The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-03-17

Line Consolidated School District an
| Indebtedness for school purposes OF
more than ten per eentum OF the as
sessed valuation thereof; and
WHEREAS. by its said resolution the
| Board of Supervisors of Holmes Coun-
ty, Mississippi, did declare the lnten-
| ton of said Board on Monday. the 7th
day of March. 1870, to issue the Certi-
| ficates OF Indebtedness of the West
| Line Consolidated School District in
| the sum of 1900. 90, the same to be in
| the denominations and TO bear date and
, to mature and to bear interest as set
; forth in the aforesaid resolution adopt
| ed by the Board of Trustees OF the
| West Line Consolidated School District
| for the purpose of obtaining funds TO
| be used for repairing the school build
| ing and teachers home belonging to
| said school district and the purchase OF
materials as set forth in said resolu-
| ton. provided a majority of the quail
| fled electors of the West Line Con-
| solidated School District did not petit
| ton against such action; and
WHEREAS, said resolution so passed.
| approved and adopted by the Board of
| Supervisors of Holmes County, Missis-
| sippi. was published in the Lexington
| Advertiser, a weekly newspaper pub
| lished in Lexington. Holmes County,
Mississippi. and having a general cir
culation in said West Line Consolidated
I School District. and was so published
in said newspaper on Thursday, the
18th day of February, l949. more than
fifteen days before the 18th day of
4 March. 1949. the date on which the
Board of Supervisors of Holmes Coun-
ty, Mississippi, took final action author
| izing the issuance of such Certificates
q ~r Tx.2,AtAIZAz- Ae elAAxxH,, NJ Drnnt Tf
| Publication o on file with theG lerk
of this Board of Supervisors; and
1 WHEREAS. no qualified elector of
the West Line Consolidated School Dis
J trict has filed with the Board OF Super
visors of Holmes County. mississippi,
any petition opposing such loan. and
WHEREAS. the Board OF Supervisors
of Holmes County. Mississippi. does
row give its final approval of the pro-
posed loan and the issuance of such
4 Certificates of Indebtedness of the West
/ Linz Consolidated School District; now
THEREFORE. BE IT RESOLVED and
| ordered by the Board of Supervisors
of Holmes County. Mississippi;
Section
= That, in accordance with the pro-
visions of Chapter 226 of the Laws of
| Mississippi of 1898. as amended, the
| Certificates of Indebtedness of the West
Line Consolidated School District of
/ Holmes and At.ala Counties, Mississip-
pi. be issued in the sum of Four
Thousand Dollars $4,000. 00l for the
purpose Of obtaining funds to be used
for repairing the school building and
/ teachers home belonging to the West
Line Consolidated School District and
for thu purchase cf materials: that
such Certificates of Indebtedness shall
4 la IL, tt.a denomination nT Eiztlt Hum
! drcd Dollars fe?n0.0o) ccch aad shall
/ he murdered from one IA to five (5)
inclusive. and shall be designated as
West Line Consolidated School Dis
trict Certificates of Indebtedness of
1949". and shall bear date of March
Z. 1919, and shall run through a series
of five years from the date of their
issuance and bear interest from the
| date of their issuance at the rate OF
foul per centum &G) per annum. the
interest of said Certificates of Indebted
ness to be due and payable annually
! on the 7th day of March of each year
| thereafter until all of said Certificates
| of Indebtedness are paid as herein
| after provided, such installments of in
| terest to be evidenced by interest cou-
J mons attached to zach of said Certi-
! fieateS OF Indebtedness accruing to the
maturity thereof. and said Certificates
| of Indebtedness shall be due n pay
/ able without option of prior payment,
| as follows. to-wit:
No. / of said Certificate of In
debtedness shall be due and
| payable on March z. 1850:
No. 2 of said Certificates of In
| debtedness shall be due and
payable on March Z. 1851;
No. 3 of said Certificates of In
d~ebtedness shall be due and
payable on March Z. 1852:
No. 4 of said Certificates of In
debtedness shall BET due mi
payable on March z. 1858;
No. S of said Certificates of In,
debtedness shall be due and
payable on March z. 1854.
Section II
| That all of said Certificates of In
| debtedness shall be Autographed or en-
graved and printed in two or more
colors to prevent counterfeiting. and
shall state on the face thereof that
| they are general obligations of the
! West Line Consolidated School Dis
trict of Holmes and Attala Counties.
Mississippi. and said Certificates OF
Indebtedness shall be registered as
they are issued and shall be signed by
| the President of the Board of Super
visors of Holmes County. Mississippi.
and countersigned by the Clerk of the
Board of Supervisors of Holmes Coun-
ty, Mississippi, who shall impress the
seal of said County Upon each of said
Certificates OF Indebtedness as issued,
and each of said Certificates of In
!! debtedness shall specify on its face that
1t is issued for the purpose of OBJ
tanning funds to be used for repairing
the school building and teachers home
belonging to the West Line Consolidat-
ed School District. and for the pr-
chase of materials. as provided by
Chapter 226 of the Laws of Mississippi
of 1923. as amended, and each of said
Certificates of Indebtedness shall
specify on IT'S face the total amount
authorized to be issued. and said Certi-
ficstes of Indebtedness shall be pay
able to bearer and said annual in
terest coupons attached thereto shall
be made payable to bearer. and said
Certificates of Indebtedness shall be
sold for no less than their face value
and accrued interest. and the facsimile
signatures of the President and Clerk
of the Board of Supervisors of Holmes
County. Mississippi may be litho-
graphed or engraved on said interest
coupons. said interest coupons to be
numbered and dated In accordance
with the number and date of each OF
said Certificates of Indebtedness and
fbo MATURITY nf Interest," naymants