The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1946-09-26

5R, LEXINGTON, MISSISSIPPI
ing into said Industrial enterprise,
shall fully comply with all the pro-
visions of Chapter 24l, Laws of Mis-
sissippi of 1914, and especially with
Section Is thereof;
4. That the Certificate OF Public
Convenience and Necessity shall
expire on the 23rd day of August,
I947, under the provisions of Chap
ter 24l, Laws Of Mississippi Of 1914.
1t is further ordered by the Ex-
ecutive Committee of the Board
that the Secretary hereof be author
lied and empowered, under the seal
of this Board, to issue to the City
of Lexington, Holmes County, Mis-
sissippi, a Certified copy of this
Order as the Certificate of Public
Convenience and Necessity for said
City of Lexington, Holmes County,
Mississippi, to proceed in accord
with this Order.
Adopted by the Executive Com
mittee of the Mississippi Agricul-
tural and Industrial Board, in the
name of the Board Of Directors and
in accordance with the powers con-
ferred upon the Executive Commit
tee by resolution adopted by the
Board Of Directors on February 20,
1945, at the office Of the Board in
the City Of Jackson, Kinds County,
Mississippi, on the oath day of
August, 1916, after having been
convened in special meeting, said
Order having been passed by the
following vote, to-wit:
Members Of the Executive Com
mittee of the Board voting for the
Order: Littleton Upshur, Harvey
Lee Morrison, William E. Barksdale.
Members Of the Executive Conn
mittee of the Board absent and not
voting: Thomas L. Bailey, Hugh L.
White.
Members Of the Executive Com
mittee of the Board voting against
the Order: None; and
Whereas, the Mayor and Board
of Aldermen of the City of Lexing-
ton, Holmes County, Mississippi,
does now affirmatively find and
adjudicate that all findings Of fact
rect and that it is to the best in
terest Of the said municipality to
issue the bonds of the City Of Lex
ington, Holmes County, Mississippi,
in the sum Of one hundred fifty
thousand dollars ($150, 100000 for the
Of acquiring, owning,
operating and/or leasing to a repu-
table and solvent manufacturing con-
Germ, providing a payroll and in
come for the citizens OF the City
of Lexington, Mississippi, and the
surrounding territory, such garment
manufacturing building to be as
provided in said Certificate; and
Whereas, by said Certificate Of
the Mississippi Agricultural and In
dustrial Board has, under the terms
of said Act affirmatively found that
the City of Lexington, Mississippi,
is entitled to come within the pro-
visions of such Act, and has issued
said Certificate of Public Convent
ence and Necessity as above quoted;
and
Whereas, in said Certificate the
Mississippi Agricultural and Indus
trial Board has fixed the amount OF
said bonds to be issued in the sum
Of one hundred fifty thousand, dol
lars ($150, 100000 and has determined
tL.at the amount of taxes necessary
to be levied and collected annually
to retire said bonds shall be in an
amount Of not less than the amount
Of principal and interest due dur
ing each year until said bonds and
interest thereon are paid in full,
and has fixed the maturity dates
Of said bonds in series over period
of twenty (20) years as set forth in
said Certificate; and
Whereas, the City Of Lexington,
Holmes County, Mississippi, is de-
sirous of coming within the pro-
visions Of the said Chapter 241, Laws
of Mississippi Of 1914, and Of issu-
ing the bonds pursuant thereto and
Of entering upon industrial develop
ment in accord with said Certifi-
cate issued to said municipality by
the Mississippi Agricultural and In
Board.
Now Therefore, Be 1t Resolved
by the Mayor and Board of Alder
men of the City of Lexington,
Holmes County, Mississippi, that the
SdIu NldyOI DOclo w iiOiCoy cAAA
now declare the intention Of said
Board of issuing the bonds of the
City of Lexington, Holmes County,
Mississippi, in the sum of one hun
bred fifty thousand dollars ($150,000.-
OO). which amount the said Mayor
and Board affirmatively finds and
adjudicates, as set forth in the above
quoted Certificate will not exceed
twenty per centum (20%) of the
assessed value of the taxable prop
erty of the City of Lexington,
Holmes County, Mississippi, as pro-
vided in Chapter 241, Laws Of Mis-
sissippi of 1914, and that such bonds
shall be issued for the purpose of
acquiring, owning, operating. and
leasing as set forth in said Certifi-
cate, of garment manufacturing
building and lands necessary there
for.
Il