The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1946-06-27

5~fO, QO6S uOl eACecO 1910 Va
the assessed valuation of property
in said City of Lexington separate
School District as ascertained by
the last complete assessment of prop
erty in said District for taxation;
and
Whereas, the Board of Mayor and
Aldermen of the City of Lexington,
Mississippi, has investigated and
does now determine that only 636
qualified electors residing in said
City of Lexington Separate School
District are qualified to take part
in such bond issue election; now
Therefore, Be 1t Resolved by the
Board of Mayor and Aldermen of
the City of Lexington, Mississippi:
Section /
That the Board of Mayor and
Aldermen of the City of Lexington,
Mississippi, does hereby declare the
intention of said Board to issue the
bonds of the City of Lexington
Separate School District of Holmes
County, Mississippi, in a sum not ex-
ceeding SIS, 900. 90 for the purpose
of obtaining funds with which to
erect and equip a building to be
QSCo " 6lfAllS fONdIiOkld4 tAuA1lLAA6
and teaching Home Economics, for
use by the White educable children
of said District, and with which to
repair the grammar school building
and high school building used by
District and with which to repair
the school buildings owned by. said
District and used by the colored
0l.ooLl@ 1L;Ilra~ ~ co;I Dicfriof
and with which to repair existing
equipment and purchase additional
equipment for use in said buildings,
which bonds shall be serial bonds
with not less than one-fiftieth of
the total issue to mature each year
the first five years Of the
life of said bonds and not less than
one-twenty-fifth of said total issue
mature annually during the sue
ten-year period of the life
of said bonds and the remainder to
be divided into approximately equal
one payment to mature
each year of the remaining
life of said bonds, said bonds not to
bear a greater rate of interest than
six per cent per annum payable
semi-annually, all in conformity
with and in accordance with the
Constitution and Laws of the State
of Mississippi governing the issu-
.nce of such bonds.
Section II
Be It Further Resolved that an
election be held in the City Hall in
the City Of Lexington, Holmes
County, Mississippi, on Tuesday, the
23rd day of July, 1916, to determine
whether or not a majority of the
qualified electors of the City of Lex
Separate School District OF
Holmes County, Mississippi, author
ize the issuance of said bonds and
that the Clerk of the City of Lex
Mississippi, do give notice
to the Election Commissioners of the
City of Lexington, Mississippi, re-
curing them to do all acts and to
take all necessary steps for the hold
ing of such election, and that X. ..
Duke be and he is hereby deSig-
mated to have printed and distribut-
ed the ballots to be used in said
election.
Section III
Be It Further Resolved that not
less than three weeks notice OF said
election be given by the Clerk OF
the City of Lexington, Mississippi,
by a notice published in The Lex
ington Advertiser, a newspaper pub
lished in the City of Lexington, Mis-
sissippi, once a week for four weeks
preceding the 23rd day of July, 1916.
Section Nv
Be It Further Resolved hat this
resolution take effect and be in
force from and after its passage.
Approved:
NORMAN WEATHERSBY,
Mayor.
Attest:
c. A. GLOVER, Clerk.
The foregoing resolutions having
been first reduced to writing was
read and considered by sections and
each of said sections was duly adopt
ed by the following vote: Aldermen
W. D. Wilson, L. P. Johnson and O.
L. Ellison voting yea; those voting
nay, hone; Aldermen G.. S. Patter-
son and w. o. Thompson being