Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1920-11-26

PREAMBLE AND ORDINANCE

PREAMBLE AND ORDINANCE
Authorizing and Directing the Is.u.
ance of Twenty-Five Thousand Dol
lars of Bonds Of the C,ty of Macon.
Mississippi. for the Purpose Of the
improvement and Repair If and thc
4 Drilling of Deep Well Dr. WIS for
Light and Water Plant If sid CITY.
Whereas, It appears to the Mayor
and Board Of Aldermen OF Che CITY 5f
Macon, Miss, from the certified 20
port Of the City Election Commission
ers Of the returns Of the election h.a
in said city on the 18th dav of No
yember, 1920, that q majority Of The
qualified electors voting in said cleo
ton, favored the issuance of twenty
five thousand dollars Cs25.0OO00l a.
bonds or sai1 city for the purpose Of
the Improvement and r~airs u. and
the drilling Of dep sa. or wells for
the Light and Water plant IF In City
Of Macon, Miss, and said Mayor and
I'd Of Aldermen are authorized to
issue the bonds Of said city in the
maximum amount as above stated,
and,
WHEREAS, 1t is necessary to Hss..
the full amount Of twenty-five Thc.s-
and dollars ($25.QOOO0) of bonds
for the improvement and repairs. md
the drilling Of deep well or wells for
the Light and Water Plant Of said
City, which issue If Twenty-Five
thousand Dollars (s25,O0O00l adj 4
TO the outstanding bonded or f1atia-
debt of said City Of Macon, will not
amount to mora&han fifteen per cen
II the assessed value Of the taxable
property in said City, as shown By
the assessment rolls Of the Car~ant
year, Therefore
Section l. BE il o77lained BIS y
Mayor and Rosrd 81 Aldermen nj the
Civ Of Neon Fss'zFiDui. thsf T'--sr
ty-five Thousand Dollars tS26. 0ss 01)
~ the bonds Of 4sid civ IF N.sov
Mississippi, be and HE saiHc sra tcro-
nv issued for the purposs # the I'm
provement and rro=rs, at Nn1 4r,.'
'~~ Of deem well Tr wnNs f0r ST.
Lipht and Water Plant Of said Civ.
and the denomination and matwrT'i-a
Of said bonds to be as follows:
BOND No. One IN for S500 ~ rna-
turing November 18Th, 1921;
Rond No. Two ~ for s5o6 w. rS-
turing November 18Th. 1870:
Bond No. Three tsN for $500 NJ ms
irrinr Novemb~ isth. 1879;
Rond No. -Four (A for sFe0s ma
tWrfng November 18th, 1924;
Rond No Five t5l for SFh00s ~
trrlno November 18Th. 1e@7.
pnrd No. Six t6t for s10o0ss ma
'-rring November 18TH 1926;
0071 No. Seven (7) for 81 eco ~
-, q no No--o--L o. 1G'h 'NN-
Pond No. Hght tS' Snr 81 80 ho
rptrring November 'S+h, i~7S
Pond W Nine t9N fnr - 5000
no t,-rino November 18Th. io~H.
porA NJ TOW fteN Frr 81 9F3 A.
rre+-rrinp vov.rtrrr ism fsSe
Bond No. F'ever tN fNr T' 9ei '''
rnatrrinp Nnverf,er fFth lsFl;
r',rl No Twelve ft7N fpr 81 sae ~
maturing November ism 1882;
po-d No Thirtaen f1e'fur e. essas
maturing November 18th, lSsf
Pond No. Fourteen tlAl Tor
e mo 90, maturing Novenah0 I6tA'
1894. 10000
maturing November lSth, 1895;
pond No Sixteen f'fN fnr sl..5fA
maturing November 18th, 1896;
Bond No. Seventeen t1N f1r
o. $1,000 maturing Novemeb~ SStn'
1887.
Rond No. Eighteq~ t1s1 for
g. $4,000 maturing November ietH'
1898; ,
900 maturing November 18TH.
1000.
Bond No Twenty (2Ol for 81 $50 90
maturing November 18th, 1910:
Bond No. Twentv-one NsN for
s. 5000 maturing November 18th
1o41; ~
81 $4,000 maturing November 18th
1912;
Bond No. Twenty-three t23) foT
81 $4,000 maturing November 18th
l943;
Bond No. Twenty-four (24 f.
81 $4,000 maturing November 1877
1914;
Bond No. Twenty-Five (25l fo
s. $4,000 maturing November ISL
1915;
Section 2. That said bonds sh"
hear date November 18th, 1920, wit
interest from date thereof at SIX pc
cent per annum, payable ssmi-annuall