The Lexington advertiser., 1919-08-15
LEGAL NOTICES
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An Ordinance

pose of obtaining funds for the purpose
| of purchasing, installing and equipping
an electric light plant and lighting sys-
TEN complete in the City Of Lexington,
! Mississippi, by the issuance and sale OF
certain bonds of the City of Lexington,
Mississippi, said bonds to be issued un-
der the provisions of Chapter 209 being
House Bill 500 of the Acts of 1918 ap-
proved March 28, 1918, and Sections 3416,
code of Mississippi of 1906 and all amend
, ments thereto; to provide a sinking fund
| for the security of said bonds; to fix
tax levy for the payment of same and for
other purposes; said bonds to be for the
sum of 100000 and to be serial in form
! and to be numbered l to 40 inclusive and
to bear interest at the rate of five and
one-half per cent per annum, payable
semi-annually.
Whereas the Mayor and Board Of Al
dermen of the City Of Lexington, Missis.
sippi, on the 1st of April, 1919, ordered
that an election be held on the
18th day of May, 1919, at which
election there was submitted to the quail.
nay on the question of issuing serial
bonds of the City of Lexington, Missis-
sippi, in an amount not exceeding $40,-
10000 for the purpose of purchasing, i'll
stalling and equipping an electric light
plant and lighting system complete in
the City of Lexington, Mississippi, and
whereas the election commissioners Of the
| City of Lexington, Mississippi, have cer-
titled the returns of said election to the
said Mayor and Board of Aldermen show
ing there were 120 votes for the issuance
of said bonds and votes against the is
suance of said bonds; now therefore;
Section l. Be it ordained by the Mayor
and Board of Aldermen of the City Of
Lexington, Mississippi, that for the pur-
pose of raising funds for purchasing, in
stalling and equipping an electric light
plant and lighting system complete the
serialk bonds of the City of Lexington,
! Mississippi, shall be issued and sold to
the best advantage for cash in an amount
not to exceed $40, 10000 under and by the
powers conferred by Chapter 200 Of the
Laws of the State of Mississippi Of 1918
and Sections 3415, 3416, 3419 and 1920 Of
the annotated code Of Mississippi OF 1905
and amendments thereto.
Section 2. Be it further ordained by
the Mayor and Board Of Aldermen Of the
City Of Lexington, Mississippi, that said
bonds shall bear date Of September J.,
1919, and shall run through series OF
twenty years from their issuance and
shall bear interest at the rate Of FIVE and
one-haH per cent per annum payable
semi-annually represented by interest
coupons which shall be payable on Sep.
tember 1st, and March 1st Of each and
every year and the said bonds shall be
known and designated as "The City OF
Lexington, Mississippi, Electric Light
Bonds" and the said bonds shall be litho-
graphed or engraved and printed in two
or more colors with suitable devices to
prevent counterfeiting and shall be regis
tered as issued and shall be payable to
bear and shall be numbered from ! to 40
inclusive and shall be of the denomination
of One Thousand Dollars each and Bonds
No. and No. shall be definitely due
and payable on September l, 1920, and
Bonds No. 8 and No. A shall be definitely
due and payable on September /, 1921,
and so on in numerical order, two bonds
of the denomination Of $1,000.00 each
shall mature at the end Of each and every
wear from the first to the twentieth year
both inclusive all without option or right
to earlier or previous payment, the ma
turtles of said bonds being hereby fixed
as absolutely definite and positive.
Section 8. Be it further ordained by
the Mayor and Board of Aldermen of the
CITY of Lexington, Mississippi, that the
following form of bond and coupon be
and the same hereby is adopted as the
bond and coupon for said bond issue the
necessary dates and amounts and numbers
Bond No. i 100000
4 United States of America
State of Mississippi
City Of Lexington, Mississippi
City of Lexington, Miss, Electric light
| - Bond
KNOW ALL MEN BY THESE PRES.
ENTS: That the City of Lexington
Holmes County, Mississippi, a municipal
corporation of the State of Mississippi, it
indebted to and will pay TO bearer the
, in lawful money Of United States Of
! America together with interest thereon
at the rate Of Ave and on-half per eentun
per arnum from the date thereof, said
interest payable semi-annually on thu
first day Of September and March Of eact
year and every year hereafter at the City
Treasurer's Office in the City Of Lexing
ton, Mississippi, on presentation OF the
coupons hereto annexed as they shall
respectively become due until the payment
of the principal sum which said principa
sum shall be due and payable -
years after date hereof as provided in thu
ordinance, at the City Treasurer's ofBc'
aforesaid, to-wit:
! On the nrSC Gay OF oepCenDeII 10. !.
This bond Is one Of the series Of bond
/ Of like tenor, date and amount aggregat
ing Forty Thousand $4o,000.00) Dollar
numbered one to forty inclusive and i
issued under the authority Of Chapte
200 of the Laws of the State of Missis
Y sippi of 1918 and Sections 3415, GilG
= 3419 and 1920 of the annotated code O
Mississippi Of 1906 and all amendment
thereto and the issuance of said bond
being authorized by vote Of the qualities
4 electors by the said City Of Lexington
Mississippi, held according to law on tn
18th day of May, 1919, at which election
there was submitted to the qualified cleo
tors of the City Of Lexington. the propo
sition to vote yea or nay on the question
Of issuing serial bonds Of the City Of Lex
. ington, Mississippi, in an amount no
exceeding $40,000.0O for the purpose
purchasing, installing and equipping a
electric light plant and lighting syster
= complete in the City Of Lexington, Mis-
sissippi, and at which election a majorit
Of the qualified electors of the said Cit
Of Lexington voting at said election vot
ed for the issuance Of said bonds and b
d authority Of an ordinance passed by th
a. Mayor and Board Of Aldermen Of the Cit
;, Of Lexington, Mississippi, entitled "A
). Ordinance for the purpose Of obtainin
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