The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-06-30
LEGAL NOTICE

LEGAL NOTICE
la RESOLUTION DECLARING THE
INTENTION OF THE BOARD o.
SUPERVISORS OF HOLMES cOUN-
, FTCATEs OF INDEBTEDNESS OF TN
ITcHULA CONSOLIDATED SCHOOL
DISTRICT IN THE SUM OF SI7.
| 000.0 FOR THE PURPOSE OF RE
PAIRING THE SCHOOL BUILDING
BELONGING TO SAID SCHOOL DIS
TRIcT AND PURCHASING EQUIP
!; MENT
WHEREAS, under date of June
| 4. 1919, the Trustees of the Tchula Con-
solidated School District passed, APP
proved and adopted a resolution as fol-
lows, to-wit:
"A RESOLUTION PROVIDING
FOR THE ISSUANCE OF CERTI-
FICATES OF INDEBTEDNESS OF
THE TCHULA CONSOLIDATED
SCHOOL DISTRICT IN THE sum
or sl7.0oo.0 90 FOR THE PURPOSE
OF REPAIRING THE SCHOOL
BUILDING BELONGING TO SAID
SCHOOL DISTRICT AND PUH-
CHASING EQUIPMENT THERE
ron
WHEREAS, the Tchula Consolidat-
ed School District of Holmes County,
Mississippi, has been legally created,
formed and organized, and is now a
valid. legal and existing consolidated
school district in which authority TO
transport pupils is granted. and o n
tains an area of not less than twenty
five square miles lying wholly In
Holmes County. Mississippi. and form
- - -----raA-l-- Az
tricts or parts of districts: and
WHEREAS, said Tchula Consolidat-
ed School District owns a school build
ing used Tor the education Of the white
educable children of said school dis
trict. which said building Is situated in
the Town Of Tchula. Holmes County.
Mississippi: and
WHEREAS, said scnool building is
in need of repair and in need Of adj
ditional equipment and in order to re-
pair the same and acquire such addi-
tiona1 equipment it will be necessary
to expend $500. 90 for repair and re-
placement of windows and to expeno
$1,000 to construct a bedroom ana
bath for the Home Economics Depart
ment and to expend $4,000. 90 for the
construction of a kitchen and to ex-
pend S2000.0 90 for kitchen equipment
and to expend $4,000 fer repair to
heating plant and to expend $1,000. 90
for repair of the cornices of said school
snd to expend $4,000 90 for in
stalling a new lighting system in SAID
building and to expend $4,000 90 for ad-
ditional labor for all of said work,
making a total expenditure for labor
and materials and equipment of ST.
600 90; and
WHEREAS. no funds are avail
able from the maintenance fund of the
Consolidated School District, or
from any other source, with which to
make the aforesaid repairs which are
and to purchase said equip
ment. and
WHEREAS, it is necessary that the
Tchula Consolidated School District
the sum of SIT, 900. 90 for the
purpose of paying for the aforesaid
purchases and labor: and
WHEREAS, the sum of ST, 900. 90
proposed to be borrowed, when added
to the present outstanding indebted
ness, both bonded and floating, of the
Consolidated School District.
will not result in the imposition upon
any of the property in the Tchula
School District of any in
debtedness for school purposes of
more than ten per centum of the as
sessed valuation of such property. as
ascertained by the last completed as
;essment for taxation: now
THEREFORE. BE 1T RESOLVED
,y the Trustees of the Tchula Console
lated School District:
That such 1oan be evidenced by the
of Indebtedness of the /
That by and with the consent of the
Board of Supervisors of Holmes Coun-
v. Mississippi. the Tchula Consolidated
vA.-A-s1% ~ I~1~nAa rDa,nfxr hHic-
;issippi. do borrow h sum of SIT 900 90
'or the purpose of paying for the afore-
said purchases of materials and equip
and for labor.
Section II
Consolidated School District.
and said Certificates of Indebtedness
shall be dated July S. 1949. and shall
YEAR interest from Sate at the rate 81
four per centum (4%l per annum. pay
able annually. and shall be numbered
l to 20 both inclusive. and Certi-
ficates numbered 4, 8, IL. 16 and ~
shall be in denominations of $4,000
each and all other Certificates shall be
in denominations OF $4,000 each. and
follows:
Nos. / to 4 inclusive of said Certi-
ficates of Indebtedness shall be due
and payable on July 5, 1850;
Nos. S to 8 inclusive of said Certf-
Sacates of Indebtedness shall be due
and payable on July 5, 1851;
Nos. 9 TO II inclusive of said Certi-
ficates of Indebtedness shall be due
and PAYABLE on July s, 1882;
Nos. 10 to is inclusive of said Certf-
ficates of Indebtedness shall be due
and PAYABLE on july S, 1858:
Nos. II ~ 20 Inclusive Of said Certi-
ficates of Indebtedness shall be due
and payable on July 5. 1854.
SECTION III
That a copy of this resolution shah
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-
of the Tchula Consolidated
School District to the Board of Super