The Semi-weekly leader., 1922-11-11

An Ordinance or Resolution Declaring
the Intention of the Mayor and
Board of Aldermen of the City Of
Brookhaven, Mississippi to Issue the
Serial Payment Negotiable Bonds Of
The Brookhaven Separate School Dis
trict to the Amount Of $15o,0oo.oo
or as Much Thereof as May Be Me-
cessary for the Purpose Of Erecting,
Repairing and Equipping School
Buildings in the Brookhaven Separ-
ate school District. Providing for
An Election Thereon ond Details Of
the Issue.
Whereas, the City of Brookhaven
Mississippi has by an ordinance of the
Mayor and Board of Aldermen duly a
dopted, published and spread on it's
minutes, declared itself to be a Separate
School District known as the Brookha-
ven Separate School District, and
Whereas: The said Brookhaven Sep
arate School District operating under
Sections 1851, 1858 of Hemingway's An
notated Mississippi Code of 1917, Chap
ter 70 of the Laws of the State Of
Mississippi enacted by the Legislature
in the year 1918 and 1853 of Heming-
ways Annotated Mississippi Code Sup
plement of 1921, and,
Whereas: 1t is manifest to the May
or and Board of Aldermen of the City of
Brookhaven. Mississippi, acting for the
Brookhaven Separate School District
the said City of Brookhaven being a
municipality operating under Chapter
80 of the Mississippi Code of 1906 and
all amendments thereto and under Chap
ter 206 of the Laws of the State of
Mississippi of 1920 as enacted by the
Legislature of the State of Mississippi
in the year 1920, that it is necessary to
issue the Serial Payment Negotiable
Bonds of the Brookhaven Separate
School District in the sum of $3.50, 100000
or as much thereof as may be necessary
for the purpose .of raising money for
the following purposes
To erect, repair and equip School
Buildings in the Brookhaven Separate
School District.
Whereas, under the Laws of the State
of Mississippi, in such cases made and
provided, it is necessary that DUE no
tice of the intention of the Mayor and
Board of Aldermen aforesaid to issue
said Bonds for the purposes aforesaid
be given,
Therefore, Be it resolved that it is
the purpose and intention of the Mayor
and Board of Aldermen of the City of
Brookhaven, Mississippi to issue the Sc
rial Payment Negotiable Bonds of the
Brookhaven Separate School District
should a majority of the qualified cleo
tors of said BrookhaVen Separate
School District participating in an cleo
ton to be held for the purpose of de-
termining whether said bonds should be
issued duly authorized such act, to the
amount of $780, 100000 or as much there
of as may be necessary, for the purpose
of raising money for the following pur-
poses:-
To erect, repair and equip School
Building in the Brookhaven Separate
School District.
That the Serial Payment Negotiable
Bonds to be issued for the purposes
aforesaid shall bear interest at a rate
of not exceeding six per centum per an
mum, payable semi-annually. in the City
of Brookhaven, Mississippi, said Bonds
shall be one hundred and fiftySfye in
number, numbered consecutively from
one upwards and shall be in the fol-
lowing denomlnations:- Numbers one to
fifteen inclusive 100000 each; Numbers
16 to SIS, inclusive 100000 each; Num-
'bers Sc to 155, inclusive, 100000 each
except Bonds Numbers S3, 81, 80, 107,
lis, 123, 131, lat. 155. inclusive, $780,
90 each; and shall be known as the
Brookhaven Separate School District
Bonds and shall be made payable in the
City of Brookhaven. Mississippi.
They shall be dated December bth,
1922, and shall become due and payable
a. foll0xvss tO@Wft.-