The Lexington advertiser., 1919-08-15

ter 2O9 being House Bill 500 of the Acts
of 1918 approved March 28, 1918, and
Sections 3415, 3416, 3419 and 3420 Of the
annotated code Of Mississippi Of 1905 and
all amendments thereto; to provide .
sinking fund for the security of said
bonds; to fix the tax levy for the payment
of same and for other purposes; said
bonds to be for the sum Of Forty Thous.
and $40,000.00) Dollars and to be serial
in form and to be numbered l to 40 In.
elusive and to bear interest at the rate Of
five and one-half per cent per annuna,
payable semi-annually."
And it is hereby certified and recited
that all acts, conditions and things to be
done precedent to and in the issuance OF
these bonds, have been properly done,
happened and performed in regular order
and form, as required by law and that
the total debt Of the City of Lexington,
Mississippi, including this bond issue
does not exceed any limits of indebtedness
prescribed by the constitution and laws
of the State of Mississippi and the pro-
visions of the law for the levy OF
direct and special annual tax sufficient to
paw the principal and interest Of said
bonds as the same respectively become
due. has ..,ssln made and will be duly levied
upon all the property subject to taxation
in the said city in the manner required
by law and that the good faith, credit
and resources of said city are hereby
irrevocably pledged to the payment of the
principal and interest of this issue OF
bonds.
In witness whereof this bond is sealed
with the corporate seal Of said City OF
Lexington and signed by the Mayor and
the Clerk of said city and the interest
nAAnohnl nUaanfoA xxyS4h
the signature Of said officials as author
lied and directed by the said ordinance
and the law.
Witness our hand this the 80. day Of
September, 1919.
s.,s.sa.s..ss...s.s MayVS
s2?,6o 1jii'''''''''''''''''''' s27.bO
On March-September IT, 1s...., the
City of Lexington, Mississippi, will pay
to the bearer ($27.60) Twenty-seven and
5O-lO0 Dollars at the City Treasurer's
Office in Lexington, Mississippi, being the
semi-annual interest due on City Of Lex.
ington Electric Light Bond No....:..
.............'.'.' A~y"F
Section 4. Be it further ordained by
the Mayor and Board of Aldermen Of the
City of Lexington, Mississippi, that for
the purpose OF provldlng 1or Lne payment
of the principal and interest of said bonds
there shall be and is hereby levied, as
sessed and taxed against all the property
subject to taxation within the limits OF
said city, for each and every year while
said bonds remain outstanding and un-
paid a special and direct tax over and
above and in addition to all other taxes
of sufficient amount and at sufficient
rate to meet and pay said bonds and the
| interest thereon promptly as the same
mature and that the revenue derived
from the operation of said electric light
plant are hereby pledged to secure the
payment of said bonds.
W. W. WILBURN, Mayor.
| W. L. JORDAN, Clerk.
The above ordinance was read and con-
sidered at a public meeting of the Mayor
and Board Of Aldermen Of the City Of
Lexington, Mississippi, by sections and
as a whole, having been first reduced to
writing, each section being first consid-
cred and voted on separately and then
the ordinance being voted on as whole
and each of said votes being as follows:
w L. Jordan, voting yea; w. M. Meek,
voting yea; B. s. Beall, Jr, voting yea 4;
E. H. Shaddock, voting yea; J. X. Young
voting yea.
hereby certify that the foregoing or.