The Durant news. (Durant, Miss.) 1882-1985, 1946-11-21
A RESOLUTION

914tnp Election Commissioners.
A RESOLUTION
A Resolution declaring the inten.
tion OF the City of Duront. Holmes
County. Mississippi. to enter upon
industrial development and expun-
sion: To issue Sixty Thousand Dol
lors tS60.000.0 0) in bonds for soid
industrial development and expun-
sion and directing the calling and
holding of On election to determine
whether suid City shall issue its
bonds for suid purpose.
WHEREAS, the City of Durant.
Holmes County, Misslssippi, owns
certain Industrial property, co1s.s.-
1ng of a parcel Of lard and lnaas-
trial building thereon, noW Beg
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
n said corporation, and the Mayor
Board of Aldermen of the City
OF Durant, Holmes County, Missis-
slppl, finds and adjudicates that
under the laws of the State of Mis-
slssippi, and particularly under the
provisions OF Chapter 24l, Laws of
mississippi, 1914, the said CITY of
Durant has, pursuant to permission
n authority of and from the Mis-
Slsslppl Agricultural and Industrial
Board, by virtue of a Certificate of
Public Convenience and Necessity
granted and issued to said Citv If
Durant by said Board, subject to
.he SUBMISSION of the proposition to
tne qualified electors of said NUM-
Cipallty, the power, the right and
the authority to issue the bonds of
SAD CITY for the purpose of acouir-
ing, erecting, constructing. owning
operating and leasing additions and
improvements to and upon the chow
mentioned industrial property for
use as a textile or hosiery mann.
Iacturing plant suitable to the neede
OF the municipality as found nv tho
sad Mississippi Agricultural and In
uustrial Board under the provisions
OF SAID Act, in such sum as will not
to more than twenty peer
centum (20Ga) of the assessed value
OF all the taxable property within
the City of Durant, Mississippi nc
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,
VENlENCE AND NECESSITY
Before the Executive Committee
OF the Mississippi Agricultural and
industrial Boord in the matter Of
the application of the Mayor and
Boord of Aldermen. City of Durunt
Holmes County. Mississippi. for G
Certificate of Public Convenience
nnd Necessity for industrial De.
veloprent.-No. so
Order Granting A Certificate oil
Public Convenience and Necessity
After Hearing.
WHEREAS, under the terms of the
provisions of a Certificate of Public
Convenience and Necessity ISSUED
under the provisions of Senate Bill
Nc. ! 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 nov
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, made
application TO the Mississippi Agri
cultural and Industrial Board for
Certificate of Public Convenience
and Necessity for the industrial de.
velopment of said City of Durant
Holmes County, Mississippi, by til,
enlargement and expansion of thu
said industrial enterprise established
as heretofore set forth; and,
WHEREAS, the Executive Com
mltee of the Board has made in
vestigation 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 munici
patty to expand and enlarge sale
Industrial enterprise without undue
the citizens thereof. reference beinl
hereby made to all files and record.
of this Board of such investigation
made in full aid hereof as though
copied herein in full.
NOW, THEREFORE, the Execut
i've Committee of the Board finds a,
a matter of fact that the natural
resources readily and economical,
available and obtainable in tn
territory of the CITY of Duran'
Holmes County, Mississippi, tn
svailable labor supply, the propert.