The Chronicle-star combined with the Moss Point advertiser., 1949-06-24
NOTICE OF BOND SALE
$2t 100000
SCHOOL BONDS


vANCLEAVE CONSOLIDATED
! SCHOOL DISTRICT
J OF JACKSON COUNTY
MISSISSIPPI
Sealed proposals will be received
by the Board of Supervisors of Jack
son County, Mississippi. at the office
of said Board in the Courthouse. in
the City of ~Pascagoula, Mississippi,
until the hour of IL 90 O'Clock a. m.
on Tuesday. the 5th day of July, 1949,
at which time said bids will be pub
licly opened for the purchase. at not
less thar par and accrued interest. OF
S2I ,0O00 90 School Bonds of Vancleave
Consolidated School District of said
County.
Said bonds are TO bear date of July
/. 1949. are to be in denomination OF
81, 600. 90 each, and shall bear interest
at a rate or rates to be determined
pursuant to sale of said bonds, inter
est payable semi-annually on January
| and July | of Ia year beginning
with the wear 1850. Both principal oil
and interest on said bonds will be pay
able at the Whitney National Bank OF
New Orleans. and said bonds shall
mature ~serially without option OF
prior payment, on July l in each OF
the years as follows:
81 ZOO. 90 in each of the years 1850
to 1868. both inclusive; 100000 in the
| year 1869.
bluQGIH dEG ItQutnlCd W oEni6tiaAN
in their bids the price they will pay
for bonds bearing interest at a rate
or rates likewise to be designated in
their bids.
1t is the intention of the Board OF
Supervisors to decide which of the
bids submitted lis the highest upon
the basis of the total interest cost over
the life of the issue, less the premium
specified in the bid.
Proposals should be addressed to
the Board of Supervisors and should
be plainly marked. Proposal for
Bonds. and should be filed with the
| Clerk of the Board on or prior to the
date and hour hereinabove named
Each bid must be accompanied by a
cashiers check. certified check or ex-
change. payable to the Board of SUI
| pervisors. Jackson County. Mississippi
issued Or certified by a bank located
in the State of Mississippi, in the
| amount of Four Hundred Twenty Dol
lars t$420 00l as a guarantee that the
bidder Will carry tut his contract and
purchase the bonds If the bid is &C
cepted. IF the successful bidder fails
to purchase the bonds. pursuant to
his bid and contract, the amount OF
such good faith check shall be retained
by the Board of Supervisors and paid
into the funds of Vaneleave Consoli-
dated School District of said County.
The Board of Supervisors reserves
the right TO reject any n all bids
and then to sell the bonds at private
sale within sixty t60l days at a price
not less than the highest bid received
The District will furnish the legaI
opinion of the law firm of Charles and
Trauernicht. st. Louis. Missouri. ano
will pay for the printing and valida-
ton of the bonds.
Delivery of bonds will be made to
the purchaser on or before sixty days
from the date of sale. in Paseagoula,
Mississippi. without cost to the pur-
chaser. Delivery elsewhere will be
made at the expense of the purchaser
BY order of the Board of Supervisors
of Jackson County, Mississippi, this
18th day of June, A. D.. 1949.
(Signedt N. c. EVERETT
Clerk. Board of Supervisors.
IS T. A Il st 6-I7. "a. Il