The Durant news. (Durant, Miss.) 1882-1985, 1946-11-28
A RESOLUTION

A RESOLUTION
a Resolution declaring the inten.
ton of the City of Duront. Holmes
County. Mississippi. to enter upon
industrial development and expan.
SION: To issue Sixty Thousand Dol.
hrs ($60.0C0.00) in bonds for soid
industrial development and expun.
sion and directing the cullina and
Aolding Of On election TO determine
Whsthex said City shall issue its
-6onds for said purpose.
WHEREAS, the City Of Durant,
Holmes County, Mississippi, owns
certain industrial property, consist
ing of a parcel Of land and indus
trial building thereon, now being
used and operated as a hosiery
manufacturing plant by Real Silk
Hosiery Mills, Inc, a corporation.
by virtue of a lease contract exist
ing between said City of Durant
and said corporation, and the Mayor
and Board of Aldermen of the City
at Durant, Holmes County, Missis-
sippi, finds and adjudicates that
under the laws of the State of Mis-
sissippi, and particularly under the
provisions of Chapter 24l, Laws of
Mississippi, 1914, the said City of
Durant has, pursuant to permission
mo authority Of and from the Mis-
sissippi Agricultural and Industrial
BOARD, by virtue of a Certificate of
ruolic Convenience and Necessity
granted and issued to said CITY Of
rans Dy SAL Board, subject to
me submission of the proposition TO
tne qualified electors Of said NUM-
cipanty: the power, the right and
e authority to issue the bonds Of
SAID City for the purpose of acouir-
ing, erecting, constructing. owning
operating and leasing additions and
improvements to and upon the above
mentioned Industrial property for
ne as q textile or hosiery NAM
A1cturing plant suitable to the neal.
81 the municipality as found hv az
eaid Mississippi Agricultural and Tn
dustrial Board under the provis,on.
q said Act, in such sum as will not
amount to more than twenty neer
centum (20%), Of the assessed value
q all the taxable properly within
me City OF Durant, Mississippi no
- provided by said Act. and as fixed
m said Certificate of Public Con-
xenience and Necessity, which said
Certificate is as follows.
CERTIFICATE OF PUBLIC CON.
VENlENCE AND NECESSITY
Before the Executive COMMITTEES
OF the Mississippi Agricultural ono
industrial Boord in the mutter al
the application of the Moyor and
0oGrd of Aldermen. City of Duront,
Holmes County. Mississippi, for q
Certificate of Public Convenience
ond Necessity for Industrial De.
velopment.-No. so
Order Granting A Certificate O.
Public Convenience and Necessity
After Herring.
WHEREAS, under the terms of the
provisions of a Certificate of Public
Convenience and Necessity issued
under the provisions of Senate Bill
Ne. l of the Laws of the First Extra
ordinary Session of the Mississippi.
Legislature of 1886, the City of Du.
rant. Holes County, Mississippi, has
heretofore established and now
owns an industrial enterprise which
Is now being operated as a hosiery
manufacturing type of industry by
the Real Silk Hosiery Mills, Inc.
and,
WHEREAS. on the 18th day O
September, 1916, the Mayor anC
Board of Aldermen, City of Durant
Holmes County, Mississippi, mad
application to the Mississippi Agri
cultural and Industrial Board for
Certificate of Public Convenienc'
and Necessity for the industrial de
velopment of said City of Duran'
Holmes County, Mississippi, by TIL
enlargement and expansion of tn
said industrial enterprise established
as heretofore set forth; and,
WHEREAS, the Executive Com
mitee of the Board has made in
yestigation to determine whethe
said City of Durant, Holmes County
Mississippi, has sufficient resources
available labor supply adequate prop
erty value, and suitable financia
conditions to permit said munich
pality to expand and enlarge sal
industrial enterprise without undu
burden upon said municipality an
the citizens thereof, reference bein
hereby made to all files and record
of this Board of such investigator,
made in full aid hereof as thougI
copied herein in full.
NOW, THEREFORE. the Execut
i've Committee of the Board finds a
a matter of fact that the natura
readily and economical
available and obtainable In tn
territory Of the City of Duran
AH{1~a0X~~{ ~