The Chronicle-star combined with the Moss Point advertiser., 1949-04-08
NOTICE OF BOND SALE
$3.50. 900
fof g263 000l
FUI AEh1 ,UtUI
PORT IMPROVEMENT BOND:

~ ttFfR
PORT IMPROVEMENT BONDS
OF THE
sITY OF PASCAGOULA. MISSISSIPPI
Sealed proposals viii be received by
he Board of Mayor and Couneilmen
If the City of P~ascagoula, Mississippi,
# the office of the City Clerk in the
city Hall in said City until the hour
IF 10 o'clock a, m, on Tuesday. the 18th
lay of April. 1919. at which time said
bids Will be publicly opened for the
purchase ut not less than par and ac-
srued interest of $3.50 900 Port Improve
nent Bonds of said City of ~Pascagoula
The said bonds are TO bear date oil
March |. 1919, are to he of the demon
nation of 81 900 each. and shall bear
interest al a rate OF rates to be de.
termined pursuant TO sale of saif
1onds, payable September |. 1919. and
~emi=annually thereafter on March
md September | of each year. Boil
principal of and interest on said bond.
IRE TO be payable at a price to be
DESIGNATED hV the purchaser of SAID
ponds, subject to approval of the
Board of Mayor inc Councitmen oi
aid CITY, and the said bonds are e
nature scrially on March LIST In eacl
If the a as follows:
$4,000 In each of the years 1850 t.
1851. inclusive
$4,000 in each Of the years 1858 L
1859. inclusive
sii 900 In each of the years 1860 t
1864. inclusive
si2.0 00 in each of the years 1865 t.
1914, inclusive
Bonds maturing in 1858 and there
after are to he redeemable in the in
verse order of their maturities, or
March l. 1882, or on any interest pay
nent date thereafter. al the option Of
he City. If less than all of the bond
If any maturity are TO be redeemed A
I given time. then the identity of the
aonds TO be Sc redeemed shall he de
.ermined hV lot. Bonds redeemed dur
ng the calendar veal 1859 shall he re
ieemahle at par and accrued interest
olus a premium of $50 90. and bond
redeemed thereafter shall be redeem
able at par and accrued interest, piu
4 premium of $3.50 less than the pre-
MUM for the previous calendar yea
until the year 1864. IN which year. and
subsequent years. the bond shall be
redeemable without premium.
Bidders are requested To designate
N their bids the price they viii pa.
for bonds bearing interest at a rate o.
rates likewise To be designated I'm thei
bids. provided. however. that all q
the bonds of the same maturity shall
bear interest at II anne rate. which
shall he an even multitude of one
eight of n per centum TIA of fgl
Proposals should be addressed to tn
Board of MaVoT and Councilmen ant
should plainly he marked Propose
for Port Improvement Bonds" ant
should be filed with the CITY Clerk ~
or prior TO the date and hour herein
above named Each hid must be &c
companied BY a certified check. cash
iefs check. or eXhange, payable to thu
City of Pascagoula. Mississippi. issuee
or certified by a bank located n tn
Five Thousand Dollars tS5.nnol A. :
guarantee that the bidder will carr,
out his contract and purchase thu
bonds If his bid Is accepted. If tn
successful bidder fails 10 purchase tn
bonds pursuant to his bid and contract
the amount of such good faith eheei
shall be retained by the City n
shall be maid into the treasury of sale
Civ OF pascaFoula.
The Board of MAYOR and CouneiImef
reserves the right to reject any or al
bids.
These bonds constitute a part of ar
ISSUE of s26S. 900 of Port Improvement
Bonds. of which bonds in the mnu
Of $4,000 will be issued and delivered
in exchange for and upon simultaneou
surrender and cancellation of a tike
amount of outstanding Port Improve
ment Bonds Of said CITY. Tire sate
issue of s263. 900 will constitute the onIs
Of SAID CITY issued under the authnrIts
Of Section 75a5 of the Mississippi Cod
Of 1912. The said bonds viii be pay
able from an sd Valorem TAX of tWf
mills on each One Dollar Of the tota
assessed valuation Of all taxable prom
eftN in Jackson County. Mississippi
and from the net arising from
the operation Of the port facilities o
said CITY. and will be secured By ?
mortgage on tile port facilities of saic
CITY.
The City will furnish the legal pin
ion Of the Law arm Of Charles ane
Trauefuiehf. s.. Louis. Missouri. aut
vii pay for the Printing Of the bonds