOUSAND DOLLARS
Il. 0o0. 0O). in lawful money of the United
States of America. with interest from date
at the rate of Six Per Cent (6Gn) Per An
mum. payable semi-annually on the first
days Of June and December of each year. as
evidenced by and on the presentation and
surrender of the annexed coupons as they
severally become due: both principal and
interest payable at the Hanover National
Bank. New York City, New York. or the
County Treasurer's Office in Grenada. Mis-
s~issippi. at the option of the holder; and
for the prompt payment of this bond. both
principal and interest, as they become due
he full faith. credit and resources of said
County of Grenada are hereby irrevocably
pledged.
This Bond is one of a series of thirty 600
bonds of life date, tenor and amount. ex-
cept as TO maturity, aRRreBaIlnS lnrly
Thousand Dollars $50, 600. 00), isuued for the
purpose of funding the outstanding war
rents and other Obligations of Grenada
County. and is issued under and pursuant
to and in full compliance with the Consti-
tuition of the State of Mississippi and the
statutes Of said State, including among 9TH
ers Chapter 209, General Laws of Missis-
sippi. 1918. and under and pursuant to the
proceedings of said Board of Supervisors
duly and legally had and adopted; and for
1. -r1,a{ IN ~ Of fhic hnnH and the
interest thereon the Board of Supervisors
hereby covenants and agrees THAT 1t vii
levy annually a special tax upon all the tax
able property in said County sufficient for
said purposes.
1t is hereby certified, recited and de-
clared. that all acts, conditions and things
required to exist, happen and be performed
precedent to and in the issuance of this
bond have existed. have happened and been
performed in duetime. form and manner as
required by law. and that the amount of
his bond, and the issue of which the same
forms a part. together with all other in
debtedness of said County, does not exceed
any limit prescribed by the Constitution of
said state. or by any statute thereof. and
this bond is exempt from taxation within
he State of Mississippi.
In witness whereof. the Board of Super |
visors of Grenada County, Mississippi. has
caused this bond to be executed under the
corporate seal of said County. and signed
by the President of said Board, counter
SlRned by the CLERK thereO1, anu mas CduSeo
the interest coupons annexed hereto to be
executed with the Autographed fac-simile
signatures of said President and Clerk, and
his bond to be dated the first day Of June,
1918.
President Board of Supervisors. Gre
NADIA County. Mississippi.
Countersigned: /
-----------Clerk Board of Supervisors of
Grenada County. Mississippi. |
FORM 0E COUPON l
On the first day of June and December.
H., The County of Grenada. State of
Mississippi, will pay to bearer, Thirty Dol |
States of America. at the Hanover National
Bank. New York City. N. Y, or the County
Treasurer's Office in Grenada. Mississippi. |
at the option Of the holder. for the semi
annual interest due that day on it's Fund |
ing Bond. dated June LIST. 1918, No.------l
------President
Registration Certificate
L. M. E. Powell, clerk of the Board of
Supervisors of Grenada County. Mississippi. |
do hereby certify that the within bond has
been duly registered by me. pursuant to
Office.
Dated at Grenada. Mississippi ---------,
1918.
Clerk of the Board of Supervisors of
Grenada County, Mississippi.
Be it further ordered that the full faith.
credit and resources of said County are
hereby pledged for the prompt payment of
these bonds and the interest hereon as
they respectively mature; and a special an
nual tax is hereby ordered collected on all
the taxable property in Grenada County.
Mississippi, sufficient to pay said principal
and interest as it matures: |
Be it further ordered that the President
and Clerk of this Board hereby ordered to
sign. and seal said bonds and do such
Kings as are Necessary to make them legal
and binding obligation of this County and
deliver same to the purchasers upon pay
ment of the purchase price in AMOUNTS and
at such times as the now outstanding war
rants or other obligations of this County
are presented for payment, which upon be-
ing put to vote was ordered spread upon !
the Minutes. The Clerk of the Board stated |
they were now ready to receive bids for
bonds as set out above and after some dis
cussion the representative of the Bank Of
Commerce 4 Trust Company, Memphis, Of
fered q bid Of par and interest net which