The Semi-weekly leader., 1922-12-02

That said Bonds and interest cou-
pons attached shall be substantially in
the following form, to-wit:-
State of Mississippi.
Lincoln County.
Brookhaven Separate School District.
Brookhaven Separate School District
Bonds 1928.
Know all men by these presents that
the Brookhaven. Mississippi Separate
School District, Lincoln County, State
of Mississippi. acknowledged that ii
does owe and for value received prom
ises to pay to bearer in the City Of
State of the
principal sum Of $S------- on the
day of 10 with interest
thereon a. che rate of per cent
per annum payable semi-annually at
State Of on
presentation and surrender of the at
tached interest coupons as they sever
ally become due.
For the prompt payment of this bond
at maturity and the interest thereon as
it becomes due the full faith, credit and
resources of the said Separate School
District are irrevocably pledged.
This Bond is one of a series of one
hundred and ffty-fve bonds of like date
but of different amounts and maturities
aggregating one hundred and fifty
thousand dollars (S150,000.00) issued
for the purpose of raising money to be
used for the following purposes. towit:
To erect, repair and equip school
buildings in and for the Brookhaven
Separate School District, Lincoln coun-
ty, Mississippi.
The series or bonds is issued under
the authority of the Constitution and
Laws of the State of Mississippi, and
pursuant to and in strict conformity
with provisions of Chapter 80 of the
Mississippi Code of 1906, and A
mendments thereto and under Chapter
LAT of the Laws of the State of Mis-
sissippi 1914 as enacted by the Legis-
lature of the State of Mississippi in the
year 1914 and under Chapter 209 of the
Laws of the State of Mississippi 1918
as enacted by the Legislature of the
State of Mississippi in the year 1918
and under Chapter 206 of the Laws of
the State of Mississippi 1920 as enacted
by the Legislature of the State of Mis-
sissippi in the year 1920, and under an
ordinance passed at regularly held
meeting of the Mayor and Board of AL
dermen of the City of Brookhaven, Mis-
sissippi. This series of bonds is also
issued in conformity with and in strict
pursuance of Sections 1851 and 1868 of
Code 1917 and Chapter 179 Laws Of the
State of Mississippi 1918 enacted by the
Legislature Of the State of Mississippi
in the year 1918 and Section 1888 of
Hemingway's Annotated Mississippi
Code Supplement 1921.
1t is hereby certified and recited that
the Brookhaven Separate School District
Lincoln County, Mississippi is a legal
Separate School District and rormed. or
ganized and operating as such in con-
formity with the Laws Of the State of
Mississippi That the amount of bonds
issued under the authority Of this Act
added to The outstanding bonded or
floating Indebtedness of said Brookhaven
Separate School District will not ex-
ceed fifteen per cent Of the assessed
value Of the taxable property in said
Brookhaven Separate School District as
shown by the Assessment Rolls of said
Separate School District for the current
year.
That due notice Of the intention of
the Mayor and Board of Aldermen to
issue these bonds were published and
given as required by law. That an e.
lection was duly and properly held in
the Brookhaven Separate School Dis
trict aforesaid for the purpose Of de-
whether said Bonds should be
issued and in said election a majority
Of the qualified electors Of the Brook
haven Separate School District afore-
said participating In said election voted
for the issuance Of said bonds. That
due notice of the election was properly
had and given and that said election
was in all respects legal and proper.
That the Mayor and Board of Alder
men Of the City Of Broolkhaven, Missis.
sipi duly provided for the issuance Of
said Bonds at a legally held meeting
Of the Mayor and Board OF Aldermen
of the City Of Brookhaven. Mississippi.
The said Mayer and Board Of Aldermen
Of the City of Broolkhaven. Mississippi,
duly obligated the Brookhaven Separate
School District. Lincoln County. Missis-
sippi each year at time provided by
law to levy special anual tax to be
used exclusively in paying the interest
on said bonds and providing q sinking
fund for their redemption at maturity.
1t is further certified and recited that
all acts. things and conditions required
to be done precedent to and In the is
suance Of this bond and series Of bonds
have been legally and properly had.
done and performed In due form and
time required BY the Constitution and
LaWs of the State OF Mississippi and
The amount Of bonds issued under this
Ordinance or Act added to the out
bonded or floating indebtedness
1f said Brookhaven Separate School
District will not exceed more than flf-
teen per cent OF the assessed value of
the taxable property in said Brookha-
ven Separate school District as shown
oy the Assessment Rolls Of the current
year and does not exceed any constl(u-
ronal or statutory limitation thereon
In testimony whereof the said Brook
MAVEN Separate school District. Lincoln
County. Mississippi State. >haa caused
Wis bond ID Ln nI1nAd III fhA Maxnr hf