The Chronicle-star combined with the Moss Point advertiser., 1945-04-13

R1oE vi RdylitE 9iG ANty , RlOROl
ton Of any betterment program,
q portion Of which is primarily
chargeable to the property bene-
fitted, does not exceed ten per
centum (10%) of the assessed
value Of taxable property in said
City according to the last com
pleted assessment for taxation;
and that such amount of bonds
proposed to be issued, when add
ed to all outstanding indebted
ness, both bonded and floating,
does not exceed twenty per cen
tum (20%) of the aforesaid value
Of taxable property in said City;
and
WHEREAS. this Board of May
or and Councilmen declares that
the population of the City of
Pascagoula is less than fifteen
thousand; and that the amount Of
Indebtedness proposed to be in
CURED does not exceed Thirty
Thousand Dollars ($30,000.00);
and
WHEREAS, this Board Of May
or and Councilmen further finds
and declares that under Title 16,
Division 10 of the Mississippi
Code, 1912. it is now fully au-
thorized and empowered to de-
clare its intention TO issue bonds
Of the City of Pascagoula, Mis-
sissippi, in the amount OF Thirty
Thousand Dollars $3.50, 000. 00) for
the purpose of improving and
paving streets in said City, with
out an election and upon the
publication of this resolution de-
claring such intention, and to au-
thorize the issuance of such bonds
on a date to be determined in
this resolution, unless twenty per
centum (20%) of the qualified
electors Of the City of Pascagoula
file a written protest against the
issuance OF said bonds on or be-
fore said date; and IL is for the
best interest of said City to issue
said bonds:
Now. Therefore. Be II Resolved
by the Board of Mayor and Coun.
cilmen OF the City of Pascagoula.
Mississippi. as follows:
Section /. That this Board OF
Mayor and Councilmen hereby
declares its intention to issus
bonds of the City of Pascagoula
Mississippi, in the maximum
amount Of Thirty Thousand Dol.
lars $3.50, 600 .00) for the purpose
of improving and paving streets
in said City; said bonds to bear
interest at a rate within the linn
itations fixed by law, to be here.
after determined by this Board,
and to mature at such time OF
times and in such amount on
amounts, within the limitations
fixed by law, as shall hereafter
be determined by this Board
and for the payment of such
bonds the full faith, credit and
resources of the City of Pasca-
goula shall be irrevocably
pledged.
Section 2. That the issuance Of
said bonds will be authorized at a
meeting OF this Board to be hello
at City Hall in said City of Pas
eagoula, at the hour of 3 O'Clock
p. M, on Tuesday, the nth day
of April, 1945. unless twenty pei
centum (20%) of the qualified
electors of the City of Pascagoula
file written protest against the
issuance of said bonds on or be-
fore said date.
Section 3. That notice is here
by given that a written protest
against the issuance of said bonds
may be filed with the Clerk of
the City of Pascagoula and II
such a protest be signed by TWEEN
ty per centum 5000 of the quail
flied electors of said City and
filed with the Clerk of said City
on or before the date fixed for
the issuance of said bonds, then
an election shall be held. as pro-
vided by law, for the purpose o.
submitting to the qualified cleo
tors of said City the proposition
to issue bonds in the aforesaid
amount for the aforesaid purpose.
If no such protest signed by the
requisite number of qualified
electors is filed, the saio bonds
will be issued without an cleo
ton.
Section 4. That the City Clerk
is hereby authorized and direct
ed to cause this resolution TO be
published in The Pascagoula
Chronicle-Star a newspaper of
general circulation in the City of
Paseagoula, which has been pub
lished for more than twelve
months prior to the date of the
adoption of this resolution, for
three (3) consecutive weeks prior
to said 18th day of April, l945;
said resolution to be published
at least four Cd times. the frs;
of said publications to be at Least
twenty-one (2il days prior TO the
aforesaid date and the last pub
LEGATION to be not more than sew.