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

out. and a -.
THAT. said city Of Durant, through
its Mayor and Board Of Aldermen
did. on the 5th day Of December,
1889, order and direct that when
such bonds constituting the General
Refunding Bonds OF 1884" wers cali
ed In for payment and redemption
on May I, 1910, that the amount o.
$4,000 OF said bonds be paid off.
cancelled and retired inasmuch !
will be possible and feasible to pay
said bonds and to the best interests
Of the city TO 70 pay and retire the
said amount OF S4,500y00 Of said bonds
and not issue Refunding Bonds there
for, and
THAT the amount of three thous.
and dollars (~s3y00000) in the above
described General Refunding Bonds
OF 1894" will. by their terms, mature
on May 1. 1910. which after deduct
ing the amount Of eleven thousand
three hundred dollars t$11, 800 .00) in
paid bonds as hereinabove set out
the amount of six thousand five hun
dred dollars ts6, 10000 in cancelled
bonds as herein above set out, tho
amount Of three thousand dollars
tS3,o00.00) In said bonds which ma
ture May 1, 1910. as hereinabove set
out, and .he amount of four thousand
five hundred dollars $4,500.00) In
bonds to be paid and cancelled when
presented for payment pursuant to
call on May 1, 1910; and
THAT, after deducting the amount
of eleven thousand three hundred
dollars t$11 .OO) in paid bonds as
aforesaid, the amount Of six THOUSAND
five hundred dollars t$6. 500. 00) in
cancelled bonds as aforesaid, the
amount of three thousand dollars
S3.000.00) of bonds maturing May I,
1910, as aforesaid, and the amount
of four thousand, five hundred dol
lars t$4,500.00) to be paid as afore-
said, there will remain to be refund
ed the amount of one hundred thirty
five Thousand dollars ,$13S, 900 .00) of
the rtRefunding Bonds Of the City of
Durant. Mississippi"
THAT, the said bonds constituting
the s'General I Refunding Bonds OF
1884 are, by their terms, callable on
the next interest date which is May
4, 1910; and n
T1IAT, the governing authority OF
the City Of Durant has reserved the
right to call in, pay and redeem such
bonds together with the other bonds
constituting said issue Of General
Refunding Bonds of 1884" in the in
verse order of their numbers, and
maturities, prior to the maturity date
or dates thereof, and on any interest
payment date thereof, provided, how
ever, that whenever, j. is desired to
exercise such right Of redemption.
the governing authority OF the City
of Durant shall cause written notice
thereof to be delivered to the Chase
National Bank in New York City.
New York, and such notices shall
be 80 delivered hot less than thirty
t30) days prior to the interest pay
dt1AEt*fiSSh itt IstG ISQcIlHe
tion Of such bonds. After the dates
SO designated, no further interest
shall accrue on the bonds 30 called
for redemption; and
!1VEAT, the said Mayor and Board
of Aldermen have by resolution duly
adopted on the 7th day of December.
1889, called ali Of :he outstanding
bonds Of the General Refundine
Bonds of 1884" for payment on May
Is 1880 and by said resolution have
authorized and directed the City Clerk
of Duraut. Mississippi to give notice
hereof n accordance with the term
of the said ordinances issuing the ga n
General Refnnding Bonds of 1884
and Of said. bonds by directing the
said City Clerk of Durant Mississippi.
to written notices Of aheI call
for redemption OF the Aforesaid bonds
to be delivered to the place of pay,
ment. designated in sid bonds, towit.
the Chase National Bank OF New
York City. New York. and the said
City Clerk has been further directed
to cause said notice 20 be put In the
Durant News, q newspaper publlsned
in the City of Durant for over SO
years, for at least one week; the
first nser.i ion OF said notice to be
at least 80 days prior to May /. 1910,
and
THAT, There will become due and
payable as aforesaid on May 1. 1910,
bonds in the aggregate Of one hun.
dred and thirty-five thousand dollars
t$1S5.000. COY; and, a
THAT. There are not now, and there
will o be, on May 1. 1910. funds
available from taxes sufficient to pay
such outstanding bonds and the in
terest thereon when they mature as
aforesaid; and
THAT, the Mayor and Board of
Aldermen of the City of Durant, Mis-
sissippi are authorized by Chap>ey
l43 of the Laws of Mississippi for the
year 1884, as amended, 20 issue re-
funding bonds without an election on
the question of the issuance thereof,
for the purpose of r%efunding any