The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-03-10

more tldn Ten per NGllNAiih VI AN ~
sessed valuation thereof; ana
WHEREAS, by its said resolution the
Board OF Supervisors of Holmes Coun-
ty, Mississippi. did declare the inten-
ton of said Board on Monday. the 1th
day OF March. 1949. to issue the Certl-
| ficates of Indebtedness of the west
Line Consolidated School District IN
| the sum of S4,000.0 e, the same to be IN
the denominations and to bear date and
TO mature and to bear interes as set
. forth in the aforesaid resolution adopt
| ed by the Board of Trustees of the
| West Line Consolidated School District
for the purpose of obtaining una TO
be used for repairing the school build
ing and teachers home belonging to
| said school district and the purchase of
\ materials as set forth in said resolu-
| ion provided a majority of the quail
| fled electors of the West Line Con-
| solidated School District did not petit
| ton against such action; and
WHEREAS, said resolution SO passed.
| approved and adopted by the Board OF
| Supervisors of Holmes County. Missis-
| sippi, was published in the Lexington
| Advertiser. a weekly newspaper pub
| lishcd in Lexington, Holmes County,
| Mississippi, and having a general CIR
! culation in said West Line Consolidated
F.. School District. and was so published
in said newspaper on Thursday. the
nth day of February, l949. more than
fifteen days before the 7th day OF
March, 1919, the date on which the
! Board of Supervisors of Holmes Coun-
ty, Mississippi. took final action author
4 izing the issuance of such Certlficates
, OF Indebtedness. as shown by Proof of
Publication o on file with he Clerk
of this Board of Supervisors; and
WHEREAS, no qualified elector of
the West Line Consolidated School Dis
trict has filed with the Board of super
visors of Holmes County, MISSISSIPPI,
any petition opposing such loan; and
WHEREAS. the Board of Supervisors
of Holmes County, Mississippi. does
now give its final approval of the pro
| posed loan and the suanc of such
Certificates of Indebtedness OF the Yves
Line Consolidated School District; now
THEREFORE. BE 1T RESOLVED and
ordered by the Board of Supervisors
of Holmes County. Mississippi;
Section I
That. in accordance with the pro-
visions of Chapter 226 of h Laws OF
Mississippi of 1888. as amended, the
Certificates of Indebtedness of the West
Line Consolidated School District OF
Holmes and Attala Counties, Mississip-
Ipi, De issued in the sum of -Four
Thousand Dollars (S4, 100000 for the
purpose of obtaining funds to be USED
| for repairing The school buIiding ano
teachers home belonging to the West
Line Consolidated School District ano
for the purchase of materials; that
such Certificates or Indebtedness shall
; be in the denomination of Eieht Hun
dred Dollars $780, 0) each and shall
be numbered from ID to five t5)
inclusive. and shall be designated as
West Line Consolidated School Dis
trict Certificates of Indebtedness OF
\ iQ1Qes o,,l c1NoN hNnr HSfa nF March
Z, 1949. and shall run through a series
of five years from the date of their
issuance and e interest from the
date of their issuance at the rate OF
four per centum t4TD per annum, the
interest of said Certificates of Indebted
ness to be due and payable annually
on the 7th day of March of each year
thereafter until all of said Certificates
of Indebtedness are paid as herein
after provided, such installments of in
terest to be evidenced by interest cou-
pons attached to each of said Certi-
ficates of Indebtedness accruing to the
maturity thereof. and said Certificates
of Indebtedness shall be due and pay
able without option of prior payment
as follows. to-Wit:
No. | OF said Certificate of In
debtedness shall be due and
payable on March Z, 1850.
No. 2 of said Certificates of In
debtedness shall be due and
payable on March Z, 1851.
No. 8 of said Certificates of In
debtedness shall be due and
payable on March Z. 1852.
No. a of said Certificates of In
debtedness shall be due and
payable on March 7. 1858;
No. S of said Certificates of In
debtedness shall be due and
payable on March Z. 1854.
Section IT
That all of said Certificates of In
| debtedness shall be Autographed or en-
graved and printed in two or more
| colors to prevent counterfeiting, and
1 shall state on the face thereof that
they are general obligations of the
West Line Consolidated School Dis
trict of Holmes and Attala Counties,
| Mississippi, and said Certificates OF
| Indebtedness shall be registered as
they are issued and shall be signed by
| the President of the Board of Super
visors of Holmes County. Mississippi.
and countersigned by the Clerk of the
Board of Supervisors of Holmes Coun-
ty. Mississippi. who shall impress the
Il 1tGA " 5EAa 10 eHSAf
| Certificates OF Indebtedness as issued,
and each of said Certificates of In
1 debtedness shall specify on its face that
it is issued for the purpose of OBJ
tanning funds to be used for repairing
the school building and teachers home
belonging to the West Line Consolidat-
! ed School District. and for the pur-
I chase of materials. as provided by
l Chapter 226 of the Laws of MISSISSIPPI
of 1898. as amended. and each of said
| Certificates of Indebtedness shall
\ specify on its face the total mount
authorized to be issued, and said Certi-
| ficates of Indebtedness shall be pay
| able to bearer and said annual in
| terest coupons attached thereto shall
be made payable to bearer. and said
| Certificates of Indebtedness shall be
| sold for NO less than their face value
| and accrued interest. and the facsimile
| signatures of the President and Clerk
of the Board of Supervisors of Holmes
County. Mississippi may be litho-
| graphed or engraved OF said interest
| coupons. said interest coupons to be
| numbered and dated in accordance
| with the number and date of each of
| said Certificates of Indebtedness ana
| the maturity of interest payments
| thereof, and said Certificates of In
d~ebtedness and interest coupons shall
ty Bank and Trust Company. Lex-
| ington. Mississippi.
Section III
That said Certificates of Indebted
ness and shall be substan-
TALLY in the following form:
UNITED STATES OF AMERICA