The Durant news., 1946-12-26

tions and Improvements tnereto ior
said municipality as municipal IN
dustrial enterprise. :,
Section 2. That said bonds shall
be designated as "City of Durant,
Holmes County, State of Mississippi,
Industrial Bonds of 1947", be litho-
graphed or engraved or printed, or
| Autographed, engraved and printed
| in two or more colors to prevent
counterfeiting, be dated January lst,
1947, be payable to bearer, be pay
able as to both principal and interest
in lawful money of the United
States of America at the City De-
pository of the City of Durant, at
Durant, Mississippi, to be signed by
the clerk of the City of Durant,
Mississippi, with the municipal seal
of said municipality impressed
| thereon, the coupons on said bonds
to bear the facsimile signature of
said Mayor and said Clerk and said
bonds shall be in denominations of
Five Hundred Dollars ($50000D each,
be numbered in regular series, from
to 100, both inclusive, and mature
in their numerical order (the City
of Durant, Mississippi, through its
Mayor and Board of Aldermen, re-
serving the right to redeem these
bonds in whole or in part on jan
uary 1st, 1857, or on any interest
paving date thereafter at par and
accrued interest in the inverse num-
erical order after giving 30 days
notice by publication one time in
the newspaper published and hav-
ing circulation in the City OF Du-
rant, Mississippi, and also one time
in paper published and having cir
culation in the City of Jackson,
Mississippi, on.----------------------- in each
year as follows, to-wit:
bonds of $500.00 each numbered
/ to 5 inclusive, due January /,
1948.
S bonds of $5OO.0O each numbered
6 to 10 inclusive, due January l,
1949.
S bonds of $5OO0O each numbered
II to Is inclusive, due January l,
S bonds. of $4,000 each numbered
16 to 20 inclusive, due January !,
S bonds of $4,000 each numbered
81 to Is inclusive, due January l,
S bonds of $5oo.oo each numbered
rs to 80 inclusive, due January l,
1858.
S bonds of $4,000 each numbered
81 to IS inclusive, due January l,
1854.
S bonds of $4,000 each numbered
SO to 40 inclusive, due January l,
1856.
s bonds Of $5oo.o0 each numbered
Al to 46 inclusive, due January l,
1856.
s bonds of $5O0.O0 each numbered
AZ to So inclusive, due January l.
1857.
6 bonds Of $4,000 each numbered
SO to So inclusive, due January l,
1858.
6 bonds of $4,000 each numbered
SO to 81 inclusive, due January l,
1859.
Z bonds of $4,000 each numbered
65 to II inclusive, due January l,
1860.
Z bonds of $50O.OO each numbered
u to 78 inclusive, due January l,
1861.
7 bonds of $4,000 each numbered
70 to IS inclusive, due January l,
1862.
Z bonds of $50O.00 each numbered
Sc to 81 inclusive, due January l,
1868.
Z bonds. of $5OO.OO each numbered
SO to 80 inclusive. due January l,
I bonds Of $5OO.oO each numbered
100 to 1O6 inclusive, due January !,
1865.
: bonds of $5oO.OO each numbered
107 to lib inclusive, due January l,
1866.
Z bonds of $5OO.OO each numbered
ia to 100 inclusive, due January l,
1867.
Section 3. That said bonds shall
bear interest from their date until
paid, payable semi-annually on JAN
uary 1st, and July lst in each year,
at the rate of not more than four
per centum (4%o) per annum.
Section 4. That the interest cou-
pons on said bonds shall be executed
and signed with the facsimile sig
nature of the Mayor and the Clerk
of said City.
Section S. That said bonds, the in
terest coupons annexed thereto and
the certificates endorsed theron,
shall be substantially in the follow
ing form, to-wit:
(bond form)
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI
COUNTY OF HOLMES
CITY OF DURANT
No.....-------.-.-------.-- $4,000
City of Durant, Industrial Bond 1947
The City of Durant, Holmes Coun-
ty, Mississippi, for value received,
acknowledges itself indebted and
promises to pay to bearer on the
lst day of January, Ii.
FIVE HUNDRED DOLLARS
together with interest thereon from
the date hereof until paid at the
rate of -------- go per centum
per annum, payable on July lst,
1947, and semi-annually thereafter
on January 1st and July 1st in each
year. Interest accruing on this bond
on or prior to the maturity date
hereof shall be payable on presenta-
ton and surrender of the interest
cOIIpopS hereto attached as thew