The Bolivar County Democrat. (Rosedale, Miss.) 1887-1969, 1919-11-29

full faith, credit and resources of
the Mound Bayou Consolidated
School District of Bolivar County,
Mississippi, are hereby pledged
Tor the prompt payment of the
above mentioned bonds, both prin-
cipal and interest, as they become
due, and the Board of Supervisors
of Bolivar County, Mississippi,
shall levy annually a special tax
on all the taxable property in said
district sufficient in amount to
pay the interest on said bonds as it
becomes due and provide a sink
ing fund to retire said bonds as
they mature, which special tax
shall be collected as all other taxes
and shall be used exclusively for
the purpose for which levied and
collected.
Be it further ordered, that the
President and Clerk of this Board
are hereby authorized and direct
ed to execute said bonds and de-
liver the same to the purchasers
thereof when said purchasers have
complied with their contract of
purchase.
Be it further ordered, that all
orders in conflict herewith be and
the same are hereby repealed and
revoked and rescinded and that
all orders or parts of orders not in
conflict herewith be and the same
are hereby approved, ratified and
confirmed.
Ordered this the Sd day of No
vember, 1919.
The foregoing resolution and or
der, after first being reduced to
writing, was read and considered
and then on motion was adopted,
all members Of said Board of Su-
pervisors of Bolivar County, Mis-
sissippi, being present and voting
Aye on the passage of said ordi-
nance.
The Bank of Commerce and
Trust Company, of Memphis, Ten
nessee, have offered to pay this
Board for said bonds as above is
sued the par value Of same, plus
accrued interest from date of bond
to date of delivery and $470 pre-
MUM and to furnish blank bonds
any pay the attorneys fee, and it
appearing to this Board that this
is fair price for said bonds, and
that it is to the best interest OF
said district that said bid be ac-
cepted,
Therefore be it ordered, that the
sixty thousand dollars 1850 0o0.00)
School Bonds Of the Mound Bayou
Consolidated School District OF
Bolivar County, Mississippi, az
heretofore issued be and the same
are hereby sold to the Bank OF
Commerce & Trust Company
Memphis, Tenn, at and for the
sum of par, accrued interest and
$470 premium, the bank to furnish
blank bonds and to pay their at
torney's fees for approving said
bonds, this bid being made subject
to these bonds being approved by
their attorney and the President
and Clerk of this Board are hereby
authorized and directed to exc
cute and deliver said bonds to said
purchaser upon payment by them
Of the purchase price thereof.
Ordered this the 3rd day of No
vember, 1919.
W. A. SPEAKES,
President Board Of Supervisors,
Bolivar County, Miss.
Supervisor -. 80. offered the
following resolution and order in
the matter of the issuance of $75,-
10000 Bonds in the Shaw Consol-
idated School District Of Bolivar
County, Miss.
Whereas, at it's meeting held ON
the 5th day of May, 1919, the
County School Board Of Bolivar
County passed an order creating
the Shaw Consolidated School Dis
trict, and
Whereas, the October, 1919,
meeting of this Board a petition
was presented to the Board signed
by more than majority of the
qualified electors of the said Shaw
Consolidated School District ask
ing for the issuance of bonds of
said district in the sum of $75,-
10000 for the purpose of erecting
and equipping a school building
and teachers home for said Con-
solidated School District.
Whereas, the said Board at it's
Continued on Page Five)