Holmes County herald., 1960-05-19

cate, as hereinafter ordered;
"2. That the availailable la
Dor supply for each operative
job in said enterprise in an
area of twenty-five (25) miles
of the factory site in the City
of Durant, Holmes County,
Mississippi, excluding labor,
Hther than agricultural labor,
already gainfully employed
in said area, between the ages
of eighteen and fifty, is one
thousand and seven hundred
(1700}, and that the number
of additional operative jobs
there may be established by
the expansion and enlarge
ment of said industry in said
City of Durant, Holmes Co
unity, Mississippi, is one thou
sand one hundred and thirty
two (1132) which will furnish
more than one and one-haf
workers between the ages OF
eighteen and fifty in said area
for each additional operative
job in said industry which
shall be created by the expan-
sion and enlargement thereof;
3. That the total assessed val
uation of all property in said
municipality City of Durant,
Holmes County, Mississippi,
according to the last assess
ment for ad valorem taxation,
is one million five hundred
and ninety nine thousand nine
hundred and one dollars H.
599, sol. 00}, and that there
are now outstanding indus
trial bonds heretofore issued
by said City in the amount of
twenty eight thousand dollars
($28, 900. 00), That, therefore,
bonds may be issued by said
City in the sum OF two hun
dred and fifty thousand dol
lars $3.50, 900. OOi, which
amount, when added to the
aforesaid outstanding indus
trial bonds, constitutes less
than twenty CO. per centum
OF the total assessed valuation
OF all property In Durant, Hol-
mes County, Mississippi.
The Executive Committee of
he Board, having from oral and
documentary evidence, from
Hearings anu Investigations, de-
ermineu all ot these facts as
lerelnaooVe stated, does there
N hereby order and direct the
SSuance of, and there is here
~ issued, a Certificate of Pub
&c Convenience and Necessity
o the City of Durant, Holmes
county, MISSISSIPPI, Tor the pro-
notion OF the general welfare
sald municipality, and of the
State OF Mississippi, to acquire,
o expand, to own. and to oper-
lite, SUBJECT to the hereinafter
limitations, and 10 make addi-
ions TO SAID garment manufac-
,urlng type OF industry, which
SAID Cerutlcate of Public Con-
|emence and Necessity is is
'ueo' nevertheless. upon the
following conditions, to-wit:
L. mat the City of Durant,
Holmes County, Mississippi,
may IN the discretion of the
Mayor and Board of Alder
men, City of Durant, Holmes
County, Mississippi, issue
bonds under the provisions of
Chapter 24l. Laws of Missis-
Slppi of 1914, as amended, for
acquiring lana and construc-
ing, purchasing, or otherwise
acquiring an addition for the
expansion ana enlargement of
the present garment manu-
featuring type OF industry,
not to exceed TWO hundred and
tlfty thousand dollars (S25O.-
OO0.OO); said bonds shall ma
ture as PROVIDED by Section
15' OF said Chapter 241, Laws
OF MISSISSIPPI OF 1874, as a.
mended, over a period of time
not to exceed twenty COO
years; not less than one-fif-
ueh OF the uoIaI issue, to-wit
not less than IS, ZOO. 90, shall
mature in each year during
the first five years of the life
OF said bonds: not less than
one twenty-tifth of the total
issue, to-Wlr. not less than
100000 90 shall mature in each
year during the next succeed
ing ten year period of the
lie OF said bonds; and the re-
malnder OF said bonds shall
mature In approximately co.
ual annual amounts. The pre-
else amounts to mature in
each year snail be hereafter
determined. and the several
amounts 10 mature during
the first five years and during
the neXC succeeding fan xyoorc