The Chronicle-star combined with the Moss Point advertiser., 1946-04-19
REsoIUTToN NO M

NO. ONE
A Resolution declaring the inten-
ton of the Board of Mayor n coun-
cilmen of the City of Pascagoula.
Mississippi. TO issue negotiable bonds
of said City in the maximum amount
of Thirty thousand Dollars ts30.00ol
Tor the purpose of erecting a muni-
cipal building commonly called a
Fire Sfafionl 70 house fire department
equipment and apparatus of said City.
WHEREAS. the Board of Mayor and
Councilmen of the City of Pascagoula,
Mississippi, having made due investi-
cation, finds and declares:
L. That is is necessary to erect a
municipal building commonly called
a fire station) to house fire depart
ment equipment and apparatus OF said
City;
2, That an estimate oil the cost OF
such building has been made and
such cost has been found TO be Thir-
ty Thousand Dollars 1880, 0O0D;
3. That there are at this time no
funds available in the city treasury
for the payment of such costs; and
WHEREAS, this BOARD of Mayor and
Councilmen further finds and declares
4. That the assessed valuation OF
taxable property in said City of Pas
cagoula, according to the last COM
| pleted assessment is Five Million One
| Hundred Sixty One Thousand Seven
| Hundred Thirty (S5. 16l. 10000 Dollars.
- iid liz INCONSISTENCIES vi
| said City is Two Hundred Twenty
Six Thousand tS226 10000 Dollars.
6. That the amoun of bonds pro-
posed TO be issued, namely, Thirty
Thousand Dollars $3.50. 000l. when add-
ed to the outstanding bonds of said
City, after deducting all bonds or
| other evidences of indebtedness here
| tofore issued for water and light pur-
| poses and for the construction OF
special improvements primarily
~chargeable to the property benefited,
or for the purpose OF paying the
City's proportion OF any betterment
program, a portion of which is pri-
| marily chargeable to the property
benefited. does not exceed ten per
centum (10%l of the assessed value
cording to the last completed assess
ment for taxation; and that such
amount of bonds proposed to be issued.
when added to all outstanding indeb-
tedness, both bonded and floating,
does not exceed fifteen per centum
05e5) 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
and: and that the amount of indeb-
tedness proposed to be incurred does
not exceed Thirty Thousand Dollars
S30.O001. and
WHEREAS, this Board of Mayor and
Councilmen further finds and de-
clares that under Title Is. Division
10 of the Mississippi Code, 1912, IL
is 10Y fully authorized and empow-
cred to declare its intention to issue
bonds of the City of P~ascagoula. Mis-
sissippi. in he amoun of Thirty
Thousand Dollars 1880. 000). for the
purpose of erecting a municipal build
ing commonly called a fire station
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-
ance of such bonds on a date to be
determined in this resolution, unless
twenty per centum t20esl 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 il is for the best
interest of said City TO issue said
NOW. THEREFORE. BE IT 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 Couneiimen hereby de-
clares its intention to issue bonds of
the City of Pascagoula, Mississippi.
in the maximum amount of Thirty
thousand Dollars ESQ. 0O0l 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
after determined BY this Board. and
to mature at such time or times and
in such amount or amounts. within
the limitations fixed by law. as shall
hereafter be determined by this Board.
and for the payment of such bonds
the full faith. credit and
of the City of Pascagoula shall be
irrevocably pledged.
SECTION q That the issuance of
said bonds will be authorized az a
meeting of this board to be held at
City Hall in said City of Pas
caEoula. at the hour OF 3 o'clock
D. m. ON Friday. the II dav of Nav.
1876. unless twenty per eentum 1901
of the qualified electors of the City
of Pascagoula file a written protest
against the issuance OF said bonds
on or sbefore said date.
SECTION ). That notice is hereby
given that a written protest against
the issuance of said bonds may be