The Semi-weekly leader., 1922-12-13

tl1C 44S4t 0Vuuo AA1uS Tic xse1IC
of Interest of Said Bonds; Provid-
ing for Registration of Such Bonds
by City Clerk, and Providing for
the Levy Of Taxes to Pay the
Principal and Interest of Said
Bonds.
At regular adjourned meeting OF
the Mayor and Board of Aldermen of
the City Of Brookhayen, Mississippi,
held at the Mayors office in said
City on the 18th day of December,
1922. Present: Day, Davis, Hart
man, Penn. Absent, Farrell.
The following ordinance was in
troduced by Alderman Davis, and
upon motion, duly made and second
ed the same was unanimously adop-
ted, viz:
"An ordinance fixing the places
Of payment of thirty thousand dol
lars $3.50, 0,000.00) Brookhaven, Mis-
sissippi. Water Works and Electric
Light Bonds; Fixing the Rate Of In
terest to be borne by said bonds;
providing for the registration of
such bonds by the City Clerk. and
providing also for the levy of taxes
co pay the principal and interest OF
said bonds"
Whereas, under and pursuant to
proceedings heretofore duly had and
adopted the Mayor and Board of AL
dermen of the City of Brookhaven.
Mississippi, have authorized the is
euance of Thirty Thousand Dollars
($30, ,000.00) Water Works and Elec-
trio Light Bonds, which are to be
dated October 8, 1922, and which
are to be numbered from to SIS in
elusive, bonds Nos. to rs being Of
the denomination of $500 each, and
bonds Nos. 26 to SIS inclusive being
Of the denomination of $500 each,
which said bonds have heretofore
been sold to Messrs. A. X. Tigrett &
Company of Memphis, Tennessee, at
the price of par, premium of $55
and accrued interest to date of deliv-
cry, and it is necessary that certain
details be fixed in connection with
the issuance of said bonds.
Now, therefore, be it ordained by
the Mayor and Board of Aldermen
of the City Of Brookhaven, Lincoln
County, Mississippi:
SECTION /. That the Thirty
Thousand Dollars ($30,000.00) Wa
ter Works and Electric Light Bonds
heretofore authorized to be issued by
the Mayor and Board of Aldermen of
the City of Broookhaven, Mississippi,
shall be issued bearing date of Oct.
g, 1922, shall be numbered from /
to SIS inclusive, bonds Nos. to 25,
inclusive, being of the denomination
of 5000 each. and bonds Nos. 26 to
55 inclusive being of the denomina-
ton Of $500 each, all of said bonds
to bear interest at the rate of i've
md one-quarter (5A) per centum
per annum, to be payable semi-an-
nually April and October 3. The
principal and interest of said bonds
shall be payable at First National
sank, in the City of Brookhaven,
Mississippi, or at the Hanover Nat
ional Bank. New York City, N. Y,
at the option of the holder.
SECTION 2. That the bonds a.
oove provided for shall be registered
in book kept for that purpose in
the office of the City Clerk, and
that there shall be endorsed upon
each of said bonds certificate to be
executed by the City Clerk. to be in
substantially the following form:
.I, f. A. Cameron, City Clerk Of
the City Of Brookhaven, Mississippi,
do hereby certify that the within
bond has been duly registered by me
in book kept for that purpose in
my office.
Dated Brookhaven, Mississippi.
this ----day of --------, d..
IF. A. Cameron.
"City Clerk, Brookhayen, Miss. !"
SECTION 8. Be 1t further ordain-
ed that the bonds above provided for
shall mature in the manner hereto
fore provided for by the Mayor and
Board of Aldermen of the City Of
Brookhaven, Mississippi. viz: The
bonds shall mature serially in num-
erical order one bond on October 8
in each year from 1923 to 1927 in
elusive; two bonds on October in
each year from 1928 to 1887 inclu-
sive ;and three bonds on October 3
in each year from 1898 to 1s47 in
elusive.
SECTION 4. Be 1t further ordain-
ed that in each year while the a.
bove bonds or any OF them are out
standing and unpaid there shall be
assessed, levied and collected upon
all the taxable property Of the City
Of Brookhaven, Mississippi, tax
sufficient to pay the interest on said
bonds as the same become due, and
sufficient also to provide for the
payment of the bonds at maturity
SECTION s. Be it further ordain-
ed that all ordinances or parts OF or
dinances in conflict herewith be and
the same are, so far as in conflict
herewith, hereby repealed.
SECTION 6. Be 1t further ordain-
ed that this ordinance shall take ef-
feet Immediately.
The foregoing ordinance was
thereupon submitted to vote Of the
members Of the Mayor and Board Of
Aldermen Of the City Of Brookhaven,
Mississippi. and the same was unan-.