The Pascagoula chronicle. (Pascagoula, Miss.) 1905-1920, 1919-03-29
Ordinance No. 10. 1919.

|
e for u loan OF Five Thousand Dollal
to be used for the construction OF a
additional public school building
, said city.
f BE it ordained by the City Counc
OF tie City OF Pascaguula, Mississippi
Section | That for the purpose {
raising money for the construction {
an additional public school buildin
. In the said City, for which the genera
improvement funds are insufficient
the loan certificates of the City @
PascaROula in the total snm OF Fiv
Thousand Dollars divided into on
certificate for The sum OF One Th0us
ana ($l ,0OO) Dollars payable one yea
after date. two certificates Of On
Thousand Isl ,0O0) Dollars each pay
able two years after date and tw
certificates OF One Thousand (Sl, ,OOO
Dollars each payable three years afte
date, to he issued and dated The Is
day OF May, 1919. and hearing interes
at the rate OF six per cent per annun
from the date OF their issue unit
paid, are hereby authorized u De is'
sued and negotiated for procuring
such loan OF the said sum OF Fiv,
Thousand Dollars, subject to the ap.
proval OF u majority Of the electors OF
said City at 4 special election to be
called and held for such purpose al
provided by law; said loan certificates
shall be signed by the Mayor and
countersiRned by the City Clerk, who
shall attach the seal OF the City there
to, and shall be in the form and 6g,
ures as follows, tC-~it:
UNITED STATES OF AMERICA.
City Of PascagOula Loan Certi.
fcate No.
The State of Mississippi
Jackson County ''''O'
City OF PdscagOuIa:
Know all men by these presents
that the City OF Pascavoula, Ia the
State of Mississippi, hereby acknowl-
edges itself to owe and for value re-
ceived promises to pay tn the bearer
hereof on the lst day Of May, 1922,
One Thsusand (l.0O0l Dollars 10 the
lawful current money OF the United
States OF America and further to pay
interest thereon from date at the rate
OF six per cent per aunun until paid
In like current money OF the United
States, payable semI.annually ON the
first days'0f May and November. both
principal and interest OF this loan
certificate TO be payable at the office
OF the City Clerk OF said City OF Pas
cagoula.
This loan certificate Is one OF
series OF Five Loan Certificates and
numbered from One to Five inclusive
and OF like tenor, one due 10 one year
after date, two due two years after
date aud two due three years after
date, issued for the purpose Of pr0vid-
Ing finds for the construction OF an
additional public school building 10
said City, as authorized by an ordi>
nance Of the City Couucil duly
adopted on the 10Th day OF March,
1919, and which was published iL a
public newspaper OF said City and
duly enrolled In the ordinance book,
is provided by law, being ordinance
No. 10, 1919.
1t Is certified that the foregoing
ordinance authorizing the issue of
his Loan Certificate was introduced
n the form 10 which it was finally
ldopted by the City Council. was read
~ the Clerk at a regular meeting OF
he said Council and thereafter re-
nained on file with said City Clerk |
or inspection for at least two weeks
,efOre its final passage and adoption,
hat said ordinance was thereafter
pDrOved by a majority vote of the
ualitied electors OF said City OF Pas
ag0ula voting thereon at q special
lection duly ordered and held for
nat purpose 10 said City 10 the man
er provided by law Ia such cases on
he day uf..............., 1919
And 1t Is hereby further certified
nd recited that all acts, conditions
nd things required TO be done pres
edent to and 10 the issuance Of this
Dan certificate have been properly
one. happened and performed 10 the
Drm, manner and at the time pre-
cribed therefor by law.
Aud IL is furthur expressly repre>
ented aud certified that the total
evidenced by The series
( certificates, Of which this Is one.
,hen added to the total Indebtedness
{ said City, does not exceed ten per
eut O. the assessed valuation of the
cal .and personal property Of the
aid CITY, a. shown bv It's official
roll.
10 testimony whereof the said City
I Pascagoula, aching herein by and
trough its Council has caused this
ertificate to be signed by Its Mayor
I'D countersigned by Its Clerk and
he seal OF the said City to be hereto
liked on this the...dsy Of .-............
3l9
Signed:
The City Of Pascagoula, Miss.