The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-03-10

THICT
WHEREAS, under date of February
2. 1919, the Trustees of the West Linz
Consolidated School District passed
approved and adopted a resolution IN
words and figures as follows, to,Wlt;
"a RESOLUTION PROVIDING FOR
TaE issuance OF CERTIFICATES
OF INDEBTEDNESS OF THE WEST
LINE CONSOLIDATED SCHOOL
DISTRICT IN THE SUM OF FOUR
THOUSAND DOLLARS FOR THE
PURPOSE OF INSTALLING HEAT
ING AND WATER AND PLUMBING
IN THE SCHOOL BUILDING
GYMNASIUM THERETO AND 10
THE TEACHERS HOME BELONG
ING TO SAID SCHOOL DISTRICT.
WHEREAS. the West Line CONSOLE
dated School District of Holmes and
Attala Counties, 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 grant
ed, n contains an area OF not less
than twenty-five square miles lying
wholly in Holmes and Attala Counties,
Mississippi. and formed by consolidat-
ing two or more districts or parts of
districts; and
Wf1EsNEkACt Sdld WtSt IAiG ~CiASpAA
dated School District owns a school
building used for the education of the
White educable children of said school
district, and also OWNS a teachers home
, sed ~ ne teachers employed by said
district to teach the white educable
children of said school district, which
said buildings are situated in the Town
of West, Holmes County. Mississippi;
and
WHEREAS, it is necessary to install
a heating system and plumbing in said
school building and teachers home and
gymnasium and it will be necessary to
expend 49, 0 90 for labor and mater
ials for such purposes; n
WHEREAS. said school buildings are
in need of repair and it will De necesl
sary to expend $1500.O0 for b and
materials for such purpose; and
WHEREAS. no funds are available
from the maintenance fund of the
West Line Consolidated School Dis
trict. or from any other source. with
which to make the aforesaid repairs
and improvements and purchase OF ma
terials which are necessary, and
WHEREAS, it is necessary that the
West Line Consolidated School Dis
trict borrow the sum of 81, COG 90 for the
purpose of paying for the aforesaid re-
pairs and improvements and labor and
purchase of materials; and
WHEREAS, the sum of S4,0 600 90 pro-
posed to be borrowed when added to
the present outstanding Indebtedness,
both bonded and floating, of the West
Line Consolidated School District, will
not result in the imposition upon
of the property in the West Line Con-
solidated School District of any in
debtedness for school purposes OF more
than ten per centum of the assessed
valuation of SUCH property, as ascer-
tanned by the last completed assess
ment for taxation; now
THEREFORE, BE 1T RESOLVED by
the Trustees of the West Line Con-
solidated School District:
Section I
That by and with the consent of
the Board of Supervisors of Holmes
County, Mississippi. the West Line
Consolidated School District of Holmes
and Attala Counties, MISSISSIPPI, do
borrow the sum of S4.000.00 for the
purpose of paying the aforesaid pur-
chases of materials and for
Section II
That such loan be evidenced by the
Certificates of Indebtedness of the
West Line Consolidated School Dis
trict, and said Certificates of Indebted
q ild NC ! AcHcf NAtA
shall bear interest from date at the
rate of four per centum (4T) per an
mum, payable annually. and shall be in
denominations OF $4,000 each and
numbered from one "a to five (5l in
elusive, and shall be payable as fol-
lows:
No. / of said Certificates of Indebted
ness shall De due and payable March 2.
1850;
No. 2 of said Certificate of Indebted
ness shall be due and payable March z.
1851:
No. 3 of said Certificate of Indebted
ness shall be due and payable March 7,
1885,;
No. a of said Certificate of Indebted
ness shall be due and payable March z,
1858:
ness shall be due and payable March z.
1851;
Section III
That a copy of this resolution shall
be certified Over the signature OF the
President of the Board of Trustees of
the West Line Consolidated School Dis
trict to the Board of Supervisors of
Holmes County. Mississippi. and
WHEREAS. the aforesaid resolution
was adopted by the affirmative vote
of all of the Trustees of h West Line
Consolidated School District and said
resolution was prior to the 18th day
of February, 1949. certified over the
signature of the President of the Board
of Trustees of the West Line Console
dated School District to the Board of
Supervisors OF Holmes County. Missis-
sippi. and filed with the Clerk of the
said Board of Supervisors; and
WHEREAS, said resolution declared
fba nlraSsifv for gtICh loan. and SDeci-
fled the amount of the loan. the rate
of interest. the dates of maturity of
the loan and how it is to be evidenced.
and the nature and cost of the re-
pairs and labor necessary to be made
and performed. and purchase of ma
terials. and further declared that no
funds are available from the main
tenance FUND or from any other source
with which to make the repairs n
provide the labor and materials to be
made and provided with the proceeds
of such loan; and
WHEREAS. the said Board of Super
visors at its first regular meeting fol-
lowing the receipt of said resolution
and on the 18th day of February. 1919,
did consider said resolution and did
then and there pass. approve and adopt
a resolution declaring the, intention of
the Board of Supervisors of Holmes
County, Mississippi, to issue such
Certificates of Indebtedness to the
West Line Consolidated School District.
which resolution appears of record on
Page 113 ct seq, in o 20. of the
Minutes of the Board of supervisor
of Holmes County. Mississippi: and
WHEREAS, by said resolution of
said Board of Supervisors did find. de-
termine and adjudicate that the facts
set forth in the aforesaid resolution
passed. approved and adopted by the