The Chronicle-star combined with the Moss Point advertiser., 1945-06-01

| and euualized assessment, is
-Four Million, Nine Hundred Fig
tv-four Thousand, One Hundred
Forty-six Dollars ($4,954, l46);
and
WHEREAS, the said City of
Pascagoula now has outstanding
bonded and floating indebted
ness aggregating the principal
amount and sum Of Two Hun
dred N%inety-nine Thousand, Five
Hundred Dollars 1929, 500, ex7
elusive of bonds payable solely
from revenues Of public utilities;
and
WHEREAS, the amount Of
bonds proposed to be issued,
namely, Thirty Thousand Dollars
| t$30.000), when added to the out
standing bonds of said City, after
deducting all bonds or other evil
dences of Indebtedness hereto
fore issued for water and light
purposes and for the construc-
ton of special improvements
primarily ehargeable 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 (10%) of the assessed
value of taxable property in said
City according to the last COM
pleted assessment for taxation;
and that said 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 900 of the aforesaid value
Of taxable property in said City;
and F,
WHEREAS, on the said 18th
day of April, l945, the said Board
of Mayor and Councilmen did
adopt Resolution No. 6 entitled
"A Resolution finding and de-
termining that a resolution en-
titled A Resolution Declaring
the Intention of the Board of
Mayor and Councilmen of the
City ct Pascagoula. Mississippi.
to issue Negotiable Bonds of said
City in the Maximum Amount OF
Thirty Thousand Dollars t$30.000)
for the Purpose of Improving and
Paving Streets in said City,
adopted by the Board of Mayor
and Councilmen of said city on
the goth day of March. l94S. was
duly end regularly published;
that no written protest of any
kind or character has been filed
against the issuance of said
bonds; and authorizing and di-
reeting that said bonds be issued"
and
WHEREAS, it is now found to
be necessary and advisable that
the details and incidents of said
issue should be fixed and de-
termined upon:
Now. Therefore. be if Ordained
by the Board of Mayor and Coun-
cilmen of the City of Pascagouls.
Mississippi. as follows;
Section |. That there shall be
and there are hereby authorized
and ordered to be prepared and
issued bonds of the City of Pas
cagoula, Mississippi, in the
amount of Thirty Thousand Dol
lars $3.50 ,000) for the purpose of
improving and paving streets in
said City; said bonds shall bear
date of May l, l945, and shall
bear interest at a rate to be de-
termined pursuant to sale of
said bonds, but not exceeding
six per centum (6%) per annum,
payable November /, 1945, and
semi-annaally thereafter on May
LIST and November 1St in each
year until the principal of said
bonds, respectively, shall have
been fully paid. Interest accru-
ing on said bonds on and prior
to the respective maturity dates
thereof shall be evidenced by
and shall be payable upon pre-
sentation and surrender of inter
est coupons to be attached to
each of said bonds. Both the
principal of and the interest on
said bonds shall be payable in
lawful money of the United
States of America at the Pasca-
goula-M Moss Point Bank, in the
City of Pascagoula, State of Mis-
sissippi, The said bonds shall be
autographed in two o more col
orS to prevent eounterfeiting
and shall be executed by the
Mayor of said City, attested by
the City Clerk, with the seal of
said City impressed upon each
bond, and the interest coupons
to be attached to said bonds
shall be executed by the facsim-
lie signatures of said officials.
The said bonds shall be number
ed rom One Cd to Thirty 600.
both inclusive; shall be of the
denomination of One Thousand
Dollars $4,000 each; and shall
mature, without option of prior
payment, as follows:
Bend No. Amt. Maturity
and . 50 000 NAV / 1916