The Pascagoula chronicle., 1919-04-05
Ordinance No. II, 1919.

An ordinance entlLled an urd,nanc
TO authorize the issuance II loa,
certitlcaies of lie (,Itv nf pasc.vu,,l,
Tor a loan OF TbjrLy.Oue Thullsaut
| Dollars 1881 .OOO) to be used for i'm
proving tue streets of said CIV.
BE it ordained nv the CIV Counci
OF the CITY OF Pascapt,,lla. Mlsslss,uDi
Section l.-ThaL Tor ne ullrposa o
raising money for DruvlDp the
streets OF sad City. I,r which IN,
general imuruvpu, m fund ,s Insutti
Paseaso"a es un lne s",a q sue sum o'o
THIRTY. One Thuisand Dollars (SYI 600,
divided into Thirty.One certlticaLes
for 81, 900 each, eleven of whlch are
payable one year after date, ten GER
Llf1cates for 81, QUO payable two years
alCer date and ten Tor $1,000 payable
three years alter date, To neissued aud
dated the lst day OF May, 1919. and
bearing interest at the rate OF SIX per
cent per annum from date Of issue
until paid, payable semI-aunuallY, are
hereby authorized TO be Issued aud
USED Tor the purpose Of procuring such
loan VI S3l 200 subject Ju the approval
Of the elecLurs OF tie City of Pasca :
goula at special election to be Ca liz d
and held for such purpose, as prutid-
ed b, law.
Sucn loan certificates shall be sign
eu oy lne mayor anh counterslened ny
uy Tue OlIy GEEK, VINO snail attach
.ne sea vi we City tuerelo, anu shaIi
pe ~ ~, u az az lodI0ws, to>ml!:
~ ED l ho or AM EhlCA'
NioS VI iascdgou'd Loah Oerli"
IN, nCate NO
nc "'d'e vi n'ss's''ppi a, ooo 90
1., o ol,ooo.oo
oaonso' Ooun'y
VI asIaeouia.
hno" a'l men oy uhese preeehls
thaC the CITY OF PascagCula, IN the
State OF Mississippi, hereby acknowI-
edges ltself TO owe and for value re-
celved promises to pay t. tue bearer
on Vie lst day ol May, 1872. One
Thousand Dollars ISL ,000) IN the laws
ful current money VI the United
states uf America, and further to pay
Interest thereon from date at the rate
OF SIX per centum per annum uutii
paid III like curtenl money Of United
states, payable semi annually, on the
lst Gays Of May aud November, both
principal and Interest OF this loan
certificate sliall he payable at The
Oillce of Inc CitY Clerk Of sad CITY OF
fhscagoult.
This Loan Certificate is one or a
series Of Thirty.One Loan Certificates
and numbered lrt,m one TO THIRTY. One
inclusive. and of like tenor, Eleven
for 81, 900 due one year after date, ter,
for 81, 900 due two Years after date aud
ten for 81 900 due three wears after
date, issued for the purpuse of proyld
ing funds Tor the purpuse OF uefrayInp
the exIenses Of SAID ClLy in improving
the streets Of sald Citv. authorized nv
an ordinance uf the Civ CouucII dulI
adopted on the. day of . 1919
and which was published in a putlic
in said City and duly en-.
rollei Ihe Ordinances Rock az nrn.
yjned by law, beinr Otdiuauce M. II.
1919.
1t is certified that the foregoing
authorizing the issue OF
this loan certificate was Introduced
in the form IN which il was finally
adonted nv the CItv Colucu. was
read nv The Clerk AT a regular meet.
inV nv the said Coupcll and There,
alter remained ON file with said civ
CLARK far uuhlic insnectinn fur .t
least two weeks before its final mas,
sage and adoDtiuu. Ihat said nrdt.
nance was thereafter approved by
majority OF the qualified electors or
said CIV of pascapoula voting there
IN at a snecjal alection duly ordered