The Durant news. (Durant, Miss.) 1882-1985, 1948-10-14

and Board of Aldermen of the
City of Durant, as provided by
law, including Section 6370 OF
the Mississippi Code of 1912 as
amended by House Bill 625 OF
the Laws of Mississippi, of l948.
That the said City of Durant,
and said Durant, Mississippi, Sc
parate municipal school district
have identical boundaries, are
composed of and include identical
land area, and contain the total
number of 500 qualified electors,
and that the said petition above
mentioned contains ATS signatures
of qualified electors residing
within said City and District;
and that the said petition is now
on file in the office of the Mayor
of said City, and is now before
this Mayor and Board of Alder
men, and is signed by a majority
of the qualified electors of the
said City and Municipal Separate
School District.
I'D That the issuance and sale
of the bonds of said City and
separate school district in the
principal sum Of $20,000.00, for
school purposes, when added to
all the outstanding bonded in
debtedness of said City and Dis
trict for school purposes, will not
cause the total bonded indebted
ness and floating indebtedness of
said district and City for said pur-
poses to exceed IS per centum of
the assessed valuation of the tax
able property within said City
and district according to the last
complete assessment for taxes.
(e) That the said City of
Durant, Mississippi, is duly and
lawfully created Municipality of
the State of Mississippi, and that
the said Durant, Mississippi,
municipal separate school district
is now a duly and legally created,
organized. existing municipal
separate school district contain
ing an area Of one square mile,
with boundaries identical with
the boundaries Of said City of
Durant, and has an assessed val
uation Of $l,l03,243.00 according
to the last completed assessment
Of property within said district
and City.
(D That a building suitable for
the purpose of reconstruction,
on proper plans. on the Durant,
Mississippi, school grounds, for
use of said school district as a
gymnasium and physical educa-
ton building is available and
may be purchased for approx
mately $4,000, and that said
building can be purchased for
said price from the United States
of America, through its agency,
War Assets Administration, can
be dismantled, transported from
its present site at Camp Mccain,
Mississippi, to the Durant school
grounds and Reconstructed there
on for the total amount of
$4,000.
WHEREAS, the said petition
containing the signatures of
majority of the qualified electors
IF said City and school distcirt,
and said resolution, are all re-
corded in full in the minutes of
his Board and are hereby refer
red to and made part of this
and
WHEREAS, it appears to, and
It is found, determined and adj
Judged by this Board that the
cost of providing gymnasium
and physical education building
suitable for the needs of the
said municipal separte school dis
trict by purchase of suitable
from War Assets Ad-
dismantling and
transporting same to the Durant,
Mississippi, school grounds and
demonstrating the same for use
of the said school district as such
gymnasium and physical educa-
ton building, is the sum of
S20,000.00. and that said method
of providing such building for
the said school district is the
most economical method by
which the same may be provided;
and that it is to the best interest
of the said City of Durant, and
said school district to issue the
bonds of said municipality in the
sum of Twenty Thousand Dollars
($20,000,00l for the purpose of
purchasing a suitable building
from the United States of Ameri-
ca through its agency, War AS
sets Administration, dismantling,
transporting to the said City of
Durant School grounds, and re-
erecting same for use as such
gymnasium and physical educa-
ton building by said district; and
WHEREAS, it appears unto
this Board, and this Board SC
finds, determines and adjudges
that the issuance of said bonds
is for a lawful purpose, and tina,
all acts, conditions and things re-
qiured by the constitution anG