The Pascagoula chronicle., 1920-04-23
ORDINANCE NO. rs, 1920.

An ordinance entitled an ordinanc,
to authorize the issue of one hundred
and twenty-five thousand dollars O
water works and electric light plan
bonds of the city of Pascagoula, Mis-
sissippi, and prescribing the details
for the issuance of the same.
Be it ordained by the city council
of the city of Pascagoula, Mississippi:
Section l. That for the purpose OF
purchasing machinery and material
and the construction of public water
works and electric light plant for sup
plying water and lights for the inhab
itants of the city the negotiable coupon
bonds of the city of Pascagoula be
issued to the amount of one hundred
and twenty-five thousand dollars or
so much thereof as may be necessary,
in denominations of five hundred dol
lars each and in number two hundred
and fifty to be numbered from to $50
inclusive, said bonds to be Known as
the water works and electric light
plant bonds of 1920, and shall be dated
the 18th day of June, 1920, and pay
able semi.annually as follows:
Bond numbered l shall mature June
Is, 1921.
Bonds numbered from 2 to 3 both in
elusive shall mature June 18th, 1922;
bonds numbered from to 6 inclusive
shall mature June 18th, 1923; bonds
numbered from : to II both inclusive
shall mature Ju.e 18th. 1924; bonds
numbered from ~ to II both inclu-
Slve Shall mature June 18th, 1926.
Lra1s humble ed from IS to "a both
inclusive shall nature June 18th, 1875.
bonds numbered from Is to 80 tt:h
inclusive sha., mature June 18th, 1927;
bonds numbered from SO to Al both
inclusive shall mature June 18th, 1928:
bonds numbered from AZ to 81 both
inclusive shall mature June 18th, 1929:
bonds numbered from SO to 81, both in
elusive shall mature June 18th, 1880: !
bonds numbered from g. to IA both in
elusive shall mature June Is, 1881; |
bonds numbered from rs to 81 both in
elusive shall mature June 18th, 1892:
bonds Numbered from So to 101 both in
elusive shall mature June 18th, 1898;
ponds numbered from 1902 to 116 both
inclusive shall mature June 18th. 1894:
bonds numbered from 1T to 1873 both
inclusive shall mature June 18th. 1895:
bonds numbered from 1874 to 151 both
inclusive shall mature June 18th. 1896:
bonds numbered from 1852 to III both
shall mature June 18th. 1897:
bonds numbered from 172 to 195 both
shall mature June 18th, 1888:
bonds numbered from 1856 to 22O both
inclusive shall mature June 18th. 1899.
'onds numbered from 221 to $50 both
inclusive shall mature June 18th. 1910. ,
Section 2. All of said bonds shall ,
"' "' inc Tdte VI per cent 1
''r 'hhum payable semi-annually on ,
nc lHtll cay of December, and the 18th i,
lay o. iune, of each year and shall he
by interest coupons attach. :
L l" sad bonds and both the princi :,
'l ana lrterst of said bonds snail be ;.
ayaoie in the lawful money of the q
4 al I
'h''ed states of America at sucl place .
= may be agreed upon with tn, pu,. :,
haser.
section 3. All of the said bonds and
oupohs to be attached thereto shall ~
Ill the following form respectively. '
,-wit: "
onted States of America, =
STATE OF MISSISSIPPI :,
County Of jackson, ri
City of Pascaoou =,
''er works and Electric Lioht Plant ~
Bonds of 1920. :,
. $4,000 sa
hnow all men by these presents that -,
t city OF Pascagoula. in the county -,
'a'hsoh' and state of Mississippi nc
Ahowiedges itself to owe hereof the oh
,hcipai sum of five hundred dollars
'oV'oo) on the day of he
III the interest thereon from the co
'e hereof until paid at the rate of mr.
per cent. per annum, payable semi. 81,
nuaiiy on the 18th day of December m,
June of each year as evidenced
and on the presentation and sur. 20,
iuer OF the attached coupons as thew
orally become due. Both principal
interest of this bond are hereby ,a,
~ PAYABLE in the lawful money of ma,
United States at
,na Tor the prompt payment of this sal
- al maturity and the gnterest vot
,eoh as 1t falls due the fun faith mi,
ul' and resources of said city of Y
iged. 'ooao'y Oh 4
MS bond is series of two hundred