The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1918-01-18

and signed. Whereupon the follow
ing proceedings we're had:
Ordered by the Board that A. ].
Mccormick be and he is hereby en-
ployed as Road Commissioner for Gre
NADIA County at and for the sum of
three dollars and fifty cents per day
for the time actually served. Order
ed this 10th day of January, 1918.
Mr. Carpenter offered the follow
ing:
Whereas, the Grenada Bank has
notified this Board through its at
torney, Mr.. Mitchell, that owing to
the delay in having the $35, 100000
Of bonds sold to them at the No
vember, 1917 meeting Of this Board
legally offered and delivered they do
not consider that their contract of
purchase is in force or binding; which
is in accordance with their oral agree
ment with this Board that they would
take the bonds provided the Board
woul have same legally approved
without delay;
Therefore, be it ordered. and re-
ment made with the Grenada Bank at
solved that the contract or agree
the November 1917 meeting of this
Board for the purchase of $35. 1000. 90
OF 5 per lei bonds of this county,
be and the same is hereby cancelled
and annulled, and all orders and reso-
buttons authorizing the issuance and
sale of bonds are likewise cancelled
and annulled. which. upon being sub
mitted to a vote was unanimously
adopted.
Mr.. Carpenter offered the follow
ing:
Whereas, this Board did elect to
bring Grenada County, Mississippi,
under the provisions of Chapter III,
Laws Of Mississippi for 1916, at its
May, 1917, meeting which Chapter
was then construed as being an
amendment Of Chapter $50 Laws of
mississippi, 1910, and,
Whereas. it was the desire of this
Board at that time to. bring this
County under the provisions Of said
chapter as amended and extended;
Therefore. be it resolved and or
dered that Grenada County, Missis-
sippi, be put under the provisions of
Chapter $50, Laws of Mississippi,
1910, as amended and extended by
Chapters 257 and 25S Laws Of Mis-
sissippi of 1912 and Chapters 172
and 17 Laws of Mississippi 1915
asxan additional method of working
the public roads of Grenada County,
and,
Whereas, this Board is in immedi-
ate need of funds with which to pay
for working the public roads Of Gre
NADIA County; and,
Whereas. the Bank of Commerce
& Trust Company of Memphis, Ten
~nessee, has offered to purchase $685.
10000 of bonds Of said County bear
6 per cent interest payable semi-an-
nually and maturing seriafiy after
ten years, and to prepare without de-
lay certain papers to be passed. by
this Board authorizing the issuance
of said bonds as legal and binding
obligations of Grenada County; and,
Whereas, this Board is of the opin-
ion that the best interest of this
County to accept said offer which
provides that they shall pay for and
accrued interest for said bonds;
Now, therefore, be it resolved and
ordered that bonds Of Grenada Coun.
ty be issued to the amount of thirty
five thousand dollars for the pur-
pose of raising funds for working
and constructing public roads in Gre.
NADIA County under provisions Of
Chapter $50 Laws of Mississippi Of
1910, as amended and extended by
Chapters 257 and 25S Laws of Mis-.
sissippi 1912 and Chapters 172 and
III Laws of Mississippi 1915. Said
bonds shall be in denominations .ot
100000 each--shall be numbered
from one to thirty five both inclus.
i've, shall be dated January LIST. 1918
and mature 100000 on January LIST
1928, and five thousand dollars Jan.
uary fst each year thereafter until
all r paid, shall bear interest al
the rate of 6 per cent per anuum evi.
denced by coupons attached payable
semi-annually January and July first
each year, both principal and interest
to be payable at the Hanover National
Bank, New York City, New York
Said bonds shall be signed by the
President Of this Board and counter