The Brandon news. (Brandon, Miss.) 1892-1961, 1920-04-29

and Board of Aldermen Of the town of
Brandon that an election was held on the
3rd Day OF April. 1920 submitting to the
qualified electors Of the town of Brandon
the question Of issuing orr not issuing
bonds of the Sid town in the aggregate
amount of 100000. exclusive Of interest
for the purpose of improving the streets
of said town and at SAID election forty
three (43) votes were cast in favor of Is
suing said bonds and only two (2) votes
were cast against issuing said bonds;
said election having, been held as provid-
ed by law under previous ordinances of
the Mayor and Board of Aldermen of
said town.
Section 2. Be 1t further ordained by the
Mayor and Board OF Aldermen of said
town that bonds OF said town shall be
and numbered consecutively from one to
twenty making In the aggregate $6OOO.OO
exclusive OF interest, to be dated May LIST,
1920 and bear interest at the rate of per
centum( per annum. interest payable
.semi-annually at the Seaboard National
Bank in the City of New York. on the LIST
day Of May and November OF each year.
Bond No. One shall mature May 1st 1921
and one bond shall mature on the LIST day
OF May each year thereafter until all
have matured. Snid bonds shall be lith-
ographed or engraved and printed In two
or more cOlorS to prevent cOunterfeiting
and shall be signed by the Mayor and
countersigned by the Clerk. who shall i'm
as 1t Is issued: and each bond shall speci-
fy on its face the purpose for which it is
issued and total amount authorized to be
issued and each shall be made payable
to bearer
Section 3-Be 1t further ordained by the
Mayor and Board of Aldermen of the
town OF Brandon that the total outstand-
Ing bonds of said town including all out
standing bonds do not exceed per cent
OF the assessed valuation of the taxable
property of the town of Brandon.
Section 4-Bond No One shall be in the
following form, to-wit:
UNITED STATES OF AMERICA.
STATE OF MISSISSIPPI.
RANKIN COUNTY,
= TOWN OF BRAN
DON
NO. ! BOND $4,000
8 KNOW ALL MEN BY THESE PRES
ENT THAT THE TOWN OF BRAN
DON, In the County of Rankin, State of
Mississippi. hereby acknowledges itself
to owe and for value received hereby
promises to pay to bearer on the first
day Of May 1921 the sum Of THREE
HUNDRED DOLLARS with interest at
the rate Of six 60 per centum per annum
from the date thereof until paid, interest
payable Semf-annually on the first day
of May and November of each year. here
after until the maturity Of the principal
nereoI as IS evidenced by and upon the
est coupons hereto attached as they sew
orally become due. Both principal and
interest OF this bond are payable in
states Of A m1ssy IN tno the United
tional Bank In the City of New York,
State of New York. and for the prOmpt
payment OF this bond at maturity. and
the interest. as the iust6llments thereof
IaIl duf. the full faith. credit and resour-
pledged.
This said bond Is one of q sertes Of
bonds all of like date and tenor, except as
oa1e 81 o. maturity Issued in
for the purpose of providing funds for
improving the afreefs |
OF said town under authority Of and in
Iun compliance with the requirements
State of Mississippi Including the pro-
visions Of Chapter 49, Mississippi code OF |
1906. as amended by subsequent ACTS Of
the Legislature OF the State Of Mississ- |
s including. as far as applicable.
ance with orders duly passed hy thaI
Mayor and Board Of Aldermen OF said
Town: and the issuance Of thta bond haa /
been authorized by : majority vote Of the
AND IT Is HEREBY CERTIFIEDl
AND RECITED thae tho Mayor and /
Hoard OF Aldermen of said town has done i
and performed Ell the acts and things |
Ivy SSassA 0uo foQuI<eQ Dy Law In order
TO issue the said bonds that the Mayor
ana Board Of Aldermen OF said town
hereby covenent until the maturity az /
said bonds each year at the proper time
provided therefor by law. to levy : spec
al annual tax on all property situated In
said town sufilciept tA pay the interest a.
the installments respectively fall duN
and for the redemption OF said bonds al l
maturity. and that said special tax shaii
% used Tor no other purpose,
AND IT IS HEREBY CERTIrTEDI
AND RECITED that tie total bonded
indebtedness Of said town does not AZ
ceed the constitutional and atatutory
IN TESTIMONY WHEREOF. che .aid
Mayor and Board of AldoFgnen 81 ssid
l0wn. " behalf Of the aid town. hsa
saused this bond to be signed 81 its ~.
q ana countersiGned az its Clerk. Snd
ne seal ct &ntd town u 10 hereto af6r-
q. ana each "a the interest oQupone here-
g attached 70 9e llkeVlee executed 81
re oEiginel .or ut1ql2aPhsd q fae-siniIe,
asneSure of lid 0l!csre ana tits bind
q ~ re41gtere4 ~ iso1ued "a this ~
assyor 8 &c 1ova x 1randon.
sleEs * ne 1oun 81 srnndon.