The Chronicle-star combined with the Moss Point advertiser., 1948-09-03
NO. Ia. fo4g

DIRECTING THE ISSUANCE OF
BONDS OF THE CITY OF PAsCA-
AMOUNT OF THIRTY THOUSAND
DOLLARS $3.50, 000) FOR THE PUR-
POSE OF PAVING JACKSON AVE
NUE. IN SAID CITY FROM THE
EAST MARGIN OF SOUTH PAS
SAGouLA STREET TO THE WEST
AND SETTING OUT THE FORM
OF SAID BOND AND COUPONS
TO BE ATTACHED THERETO, DE-
TRIMMING THE RATE OF IN
TEREST, MATURIT1ES AND PLACE
NJ 8AkI RAyM PR6vrs TaERE poh 44MMPP
LEVY OF TAX SUFFICIENT TO
PAY SAID BONDS AND THE IN
TEREST THEREON AS THE SAME
MATURE AND ACCRUE.
WHEREAS. heretofore. to-wit: on
the 9th day of July, i948. the Board
of Mayor and Councilmen of the City
of P~ascagoula, Mississippi, did adopt
Resolution No. 1, 1913. entitled:
"A RESOLUTION DECLARING THE
INTENTION OF THE BOARD OF
MAYOR AND COUNCILMEN OF
THE CITY OF PASCAGOULA, MIS-
SISSIPPI, TO ISSUE NEGOTIABLE
BONDS OF sAID CITY or IN T.,, The
THOUSAND DOLLARS $3.50, 000l
FOR THE PURPOSE OF PAVING
JACKSON AVENUE IN SAID
CITY"
and
WHEREAS, said Resolution declared
that IL was the intention of the said
Board of Mayor and Councilman TO
issue the aforesaid bonds on the 18th
day of August. 1913, and
WHEREAS, under the provisions of
said resolution and as required by
Section 3605 of the Mississippi Code of
fnA0 4ka eatA nna01atfnn UyQC nilh-
lished at length on the 18th. 23rd and
30th days of July and the 9th day OF
August. i948, in the Chrontcle-Star,
a newspaper published in the City OF
Pascagoula, Mississippi and which had
been so published for more than IL
months prior to the date of the first
publication of said resolution. and
WHEREAS, on the 18th day of Au-
gust, 1913, the said Board of Mayor
and Councilman did meet for the pur-
pose of receiving protests against the
Issuance of said bonds: and
WHEREAS, upon the 18th day of
August. 1948. no protests of any kind
or character were filed against the
issuance of said bonds; and
WHEREAS, the. City of P~ascagouis
Is a City of less tina fifteen Thousand
t15. 000) inhabitants; and
WHEREAS, the amount of bonds to
be issued Is not more than Thirty
Thousand Dollars (s30.000); and
WHEREAS. under the provisions OF
Section 3605 of the Mississippi Code
of 1912. the bonds aforesaid may nov
be issued by the said City OF Pasca-
goula. without submitting. said propo'
sition to an election; and
WHEREAS, the assessed VALUATION
of the taxable property In said Cits
of Pascagoula as ascertained by tns
s assessment is Five Million: Eighf
Hundred Sixty-one Thousand. MIN
Hundred Fifteen Dollars tsS.e6i.si5'
WHEREAS. the said City of Pasca
goula now has outstanding oonae.
the principal amount Of Two Hun
dred Eleven Thousand Dollars t$2il.,
600 O0l. exclusive of bonds payable
solely from revenue and public utin
WHEREAS. the amount of bond
proposed 20 be issued, namely. Thrift
Thousand Dollars ($30,000) when adde'
tn the outstanding bonds of said Git
after deducting all bonds or ONE
evidences of Indebtedness heretoior'
issued for water. light and sewerage
and for the construction o
Special improvements. primaril,
chargeable TO the property beneIiteu
or for the purpose of paving the CITY
proportion of any betterment pro.
gram. a portion of which Is primary
1 FnAIHeADIe III tiG RAtkIA
does not exceed ten per centrum tl0%
of the assessed value Of taxable prop.
erty in said City according to the iasi
completed assessment for taxation anu
that said amount of bonds rOpose
10 be issued when added to all out
standiue Indebtedness both bonding
and floating, Hoes not exceed fifteen
per centum f15%) of the aforesaid
value of taxable property In the CITY
of P~sscasoula; and
WHEREAS. on the said 18TH Gay o.
August. 1948. the said Board OF MAYO
and counciImen I'D adopt Resolution
No. 1. 1919. entitled:
"A RESOLUTION FINDING AND DE.
TERMTNING THAT A RESOLuTION
ENTITLED, "A RESOLUTION DE.
CLARTNG THE INTENTION OF THf
BOARD OF MAYOR AND CoUN
GouIA' MIssissfPPf. TO ISSUE
NEGOTIABLE BONDS OF sAIE
cry IN THE MAXIMUM AMOUNT
OF THIRTY THOUSAND DOLLARS
$3.50 0ol FOR THE PURPOSE OF
PAYING, rJ JACKSON AyE nY TH II
BOARD OF MAYOR AND couN,
CILMEN OF SAID CITY ON TIL
9TH DAY OF JULY. 1913. WAS
DULY AND REGULARLY PUB
LIsHED; THAT NO WKfTT Gr
pEor : zgTrR OF HAS AN4 BEEN klNp PrL Fl
tEtAEtEiA En- IN
AGAINST THE ISSUANCE OF
SAID BONDS: AND AUTHORIZING
AND DIRECTING THAT SAIL
PONDS BE ISSUED
and
WHEREAS. it is now found to b.
tails and incidents of said issue SHOULD
be fixed and determined upon; and
DAINED BY THE BOARD OF MAY
OR AND COUNCILMEN OF THE
CITY OF PASCAGoULA. MISSIS
SIPPL. AS FOLLOWS:
SECTION l. That there shall be ant
there are hereby authorized and or
dered to be prepared and issued bond
of the City of P~ascagoula. Mississippi
in the amount of Thirty Thousand
Dollars 1880, 000) for the purpose o
paving jackson Avenue in the sale
City of Pascagoula from the Easteri
to the Western boundary of Souti
Market Street; said bonds shall bea
date of October /. 1913, and shall bea
interest at q rate to be determined
pursuant to sale of said bonds, bu
not exceeding SIX per eent9 nao TO-
semi-annually thereafter upon DC
tober LIST and April LIST in each yea
until the principal of said bonds, re
spectively, shall have been fully paid
Interest accruing on said bonds OF
and prior to the respective maturity
dates thereof shall be evidenced o.
and shall be payable upon p~resenta
ton and surrender of interest coupon
o be attached to each of said bonds
Both principal of and interest on saiS
1onds shall be payable in Lawful
money of the United States of Amer
Ca at the Pascagoula-Moss Poin
Rank. in the City of PascaRoula. Stat
of Mississippi. The said bonds shall b
autographed in two or more color t
prevent counterfeiting, and shall b.
executed by the Mayor of said City
49, -. It. -akr EI.uf- .RafL 4h4