The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-07-07

more than ten per centum Of the as
sessed valuation of such property. as
ascertained by the last completed as
sessment for taxation; now
THEREFORE. BE TT RESOLVED
by the Trustees Of the Tchuia Consoh-
dated School District:
That such loan be evidenced by the
Certificates of Indebtedness OF the
That by and with the consent OF the
Board of Supervisors of Holmes Couh-
ty, Mississippi, the Tchula Consolidated
School District of Holmes County, MIS-
sissippi, do borrow the sum of slT,OOOVO
for the purpose Of paying for the aIoFe-
ment and for labor.
Section II
Tchula Consolidated School District,
and said Certificates of Indebtedness
shall be dated July 5, 1949, and snaI
bear interest from sate at h rate 81
four per centum t4E) per annum, pay
able annually, and shall be NUMBERED
from / to 20 both inclusive. and Cert-
ficates numbered 4, 8, IL, l6 and ~
shall be in denominations of S400.Oo
each and all other Certificates SHAH be
in denominations of 100000 each, anQ
said Certificates shall be payable as
follows:
Nos. / to 4 inclusive of said Certi-
ficates of Indebtedness shall be due
and payable on July S. 1850;
Nos. 5 to 8 inclusive of SAID Certi-
Sicates of Indebtedness shall be due
and payable on July 5. 1881;
Nos. 8 to ~ inclusive of said Certi-
hcates of Indebtedness shall be due
and payable or July 5, 1852;
Nos. 10 to 16 inclusive of said Certi-
ficates of Indebtedness shall be due
and payable on July 5, 1858;
Nos. II to 20 inclusive of SAID Certl-
ficates of Indebtedness shall be due
and payable on July 5, 1854.
SECTION III
That a copy of this resolution shall
be certified over the signature OF the
President of the Board of Trustees OF
the Tchula Consolidated School District
to the Board of Supervisors of Holmes
County. Mississippi" and
WHEREAS, said resolution has been
certified over the signature of the Pre-
sident of the Tchula Consolidated
School District to the Board of Super
visors of Holmes County. Mississippi;
and
WHEREAS. The Board of Supervfs-
HIS 1OitSItiGi0d 2dio
THEREFORE,, BE 1T RESOLVED
by the Board Of Supervisors of Holmes
County. Mississippi:
Section I
That the Board of Supervisors does
now find, determine and adjudicate
that the facts set forth in the AFORESAID
resolution do exist and that it is neces-
sary that the Certificates of Indebted
ness OF the TchuGa Consolidated SchocS
District be issued as set forth IN SAID
resolution for the purpose of making
the purchases and repairs therein set
forth.
That tie Board of Supervisors does
now find, determine and adJudicate
that the purposes for which said Certi-
ficates of Indebtedness are to be issued
are Of objects authorized by law ana
the said Certificates so proposed
to be issued, when added to all the put
standing indebtedness of the Tchuia
bonded and floating, will not impose
upon any of Tts property in the Tcfuia
Consolidated School District an indebt-
edness for SCHOOL purposes of o
ten per centum of the assessed
valuation of such property, as ascer-
tanned by the last completed assess
medt for taxsSion.
Section III
That the Board Of Supervisors does
now declare the intention of saiu
Board on Tuesday the 5th day of July.
1919, to issue the Certificates of In
d%ebtedness of The TchuIa Consolidated
School District in the sum of SIT 100000,
the same to be IN the denominations ana
to bear date and to mature and to bear
interest as set forth IN the aforesaid
resolution adopted by the Board of
Trustees of TIRE Tchula Consolidated