Holmes County herald., 1960-05-05

mes County, Mississippi, may
be issued under this Certifi-
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
Q700i, and hat 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 Ql32) 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;
5. 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 vaIorem taxation.
IS one million five hundred
and ninety nine thousand nine
hundred and one dollars H.
599, 9Ol. OOj, and that there
are now outstanding indus
trial bonds heretofore issued
by said City in the amount of
twenty eight thousand dollars
(S28, 900 .0O), That, therefore,
bonds may be issued by said
City IN the sum OF two hun
dred and fifty thousand dol
lars ($25O, OOO. OO}, 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
The Board. having from oral and
documentary evidence, from
hearings anu Investigations. de-
Iermined all Of these facts as
1ereinabove stated, does there
Oh hereby order and direct the
ISSUANCE of, and there is here
issued, a Certificate of Pub
lc Convenience and Necessity
to the City of Durant. Holmes
County, Mississippi. for the pro-
motion Of the general welfare
OF said municipality, and of the
State OF Mississippi, to acquire,
to expand, to own. and to oper-
ate, subject to the hereinafter
limitations, and to make addi-
tons to said garment manufac-
turing type of industry, which
sad Certificate of Public Con-
Venlence and Necessity is is
Sued' nevertheless. upon the
following conditions. to-wit:
1. 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-
Slppi of 1914. as amended. for
acquiring land and c~onstruc-
ing, purchasing, or otherwise
acquiring an addition for the
expansion and enlargement of
tne present garment manu-
featuring type of industry.
not to exceed two hundred and
fifty thousand dollars (S25O,-
Ooo.0O); said bonds shall ma
ture as provided by Section
I3' OF said Chapter 241, Laws
OF Mississippi of 1914, as a.
mended, over a period of time
not to exceed twenty (20}
years; not less than one-fif-
teth of the total issue, to-wit
not less than S. ZOO. 90 shall
mature in eacn year during
the first five years of the Life
OF said bonds: not less than
one twenty-fifth of the total
issue, to-w1u. not less than
$4,000 100 shall mature in each
year during the next succeed
ing ten year period of the
HE 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 maf1Iro dy~~-