The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1920-06-18
PROCEEDINGS OF THE BOARD OF SUP
ERvISoRs FOR JUNE 1920
CONTINUED from Page Sixl

Of the Law of 1920 of Mississippi which Pc
tition is in the following words and figures.
to-wit:
To The Honorable Board Of Supervisors OF
Grenada County. Mississippi:
1t appearing TO the undersigned aualined
electors Of said Grenada County that the
Road Funds of Districts One, Two. Three and
-Four, Of said county. including amount bor-
rowed upon loan warrants and placed to the
credit Of said Road Fund. has been cx-
pended. the greater portion of same having
been used in paying of contracts and obli-
cations against said Road Fund. which had
been contracted for prior to the installation
of the present Board into office, as shown
by statement hereto attached. and that there
are now no available funds in the County
Treausry with which to take care of the
public roads in said districts one. two. three
and four. and that on account of recent un-
precedented rain storm and floods, said
roads are in bad shape. and it is necessary
to borrow more money to put them IN con-
dition for travel. and that it will require the
sum of $40. 100000 to repair and maintain
said roads until taxes for year 1920 can be
collected and place in the treausry to said
road funds, and that no warrants can be
issued against said fund unless there is a
sufficiency of money therein to pay all such
warrants, we, the undersigned qualified
electors therefore petition your honorable
body to borrow said amount of 4 10000 for
said purpose. as provided by Chapter 1926
Avs of 1920.
Respectfully submitted.
I-.-- - A. f>l1ournn
words and figures. to-wit:
Balance Jan. Ist, 1920 road fund -s4.223.95
Deposited since Jan. LIST. taxes etc
Road fund
Deposited since Jan. lst. borrowed
from Sinking Fund -----------27 10000
Balance Jan. 1st road and bridge
fund 1878
Deposited since Jan. LIST. road and
bridge Fund 2,05s.s7
Total ,52s.7.
Outstanding accounts against road
and bridge fund issued by old
Board of Supervisors - 25,s3s.1s
Balance 80, $685.
Balance Grenada Bank. May LIST 14,07S.32
Warrants issued by new Board ls.612.22
Signed by R. C. Trusty and PSI others
District 1; by J. Matt Cooley and A others
District 2; by w. M. Yeager and Al others
District 3 and j. f. Thomas and 65 others
District 4.
And it further appearing that it is neces-
sary to borrow said sum of money in order
to repair and maintain said roads during the
remainder of the current year, there being
no funds in the Road Funds of said county
available for said purpose. 1t is therefore
ordered that loan warrants amounting in the
aggregate to the sum of Forty Thousand
$40, 900. O0) Dollars be and are hereby or
dered TO be issued upon the treasurer of said
Grenada County, Mississippi. said warrant
shall be issued in denominations of two
thousand tS2, 00O. 00) Dollars each payable
TO bearer. shall bear interest at the rate of
six co per centum per annum, shall be
dated June 18th, 1920. and mature and be-
come due and payable on January 18th,
1921. and shall be twenty 900 in number
and numbered from one to twenty. both in
elusive. and shall be signed by the Presi-
dent and Countersigned by the Clerk of the
Board of Supervisors and the County Seal
affixed upon each of said loan warrants as
issued. The form of said loan warrants
shall be as follows
$4,000. 90 No.