The Pascagoula chronicle. (Pascagoula, Miss.) 1905-1920, 1919-04-19
Ordinance No. 10, 1918.

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An ordinance entitled az ordinance
To authorize The Issue OF the iodn
certificates Of the City VI Pascagould
for a loan OF Five THOUSAND Doliafs
u te used Tor the construction VI an
additional pubic school DulIdIhR III
SAID Guy.
Be II ordained by the CITY Council
Of tie City OF PascaeUuia, MISSISSIPPI.
Section That iUf the purpose VI
raising money for tie construction Vi
au aodiliunal public school building
Ia the saio CITY, for which Inc genera
Improvement funds are ihsullcleut,
The loan certificates VI The CiiY OF
Pascdguula Ia The total snIn oil FIVE
Thousand Dollars divided iDto one
certificate for the sum VI One Ibhus'
aud Isl ,OOOl Dollars payable one year
after date. two certificates Ul Oue
Thousand $1,000 Dollars each pay
able Two years after date ana Two
certificates OF Que Thousand vi ,OOol
Dollars each payable three years dilef
date, 10 be issued aud dated the ISL
day Of May, 1919, ana beaiine Interest
at the rate Of SIX per cent per anhun
! from The date OF ibeir issue until
pad, are hereby authorized 10 De Is
sued aud Negotiated Tor procuring
such loan Of the said sun OF FIVE
Thousand Dollars, subject tU The APP
1 prUrdl Of naJurIly OF the electors VI
SAID City at 4 special election u be
called and held for such purpose as
provided ny law; said IOau certificates
shal be signed 10y the Mayor aud
cuuutefslgned by lie CITY Clerk, "bO
shall attach the seal OF be CITY there
To, aud snail be In the form aud By
ures as follows, tC-Hit:
UNITED STATES OF AMERICA.
City Of PascagUula Loan Certl.
ticate No
Inc State OF Mississippi ooo ~
jackson County
City OF Pascagoua:
Know all men by these presents |
that the City Of Pascavoula, 10 the |
State Of Mississippi, her eby acknOwI-
edges Itself To owe aud Tor value Ie-
ceived promises to pay to the bearer
hereof On The lsL nay Of May, 1920
Que Ihsurand 600! Dollars iu the
lawful current money Of the United
States VI America aud further to pay /
Interest thereon frUm date at the rate
ol SIX per cent per annum until PAID
III IKE current money OF the United
states, Dayable SEMI ANNUALLY uu Tue
tirst days Of May aud November, both
principal and interest Of this loan
certificate 10 be payable at tile office
Of The Clly Clerk Uf said City Of Pas
cegpula.
hi lf,lrl ia
LUIS lodn ceitIncdle IS one OF
se''es vi rive Ludu Ctt tiucdtes anu
uulhoeieu from ohe ~ rive Inclusive,
nu VI IKE TENOR Que due ia one year
aiter oaie' Two Que Two years after
uate auu TWO Que three years AFTER
udte, Fsueu ioi Tue purpose VI piO'ld-
Jug iuLus LOT tue CONSTRUCTION OF an
duuitl >na' puoilc school Ouiidihg 10
'aiu C'y, DIS aulhoi iZ1n ny an ofAl>
udnce oi lhe eily CUuucii huiY
auupteu un Tue l9IiI ddy III March,
1913, anu WHICH Mas punished IL
puollc newspaper VI sald CITY aud ,
iu'J e"', ii'u ~ Tue uihlhauce uhuh,
a. plo''ueu ny law, btlbs Uidlbahce
III, 1913.
~ Is certiutu Ifldt the foregoing I
,. ahce authofiZlhR Tue issue OF
'h's Loan Ceftlncale was introduced {
u Tie FORM Ia which 1t was finally
'uupleu ny Tue CIty COUNCIL, was read
y Tue Cietk AT a regular meet!rE 10 5
lie sald Cbuucii and thereatttf re-
haited on ME WIZ! SAM ft,ty ttee-..
- e.. '"' feOO''" ~ ., east Two weeks 9
)ef0fe its 1nai passage ana adoption, &
nat said ordinance was thereafter 4
approved by majority vote vi tue /
Iualitled electors OF SAID CITY OF Pas. t
agOula voting thereon at special
lection duly ordered aud held for
nat purpose ia said City iu the man.
Ier provided by law la such cases on