The Chronicle-star combined with the Moss Point advertiser., 1949-04-08
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LEGAL NOTICES
NO. q is4s

MAYOR AND coUNCILMEN OF THE
CITY OF PASCAGOULA, MISSISSIPPI
PI, TO ISSUE NEGOTIABLE BONDS
OF SAID CITY IN THE MAXIMUM
DOLLARS 5sso.ooo) 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
Counciimen of the City of Pascagouia.
MISSISSIPPI, having made due investi-
CATION, finds and declares:
/, That II is necessary to purchase
land for parks and Fairgrounds and
to improve and adorn such land:
2. hi an estimate of the cost there
VI has been made and such cost mas
been found to be Thirty Thousand
Dollars 1890, 000);
3. That there are at this time no
'1nds available in the city treasury
for the payment of such costs: and
WHEREAS, this Board of Mayor and
souncilmen further finds and declares,
.. That the assessed valuation OF
sxaoie property In said City of Pas
'agoula, according to the last com
lleted assessment. is Five Million. Sew
m Hundred Sixty-Nine Thousand.
Four Hundred Twenty-Five and NoIiOO
SIS. 769, 425. O0);
5. That the total Indebtedness of
aid City Is Seven Hundred Fiffv
Thousand. Five Hundred and Nofi00
$3.50. 500, 0O);
6. That the amount O bonds TO be
ssued. namely. Thirty Thousand Dol
ars t$30,0 600. when added to the out
tanding bonds of said City, after de-
tucting all bonds or other evidences
VI Indebtedness heretofore issued for
water and light purposes and for the
obstruction of special improvements
primarily c~hargeab1e to the property
,eneilted: or for the purpose of pay
ns the City's proportion of any bet
erment program, a portion of which
J primarily ehargeabie to the prop
rty benefited, does not exceed ten per
'entum t10T) of the assessed value of
axabfe property in said City accord
ng to the last completed assessment
or taxation; and that such amount of
,onds proposed to be issued, when
added to all outstanding indebtedness.
10Th bonded and floating. does not OK
'eed fifteen per centum f15Tl of the
'foresaid value OF taxable property IN
aid City; and
WHEREAS. this Board of Mayor and
'ouncilmen further finds and declares
hat the population of the City OF Pas
agoula is lsss than fifteen thousand:
nd that the amount OF indebtedness
'roposed 10 be incurred Hoes not ex-
.red Thirty Thousand Dollars $780,
00l: and
WHEREAS. this Board of Mayor and
'ounctimen further finds and declares
vat under Title is. Division 10 of the
mississippi Code of 1912. IL is now fully
uthorized and empowered to declare
g intention to Issue bonds of the City
[ P~ascasoula. Mississippi. in the
mount of Thirty Thousand Dollars
S30.000l for h purpose of providing
finds for the purchase of land for
arks and Fairgrounds and the I'm
rovement n adornment .nereof,
Without an election and upon the pub
'eation of this resolution declaring
UGH intention. and to authorize the
7siance of such bonds on a date to
e determined in this resolution, UNI
ess twenty per centum f20Tl Of the
'ualified electors of the city of Pas
agoula file q written protest against
he issuance Of ssid bonds on or be-
ore said date. and 1t is for the best
1terest of said CITY to issue said bonds:
NOW. THEREFORE. BE IT RE-
'0LVED NY THE BOARD OF May
n AND cOUNc1LMEN OF THE CITY
W PAstAGouLA, MISSISSIPPI. AS
7OLLCWS:
SECTION !. That this Board of May
r and Councilmen hereby declares IFS
Intention to issue bonds of the City of
'~ascagouia. Mississippi, in the maxi
mum amount of Thirty Thousand Dol
7rS 1880 .000) for the purpose of pro-
'iding funds for the purchase of land
or parks and Fairgrounds and the inn
'rovement and adornment thereof:
aid bonds to bear interest at a rate
within the limitations fixed by law, to
g hereafter determined by this Board.
nd to mature at such time or times
nd In such amount or amounts. within
he limitations fixed by law, all as
hall hereafter be determined by this
soard: and for the payment of such
'onds the full faith. credit and re-
ources OF the City of Pascagoula shall
e irrevocably pledged.
SECTION 2. That the issuance of
aid bond will be authorized at a
Meeting of this Board to be held al
he City Hall, in said City OF Pasca-
soula, at the hour OF 1000 o'clock a.
:. on Friday. the 22nd day of April.
p49. unless twenty per centum t20To)
{ he qualified electors of the CITY
4 Pa~scagoula file q written protest
'gainst the issuance of said bonds on
r before said date.
SECTION 3. That notice Is hereby
iven that a written protest against
he issuance of said bonds may be
lied with the Clerk of the City of
'~ascaRoula, and II such protest be
'ened by twenty per centum (20g)
I the qualified electors of said CITY
nd filed with the Clerk of said City
n or before the date fixed for the
rsuance of said bonds. then an cleo
ION shall be held. as provided by law.
or the purpose of submitting to the
fualified electors of said City the
proposition to issue bonds In the afore-
aid amount for the aforesaid purpose.
I no such protest signed by the re-
tuisite number of qualified electors
ie filed. the said bonds will be issued
Without an election thereon.
SECTION 4. That the City Clerk is
hereby authorized and directed 20
'ause this resolution to be published
n The Chronicle Star, a newspaper of
General circulation in the City of Pas
'agoula. which Is eligible under the
PROVISIONS of Chapter 427. Laws Of
Mississippi, 1913. for three f3l consec-
tive weeks prior to said 22nd day Of
fpril, 1919: said resolution to be pub
tshed at least four "a times. the first
+ said publications to be at least TWEEN
y-one t21l days prior to the aforesaid
ate and the last publication to be not
more than sever ca days prior TO
aid date.
The foregoing resolution having been
Introduced in writing at this a reg
liar meeting of the Board of Mayor
md councilmen of the City of Pascal
goula held on Friday. the 25th day of
March. le49, was at said meeting read.
considered and adopted. paragraph by
paragraph. section by section, and then
as a whole. without change in the form
IN which Il was introduced. by the fol-
vote:
DeJean voted Yea
Ezell voted Yea
Cap4u xOfaA Wee