Holmes County herald., 1960-04-28
Legal Notice

mes County, Mississippi, may
be issued under this Certifi-
cate, as hereinafter ordered; |
%. 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,
other than agricultural labor,
already gainfully employed
in said area, between the ages
of eighteen and fifty, is one
thousand and seven hundred
Q700l, 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 Q132) which will furnish
more than one and one-half
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 a.
599, 9O1 .OO}, and that there
are now outstanding indus
trial bonds heretofore issued
by said City in the amount of
twenty eight thousand dollars
($28, 000. 00), That, therefore,
bonds may be issued by said
City in the sum of two h,,n-
dred and fifty thousand dol
lars $3.50, 900. OO>. which
amount, when added to the
aforesaid outstanding indus
trial bonds, constitutes less
than twenty COZ 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 and Investigations. de-
.ermined all Of these facts as
lereinabove stated, does there
III hereby order and direct the
ISSUANCE of, and there is here
by issued, a Certificate of Pub
lc Convenience and Necessity
the City of Durant. Holmes
Mississippi. for the pro-
motion Of the general welfare
ot said municipality, and of the
State of Mississippi. to acquire,
expand, to own. and to oper-
ate, subject to the hereinafter
limitations, and to make addi-
ions to said garment manufac-
.urlng type of industry, which
said Certificate of Public Con-
'enlence and Necessity is is
sued nevertheless. upon the
conditions. to-wit:
Il. That 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 241. Laws of Missis-
sippi of 1914. as amended, for
acquiring land and c~onstruc-
ung, purchasing, or otherwise
acquiring an addition for the
expansion and enlargement of
the present garment manu-
featuring type of industry.
not to exceed two hundred and
fifty thousand dollars (S25O.-
OOO.O0); said bonds shall ma
lure as provided by Section
L. OF said Chapter 241, Laws
of Mississippi of 1874, as a.
mended, over a period of time
not to exceed twenty Coz
years; not less than one-fif-
teth of the total issue, to-wit
not less than IS, ZOO. 90, shall
mature in each wear d,,rno
the first five years of the life
OF said bonds: not less than
one tWenty-fifth of the total
issue to-wit. 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 eo-
ual annual amounts. The pre-
else amounts to mature in
eacn year shall be hereafter
ueterInlneu. and the several
amounts 10 mature during
the first five years and during