The Chronicle-star combined with the Moss Point advertiser., 1948-08-06
NOTICE OF noNn sAtr

$4,000 SCHOLL BONDS OF ST. MAR
TIN CONSOLIDATED SCHOOL DIS
TRICT OF JACKSON COUNTY.
MISSISSIPPI.
the Board of Supervisors of Jackson
County. Mississippi. at the office of
said Board in the Courthouse. in the
City of P~ascagoula. Mississippi, until
the hour of ten o'clock, a. m. on Tues
day. the Gath day of August. l948. at
which time said bids will be publicly
opened for the purchase, at o less
than par and accrued interest. of Six
Thousand Dollars tS6. 0OO) School Bonds
of St. Martin Consolidated School Dis
trict of said County.
The said bonds bear date Of Sep
TENDER l, 1913, are to be for the
following denominations, six t6) bonds
for the sum of 81 600 each. and shall
bear interest at a rate or rates to be
determined pursuant to sale of said
bonds, payable March l, i949, and
semi-annually thereafter upon Sep
TENDER l. 1919, and March / in each
year. both principal and interest on
said bonds will be payable at the
County depository of jackson Coun-
ty, Mississippi, In the City of Pasca-
goula, and said bonds shall mature
without option or prior payment, on
September | of each of the years and
in the amounts indicated, to-wit:
September l, 1881 900
September l, l950-$l 900
September 1, l95t--S1 900
September 1, is52-$l, 900
September 1. l953-$l.00
September 1. 1851, 900
Bidders are requested to designate
in their bids the price they will pay
for bonds bearing interest at a rate
or rates likewise to be designated in
their bids; provided. however. that all
bonds to be the same maturity shall
bear interest al the same rate. which
shall be an even multiple OF one
eighth of per cent u-ath of 1%l. It
is the intention of the Board Of Sup
ervisors to determine which of the
bids submitted Is the highest bid
upon the basis of the lowest total
interest cost over the life of the issue
at the rate or rates of interest speci-
fled in the bids. less the premium Of
Proposals should be addressed to
the Board of Supervisors, should he
plainlv marked PROPOSAL FOR
BONDS" and should he filed with the
Clerk of the Board Of Supervisors on
or prior to the date and hour here
inabove named. Each bid must be
accompanied by a cashiers check. GER.
titled check or exchange. payable to
the Board of Supervisors of Jackson
County, Mississippi In the amount OF
Dollars $3.50 00). issued or certified
by a bank located in the State OF
Mississippi, as a guarantee tnat the
bidder will carry out his contract and
purchase the bonds IL his hid is ac-
cepted. II the successful bidder fails
to purchase the bonds pursuant to
his bid and contract. the amount OF
! such good faith check shall be re-
tanned by the Board of Supervisors as
liouidated damages for such failure.
The Board of Supervisors reserves
! the right to reject any and all bids,
and then to sell the bonds at private
sale within sixty t60l days at a price
not less than the highest bid received,
determined as aforesaid;
Said bonds to be validated by the
Chancery Court as Is provided bv
statute and the st Martin CONSOLE
dated School District to paw for the
printing of said bonds, and the cost of
vsiidation thereof.
Delivery of said bonds will be made
IN the purchaser on or before forty
five f45) days after September I, 1913.
in the City of Pascagoula. Mississippi.
without cost to the purchaser; de-
livery elsewhere will be made at the
expense of the purchaser.
BY order of the Board of S%upervis-
ors of Jackson County. Mississippi.
this 3rd day of August, 1913.
NJ. c. EVERETT.
Clerk. Board of Supervisors.
2f-H-6 IL