The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1946-05-09

% Sdld pulIdlng Tor SAID boys toilet
and to expend $500 to purchase
-.Ntures tor said boys toilet; and
Whereas, it will be necessary to
axpend the sum of $4,000 for labor
necessary to. be performed in paint
ING said school building and to ex-
pend $4,000 for labor necessary to
oe performed in repairing the win
lows, doors, cutters and Hastings
Of said building and to expend $780,
10 for labor necessary to be per-
formed in making said addition to
said building and in installing the
fixtures therein, making total ex-
penditure for material, fixtures and
labor of Sl500.00; and
Whereas, no funds are available
from the maintenance fund of the
Pickens Consolidated School Dis
trict, or from any other source, with
which to make the aforesaid repairs
and to make said addition to said
building and to purchase and install
the fixtures therein, all of which
are necessary; and
Whereas, it is necessary that the
Pickens Consolidated School Dis
trict borrow the sum of $1500.00
for the purpose of paying for the
aforesaid purchases and labor for
making said repairs and addition,
and installing said fixtures; and
Whereas, the sum of $1500.O0 pro-
posed to be borrowed, when added
to the present outstanding idebted-
ness, both bonded and floating, of
the PickenS Consolidated School
District, will not result in the i'm
position upon any of the property
IN the Pickens Consolidated School
District of any Indebtedness for
school purposes of more than ten
per centum of the assessed valu-
alton of such property, as ascertain
ed by the last completed assessment
for taxation; now
Therefore, Be 1t Resolved By the
Trustees of the Pickens Consolidat-
ed School District:
Section
That by and with the consent of
the Board of Supervisors of Holmes
County, Mississippi, the Pickens
Consolidated School District of
Holmes County, Mississippi, do bor-
row the sum of $1500.00 for the pur-
pose of paying for the aforesaid
purchases of materials and for labor
for the rapair of said school build
ing and for making said addition
thereto for toilet for boys and the
purchase and installation of the fix
lures for the same.
Section II
That such loan be evidenced by
Certificates of Indebtedness of the
Pickens Consolidated School Dis
trict, and said Certificates of In
debtedness shall be dated June 3,
1916, and shall bear interest from
date at the rate of two per centum
(2%) per annum, be payable an
nually, and shall be in denominat-
ions of 100000 each and numbered
from One QD to Five (5) inclusive,
and shall be payable as follows:
No. / of said Certificates of In
debtedness shall be due and pay
able on June 3, 1947:
No. 2 of said Certificates of In
debtedness shall be due and pay
able on June 8, 1913;
No 3 of said Certificates of In
debtedness shall be due and pay
able on June 3, 1919;
No. of said Certificates of In
debtedness shall be due and pay
able on June 8, 1850; and
No. S of said Certificates of In
debtedness shall be due and pay
able on June 3, 1851.
Section III
That a copy of this resolution
shall be certified over the signature
of the President of the Board of
Trustees of the Pickens Consoli-
dated School District to the Board
of Supervisors of Holmes County,
Mississippi; and
Whereas, the Board of Supervisors
has considered said resolution; now
Therefore, Be It Resolved by the
Board of Supervisors of Holmes
County, Mississippi:
Section
That the Board of Supervisors
does now find, determine and adjudi-
cate that the facts set forth in the
aforesaid resolution do exist and
that it is necessary that the certifi-
Gates of indebtedness of the Pickens
Consolidated School District be is
sued as set forth in said resolution
for the purpose of making the pur-
chases and repairs and making the
addition and purchasing and Install