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

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
TIE Brookhaven Separate School Dis
txlct TO the Amount OF e1s0,Ooo.oo
or ns Much Thereof as nay BE ne
ccssary for the PurpoHe Of Erecting,
Repairing and Equipping School
Buildings In tho Ercokhaven scpar-
nc 3chool District. providing for
Ar Election Thorecn 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 its
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. 1853 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 1913 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 296 Of the Laws of the State of
Mississippi of 1920 as enacted by the
Legislature of the State of Mississippl
in the year 1920, that it is necessary to
issue the Serial Payment Negotiable
Bonds of the Brookhav6h Separate
School District in the sum of $3.50, 600. 90
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, 1t 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 lis
| 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 majority of the qualified elec-
tors Of said Brookhaven Separate
School District participating in an elec-
tion to be held for the purpose Of de-
termining whether said bonds should be
| issued, duly authorized such act, to the
amount of $150.000.00 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 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 fifty-five In
number, numbered consecutively from
one upwards, and shall be in the fol
lowing denominations Numbers one to
fifteen inclusive 100000 each; Numbers
t6 to 65, inclusive, 100000 each; Num-
bers 66 to los, inclusive, 100000 each
except Bonds Numbers 49, 81, 80, LOT,
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 5th,
1922, and shall become due and payable
as follows tO-wft.-