The Durant news. (Durant, Miss.) 1882-1985, 1946-11-14

w. c. MARTIN,
w. P. TAYLOR,
MARCUS LOVE,
9l4tnp Election Commissioners.
A RESOLUTION
A Resolution declaring the inten.
ton OF the City of Durdnt. Holmes
County. Mississippi. to enter upon
industrial development and expun.
sion: To issue Sixty Thousand Dol
lars (S60.000.00) in bonds for soid
industrial development and expon.
sion and directing the collinq and
holding of IN election to determine
whether sold City shall issue its
bonds for soid 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
OF 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
and authority of and from the Mis-
slsslppi Agricultural and Industrial
Board, by virtue of a Certificate of
PUBLIC Convenience and Necessity
granted and issued to said Civ Of
Durant by said Board, subject to
the submission of the proposition to
tne qualified electors of said NUM-
cipallty.' the power, the right and
the authority to issue the bonds of
SAT- City for the purpose of acoI,;r-
ing, erecting, constructing own;na
operating and leasing additions arI
prGVements to and upon the above
mSa tloned industrial property for
use as a textile or hosiery mani
"a acturlng plant suitable to the needs
Oh 5ne municipality as found bv the
sac mississippi Agricultural and In
oestrial Board under the provisions
vi salo Act, IN such sum as will NOT
amoun to more than twenty neer
centum 5000 of the assessed value
OF all the taxable property within
the City of Durant, Mississippi. as
IS provided by said Act, and as fixed
IN said Certificate of Public Con-
venience and Necessity, which said
Certificate is as follows:
CERTIFICATE OF PUBLIC CON.
vENIENCE AND NECESSITY
Before the Executive Committee
OF the Mississippi Agricultural and
industrial Bourd in the natter of
the application of the Mayor and
Board OF Aldermen. City of Duront,
Holmes County. Mississippi, for a
Certificate of Public Convenience
n Necessity for industrial De-
velopment.-No. 50
Order Granting A Certificate of
Public Convenience and Necessity
After Hearing.
WHEREAS, under the term of the
provisions of a Certificate of Public
Convenience and Necessity issued
under the provisions of Senate Bill
No. 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 of
Septeber, 1916, the Mayor and
Board of Aldermen, City of Durant,
Holmes County, Mississippi, made
application to the Mississippi Agri-
cultural and Industrial Board for a
Certificate of Public Convenience
and Necessity for the industrial de-
velopment of said City of Durant,
Holmes County, Mississippi, by the
enlargement and expansion OF the
said industrial enterprise established
as heretofore set forth; and,
WHEREAS, the Executive Com
mitee of the Board has made in
vestigation to determine whether
said City of Durant, Holmes County,
Mississippi. has sufficient resources,
available labor supply adequate prop
erty value, and suitable financial
conditions to permit said munich
pality to expand and enlarge said
industrial enterprise without undue
burden upon said municipality and
of this Board of such investigation
hereby made to all files and records
the citizens thereof, reference being
made in full aid hereof as though
copied herein in full;
NOW, THEREFORE, the Execut-
i've Committee of the Board finds as
a matter of fact that the natural
resources readily and economically
available and obtainable in the
territory of the City of Durant,
Holmes County, Mississippi, the