The Durant news. (Durant, Miss.) 1882-1985, 1939-12-14

SOO[N1I UT f1OlmE<S ~
CITY OF DURANT D.
No. $1,000. 90 Cor
$4,000 as the
case may be-.
CITY OF DURANT REFUNDING
BONDS OF 1910
Series A"
(Or "Series b" as the case may bel
~ The City of Durant, Holmes Coun-
ty, mississippi, for value received,
acknowledges itself indebted and
promises to pay to bearer on the Isl
day of January, ID, the sum OF
One Thousand Dollars, Isl, 600. 00)-
Cor Five Hundred Dollars, as the case
may be), together with interest there
on from the. date hereof until paid
at the rate ofathree and t~hree-fourths
per cent t3 "a per cent? per annum
in Series A" Bonds and at the rate
of three and one-half per cent (3ls
per cent? pen, annum on Series b"
Bonds, payable, on July /, 1910, and
semi-aunuaily,s thereafter on January
LIST. and July II. in each year upon
presentation and surrender of the
annexed ainterest coupons as they sew
orally mature.
3 Moth the principal of and the interes.
on this. bond are payable in lawful
money of the United States of Ameri-
ca at the City Depository Of Durant,
Durant, Mississippi. 3s.
This bond is one Of an authorized
issue Of One Hundred Thirty-Five
Thousand Dollars ($135, OO0. O0) in two
series designated as Series A" for
$S9.000.00. being he first maturing
bonds in that amount, and Series
B" for $46,000.00 being the last ma
turing bonds of that amount, Said
Series A" bonds are numbered from
l to 81. both inclusive and Series
B" bonds are numbered from 90 to
1873, bo.h inclusive. This bond is one
of a series of like date, tenor and
effect, except as to denomination and
maturity, and Is issued under the
authority of Chapter 143 Of the Laws
of Mississippi for the year 1884. as
amended, and being further designat-
ed as he General Refunding Act OF
1884" and under the further authority
Of an ordinance of said City of Du-
rant. duly and legally adopted on the
18th day of December 1899. for the
purpose Of r~efundins a like principal
amour. of the bonded indebtedness
Of the said City Of Durant. fully descrlh
ed in said ordinance, to which reference
is hereby made for a detailed de-
scription of said Indebtedness.
For the payment of this bond, bot.h
principal and interest. the full faith,
credit and Of the said mu-
nicipahty are hereby irrevocably
pledged, and .hes Mayor and Board Of
Aldermen shall annually levy. a tax
on all such property sufficient 10 pay
the principal of and interest on such
bonds as they fall due.
1t is hereby. certified, reci.ei. and
declared that all acts. conditions and
things necessary and required to be
done. precedent to and in .he issc
ance Of this bond and Of the issue
Of which 1t forms q part. in order to
make the same legal. valid and bind
ing obligation OF said City. have
been done. have happened and have
been performed in regular. and dua
lime, form and ann as required
by law; that in the evept this bond;
or the issue of which it formsea part.
should v be held to be. invalid by
any court OF competent jurisdiction,
the holder or holders hereof shall
be subrogated to all Of the rights
and remedies had and possessed by
the holder or holders OF the bonds
refunded hereby; that due provision
has been made for the levy and col,
lection annually Of a tax ~sufficien.
to pay the principal OF and. interess
on this bond az the same shall ma
ture n accrue. and thu. the issre.
of bonds of which this bond is n
together with all other Indebtedness
Of said City, does not exceed n I'm
! ation prescribed by the Constitution
and Laws OF the State of Mississippi.
IN TESTIMONY WHEREOF, the
City of Durant in the County of
Holmes, State of Missis sippi, has ex
ecu ed this bond by causing it to be
signed by its Mayor and counter
signed by the Clerk of the City,
and has caused the seal of the said
City TO be affixed here-o and the IN
terest coupons hereto attached to be
executed with the facsimile sigma
ture Of said Mayor and Clerk. and
this bond 20 be dated the 1st day Of
January, 1910.
City of Duran,
Holmes Coun y,
Countersigned Mississippi
By-
Clerk OF the Mayor OF the