The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-03-31

the denominations anu W RCat ddbS 0AA0
to mature and to bear interest 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 n to
&c used for repairing the school build
ing and teachers home belonging TO
said scnooi district and the purchase OF
materials as set forth in said resolu-
ton, provided a majority of the quail
fled electors of the West u 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 Lin Consolidated
School District, and was so published
In said newspaper on Thursday, the
18th day Of February, 1949, more than
fifteen days before the 7th DAY OF
March, l949. the date on which the
Board of Supervisors of Holmes Coun-
ty. Mississippi. took final action author
ling the issuance of such Certificates
of Indebtedness. as shown by OF
Publication now on file with the Clerk
of his Board of Supervisors: and
tbs Vest Line consciidated school Dis
trict has filed with h Board of Super
visors of Holmes County. mississippi.
any petition opposing such loan: n
WHEREAS, the Board of Supervisors
of Holmes County. Mississippi. does
now give its final approval of the pro-
posed loan and the Issuance OF sucn
Certificates of Indebtedness of the West
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 the Laws OF
Mississippi of 1888. as amended. n
Certificates of Indebtedness of the west
Line Consolidated School District OF
Holmes and Attala Counties. Mississip-
nj. be issued in the sum of Four
Thousand Dollars ts4. 000. 00) for the
purpose Of obtaining funds to be USED
for repairing the school building n
teachers home belonging to the West
Line Consolidated School District and
for the purchase of materials; that
such Certificates of Indebtedness shall
be in the denomination of Eight Hun
bred Dollars 1890. 00) each and shall
be numbered from one ~ to five t5)
inclusive, and shall be designated as
Yves Line Consolidated School Dis
trict Certificates of indebtedness of
l949'. and shall bear date of March
Z, 1949. and shall run through a series
issuance and bear interest from the
date Of their Issuance at the rate OF
four per centum (4qo) 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
$50, -~~xJS~l us,~6 rstntyrnAnfu NJ In.
terest to be evidenced by interest cou-
pons attached to each of said Certf-
ficates of Indebtedness accruing to the
maturity thereof. and said Certificates
of Indebtedness shall be due and pay
able without option of prior payment.
No. i 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 inc
payable on March z. 1851:
No. 5 Of said Certificates of In
debtedness shall be due and
payable on March 7, 1882:
No. 4 of said Certificates Of In
d~ebtedness shall be due and
payable on March 7, 1858;
No. 5 OF said Certificates of In
debtedness shall be due and
payable on March 7, 1854.
Section II
That all of said Certificates of In
d~ebtedness shall be Autographed or en-
graved and printed in two or more
to prevent counterieiting ano
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,
countersigned by the Clerk of the
Board of Supervisors of Holmes Coun-
", Mississippi. who shall impress the
seal of said County upo each OF sald
Certificates OF Indebtedness as issued,
and each of said Certificates of In
i~ebtedness shall specify on its face that
Il Is issued for the purpose OF Cd
funds to be used for repairing
he school building and teachers home
belonging to the West Line Consoiidat-
I'd School District, and for the pur-
chase of materials, as provided py
Chapter 226 Of the Laws of mississippi
Of 1898, as amended. and each OF said
Certificates Of Indebtedness shall
on its-.face the total mount
authorized to be issued, n said Certi-
of Indebtedness shall be pay
to bearer and said annual m
terest coupons attached thereto snaI
be made payable to bearer, and saio
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 on 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 and
the maturity of interest payments
thereof, and said Certificates of In.
d~ebtedness and interest coupons shall
made payable at the Holmes Coun-
tv Bank and Trust Company, Lex
Mississippi.
Section III
That said Certificates of Indebted
ness and p shall be substan-
TALLY in the following form;
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI
4ea
Wesf Line Consolidated School District