The Chronicle-star combined with the Moss Point advertiser., 1944-06-09

viz &1AAG a. A1AA "a &EN~&N 49,
provements primarily chargeable
to the property benefited. or for
the purpose Of paying the City's
portion OF any betterment pro-
lgram, a portion Of which is pTi-
marily chargsable to the proper
ty benefited, and this Board fur
Their finds that the issuance of
the said bonds will not cause the
Indebtedness Of the City Of Pas
Icagoula Mississippi, when added
TO ali outstanding Indebtedness,
both bonded and floating, to ex-
coed twenty per cent Of the as
sessed value Of all the taxable
property within the said Munich
pality, according to the last com
pleted assessment roll or other
wise, and that the issuance Of
said bonds will not cause the
bonded indebtedness OF the said
City to exceed any other iimita-
ton now imposed by law against
the issuance OF the bonds of the
said City or against the increas-
ing Of its Indebtedness.
~ That the City of Pascagou-
la, Mississippi is a municipal
corporation of the State Of Mis-
sissippi, and has a population of
less than fifteen thousand inhab-
ltants according TO the last Off
cial census. and there are now
Eleven Hundred and Three quail
flied electors residing in the
City qualified and authorized to
vote upon the issuance of the
said bonds, in the event Of
an election on the question
of whether or not the said
bonds shall be issued and sold;
that the proposed bonds are
in amount Of not more than $780,
000.00 and the said City is au-
thorized under the provisions of
Section 2490 of the Mississippi
Code of 1880 as amended by
Chapter 230 of the Laws of 1912
Of the State of Mississippi to Is
sue the said bonds without an
election thereon, by publication
Of this resolution for three weeks,
declaring the intention OF the
Board Of Mayor and Councilman
1f the City Of Pascagoula, Mis-
sissippi, to issue same, unless a
protest in writing signed by 20%
Of the qualified electors of the
said City or more. is filed with
this Board prior to the date here
in fixed for the issuance of same.
(g) That it has been found and
determined by this Board that it
would be to the best interest of
the City of Paseagoula, Missis-
sippi, that the said bonds be is
sued tor the purpose of making
the required street improvements
md that the full faith and credit
Of the City of Pascagoula. Mis-
sissippi, be pledged to the pay
ment of said bonds and interest
thereon
Section 2. That the Board of
Mayor and Couneilmen of the
City of Pascagoula, acting under
the authority of Sections 24s3 TO
2492, inclusive, of the Mississippi
Code OF 1880 and amendments
hereto, and under the further
provisions of law applicable to
Municipalities of the State of
Mississippi, does hereby and now
~ieclare its intention to issue and
sell the negotiable bonds of the
sity Of Pascagoula, Mississippi,
n the maxImum principal
mount of Thirty Thousand $780,
100000 Dollars, for the purpose
Of improving and paving streets
md avenues within the corporate
limits OF the said City of Pasca-
ioula, Mississippi The said bonds
nall bean interest at such rate
IS shall later be determined by
his Board, not to exceed, how
yer, six per cent per annum,
ayahie semi-annuaily, and the
ame shall severally mature at
ueh tune or tunes as shall be
determined by tins Board within
he limitations, however, provid-
d by Chapter rs Of the Laws of
he 1888 Extraordinary Session of
Tie Legislature of the State of
Mississippi, or any amendments
hereto For the payment of any
sonds so issued, the full faith
md credit of the City of pasca-
.eula, Mississippi, shall be ire
loeably pledged.
Section 3. That the issuance of
aid bonds will be authorized and
ERECTED at the regular meeting
II this Board to be held at 900
1'ciock A M, ON Saturday. June
%, l94s, and notice is hereby
iven to the qualified electors
md taxpayers of the City of Pas
agoula, Mississippi, and other
PARTIES or persons in interest,
nat the said bonds will be issued
nd sold without an election
hereon, unless II, at or before
ne time OF said meeting, a writ
en- protest against the issuance
If said bonds signed by not less
nan twenty per cent Of the quail
fled electors of the City of Pas
agouia, Mississippi, is filed with
ne Clerk of the City of Pasca-
.nl1ln Micciccinni In The attnnt