The Chronicle-star combined with the Moss Point advertiser., 1945-03-30
RESOLUTION NO. q
v. P. DEJEAN.
Clerk.
ct 1928, $50

a heSoiu1iOn The IN
tenfion of the Board Of Mayor
and Councilmen of the City Of
Pascagoula. Mississippi. to issue
Negotiable Bonds of said city in
the maximum amount of Thirty
Thousand Dollars t$30.000l for
the purpose of improving and
paving streets in said city. ........
WHEREAS, the Board of May
or and Councilman of the City
of Pascagoula, Mississippi, hsv-
ing made due investigation, finds
and declares:
l. That it is necessary to inn
prove and pave certain streets in
the City of Pascagoula;
2. That an estimate of the cost
of such improving and paving has
been made and such cost has
been found to be Thirty Thou
sand Dollars t$30,000);
3. That there are at this time
no funds available in the city
treasury for the payment of such
costs; and
WHEREAS, this Board of MI
or and Councilmen further finds
and declares:
4. That the assessed valuation
of taxable property in said City
of Pascagoula, according to the
last assessment is -Four Million
Nine Hundred Fifty-Four Thou
sand One Hundred Forty-Six
Dollars ga, 954, lac. O0);
5. That the total indebtedness
of said City is Three Hundred
and Five Thousand Dollars
($305, 100000;
6. That the amount of bonds
proposed to be issued, namely,
Thirty Thousand Dollars $780,
100000, when added to the out
standing bonds of said City, af-
ter deducting all bonds or other
evidences of indebtedness hereto
fore issued for water and light
purposes and for the construc-
ton of special improvements
primarily chargeable to the prop
erty benefited, or for the pur-
pose of paying the City's proper
ton of any betterment program,
a portion of which is primarily
chargeable to the property bene-
fitted, does not exceed ten per
centum 900 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-
Etum 5000 of the aforesaid value
of taxable property in said City;
| and
WHEREAS. this Board of May
or and Councilmen declares that
Continued on Page 3. Sec. 81
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 ($30,00000);
and
WHEREAS, this Board of May
or and Councilman 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 $50, 600 .00l 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
vi d QdNt W OC uNACi ittAAtCO IN
this resolution, unless twenty per
centum 900 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 it 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 Pascagcuia.
Mississippi. as follows:
Section /. That this Board of
Mayor and Councilmen hereby
declares its intention to issue
bonds of the City of Pascagoula.
Mississippi, in the maximum
amount of Thirty Thousand Dol
lars $3.50, 100000 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,
Continued on Page 8, Sec. 81