The Pascagoula chronicle., 1918-11-09
w. w. WALKER,
S. H. FREDERIC,
G. S. MERIWETHER,


s. H. FREDERIC,
c. S. MERIWETHER,
Commissioners.
Now therefore, be it ordained by
the Mayor and Board Of Aldermen OF
the City of Pascagoula, Jackson
county, Mississippi,
Sec. /. That said report of said
Election Commissioners, be- and the
same is hereby accepted, ratified and
approved. And be it further ordained;
Sec. 2. That the Mayor and Board OF
Aldermen of the said City of Pasca-
goula, Jackson County, mississippi,
this day issue and cause to be issued
municipal bonds to the extent of SIZE
100000 or as much thereof as may be
ecessary for the purpose OF providing
funds for the construction of Sanitary
and Storm Sewers and Street Paving
in said City of Pascagoula, Jackson
County, Mississippi and be it
further ordained,
Sec 8. That the Mayor, the Clerk
or any member of the Board be.
and is specially authorized to do any
and every act necessary and requisite
to the issuance of said bonds in that
of fixing or completing the said issue
in it's details.
Voted upon in sections and adopted
as a whole this the 5th day OF Nov
ember, A. d. 1918. Aldermen Lewis,
Watts Nelson, Becht and Brondum
voting yes.
V. p. DeJEAN. Mayor
BECHT, Clerk,
r, d. aud Board of Aldermen
me mayor ~rdinance
having caused the following o.,
to be reduced to writing, same wa
read and considered section by sc
ton and adopted as follows:
An Ordinance Authorizing the Issuance
of s115,o60.00 Sanitary and Storm
Sewers and Street Paving Bonds, of
the City Of PascagouIa, Mississippi.
Whereas, at special election duly
called and held on the 22nd day of
October, A. D. 1918, in the City of
Pascagoula, Mississippi, more than
two-thirds of the qualified electors of
said City voting in favor of issuing
said $115,OOOOO Sanitary and Storm
Sewers and Street Paving Bonds, |
therefore:
Board of Aldermen of the City of |
County of Jackson, State |
of mississippi:
Sec L. That for the purpose of con-
structng Sanitary and Storm Sewers
and Street Paving iii and for said City,
the negotiable coupon bonds of said
City shall be issued to the amount
1f $115,000.00 or as much thereof as
nay be necessary, in denominations
If 100000 each and shall be lis in
number, numbered from one to 115
Goth inclusive. Said Bonds shall be
.nown as Sanitary and Storm Sewer
md Stret Paving Bonds of 1918" and
hall be dated December 1st, 1918, and
,ayable semi-annually as follows;
Bonds numbered from 1 to 8 both ,
shall mature, bonds each {
ear, December 1st, 1919 to 1921, both |
inclusive, bonds numbered from four G
to 8, both inclusive shall mature z
wo bonds each year December 1st G
rom 1922 to 1924 both inclusive $
onds numbered from 10 to IS, both in +
lusive, shall mature three bonds each 7
ear from 1925 to 1927, bonds num- E
cred from 10 to 2S shall mature 5 4
onds each year from 1928 to 1929,
onds numbered from 30 to 81 shall q
nature six each year in year 1880, t
onds numbered from 35 to 66 shall
nature eight each year from 1881 to a
934, bonds numbered from 81 to rs s
hall mature in the year 1885, bonds f
umbeIe fiom &c to 95 shall mature a
an each year from 1886 to 1887 both |,
iCluslNS, ana EUtluS lslilb Gu lioiii s
s 10 lis both inclusive shall mature v
ecemher 1st, 1888, and December 1st s
each year shall be the ma turity date r
all said bonds maturing in each
wen year @
Said bonds shall, bear interest at the C
tie OF six per centum per annum, o
ayable semisnnually on the ist day b
: December and lst day OF May of
ich year, as evidenced by interest p
,upons attached to said bonds. and o
9TH principal and interest of said a
,nds shall be payable in lawful money s.
the United States of America, at Il
e Continental and Commercial a
ational Bank of Chicago, Ill. p
Sec. 2. That the said Bonds and
oupons attached shall be substantial n
in the following form, respectively
wit: 81
nited States of America, State Of Mis- b.
sissippi, County of jackson. City Of
PaseasouIa, Sanitary and storm