The Durant news. (Durant, Miss.) 1882-1985, 1948-10-21
LEGAL NOTICES

NE Issuance And Sale Of
Twenty Thousand Dollars
0lDo0o.oo) Of School Bonds
d The City OF Duront, Mis-
ippi Fixing The Done.
DISSEMINATION. Mdturities,
un1srest Rate And Form
EAReof, And For Other Pur-
WHEREAS, heretofore, on the
u day Of September, l948, this
md. by resolution duly adopted
dSntered on its minutes, found,
er mined and adjudged:
~ That the City of Durant
icipal separate school district
~ mot have gymnasium or
ysical education building, and
uatSf,e best interest of the child
n uf the said school district
n u the people of said Durant
III be promoted by providing
e said municipal school district
nth a gymnasium and physical
ducation building. And that it
necessary that the same be
Hne.
(b) That the estimated cost of
rUviding such gymnasium and
ihysical education building by
surchasing the same from War
Asse cts Administration, dis
hxntling same, transporting same
fum its present site, Camp Nc
Sain, Mississippi, to the Durant,
Mississippi, school grounds, and
se-erecting the same on proper
Mars for use as a. gymnasium
nd physical education building
suitable for the needs of the said
municipal separate school dis
kict, is the sum of 100000.
<c) That a petition signed by a
majority of the qualified electors
q the said Durant, Mississippi.
separate municipal school district,
md of said City, petitioning this
aaxyor and Board to provide such
gymnasium and physical educa-
6sn building for the said district,
Fixing the maximum amount Of
bonds for said purpose at $4,000
u. has been filed with the Mayor
md Board of Aldermen of the
Csty of Durant. as provided by
law, including Section 637o Of
The Mississippi Code of 1912 az
1nended by House Bill 625 OF
Hae Laws Of Mississippi. of 1948.
That the said City of Durant,
mad 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
col qualified electors residing
within said City and District;
md that the said petition is now
son file in the office of the Mayor
uR said City, and is now before
This Mayor and Board of Alder
men. and is signed by a majority
q the qualified electors of the
said City and Municipal Separate
School District.
(O That the issuance and sale
'af the bonds Of said City and
separate school district in the
psincipal sum Of 100000, for
school purposes, when added to
IAN 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 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 $1,103,243.00 according
to the last completed assessment
of property within said district
and City.
(f) 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
ynately $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