The Chronicle-star combined with the Moss Point advertiser., 1945-02-09

| EiIGNtOiI dAHA AAAkN
with this Board. a copy OF which
said report is Incorporated IN
the minutes of this Board at the
meeang held on December 30,
1914, and which said report was
approved by the Board of Mayor
and Councilmen at said meeting,
it having been found and deter
mined that a majority of the
qualified electors voting at said
special election voted in favor of
the issuance of said bonds; and,
Whereas, this Board in said
Resolution No. 2-1944 found and
determined that the City of Pas
cagoula, Mississippi is situated
within a defense area as deter
mined by Proclamation of the
President of the United States of
America heretofore issued, and
which fact is again found by this
Board to be true; and,
Whereas, the United States Of
America, through the Federal
Works Agency, an agency OF
the United States of Amer
lea, has heretofore enter
cd into a commitment with the
City of Pascagoula TO assist
in the construction of the project
by granting for said purpose the
sum of $4,000. 60, the total cost
being estimated at $l80,000.00
and,
Whereas, the said project is to
be constructed on lands owned
and acquired by the City of Pas
cagoula, Mississippi, as required
by and in accordance with the
provisions of Section 3466 of the
Mississippi Code of 1912; and,
Whereas, this Board again finds
that the construction of the said
project is necessary for the pro-
lection of the public health, safe
ty and welfare of the inhabitants
of the City. and further finds that
the City If fully authorized under
the provisions of Sections 1856
TO 1869 of the Mississippi Code of
1912 to issue the said bonds for
said purposes, the issuance of
same having been authorized by
a majority of the qualified cleo
tors voting in the election called
and held for said purposes afore-
said; and,
Whereas, this Board now finds
and determined that said bonds
in the sum of Thirty-five Thou
sand (S35. 100000 Dollars when is
sued in said amount and added
to the present outstanding bonds
of the City of Pascagoula, Mis-
sissippi, will not cause the bond
ed Indebtedness of the City of
Pascagoula, Mississippi, to exceed
ten per cent (10%) of the assess
ed value of all the taxable prop
erty within the said Municipality
according to the last completed
assessment for taxation, exclud-
ing, however, bonds or other evil
dence of indebtedness heretofore
issued for water and light pur-
poses, and for the construction
of special improvements primar-
lily chargeable to the property
benefited OF for the purpose of
paying the City's proportion OF
any betterment program. a por-
ton Of which is primarily charge
able to the property benefited,
and this Board further finds that
the issuance Of said bonds in
said amount will not cause the
Indebtedness Of the City OF Pas
cagoula, Mississippi, when added
to the outstanding Indebtedness,
both bonded and floating, to ex-
coed twenty per cent (20%) of
the assessed value of all taxable
property within the Municipal
ity according to the last complet-
ed assessment roll or otherwise,
and the issuance of said bonds
in said sum will not cause the
bonded Indebtedness of the City
to exceed any other limitation
now imposed by law against the
issuance of the bonds of the said
City OF against the increasing of
It's indebtedness; and,
Whereas. the Board of Mayor
and Couneilmen of the City of
Paseagoula has been and is now
fully authorized to issue and sell
the said bonds, and this Board
again finds and determines that
the construction of the facilities
now authorized by the said cleo
ton are necessary; and,
Whereas, this Board again
finds that the issuance and sale
OF said bonds are necessary to raise
the money necessary for the con-
struction of same; and,
Whereas. it would be to the
best interest of said Municipality
and the inhabitants thereof, that
the said bonds be issued and the
proceeds Of same be used for the
said purposes; and,
Whereas, all acts and conditions
precedent to the issuance of the
said bonds required by the pro-
visions of the laws of the State of
Mississippi and ordinances of the
City of Paseagoula Mississippi
applicable thereto. have been full