The Chronicle-star combined with the Moss Point advertiser., 1949-04-01
LEGAL NOTICES
RESOLUTION NO. a. lsls

INTENTION OF THE BOARD OF
MAYOR AND COUNCILMEN OF THE
CITY OF PASCAGOULA. MISSISSIPPI
OF OF SO s2,p ISSUE SrTy NT re s1MDs
AMOUNT OF THIRTY THOUSAND
DOLLARS fs30.0o0p FOR THE PUR-
POSE OF PROVIDING FUNDS FOR
THE PURCHASE OF LAND FOR
PARKS AND FAIRGROUNDS AND
THE IMPROVEMENT AND ADoRN-
MENT THEREOF.
WHEREAS. the Board of Mayor and
Councilmen of the City of P~ascagouia,
Mississippi. having made due investi-
cation. finds and declares:
l.. That 1t Is necessary to purchase
a for parks and Fairgrounds and
to improve and sdorn such land;
2. That ar estimate of the cost there
of has been made and such cost has
been found to be Thirty Thousand
Dollars 1850. 000l;
3. That there are at this time no
funds available in the city treasury
for the payment of such costs: and
WHEREAS. his Board of Mayor and
Councilmen further finds and declares
4. That the assessed valuation of
taxable property In said City of Pas
cagoula, according to the last com
oleted assessment, is Five Million, Sew
an Hundred Sixty-Nine Thousand
Four Hundred Twenty-Five and Noiio0
49, 69. 425. 00l;
5, That the total Indebtedness of
said City Is Seven Hundred Fifty
Thousand. Five Hundred and NojiOO
$3.50. SOC. 0O);
8. That the amount of bonds TO be
issued. namely, Thirty Thousand Dol.
lars $3.50, 000l. when added to the out
standing bonds Of said City. after de.
Quoting all bonds or other evidences
nf tnhDhfndnacQ hnrat0fnpa toctanA N1w
water and light purposes and for the
construction of Special improvements
primarily chargeable to the property
benefited, or for the purpose of pay
ing the City's proportion oil n bet
terment program. a portion of which
IS primarily chargeable to the prop
erty benefited. does not exceed ten per
centum u0qo) of the assessed value of
taxable property in said City accord
ing to the last completed assessment
for taxation: and that such moun OF
proposed to be issued, when
added to all outstanding Indebtedness
both bonded and floating. does not ex-
coed fifteen per centum 15%) of the
aforesaid value of taxable property In
said City: and
WHEREAS, this Board of Mayor and
Councilmen further finds and declares
that the population of the City of Pas
eaeoula Is less han fifteen thousand:
and that the amount of Indebtedness
proposed to be Incurred does not ex-
ceed Thirty Thousand Dollars $780,
000l; and
WHEREAS. this Board of Mayor and
Councilmen further finds and declare
that under Title is. Division 10 Of the
Mississippi Code of 1912. II Is now fully
authorized and empowered TO declare
its intention to issue bonds of the City
Of P~ascagoula. Mississippi, in the
amount of Thirty Thousand Dollars
$4,000 for the purpose of providing
funds for the purchase of land for
parks and Fairgrounds Inc the inn
provement and adprnment thereof.
without an election and upon the pub
tfcation of this resolution declaring
such intention. and 10 authorize the
issuance of such bonds on a date 20
Ne determined In this resolution. nm
less twenty per centum (2Oql OF the
qualified electors of the city of Pas
ragoula file a written protest against
he issuance of said bonds on or he
fore said date: and 1t is for the best
interest of satd CITY to issue said bonds
+ NOW. T~HEREFORF. PIE Vt RE
SOLVED ny THE BOARD or MAY
OR AND COUNCILMEN OF THE CITY
OFF PASCAGoULA. MISSISSIPPI. AS
FOLLOWS:
SECTION /. That this Board of May
or and Cctincilmen hereby declares its
intention to Issue bonds Of the City of
P~ascagoula. Mississippi. in the maxi
mum amount of Thirty Thousand Dol
lars 1880 .000) for the purpose of pro-
viding funds for the purchase OF land
for PARKS and fairgrounds and the Inn
Drovenent and adorament thereof;
aid bonds to bear interest at a rate
within the Limitations fixed nv law. 10
be hereafter determined by this Board.
aa4 "a -l 49,
and in such amount OF amounts. within
the limitations fixed by law. all as
shall hereafter be determined by this
Board; and for the payment of such
bonds the full faith. credit and re-
sources of the City OF PascagouIa shall
be irrevocably pledged.
SECTION 2. That the issuance of
said bonds will be authorized at q
meeting of this Board TO be held at
the City Hall. In said CITY of Pssca-
goula. at the hour of 1000 o'clock a
m. on FRIDAY, the 2znd day of April
ts49. unless twenty per centum f20qt)
of the qualified electors of the City
OF Pascagoula file a written protest
against the issuance of said bonds on
or before said date.
SECTION 8. That notice Is hereby
given that a written protest against
he issuance of said bonds may be
filed with the Clerk of the City of
p%ascasoula. and II such protest be
-'gned by twenty per centum (20q)
If the qualified electors of said City
and filed with the Clerk of said City
7 n or before the date fixed for the
issuance of said bonds. then an cleo
ton shall be held. as provided by law.
tor the purpose of submitting TO the
qualified electors of said City the
oreposttion to issue bonds In the afore-
said amoun for the aforesaid purpose.
u no such protest signed by the re-
quisite number of qualified electors
he filed. the said bonds will be issued
without aa- election thereon.
SECTION 4. That the CITY Clerk is
hereby authorized and directed to
cause this resolution to be published
n The Chronicle Star. a newspaper of
general circulation in the City of Pas
~cagoula. which As eligible under the
provisions of Chapter 427. Laws of
Mississippi. 1913. for three 81 consec-
'ttive weeks prior to said 22nd day of
April. 1919: said resolution to be pub
ltshed at least four "a times. the first
IF said publications to be at least TWEEN
(2il days prior to the aforesaid
date and the last publication to be not
more than seven ca days prior to
said date.
The foregoing resolution having beer
in writing at this a reg
ular meeting of the Board of Mayor
and Councilmen of the City of Pasca-
goula held on Friday. the 25th day of
March. 1949. was at said meeting read
considered and adopted. paragraph by
section nv section, and Their
as a whole. without change in the form
IN which it was introduced. by the fol- |
vote:
DeJean voted Yea
Ezell voted Yea
Canty voted Yea
F. S. CAVITY. Mayor.