The Pascagoula chronicle., 1919-04-12
CITY ORDINANCES.
Ordinance No. 10, 1919.


An ordinance entitled an ordinance
u authorize the Issue VI The luan
certificates Of The CUy Of Pascaguula
Tor d iuau Of Five Thousand UUliars
10 Oe used Tor the CONSTRUCTION Of an
I ddoItluhdl puullc school building III
SAID city.
be IL ordained by the City Council
OF tie CITY VI Pascaguula, MIs.isslpp,:
Section -Iuat Tor tile purpuse Of
raising mUuey for the construction OF
du additional pubic school building
III The saio CITY, for when The genera
Improvement funds are Insufficient.
The loan certificates OF The lJIy nj
fdscdgOuld III the total snm OF Five
Thousand Dollars divided into une
certificate Tor The sum vi Que Thnu,.
diiu tsI,OOul Dollars payable Que year
iltei uhle. l"u certificates OF Que
lbuusauu tsl,UUOt Dollars each pay.
duie t"U years after date aud Two
ceftItcdtes OF One Thousand 81, 900,
Doiidi> edciI paydbl three years aftci
ddtr, To be ISSUED ana ddIed The Isl
nay oi May, 1919, aud beaIIug Interest
dt tue rate ~ SIX per cent per dunuu
from Tue date Of lbeIr Issue until |
paul ATE hefeuy authorized ~ lie Is |
u aud Negotiated Tor procuring /
>ucu loan OF Tie said sun Of FIVE |
thousand Dollars, subject To the AN.
piofdI 81 raJnfIIy ui The eleclur, Of |
'dl1 lily at d special election To III.
tilien dud held FOR such PURPOSE A.
provided 10y law: SAID loan Certificate,
man be signed 10y the Mayor ana
by The CITY Clerk, who
man attach the seal OF the City there
-, ahd shall be ia The form aud Up,
iIes as follows, tL-SiI:
NlTED STATES OF AMERICA
CITY OF PascaaOula Loan CertI.
t1cdte No
he Slate OF MissIssipui
jackson County
lily Of Pdscdgutila:
MO" all Iueu Ivy these presents
bat the CITY OF Pascapuula, ia The
tate at Mi>sls>ippI, hereby ackuuwI-
dge- Itself u 1--WE aud for value re.
eNeu PROMISES u pay Ia the bearer
efeul on Tile lst day Of May, 1920
'ht lii>u'ahd 600 Dollars ia The
i"lui cuFIrnt muuey OF The United Z
tdte> oi lnerIca aud further to nav !
lltItst Thereon frOul date Al the ratr =,
siA per cent per auuuIu until PAD r
IKE cuffeut Inuuey OF LnS United /
tdte-, BAY able selni-anuuaily on the !,
Isl DAYS uf May aud November, both l
Ilhclpdi aud Interest OF this luan I,
'ftIhcdte 10 be payable at Tie office :,
tue Cliy CIei K Of SAID City Of Pas n
igOuld.
ms loan certificate is one Of :
''e> oi rive Luau Certificates arc o
imuefed from Que To Five Inclusive. I
al OF Ike teuUG, Que due 10 one Wear Il
yer uhte, Two due Two years aflet %
iIe hhd t"u due three years alter
iIe, issued Tor The purpose uf pruyId. 4
< ihLu> Tor The construction Of an 4
ultlOnai pubic school building ia c,
III Cily, as authorized by au urnl> l.
Ihee OF Tie City COUNCIL uuIy d.
opted on The 18Th day OF March. fl
lS dnd which Vas published n. a >C
utic newspaper OF SAID City ana fu
ny enrolled In the UTdluaucr un,k &C
provided 10y law, being ordinance. e,
.. lU, 1919. VT nf
II i certified that the foregoing %
iihauce authorizing the issue of ut
- Lndh CeGtl1cate was Introduced a>
Tue luffD Ia which IL WIS t1i,alh pc
ppttu iy The cry COUNCIL, was rran 81
tue Cleik at d regular uleetIup al
sal" C"uhcil auu thereafter re- ui
iheu uH hie with said CITY CIerl I'll
INSPECTION Tor at least two yr.k. &c
ore It's nDai passage and adoutIon du
II >aid ordinance was theIesrIr, IN
proved by maturity vote Of m. %
iiihed electors Uf said City OF Pas.
nula voting thereon at a .ur,iat
;tIon duiy Oroered aud held Ia
II PURPOSE 10 said City 10 the man.
provided by Law IL such CASE. on Co
-----o Gay OF -------.---.---. 1919.
ud Al i hereby iurIb.r cer,ieeo
fecited That all acts, cuudiflun>
things r,quired To ue done ire, III;
rht tu dbn 10 The issuance ut Ibi> De
: uedte nave been PROPERLY as
e hhiieheo AND perfurmed 10 III. e.e
u manner ana at the time pre- OF
bed Therefor 0y law. DID
I'd IL u futthur EXPRESSLY ren,a VI 4
-eu duu certified that the total an'
,o.eIue>> evidenced by the series lh-
ucdte>, OF which thus Is Que, SAY
Z" aoneu 10 Tue total Indebtedness ior
~. Sitsi uor> not exceed ten Del a, a
.; Tue assessed Valuation OF In. ma
,dun personal property VI the
Nits' a. shown Nv its uff1cIs,
>>meUt roll. l,
testimony whereof the said Ci, oy
'd>cdsDula, aching herein by ann u nu
Ugh lt> Council ha- caused tLi.
Ihcdte u De signed by It's Nav, ue
couuteT>ignen 10y It's Clerk ano
'efl oi The said CITY To be herrtn
20 90 this the dsy of W =
VI ------------- W
ii ned: day