The Chronicle-star combined with the Moss Point advertiser., 1946-05-03
NoI ONE

OF WADE SCHOOL
John Cumbest. Chairman
/ 4-19. 26 SO. 10
RESOLUTION NO! ONE
a Resolution declaring the inisn
ion of the Board of Mayor and Coun
illmon of the City OF P~aseagouls
1issisxippi. 10 issue negotiable hond;
u said City in The maximum amour
4 Thirty Thousand Dollars t53o.oool
or the purpose OF erecting a mum
ire Sfafionl 10 house fire department
quipmenf and apparatus of said City
WHEREAS, the Doard CT Mayor a
-ouncilmen OF the City OF pascagoula
Mississippi, having made due inYesti'
sasion, finds and declares:
|. That is Is necessary to erect 9
municipal building commonly calico
4 fire station to house fire depart
nent equipment and apparatus OF saio
City:
2 That an estimate of the cost OF
UGH building has been made ant
inch cost has been found to be Thir-
y Thousand Dollars 1880, 000l;
5 That there are at this time NO
unds available in the city treasury
or the payment OF such costs; ano
WHEREAS, this Board of Mayor anc
Councilmen further finds and declares
4. That the assessed valuation OF
.axable property in said City of Pas
agoula. according to the last com
leted assessment is Five Million One
hundred Sixty One Thousand Seven
hundred Thirty t$5, 16i 10000 Dollars,
5. That the total Indebtedness OF
aid City Is Two Hundred Twenty
six Thousand tS226 900. 00l Dollars.
6. That the amount OF bonds pro-
oscd to be issued, namely. Thirty
thousand Dollars $3.50 .000l, when ado
d to the outstanding bonds of said
lily. after deducting all bonds or
- -. - - 49,
sofore issued for water and light pur
POSES and for the construction OF
pecial improvements primarily
hargeable to the property benefited,
" for the purpose of paying the
sity's proportion of any bettermeni
narily ~chargeable to the property
benefited, does not exceed ten pei
900 of the assessed value
If taxable property in said City ac-
eording to the last completed assess
nent for taxation; and that such
of bonds proposed to be issued
when added to all outstanding indcb-
tedness. both bonded and floating.
does not exceed fifteen per centum
ti5esl of the aforesaid value of tax
able property In said City; and
WHEREAS. this Board of Mayor and
councilmen further finds and declares
that the population of the City OF
pascagoula Is less Than fifteen thous-
ifNt. anu lfldI I1t dtit0illA vi lihCb-
tedness proposed to be incurred does
not exceed Thirty Thousand Dollars
$50. 000). and
WHEREAS. this Board of Mayor and
CounciImen further finds n de
elarcs that under Title Is. Division
10 of the Mississippi Code. 1912. 1t
is now fully authorized and empow-
20 declare its intention to issue
bonds. of the City of P~ascagoula, Mis-
sissippi. in the mount of Thirty
Thousand Dollars tS30,000l, for the
purpose of erecting a municipal build
Ing commonly called a fire stationl
to house fire department equipment
and apparatus of said City. without
an election and upon the publica-
ton of this resolution declaring such
intention. and to authorize the issu-
of such bonds on a date to be
determined in this resolution. unless
twenty per centum t20qt) OF the quail
fled electors of the City of Pasca-
goula file a written protest against
the issuance of said bonds on or be-
fore said date; and 1t is for the best
interest of said City to issue said
bonds:
NOW, THEREFORE, BE 1T RESOLV-
ED BY THE BOARD OF MAYOR AND
cOUNcILMEN OF THE CITY OF PAS
cAGOuLA. MISSISSIPPI, AS FOL-
LOWS:
SECTION l. That this Board of
Mayor and Councilmcn hereby de
its intention to issue bonds of
tie City of P~aseagoula. Mississippi.
In the maximum amount of Thirty
Dollars $3.50. 000l for the pur-
pose of erecting a municipal building
commonly called a fire station) TO
house fire department equipment and
apparatus of said City; said bonds
To bear interest at a rate within the
limitations fixed by law, to be here
determined by this Board, and
to mature at such time or times and
in such mount or amounts. within
the limitations fixed by law. as shall
hereafter be determined by this Board.
and for the payment of such bonds
the fun faith. credit and resources
of the CITY ct ~Pascagoula shall be
trrevocably pied ged.
SECTION 2. That the issuance of
bonds will De authorized al q
meeting of this Board to be held at
Hall in said City of Pas
eagoula. at the hour of ) o'clock
p. m. ON Friday. the IL day of NAV,
1916. unless twenty per centum t20Hol
of the qualified electors of the City
the issuance of said bonds
on or before said date.
SECTION 3 That notice is hereby
given that a written protest against
issuance of said bonds may be
with the Clerk OF the City of
and If such a protest be
by twenty per centum t20eel
of the qualified electors of said CITY
and filed with the Clerk of said
City on or before the date fixed
for the issuance of said bonds. then
an election shall be held. as provided
by law. for the purpose of submitting
TO the qualified electors of said City
he proposition to issue bonds i'm the
amount for the aforesaid
purpose. II no such protest signed
by the requisite number of qualified
is filed, the said bonds viii
be issued without al election.
SECTION a. That the City Clerk is
authorized. and directed TO
this resolution to be published
n The Ch~ronicle-Star. a newspaper
ag general circulation in the City OF
p~ascagoula. which has been publish
. the date of the adoption of this
for three t3l consecutive
weeks prior TO said II day of MAY.
1916; said resolution to be published
1t least four "a times. the first of
aid publications to be at least TWEEN |
Y-one t2ll DAYS prior to the afore-
aid date and the last publication to
e not more thar seven ~ DAYS
TO said date,
The foregoing resolution having
aeen introduced in writing At this a
meeting Of the Board of
and Councilmen of the City
4 Paseagoula held on Tuesday, the
6 day Of April. 1916. was at said
d, paragraph by paragraph. section
y section. and then as a whole. with
iut change in the form IN which It
vas introduced. hv the salIowiap