The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1949-06-16

Tchula Consolidated School District,
and said Certificates of Indebtedness
shall be dated July 5. 1919. n shal
bear interest from date at the rate OF
four per centum t4Sl per annum' pay
able annually. and shall be numbered
from l to 20 both inclusive, and Certl-
ficates numbered 4. 3. II. is and ~
shall be in denominations of S40O.Vo
each and all other Certificates shall be
in denominations of 100000 each. n
said Certificates shall be payable as
follows;
Nos. / to 4 inclusive of said Certf-
ficates of Indebtedness shall be due
and payable on July 5. 1880;
Nos. 8 to 8 inclusive of said Certi-
ficates of Indebtedness shall be due
and payable on July 5, 1851;
Nos. 8 TO IL inclusive OF said Certi-
ficates of Indebtedness shall be due
and payable on July S. 1852;
Nos. Is to 16 inclusive of said Certi-
ficates of Indebtedness shall be due
and payable on July 5. 1853;
Nos. II to 20 inclusive of said Certi-
ficates OF Indebtedness shall be due
and payable on July s. 1854.
SECTION III
That a copy of this resolution shall
be certified over the signature of the
President of the Board of Trustees of
the Tchuia Consolidated School District
County. Mississippi" and
WHEREAS, said resolution has been
certified over the signature of the Pre-
sident of the Tchula Consolidated
School District to the Board of Super
visors of Holmes County, Mississippi;
and
WHEREAS, the Board of Supervis-
ors has considered said resolution: now
THEREFORE, BE 1T RESOLVED
by the Board of Supervisors of Holmes
County. Mississippi:
Section I
That the Board of Supervisors does
10 find, determine n a~djudicate
that the facts SIT forth in the aforesaid
resolution do exist and that it is neces-
sary tina the Certificates of Indebted
ness of the Tchula Consolidated School
District be issued as set forth IN SAID
resolution for the purpose of maklng
the purchases and repairs therein set
forth.
Section II
That the Board of Supervisors e
now find. determine and adjudfcate
that the purposes for which said Certt-
Ht1iiff& VI lfiAtpt1AlAi0G1 - W ~ 49,
are of objects authorized by law and
that the said Certificates so proposed
to be issued, when added to all the out
standing indebtedness of the Tchula
Consolidated School District, both
bonded and floating. will n o impose
upon any of the property in h Tchula
consolidated School District an indebt-
edness for school purposes of more
than ten per centum of h assessed
valuation of such property, as ascer-
tanned by the last completed assess
ment for taxation.
Section III
That the Board of Supervisors does
now declare the intention of said
Board on Tuesday the 5th day of July,
l949. to issue the Certificates OF In
d~ebtedness o. the Tchula Consolidated
School District in the sum of SIT 600. 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 adopted by the Board of
Trustees of the Tchula Consolidated
School District for the purpose of OBJ
tanning funds to be used for repairing
the school building belonging to SAID
school district and purchasing equip
mant therefor as set forth In said reso-
luton. and that said Certificates of In
debtedneSs will then be so issued UNI
less a majority of the qualified electors
of the Tchula Consolidated School Dis
trict shall on or before the 5th day of
July, 1949. file with the Board OF
Supervisors of Holmes County, Missis-
sippi. a petition opposing the issuance
of such certificates of Indebtedness. In
the event a majority of the qualified
electors of the Tchula Consolidated
School District do on or before July 5,
1919, file with the Board of Supervisors
OF Holmes County, Mississippi. a petit
ton opposing the issuance of sue Ger
tificates of Indebtedness, then in that
event the Board of Supervisors will