The Aberdeen weekly. [volume] (Aberdeen, Miss.) 1878-1933, 1919-06-06
PROCEEDINGS
OF Mayor and Board of Alder men,
Regular Meeting. Mayors Oh
lice. City Hall. Aberdeen, Mis-
sissippi, June 4th, 1910.

Present. j. NJ. Acker, mayor and 4.
Schwab, w. b. Watkins, Frank Ran
son, and w. s. Carlton, aldermen.
A bsent. j. l.. Shell.
AT the regular June meeting, 1919,
of the Mayor and Board of Aldermen
of the City of Aberdeen. Mississippi,
held at the Mayors office. in the City
Hall on June 4th. 1919. and after the
minutes of the preceding meeting of
said board had been read and ap-
proved the following ordinance hav-
ing been previously reduced to writ
ing was read and considered by Sec
tions and on motion of Mr.. w. b.
Watkins seconded by Mr.. S. Schwab
said ordinance was unanimousl y
passed, the vote upon the final pas
sage having been taken by yeas and
nays which was as follows: j. NJ.
Acker. mayor. and 5. Schwab, w. Is.
Watkins, Frank Ransom and w. s.
Carlton, aldermen. all voting yea.
An Ordinance authorizing the is
suance of bonds of the City of Aber-
deem for the purpose of funding Nine
Thousand Dollars of Bonds of said
City and Thirtytwo Thousand Dol
lars of outstanding warrants and 9TH
er obligations and providing for the
publication of notice of the intention
of the Mayor and Board of Aldermen
10 issue SalO DOnuS.
Whereas the City of Aberdeen, Mis-
sissippi has outstanding Twenty-Five
Thousand Dollars 1925 ,000J of war
rants issued for the purpose of paving
streets of said city. putting in storm
sewer and improving said streets,
Three Thousand Dollars (S3, ,000J of
warrants issued for paving side walks
of said city. Four Thousand Dollars
ga. .000) of warrants issued for heat
ing system for the Aberdeen White
Public Schools. and Nine Thousand
Dollars $50 .000J of bonds of said city
issued May 18th. 1908. and which be-
came payable May 18th. 1918. and
Whereas all of said obligations are
valid and legally binding interest
bearing debts of the City of Aberdeen.
and are now outstanding and unpaid.
and
Whereas the City of Aberdeen has
no funds in the Treasury of said city
applicable to the payment of said
bonds and warrants and il is accord
ingly necessary TO issue Refunding
Bonds to provide for the payment of
said outstanding obligations of said
city, now therefore,
Section /. Be il Ordained, and it is
hereby ordained by said Mayor and
Board of Aldermen of the City of Abb
pose of taking up, paying OFF and die
charging the aforesaid bonds and war.
rants of said city there be issued
SAL 900 Refunding Bonds of the City
of Aberdeen, Mississippi. said bonds
to be of the denomination of $500
each, numbered from ID one to 1927
eighty-two inclusive, dated February
1, 1919. payable in numerical order as
follows. towit; five bonds on Febru-
ary l in each of the years. 1920 and
1921, inclusive. and six bonds on Feb
ruary 1 in each of the years 1922 to
1888, inclusive. Said bonds shall bear
interest at the rate of five and one
half per centum per annum, payable
annually on the first day of February.
and both principal and interest shall
be payable in lawful money of the
United States of America at the First
National Bank of Aberdeen. Aber-
deem. Mississippi, or at the Hanover
National Bank in New York City, N.
Y, at the option of the holder.
Section 2 Said bonds shall be
Autographed or engraved and printed
in two or more colors to prevent
counterfeiting and shall be signed by
| the Mayor and countersigned and at
tested by the City Clerk who shall
impress the seal of said city upon
each of said bonds as it is issued.
Said bonds shall have coupons for in
eerest attached. said coupons being
executed with the fac-simile sigma
lures of said Mayor and said Clerk,
and said bonds and coupons shall be
in substantially the following form.
towit:
Uuited States OF America
State of Mississippi
City of Aberdeen
Refunding Bond
No. $500 90
The City of Aberdeen in the State
Of MiasissiDDi for yalue received here