The Chronicle-star combined with the Moss Point advertiser., 1946-06-07

notr OF 500 O'CLOCK Z. M. on the
aforesaid date; each old to be accom-
panied by a cashiers check. ceru-
fled check. or exchange. payable TO
the City of Pascagoula, Mississippi,
issued or certified by a bank located
in tine State of Mississippi, in the
mount of Six Hundred Dollars
tS500l as a guarantee that the bidder
will carry out his contract and pur-
chase the bonds if the bid is accept
ed. If the successful bidder fails to
purchase the bonds pursuant 10 his
bid and contract. the amount of such
good faith check shall be retained
by the City of Pascagoula and paid
into the City Treasury of said City
as l~iquidated damages for such fail
ure. The Board of Mayor and Coun-
cilmen reserves h right to reject any
or all bids submitted, and If all bids
are rejected. to sell said bonds at
private sale at any time within sixty
t60) days after the date advertised
less than h highest bid which shall
have beer received ut such advertis-
ed sale.
SECTION 3. That bidders for said
bonds be requested to designate in
their bids the price they will pay
for bonds bearing interest at a rate
or rates likewise TO be designated
in their bids: provided, however. that
all bonds of the same maturity shall
peal interest at the same rate, which
shall be an even multiple of one
eighth OF n per centum C/8 of
1T1.
SECTION 4. That, as required by
House Bill No. 277 of the Legislature
of the State of Mississippi, approved
Marcn ~, 1896, the City Clerk shall
be and he is hereby authorized and
directed to give notice of the sale
of said bonds by publication at least
two C2) times in the Pascagoula
Chronicle Star and Moss Point Adj
vertiser, a newspaper published in
Jackson County, Mississippi; the first
publication to be made at least ten
tl0) days preceding the date for the
reception Of bids. and such notice
to be IN substantially the following
form. to-wit:
NOTICE OF BOND SALE
100000
FIRE DEPARTMENT BONDS
CITY OF PASCAGOULA,
MISSISSIPPI.
Sealed proposals will be received
by the Board of Mayor and Coun-
cilmen of the City of ~Pascagoula,
Mississippi. at the office of the City
Clerk in the City Hall of said City,
uIllti lIlC IlOuI vi w " &iO1h Il . Wa
on Tuesday, the Is day of July. 1916.
at which time said bids will be pub
licly opened for the purchase, at not
less han par and accrued interest,
of Thirty Thousand Dollars 1880. 000l
of Fire Department Bonds of said
City of P~ascagoula.
Said bonds are to bear date of
August /, 1946. are to be of the de-
nomination of One Thousand Dollars
Isl, 0O0) each, and shall bear interest
at a rate or rates to be determined
pursuant to sale of said bonds, pay
able semi-anrnfally on February list
and August fst in each IA Both
principal of and interest on said
bonds will be payable at the Pasca-
goula-Moss Point Bank, in the City
of ~Pascagoula. Mississippi, and said
bonds shall mature serially. without
option of prior payment, $1,000 or
to 1861, both inclusive.
Bidders are requested to designate
in their bids the price they will pay
for bonds bearing interest at a rate
or rates likewise to be designated
in their bids; provided. however. thai
all of the bonds of the same matur-
ity shall bear interest at the same
rate, which shall be an even multi
pie of one-eighth of one per CEN
IOit Alfolil VI AfHts
Proposals should be addressed to
the Board of Mayor and Councilmen
should plainly be marked Proposal
for Bonds" and should be filed witt
the City Clerk on or prior to the
date and hour .hereinabove named
Each bid must be accompanied By
a cashiers check, certified check. OF
I exchange. payable to the City o
Pascagoula. Mississippi. issued or GER
titled by a bank located in the Stat'
of Mississippi, in the mount of 81,
Hundred Dollars (S600l as a guarantee
that the bidder will carry out hi
| contract and purchase the bonds |
the bid De accepted. II the sue
cessful bidder fails to purchase thu
bonds pursuant to his bid and con
tract. the amount of such good faith
| check shall be retained by the Cit,
| and shall be paid into the Treasur.
of said City of P~ascagoula.
The Board of Mayor n Council
| men reserves the right to reject an,
or all bids, and If all bids are re
| jected. to sell said bonds at pfivat,
| sale at n time within sixty day
| after the date advertised for the re
| ception of bids. at a price not les
thar the highest bid which shall
have been received at such advertis
ed sale.
The City will furnish the lcga
| opinion Of the law firm of Charles
| and T~auernicht, st. Louis. Missouri
and will pay for the printing of thu
| bonds and the cost of the validatior
of the bonds. Delivery of the bond
will be made to the purchaser on o.
| before October LIST, 1916. in the Cit,
of Pascagoula, Mississippi. withSa'
cost to the purchaser. Delivery else
| where will be made at the expens'
of the purchaser.
BY order of the Board of Mayo
and Councilmen of the City of Pas
cagoula. Mississippi. this II day o
v. p. DeJEAN.
City Clerk.
shall obtain from the publisher o
the aforesaid newspaper the custo
mary publishers affidavit proving
publication of said notice for tn
time and in the manner required
by law, and such proof of publica
ton shall be filed In the City Clerk
office.
The foregoing resolution havinI
been introduced in writing at this,
regular meeting of the Board OF Mayo
and Councilmen of the City Of Pas
eagoula held on Friday, the 18th da.
of May, 1916. was at said meeting
read, considered and adopted, para
graph by paragraph, section by sec
ton, and then as a whole, Wtthou
change in the form in which IL wa
introduced, by the following vote:
Beckham voted yea.
DeJean voted yea,
Watts voted yea.
STATE OF MISSISSIPPI
COUNTY OF JACKSON
CITY OF PAScAGOULA
I, ". p. DeJean. Clerk of the Cit,
of Pascagoula. Mississippi, do hereb,
certify that the above and foFegoin
is a true and correct copy of Res
olution No. Three. 1916. which Res
olution was duly and regularly adopt
ed by the Board of Mayor and Coun
cilmen AZ its regular meeting he'll
on Friday. May 81. 1916. as the sam
appears on the minutes of said meet