The Chronicle-star combined with the Moss Point advertiser., 1949-11-18

ance OF, ana tneie Is nefepy issued. a
Certificate of Public Convenience and
4, jackson County. Mississippi. for the
promotion of the general welfare Of
said municipality. and of the State of
Mississippi. as declared in Chapter PAL.
Laws of Mississippi of 1914. for Super
visor's District No. 4. Jackson County,
Mississippi, to acquire, TO own. and to
operate, subject to the hereinafter linn
itations, a garment type of industry,
which said Certificate of Public Con-
venience and Necessity is issued. lev
ertheless, upon the following condi-
lions, to-wif:
i. That Supervisors District No. a..
Jackson County. Miss. may in the dis
erection of the Board of Supervisors,
Jackson County, Mississippi. issue
bonds under the provisions of Chapter
PAL, Laws of Mississippi of 1914. for
acquiring land and constructing a fac
tory building for q garment type of
industry not to exceed n hundred
thousand dollars $500, 900 .00); said
bonds shall mature as provided by
Section 13 of said Chapter 24l. Laws
of Mississippi of 1914, over a period
of time not to exceed twenty-five f25l
years; not less than one-fiftieth of the
total issue. to-wit. not less han So
600 90, shall mature in each year dur
ing the first five years of the life of
El1a RlAA1 NV 1903 Ito -
fifth of the total issue, to-wit, not less
thar 81. 5000 10. shall mature in each
year during the neXt succeeding ten
year period of the life of said bonds;
and the remainder of said bonds shall
mature in approximately equal annual
amounts; the precise amounts to ma
ture each year shall hereafter be de
termined, and the several amounts 10
mature during the first five years n
during the next succeeding ten years
of the life of the bonds may exceed
but may not be less than the amounts
hereinabove set out. Said bonds shall
bear interest at a rate not TO exceed
four per centum per annum:
That il is specifically ordered that
said bonds shall not be sold until a
contract between the aforesaid mu-
nicipality and a garment type of in
dustry has been approved and signed
by the Mississippi Agricultural and
Industrial Board;
That for the payment of said bonds,
as and when issued, and interest there
on. and for the creation OF a sinking
fund for the payment of said
and interest, as and when issued, the
Board of Supervisors, Jackson County.
Mississippi, shall annually levy and
collect taxes upon the taxable prop
erty in Supervisors District No. 4.
Jackson County, Mississippi, in the
sum and amount of not less than the
amount of principal and interest due
during each year until said interest and
bonds are paid, and shall fix an an
nual tax levy owe said period of years
for which said bonds are issued so
that said tax levy shall be substan-
TALLY uniform throughout said period,
and to further secure the payment of
said bonds, the Board of Supervisors,
Jackson County. Mississippi, may in
its discretion mortgage or pledge the
property used and useful in said Su-
pervisor's District Nc. a, Jackson
ty. Mississippi. for said industrial en-
terprise and any income derived there
from pursuant to the provisions of
Section 10, Chapter PAL, Laws of Mis-
sissippi of 1914. and said municipality
shall report annually to this Board
relative to the collection of taxes and
the payment of bonds and interest. az
provided by Section Is, Chapter 24l,
Laws of Mississippi of 1914;
That the said Board of Supervisors,
Jackson County. Mississippi. may ac-
quire for said industrial enterprise
whatever land may be necessary for
the operation of the aforesaid enter
prise;
2. That the said Supervisors Dis
trict No. 4. Jackson County, Mississippi,
may construct on said land a munich
pal factory building containing suffi-
cient square feet of floor space to meet
the needs of such manufacturing es-
adjustment and to expend therefor
not to exceed the sum of one hun
bred thousand dollars $500. 600 .O0l, in
Guiding the land on which said build
ing is erected, but no part of said
amount shall he expended for ma
chinery or equipment to be installed
for use in the operation of the" indus
try to be located in such building, and
said municipality shall not operate said
Industrial enterprise. but is authorized
to dispose of, to lease or rent said
lands and buildings after requirement
and construction to some person, firm.
or corporation on terms and conditions
to be submitted TO this Board for ap-
proVal before any such contract OF
lease. rental, n operation shall be-
come finally binding upon said mu-
nicipality: provided. however. if for
or said lease shall for any reason
terminate. thens the municipality may
operate the same under the direction
Of the municipal authorities. authority
thereafter having been previously OF
tanned from the Board.
3. That said Supervisors District No
4. Jackson County. Mississippi. for the
purpose of the issuance of said bonds.
and for the purpose of entering into
said industrial development. shall fully
comply with all the provisions of Chap
ter 241. Laws of Mississippi of 1914, and
Especially WIFI otCIlOIl Id tIitt tpls
4. That said Certificate of Public
Convenience and Necessity shall expire
on the 7th day of November. 1850, un-
der the provisions of Chapter PAL, Law
of Mississippi of 1914.
1t is further ordered by the Execu-
tive Committee Of the Board that the
Secretary hereof be authorized n
empowered, under the seal of this
Board, to issue to Supervisors District
No. 4. Jackson County. Mississippi, o
certified copy of this order as the
Certificate of Public Convenience and
Necessity for said Supervisors Dis
trict No. 4, jackson County. Mississippi,
TO proceed in accord with his Order.
Adopted by the Executive Commit
tee of the Mississippi Agricultural and
Industrial Board, in the name of the
Board of Directors and in accordance
with the powers conferred upon the
Executive Committee of the Board by
a resolution adopted by the Board OF
Directors on February 20. l945. in the
office of the Board in the City of
Jackson. Kinds County. Mississippi, on
the 9th day of November. 1919, after
having been convened in special meet
ing. said Order having been passed
by the following vote. to-wit:
Members of the Executive Commit
tee of the Board voting for the Order;
Fielding L. Wright
Hugh L. White
Harvey Lee Morrison
William f. Barksdale
Members Of the Executive Commit
tee of the Board absent and not vot-
ing.
j. d. Ready.
Members of the Executive Commit
tee of the Board voting against the
Order:
None.
There being no further business. the
meeting was adjourned.
Fielding l.. Wright, Chairman.
William f. Barksdale, Secretary.
l William E.. Barksdale. duly appoint
ed Secretary of the Board of Diree-
tors of the Mississippi Agricultural
and Industrial Board. do hereby GER
tify that the above is a true and cor