The Chronicle-star combined with the Moss Point advertiser., 1949-11-25

80 EEA ~
Necessity to Supervisor District No
4, jackson County. Mississippi. for the
promotion OF the general welfare OF
said municipality. and OF the State nf
Missi ssippi, AZ Declared IN Chapter 24i.
Laws ~ Mississippi Of 1914, for Super
visors District No. 4. Jackson County.
Mississippi, to acquire, 20 own and 10
operate, subject to the hereinafter linn
itations. a garment type Of industry
which said Certificate Of Public Con-
venienee and Necessity is issued, neV-
crtheless, upon The following eondi-
tions ,fto-Wit:
Il That Supervisors District Nc. 4.
jackson County, Miss, may in the dis
erection of sthc Board Of Supervisors,
Jackson County. Mississippi, issue
bonds under the provisions Of Chapter
24i. Laws Of Mississippi Of 1914. for
acquiring land and constructing a fac
tory building for a garment type of
Industry not TO exceed one hundred
thousand dollars (Sl00.0 600 00l; said
bonds shah mature as provided by
Section 10 of said Chapter 24i, Laws
OF Mississippi Of 1944, over a period
Of time not TO exceed twenty-five 1851
years: not less than one-fifieth Of the
total issue. to-wit, not less than 81
600 90. shall mature IN each year dur
ing tile firgt five years OF the life of
said bonds; not less than one-twenty-
fifth Of the total issue. to-wit. not less
than 81. 900 90. shall mature in each
wear during the next succeeding ten
year period Of the life of said bond
and the remainder Of said bonds shall
mature In approximately equal annual
amounts: the precise amounts 10 ma-
ture each year shall hereafter be de-
termined, and the several amounts 10
mature during the first five years and
during the neXt succeeding ten years
Of the life of the bonds may exceed
but may not be less than the amounts
hereinabove set out. Said bonds shall
bear interest at a rate not 10 exceed
four per centum per annum:
That IL Is specifically ordered that
said bonds shall not be sold until {
contract between the aforesaid mu-
nicipality and a garment type Of in
dustfy has been approved and signed
by the Mississippi Agricultural and
Industrial Board;
That for the payment Of said bonds.
as and when issued, and interest there
on. and for the creation of a sinking
fund for the payment of said bonds
and interest. as and when Issued. the
Board Of Supervisors. jackson County
Mississippi, shall annually levy n
collect taxes upon the taxable prop
crty IN Supervisors District No. 4.
Jackson County, Mississippi, in the
sum and amount of not less than the
amount of principal and interest due
during each year until said Interest and
bonds are paid. and shall fix an an
nHal tax levy over said period Of years
FOR which said bonds are issued SO,
that said tax levy shall be substan-
TALLY uniform throughout said period,
and to further secure the payment OF
aid bonds. The Board of Supervisors,
Jackson County, MI ssissippi, may in
It's discretion mortgage or pledge the
property used and useful In said Su-
pervisor's District No. 4 Jackson Coun-
tY. Mississippi, for said industrial n
tcrprisc and any income derived there
from pursuant TO the provisions Of
Section 10, Chapter 2i1 Laws of Mis-
sissiDpi of 1914, and said municipality
shall report annually to this Board
relative TO the collection of taxes and
the payment of bonds and interest, as
provided by Section IS. Chapter 2ff,
Laws of Mississippi OF 1914
That the said Board of Supervisors,
Jackson County. Mississippi, may ac-
quire for said industrial enterprise
whatever land may be necessary for
the operation vi the aforesaid enter
prise.
2. That the said supervisors Dis
trict No. 4. Jackson County. Mississippi,
may construct on said land a munich
pol factory building containing suffi-
cicnt square feet of floor space to meet
the needs Of such manufacturing cs-
adjustment and to expend therefor
not TO exceed the sum of one hun
bred thousand dollars 100000 .00l, in
cluding the land on which said build
ing Is erected. but no part of said
amount shall be expended for ma.
chineryAo equipment to be installed
for use ~ the operation OF the indus
try 10 hea located in such building, and
said municipality shall not operate said
industrial enterprise but Is authorized
10 dispose OF. 10 lease OF rent said
lands and buildings after requirement
and construction to some person, firm
or corporation on terms and conditions
TO be submitted to this Board for APP
prevail before any such contract OF
lease, rental. and operation shall be-
come finally binding upon said mu-
any reason the plant cannot be leased
or said lease shall for any reason
terminate. then the municipality may
operate the sama under the direction
of the municipal authorities, authority
thereafter having been previously OBJ
tanned from the Board,
3 That said Supervisors District Ne
Jackson County. Mississippi, for the
purpose of the issuance OF said bonds,
and for the purpose of entering into
said industrial developmenteShall fully
comply with all the provisions of Chap
2ii, Laws of Mississippi OF 1884, and
especially with Section 10 thereafi
4. That said Certificate OF Public
Convenience and Necessity shall expire
the 7th day of November, 1880, tun-
der the provisions of Chapter at Law
of Mississippi of 1914
II is further ordered by the Execu.
tive Committee of the Board that the
Secretary hereof be authorized and
empowered, under the seal of hts
Board. to ISSUE 90 SUPERVISORS DISTRICT
Mo. 1. Jackson County, Mississippii Z
certified conV of this Order as the
Certificate Of Public Convenience atti
Necessity for said SUPERVISOR Disk
trict No. 4. Jackson County. mississippi
to proceed in accord with this Order
Adopted by the Executive Commit
tee of the Mississippi Agricultural and
Industrial Beard, IN the name Of the
Board of Directors and in accordance
with the powers conferred upon the
Executive Committee of the Board by
a resolution adopted By. the Board Of
Directors on February 90. 1915, IN the
office of the Board in the City OF
Jackson. Kinds County. Mississippi, on
the 9th dav of November. 1919. after
having been convened IN special meet
ing, said Order having been passed
by the following vote. to.wtt:
Members of the Executive Commit
tee of the Board voting for the Order.
Fielding l. Wright
Hugh l.. White
Harvey Lee Morrison
William f. B%arksdale
Members of the Executive Commit
tee of the Board absent and not vot
ing;
j. D Ready.
Members of the Executive Commit
tee Of the Board voting against the
Order.
Meme.
There being no further business. the
meeting was adjourned
Fielding l.. Wright. Chairman.
William +. BarkSdale. Secretary
l William +. Barksdaie. duly appoint
ed Secretary Of the Board OF Direc-
tors of the Nissi sippi Agricultural
and Industrial Board. do hereby GER
tify that the above Is a true and cor.
fRaf Papy Qf fhe minutes pf fine call