The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-03-24

the denominations and to bear date anC
10 aature and TO bear interest as Sc
foea in the aforesaid resolution adopt
ed by the Board of Trustees Of thS
y West Line Consolidated School Dtstric1
4 for the purpose of obtaining funds e
Be used for repairing the school build
ing and teachers home belonging te
said school district and the purchase o.
4a4erials as set forth in said resolu-
ton, provided a majority of the quail
neo 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
Iished in Lexington, Holmes County.
Mississippi, and having a general CIR
cuiation in said West Line Consolidated
| School District. and was so published
in said newspaper on Thursday, the
nth day of February, 1949, more than
fifteen days before the 7th day of
! March, 1919. the date on which the
Board of Supervisors of Holmes Coun-
~. Mississippi. took final action author
izing the issuance of such Certificates
Of Indebtedness, as shown by Proof of
Publication now on file with the Clerk
of this Board of Supervisors: and
! WHEREAS. no qualified elector of
the West Line Consolidated School Dis
trtct has filed with the Board of Super
visors of Holmes County, Mississippi.
n petition opposing such loan; and
WHEREAS, tho Board of Supervisors
! of Holmes County, Mississippi, does
now give its final approval of the pro-
, posed loan and the issuance of such
, Certificates of Indebtedness of the West
| Limo Consolidated School District: now
' rIYErEE0D nE TT REGOTUEn and
, ordered by the Board of Supervisors
of Holmes County, Mississippi:
Section I
That. in accordance with the pro-
| vision of Chapter 226 of the Laws of
| Mississippi of 1888, as amended. the
Certificates of Indebtedness of the West
| Line Consolidated School District of
Holmes and Alfalfa Counties, Mississip-
ri. be issued in the sum OF Four
, Thousand Dollars (S4, 900 ,00) for the
| purpose of obtaining funds to be used
for repairing the school building n
teachers home belonging to the West
Line Consolidated School District and
for the purchase of materials: that
such Certificates of Indebtedness shall
be in the denomination of Eight Hun
dred Dollars $500. 00) each n shall
be numbered from one ~ to five t)
inclusive, M shall be designated as
West Line Consolidated School Dis
trict Certificates of Indebtedness OF
1g49", 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 h rate OF
four per centum (4%) 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
- T-IAA4Als,AGC y maid nc hnrRfn-
after provided, such installments of In
terest to be evidenced by interest cou-
pons attached to each of said Cert1-
ficates of Indebtedness accruing to the
maturity thereof, and said Certificates
OF Indebtedness shall be due and 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
debtedness shall be due and
payable on March z. 1852;
No. 4 of said Certificates Of In
debtedness shall be due n
payable on March 7. 1858;
No. s of said Certificates of In
debtedness shall be u n
payable on March Z, 1854,
Section II
That all of said Certificates of In
debtedness shall be Autographed or en-
colors 10 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
A-t-II GA -orttAxnd he
they are issued and shall be signed by
President OF the Board of SUPER
visors of Holmes County. Mississippi, |
and countersiRned by the Clerk of the
Board of Supervisors of Holmes Coun-
~, 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 pur- I
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 its face the total amount
authorized to be issued. and said Certi-
ficates of Indebtedness shall be pay
able to bearer ana Saiu annual III
terest p 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
the maturity of interest payments
thereof. and said Certificates of In
~debtedness and interest coupons shall
be made payable at the Holmes Coun-
Nv Bank and Trust Company, Lex
irgton, Mississippi,
Section III
That said Certificates of Indebted
| ness and coupons shall be substan-
| TALLY in the following form:
UNITED STATES OF AMERICA
STATE OF MISSISSIPPI
4os
| West Line Consolidated School District
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