The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1921-07-22

amount of Forty Thousand Dollars
$40, 000.0 0) in order to construct
and maintain said hard-surfaced
highways and it further appearing to
the board that it will be to the best
interest of said separate road district
to issue the bonds of said district to
the said amount of Forty Thousand
Dollars ($40.000.00)
Be it therefore ordered and resolv-
ed by the board of supervisors of
said Grenada County, Mississippi, in
lawful meeting assembled hat this
board hereby authorized the creation
of an Indebtedness in the principal
sum Of 100000 said amount be-
ing necessary for the purposes au-
thorized under Chapter 176, Laws of
1914, Of Mississippi and amendments
thereof. and to that and hereby re-
solves to issue bonds Of said super
visors district No. g., Of said Grenada
County in the total sum of $4,000
90 to be dated and issued as shall
hereafter be determined and ordered
blythe board said bonds to be in SER
ial form, numbered from ] to 80
both inclusive, and of the denomina-
ton of $4,000 each, to bear six
per centum interest per annum from
date, payable and to be payable, both
principal and interest at the Hanover
National Bank, New York, City,
State of New York and to mature as
follows:
$1,000 each year in one, two,
three, four and five years, respective
ly after date; $4,000 each year, in
six, seven, eight, nine, ten, eleven,
twelve, thirteen, fourteen and fifteen
years, respectively after date, and
$15OO.0O each year in sixteen, sew
enteen, eighteen, nineteen, twenty,
twenty-One, twenty-tow, twenty
three, twenty-four, and twenty-five
years respectively, after date as pro-
vided by law.
Be it further resolved that said
bonds shall be autographed or en-
graved and printed in two or more
colors to prevent counterfeiting, and
shall be registered as issued, shall be
signed by the President of this
Board and countersigned by the
Clerk, who shall impress the official
seal upon each bond as it is issued
and each bond shall specify upon its
face the purpose for which it was
issued and the total amount author
lied to be issued and each shall. be
payable to beared and shall not be
sold for less than its face value.
Be it furthed resolved that under
the powers granted this board here
by pledges all the powers of taxation
created under said several acts for
the punctual payment of said bonds
and all interest due thereon.
Be it furthed resolved that an
neXed to each bond shall be coupons
~evidencing the semi-annual interest
due thereon, which coupons shall be
executed with the facsimile signature
of the President of this board and the
Clerk thereof and shall be payable
in regular order every six months.
Be it further resolved that said
bonds shall be in substantially the
following form towit:
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI,
County Of Grenada.
DISTRICT ROAD BONDS OF SUP
ERVISOR'S DISTRICT NO. 5.
Mo- $4,000
Know all men by these presents,
CiLdC CupcINiSoI > DlSCTlCC NuHlDcf
Five of the County of Grenada,
Mississippi, by the Board of Super
visors of said county, its governing
authority, for value received hereby
acknowledges itself indebted to and
promises to pay to bearer the sum
of Five Hundred Dollars ($5OO.OO)
on the..--...day ACKNOWLEDGEMENTS
with interest thereon at the rate of
six per centum per annum from date
payable semi-annually on the first
days
in each year. on the presentation and
surrender Of the respective coupons
hereto attached as they severally be-
come due, both principal and inter-
est of this bond being payable in law
full money of the United States Of
America at the Hanover Bank in the
City of New York, New York.
For the prompt payment of this
bond with interest as aforesaid, the
full faith and credit, and resources
of Supervisors District Number Five
of the County of Grenada, Mississip-
pi, are hereby irrevocably pledged.
This bond is one of a total issue
of Forty Thousand Dollars ($4O,OOO.-
WV VI SCI OOiluS ouIIiOIlLCu W uc
issued for the purpose of Rising
funds for the constructing and main
tenance of hard-surfaced highways
of Supervisors District Number Five
of said county and is issued under
and pursuant to and in full COM
pliance with the constitutions and
statutes Of the State Of Mississippi,
including among others Chapter 176
of the Laws Of Mississippi, of 1914,
and all amendments thereof and pur-
suant to the proceedings of the Board
of Supervisors of said county, duly
and regularly had and adopted, this
bond and the interest thereon, to-
gether with the, other bonds and
coupons forming a part of this issue
are payable out of a tax to be levied
annually by the board of supervisors
of Grenada County, Mississippi, on
all the taxable property of Super
yisor's District Number Five of said