The Chronicle-star combined with the Moss Point advertiser., 1949-12-02

tuNAH as ISL tAfkIEJFE GAdtIGf &SNs As.@"~
on hereby order and direct the issu-
ance of. and there is hereby issued. 3
! Certificate Of Public Convenience and
Necessity to Supervisors District No
4, Jackson County, Mississippi, for the
promotion of the general welfare oi
said municipality. and of the State OF
Mississippi, as declared in Chapter 2al.
Laws of Mississippi Of l944. for super
visor's District No. 4. Jackson County
Mississippi. 70 acquire. 10 own. and te
operate, subject TO the hereinafter lin
itations. q garment type of industry
which said Certificate of Public Con-
venienee and Necessity is issued. ney-
ertheless. upon the following eondi-
tions. to-wit:
i. That Supervisors District No. 4
Jackson County, Miss, may In the dis
cretion of the Board Of Supervisors,
Jackson County. Mississippi, issue
bonds under the provisions Of Chapter
PAL. Laws of Mississippi Of 1854. for
acquiring and and constructing q fac
industry not 10 exceed n hundred
thousand dollars $500, 000. O0l. said
bonds shall mature as provided by
Section 10 of said Chapter 24l. Laws
Of Mississippi OF 1914. owe a period
of time moi TO exceed twenty-five f251
years: not less than one fiftieth of the
total issue. t0-wit. not less than So
600 90. shall mature in each year dur
ing the first five years OF the life oi
said bonds: not less than one.twenty-
fifth of the total issue, to-Wit, not less
than $4,000 90. 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
I mature in approximately equal annual
amounts: the precise amounts TO ma
ture each veal shall hereafter be de
termined. and the several mounts 10
-as.se ia flea TKaf ftUa VFaRFH md
during the next succeeding ten years
OF the life of the bonds may exceed
| but may not be less than the amounts
h~ereinabove set out. Said bonds shall
bear interest at a rate not TO exceed
four per ceHtum per annum.
That il Is specifically ordered that
said bonds shall not be sold until q
contract between the aforesaid mu-
n~icipality 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 bonds
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
slim and amount Of not less han the
amount Of principal and interest due
during each re- until said interest and
bonds are paid, and shall fix an an
nualH tax levy over 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 Beeufe the payment OF
aid bonds, the Board of Supervisors.
Jackson County. Mississippi, may IN
It's discretion mortgage or pledge the
property used and useful in said SUI
pefvisor's District No. q, Jackson Coun-
ty, Mississippi. for said industrial en-
terprise and any income derived there
from pursuant to the provisions of
Section 10. Chapter 24i, 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. as
provided by Section IS. Chapter 24l,
Laws of Mississippi of 1874.
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
triet No. 4, Jackson County, Mississippi.
may construct on said land . munici.
pal factory building containing suffi-
cient square feet of floor space TO meet
the needs of such manufacturing es-
Enlistment and TO expend therefor
not to exceed the sum of n hun
bred thousand dollars tS100, 900 .00l. in
Guiding the land on which said build
ing is erected, but no part of said
amount shall be expended for ma.
chinery or equipment to be installed
for use in the operation of the indus
try to he located in such building. n
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 his Board for APP
prevail before any such contract or
lease, rental. and operation shall be-
come finally binding Upon said mu-
nieipality: provided. however. il for
my reason the plant cannot be leased
or said lease shall for any reason
terminate. then the municipality may
operate the same under then direction
of the municipal authorities. authority
thereafter having been previously OBJ
tanned from the Board;
3. That said Supervisors District No
1, Jackson County. Mississippi fGt the
purpose of the issuance of said bdl1ds,
and for the purpose of entering into
said industrial development. shall fully
comply with all the provisions of Chap
ter PAL. Laws of Mississippi of 1914. and
especially with Section ID thereof, I
4. That said Certificate of Public
Convenience and Necessity shall expire
or the 18th day of November. 1850, I'M
der the provisions of Chapter PAL, Law
Of Mississippi of 1914.
1t is further ordered by the Exeeu-
tive Committee of the Board that the.
Secretary hereof be authorized and
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
tfict No. i, 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. 1915. in the
office OF the Board in the City Of
Jackson. Kinds County. Mississippi, on
the 9th day of November, 1873, 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 +. Barksdaie
Members of the Executive Commit
tee of the Board absent and not vat
ing:
]. 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 T. Barksdale. Secretary.
William F. Barksdale. duly appoint
ed Secretary of the Board of Direc-