The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1948-07-22

he LEAl1NO1 OE AZ ~ =
THEREFORE, BE IT RESOLVED
by the Trustees of the Cruger Con-
solidated School District:
Section /.
That by and with the consent
| of the Board of Supervisors OF
Holmes County, Mississippi, the CRU
| ger Consolidated School District Oh
Holmes County, Mississippi, do Dor
row the sum of $3,500.00 for the
purpose of paying for the afore-
said purchases of materials and Tor
labor.
Section II.
That such loan be evidenced by
| the Certificates of Indebtedness OF
| the Cruger Consolidated School Dis
trict, and said Certificates of In
| debtedness shall be dated August y
1948. and shall bear interest from
/ date at the rate of four per centum
4%) per annum, payable annual
ly, and shall be in denominations OF
| $4,000 each and numbered from n
L NJ W live tOI liICluoiNC' oi0 $780,
be payable as follows:
No. / of said Certificates of
Indebtedness shall be due and
payable on August 2, 1919;
No. 2 of said Certificates of
Indebtedness shall be due and
payable on August 2, 1850;
No. 3 of said Certificates OF
Indebtedness shall be due and
payable on August 2, 1851;
No. a Of said Certificates of
Indebtedness shall be due arN
payable on August 2, 1852:
No. 5 Of said Certificates OF
Indebtedness shall be due and
payable on August 2, 1858.
Section III.
That a copy Of this resolution
shall be certified over the sigma
ture of the President Of the Board
of Trustees of the Cruger CONSOLE
dated School District to the Board
of Supervisors of Holmes County,
Mississippi; and
WHEREAS, said resolution has
been certified over the signature OF
the President of the Cruger Con-
solidated School District to the
Board of Supervisors of Holmes
County, Mississippi; and
WHEREAS, the Board of Supervi-
sors has considered said resolution;
now
THEREFORE,, BE 1T RESOLVED
by the Board of Supervisors OF
Holmes County, Mississippi:
Section l.
That the Board of Supervisors
does now find, determine and adj
judicate that the facts set forth in
the aforesaid resolution do exist
and that it is necessary that the
certificates of Indebtedness Of the
Cruger Consolidated School Dis
trict be issued as set forth in said
resolution for the purpose of max
ing the purchases and repairs there
in set forth.
Section II.
That the Board of Supervisors
does now find, determine and adj
judicate that the purposes for
which said certificates of indebted
ness are to be issued are of objects
authorized by law and that the said
certificates of indebtedness so pro
posed to be issued, when added to
all the outstanding indebtedness OF
the Cruger Consolidated School Dis
trict, both bonded and floating will
not impose upon any of the property
in the Cruger Consolidated School
District an indebtedness for school,
purposes of more than ten per cen
tum of the assessed valuation OF
such property.
Section III.
That the Board of Supervisors
does now declare the intention OF
said Board on Monday, the End
day of August, 1948, to issue Ger
~tificates of Indebtedness of the Cru
ger Consolidated School District ir
the sum of S3,500.00, the same te
be in the denominations and to bear
date and to mature and to bear in
terest as set forth in the afore-
said resolution adopted by the Board
of Trustees of the Cruger Consoli-
! dated school district for the purpose
of obtaining funds to be used fol
repairing the school building anc
teachers home belonging to sale
school as set forth in said resolu.
ton, and that said certificates o
indebtedness will then be so issued
unless a majority of the qualified
electors of the Cruger Consolidated
School District shall on or before
the End day of August, 1948, file