The Pascagoula chronicle., 1919-04-05
Ordinance No. 10, 1919.

An ordinance entitled an ordinance
10 authorize the Issue OF the lun 3
certificates or the City OF Pascs9uuIa
Tor loan VI Five Thousand Dollars
Lu be used for the construction Of 40
additional pubic school building n
SAID city.
BE II ordained by the City U0uuctt
or tie City OF pascaguula, MissiHstnoi:
Section That for the PURPOSE ~
raising money fur the cUusLrucLiun ~
an additional public school building
10 The SAID CITY, for which the general
Improvement funds are Insufficient.
The loan certificates uf The ClLv *
Pascaguula IN the total snm OF Fivs
Thousand Dollars divided iuLo one
certificate for the sum Of One Tb0us.
and Isl ,000) Dollars payable one year
AFTER date, two certificates OF One
Thousand (Sl, ,000) Dollars each pay.
able Two years after date and two
certificates OF One Thousand fol. .0OOl
Dollars each payable three years after
date, TO oe issued and dated the lst
day Ut May, 1919, and bearing Interest
at the rata of SIX per cent per aunum
from The date OF their Issue until
paid, are hereby authorized To De ts-
sued aud negotiated for procuring
such loan Of the said sum OF Five
Thousand Dollars, subject To the no.
pfOvdl or maturity OF the electors uf
said Clty at special election to 10
called aud held for such purpose ~
provided by law; said loan tIfcates
snail be signed by the Mayor x0d
c0unterslsned by the City Clerk, who
shall attach the seal OF the City there.
la. and IhaIl n n f<.r a..
ures AS follows, to-wit:
UNITED STATES OF AMERICA.
City Of Pascagoula Loan Certi.
fcate No.
The State or Mississippi
Jackson County
City OF Pascagoula:
Know all meu by these presents
That the City Of Pascagoula, 10 the
State OF Mississippi, hereby acknowi-
edges itself To owe and for value re.
celved promises to pay Jo the bearer
hereof on The lst day OF May, 1920
One ThsuAand u,000, Dollars 10 Lie
lawful current money OF the United
States Of America and further to pay
interest thereon from date a61he rate
OF SIX per cent per annum unLn paid
~ IKE current money Of the United
States, payable semi-annually on the
tlrst days OF May aud November, both
principal and interest or this loan
certificate to be payable at the Otiice
Of the CITY Clerk Of said City OF Pas
cagoula.
Thls loan certificate Is one Of
series OF Five Loan Certificates and
numbered from One To Five inclusive.
and of like tenor, one due Ia one year
after date, two due Two years after
date and two due three years after
date, issued for The purpose OF prOvtd-
ing fDnds for the construction OF au
additional public school building Ia
said City, as authorized by an Urui>
nance OF the Citv Couucit duly
adspieds On the 10Th day saf-. Mach. I.
1919, and which was published iE q
publlc newspaper Uf said City and
duly enrolled in the ordinance book.
as provided by law, being ordinance
No. 10, 1919.
1t is certified that the foregoing
ordinance authorizing the issue Uf
this Loan Certificate was Introduced
in the form in which IL was finally
adopted by the City Council, WAS read
by the Clerk at IA regular meeting OF
the said Council and thereafter re-
manned on file with said City Clerk
for inspection for at least two weeks
before it's final passage and adoption,
that said ordinance was thereafter
approved by majority vote OF the
qualified electors OF said City OF Pas
;agoula voting thereon at u special
election duly ordered and held for
hat nilrnDsp in said (itV in fha ,na,.
ler provided by law la such cases on
,he . day of-..............., 1919.
And it is herebv further certified
Ind recited that all acts, conditions
md things required TO be done pre,
'edent tO and IN the issuance OF this
oan certificate have been properly
lone, happened and per formed 10 the
oin, manner and at the time pre-
cribed therefor by law
And il is furthur expressly repre.
ented and certified that the total
Indebtedness evidenced by the series
u certificates, Of which this Is one,
when added To the total Indebtedness
4 said City, does not exceed ten Der
ent %! the assessed valuation OF the
cal ,and personal property OF the
aid city, as shown by It's official
ssessment roll.
In testimony whereof the said City
I PaScagOula, acting herein by and
hrough its Council has caused this
ertlflcate Ia be signed by It's Mayor
nd couHtersigned by its Clerk aud
he seal OF the said City to be hereto
fixed on this the...4day OF .......
9l9
Signed: