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

Section A. That for the pur-
pose of providing for the pay
ment of the principal of and the
interest on the said bonds as
they shall respectively mature
and accrue, there shall be and
there is hereby levied a direct
continuing annual tax upon all
of the taxable property within
the said City, sufficient to pro-
duce in each of the years 1916
to 1860, both inclusive, the sums
required for the payment of said
principal and interest. The said
tax shall be extended upon the
tax rolls and collected in the
same manner and at the same
time as other city taxes are col
fccted; and the proceeds derived
from the collection of said tax
shall be used exclusively for the
purposes herein required.
Section 5. That in order to
provide for the payment of in
terest which will accrue on said
bonds on November /, 1945, prior
to the time when the first tax
herein provided for can be levied
and collected there is hereby APP
propriated Out of the Interest
and Bond Redemption Fund of
said City a sum sufficient to
pay said interest due November
/, l945.
Section 6. That the said bonds
shall be submitted to validation
under the provisions Of Title. 10,
Chapter | of the Mississippi Code
of 1912, and to that end the City
Clerk shall be and he is hereby
authorized and directed to make
up and certify to the States
Bond Attorney a complete tran
script of all proceedings had in
relation to the issuance of the
bonds herein described.
Section 7. That the bonds here
in authorized to be issued shall
be offered for sale to the high
est bidder therefor on the 18th
day of June, 1945, and, at the
time of the sale of said bonds,
this Board of Mayor and Coun-
cilmen shall adopt a further res
olution fixing the rate of interest
the said bonds shall bear, with
in the limit herein prescribed.
Section 8. That when the said
bonds shall have been executed
as herein directed, and when
they shall have been registered
by the City Clerk, they shall be
delivered to the purchasers there
of in accordance with the terms
| of sale.
Section 9. That this ordinance
shall take effect and be in full
force from and after its adoption,
approval, publication and enroll
ment.
Adopted and approved this rs
day of May, 1945.
(SEAL)
j. r. WATTS,
Mayor.
V. P. DeJEAN,
City Clerk.
The above and foregoing ordi-
nance having been reduced to
writing and having been intro
duced at the recessed regular
meeting of the Board of Mayor
and Councilmen of the City of
Pascagoula, Mississippi, held at
3 P. M, the 9th day of May,
1945, at the regular meeting place
of said Board in the City Hall of
said City, and the same having
been marked filed by the City
Clerk, was read at the said meet
ing by the Clerk, and on motion
duly made, seconded and unani-
mously carried, the same was
ordered to remain on file with
the City Clerk for public inspee-
ton for a period of two weeks,
until the 25th day of May, l945.
STATE OF MISSISSIPPI
COUNTY OF JACKSON
CITY OF P~ASCAGOULA
|, the undersigned v. P. De
JEAN, Clerk of the City of Pas
cagoula, Mississippi, hereby GER
tify that the above and foregoing
is a true and correct copy of
Ordinance No. is, 1945, which
was duly adopted by the Board
of Mavor and Councilmen of the
City of Pascagoula, at a regular
meeting held on the 25th day of
May, l945, as the same appears
on the Minutes of said meeting.
WITNESS MY HAND and Seal
of the City of Paseagoula, this
the 18th day of May, 1945.
(SEAL)