The Durant news., 1946-12-26
LEGAL NOTICES
AN ORDINANCE

An Ordinance authorizing the issue
and sole of Sixty Thousand Dollars
($60.000.00) of industrial Bonds oi
the City of Duront. Holmes Coun.
ty. Mississippi. fixing the dute. de.
nomination. mdturities. interest
rute and form thereon. and for
purposes.
Whereas it appears to the Mayor
and Board of Aldermen of the City
of Durant, Holmes County, Missis--
sippi, and it is so found, determined
and adjudged:
(A) That on the 18th day of Sep
tember, 1916, at a regular meeting
of the Mayor and Board of Alder
men of the said City of Durant,
Holmes County, Mississippi, said
Mayor and Board did in writing
properly make application to the
Mississippi Agricultural and Indus
trial Board and requested said Board
to examine the conditions and op-
portunities presented in the said
CITY of Durant, Mississippi, for fur.
ther industrial development, and
further requested such Board to is
sue a Certificate of Public Conven-
icnce and Necessity authorizing the
said City of Durant, Mississippi, to
come under and take advantage Of
the provisions of said Chapter 241,
of the Laws of Mississippi, 1914, for
the purpose of expanding, adding
to and iproving the industrial prop
erty now owned by said city; and
OBJ That said Mississippi Agricul-
tural and Industrial Board did, Pur-
suant to such application made by
the City of Durant, Mississippi, in
vestigate conditions in such NUM-
cipality, holding meetings, gathering
information, and thereon did deter
mine that the said City Of Durant
was entitled to such further indus
trial development under provisions
of said Chapter 241, Laws of 1914;
(C) That the Mississippi Agricul-
tural and Industrial Board did issue
to the City of Durant, Mississippi,
q Certificate Of Public Convenience
and Necessity authorizing the said
City Of Duralt to issue the bonds OF
said City, in sum not in excess
Of $50, 10000, for the purpose Of ex-
panding, enlarging, making and con-
structint additions & improvements
to and upon the industrial property
Of the said city. Of Durant, now under
lease to the Real SILK Hosiery Mills,
Incorporated, and to own, to operate,
and to lease, and to otherwise dis
pose of the said Industrial property
and the additions and improvements
thereto.
(D) That the Mayor and Board Of
Aldermen of the City of Durant,
Mississippi, after the receipt of such
Certificate of Public Convenience
and Necessity for the Industrial de-
velopment of said municipality, at
a regular meeting of said Mayor and
Board on the 18th day of November,
1046, did by resolution properly and
legally passed, ordered the City
Clerk and the Election Commission
ers of the City of Durant, Mississippi,
to call an election in accordance
with law, submitting to the qualified
electors of such municipality the
question of whether the bonds OF
the municipality would be issued in
in the amount Of sixty thousand
dollars ($60,000) and whether there
would be industrial development In
the City of Durant under the pro-
visions of said Mississippi Industrial
Act of 1914; and ~.
(E) That the City Clerk and the
Election Commissioners of the City
Of Durant, Mississippi, did, pur-
suant to such resolution OF the
Mayor and Board Of Aldermen and
in accordance with law. call such
election on the 10th of December,
1916, and did lawfully and in ac-
cordance with the law hold such
election on said date; and
(F) That in such election there
were 551 qualified electors entitled
to vote upon the proposition ana
there were 349 votS cast in such
election, and of the total number OF
votes cast 333 votes were cast IN
favtor of the proposal and OF the
bond issue and 8 votes were cast
against the proposal and the bond
issue, and votes were rejected, the
total number of votes cast being
therefore more than majority OF
the qualified electors of the City OF
Durant, Mississippi, entitled to vote
in said election and those votes being
cast in favor of the proposal and OF
the bond issue being more than two
thirds of the total number of votes
cast in said election as is shown by
the certification of the Eelect1on
Commissioners to the Mayor ana
Board of Aldermen, dated December
10th, l946, and proof of publication
of notice of election and all now on
file with the Clerk; and
(G) That all acts, conditions and
things required by the constitution
and laws of the State of Mississippi
to be done precedent to and in the
issuance of the said bonds have been
properly and legally done, happened
and performed in regular and due
form and within the time required
by law, and that the total indebted
ness of the City of Durant, including
these bonds, does not exceed any
constitutional or statutory limita-
tions; and
CID That is is to the best interest
and for the furtherance of the gen.
eral public welfare of the City of
Durant, Mississippi, to issue the
bonds of said municipality in the
sum of $60,000.00 for the purpose
of making additions to and improv-
ing the industrial property owned by
said City of Durant, Mississippi, now