The Durant news. (Durant, Miss.) 1882-1985, 1937-01-07

cordance with law, call such cleo
ton on the 9Th day of January,
1887, and did lawfully hold such
election on that date; and
(g) That on such election,
there were 406 qualified electors
entitled to vote, and that there
were 349 votes cast in such cleo
ton, and of that number, $50
votes were cast in favor of the
proposed bond issue, and 10 votes
were cast against the proposed
bond issue, the total number of
votes cast being more than a ma
GRITTY of the qualified electors of
the City of Durant, Mississippi,
and those votes being cast in ia
vor of the proposed bond issue
being more than two-thirds of the
total number cast in the election,
as shown by the certification of
the certification of the Election
Commissioners to the said City of
Durant, Mississippi, such certifi-
cation being dated January 6,
1887; and
(h) That all acts, conditions
and things required by the con-
stitution and laws of the State of
Mississippi to be done precedent
to and in the issuance of these
bonds have been properly done,
happened and been performed in
regular and due form and time
required by law, and hat the tot
al Indebtedness of the said City
of Durant, Mississippi, including
these bonds, does not exceed any
constitutional or statutory limita-
ton; and
G That it is to the best inter
est of the said City of Durant,
Mississippi, to issue the bonds of
such municipality in the sum of
Twenty-Five Thousand Dollars
($25, 100000, for the purpose Of
acquiring, owning and leasing a
textile, knitting or hosiery manu-
featuring plant;
NOW THEREFORE, BE 1T
ORDAINED by the Mayor and
Board Of Aldermen of the City Of
Durant, Mississippi:
SECTION THAT the "Durant
Mississippi Industrial Bonds of
1887" in the sum Of Twenty-Five
Thousand Dollars, be issued and
sold for the purpose of acquiring
owning and leasing a textile,
knitting or hosiery manufactur-
ing plant for such municipality.
SECTION 2.-That said bonds
shall be designated, '"Durant Mis-
sissippi Industrial Bonds of 1927"
be autographed or engraved and
printed intwo or more colors to
prevent counterfeiting, be dated
February 1, 1887, be payable to
bearer, be payable as to both prin
.cipal and interest in lawful money
Of the United States of America
at the Chase National Bank in the
Borough of Manhattan, City,
County and State of New York, be
signed by the Mayor and counter
signed by the Clerk of the City
of Durant, Mississippi, with the
municipal seal of the said city
impressed thereon, be in denomi-
nation Of Five Hundred Dollars
each , be numbered in regular
series from l to so, both inclu-
sive, and mature in their numeri-
cal order, without any right OF
prior redemption, on February
LIST, in each year as follows:
/ bond of $4,000 each due Feb
ruary 1, 1888.
l bond of $4,000 each due Feb
ruary /, 1889.
l bond of $4,000 each due Feb
ruary l., 1910.
l bond of $4,000 each due Feb
ruary 1, 1941.
l bond of $4,000 each due Feb
ruary /, 1912.
2 bonds of $4,000 each due Feb
ruary l, 1913.
2 bonds of $4,000 each due
February !, 1914.
2 bonds of $4,000 each due
February /, 1915.
2 bonds of $4,000 each due
February l, 1916.
2 bonds of $4,000 each due
February l, 1947.
8 bonds of $4,000 each due
February 1, 1913.
8 bonds of $4,000 each due
February 1. 1949.
Q bonds Of 100000 each due