The Chronicle-star combined with the Moss Point advertiser., 1949-08-05
NOTICE OF BOND SALE
$3.50, 600
~ Aao1 AaAk
tOf 1858, 0O0)
PORT IMPROVEMENT BONDS

tOf S263, 000)
PORT IMPROVEMENT BONDS
OF THE
CITY OF PAsCAGoULA. MISSISSIPPI
Sealed proposals will be received
by the Board of Mayor and Council
men of the City of Pascagoula. Mis-
sissippi. at the office of the City Clerk,
in the City Hall, in said City. until the
hour of 1000 o'clock a, m. on TUESDAY.
the 9th day of August. l949, at which
time said bids will be publicly opened
for the purchase of $3.50, 900 Port Inn
provement Bonds of said City " Pas
cagoula.
The said bonds bear date of March
1. 1919. are of the denomination of
81 900 each. and shall bear interest at
rates hereinafter Indicated, payable
September /, 1919 and semi-annually
thereafter on March l and September
] In each year. and mature serially on
March LIST in each of the years as
follows;
SIS. 900 in each of the years
1850 TO 1854. inclusive;
$40, 900 in each Of the years
1855 to 1859. inclusive:
Si1 900 in each of the years
1860 to 1861. inelusive:
Sf2, 900 in each OF the years
1868 to 1874. inclusive.
All of the bonds of said issue are
payable as to principal and interest in
lawful money of the United States of
America at the Whitney National
Bank of New Orleans. in the City of
New Orleans. State of Louisiana.
Bonds maturing in 1858 and there
after are redeemable in the inverse
order of their maturities, ON March
/. 1852. or on any interest payment
date thereafter. at the option of the
City, If less than all of the bonds OF
any maturity are to be redeemed at
a given time. then the identity of the
bonds to be so redeemed shall be de-
termined by lot. Bonds redeemed dur
ing the calendar yea 1882 shall be
redeemable at par and accrued i'm
terest. plus q premium of 5000, and
bonds redeemed thereafter shall be
redeemable at par and accrued inter
est plus a premium of $2.5o less than
the premium for the previous calen-
dar year until the yea 1864. in which
year. and subsequent years. the bond
shall be redeemable without premium
Bonds numbered / to Al, Inclusive
shall bear interest at the rate of
2 1875 per annum from date thereof
to September /. 1919. and thereafter at
the rate of 3 1f2E per mum To Sep
te.nber !, 1850. and thereafter at the
rate OF 2 if2% per mum until paid.
Bon is numbered AZ to I2i. inclusive.
shall bea interest at the rate Of
2 80 per- annum from date thereof
10 Septembsr l. 1919. and thereafter
al the rate C( 3 3f4G per annum e
September /. 1880. and thereafter a
the rate of ? 3I4eS per annum until
paid.
Bonds numbered i22 TO iof. inclusive
shall bear interest at he rate of 81
per annum from date thereof TO Sen
TENDER /. I949, and thereafter at the
rate of a. per annum to September
l. 1880. and thereafter at the rate of
3% per annum until paid.
Bonds numbered 1872 to 263, inclu-
Sive. shall bear interest at the rate OF
2 a. per annum from date thereof
to September /. 1919, and thereafter
at the ate of } 3f4eo per annum to
September /. 1880. and thereafter at
the rate of ? 3f4% per annum until
paid.
Interest due on said bonds on March
/. 1850 and on September /, 1850 i
rel presented by two interest coupons
due OF each of said dates. n Of which
due on each of said dates Is
payable IN the amount of $50 and
other Of which is payable in an
mount equal 70 The remainder OF the