Holmes County herald., 1960-05-19
THE HOLMES COUNTY HERALD. LEXINGTON, MISSISSIPPI

cate, the Mississippi Agricul-
tural and Industrial Board has
under the terms of said Act af-
TENTATIVELY found that the City
of Durant, Mississippi is EMIT
led to come within the provi-
sions of such Act, and has issu-
ed said Certificate of Pubic
Convenience and Necessity as
above quoted; and
WHEREAS, in said Certificate
the Mississippi Agricultural and
Industrial Board has fixed the
amount of said bonds to be is
sued in the sum of Two Hun
dred Fifty Thousand dollars
$3.50, 600 .00) and has determin-
ed that the amount of taxes
necessary to be levied and col
lected annually to retire said
bonds shall be in an amount of
not less than the amount of
principal and interest due dur
ing each year until said bonds
and interest thereon are paid
in full, and has fixed the mat
urity dates of said bonds in
series over a period of Twenty
COO years as set forth in said
Certificate; and
WHEREAS, the City of Dur
ant, Holmes County, Mississippi,
is desirous of coming within the
provisions of the said Chapter
24l, Laws of Mississippi of 1914
as amended, and of issuing bon
DIS pursuant thereto and of en-
tering upon industrial develop
ment in accord with said Cert
ficate issued to said municipal
lity by the Mississippi Agricul-
tural and Industrial Board, and
WHEREAS, the City of Dur
ant, Holmes County, Mississippi,
has entered into a contract with
Durant Sportswear, Inc, a gar
ment manufacturing industry.
NOW THEREFORE BE TT
RESOLVED by the Mayor and
Board of Aldermen of the City
of Durant, Holmes County, Mis-
sissippi, that the said Mayor
and Board do hereby and now
declare the intention of said
Board of issuing the bonds of
the City of Durant, Holmes Co
unity, Mississippi in the sum of
Two Hundred Fifty Thousand
dollars $3.50, 600. OO), which
amount the said Mayor and
Board affirmatively finds and
adJudlcateS as set forth in the
above quoted Certificate will
not exceed twenty per centum
go percent of the assessed val
ue of the taxable property of the
City of Durant, Holmes County,
Mississippi, as provided in Chap
ter 21, Laws of Mississippi of
1914, as amended, and that such
oonds shall be issued for the
purpose of acquiring, owning,
operating and leasing as set
forth in said Certificate a man.
ufacturing building and lands
necessary therefor.
BE 1T FURTHER RESOLV-
ED, that the election commits
SionreS and the City Clerk of
the City of Durant, Holmes Co
unity, Mississippi, shall give not
less than three weeks notice of
an election to be held on said
proposition, such notice to be
by publication of a notice there
of in a newspaper published in
the City of Durant, Mississippi
or having a general circulation
in said municipality, once a
week for three consecutive
weeks preceding the date of the
election, which said election
shall be held on May 10th, 1860
at the City Hall in the City of
Durant, Holmes County, Missi-
sSippi. AT such election all of
the qualified electors of said
municipality may vote. It shall
be necessary for a majority of
the qualified electors to vote
in the election and for at least
two-thirds (2-3) of said voters
to vote for the proposition in
order for it to carry. The Elec-
ton Commissioners shall pre-
pare ballots which shall be
printed substantially as follow:
Shall the bonds of the City
of Durant, Holmes County, Mis-
sissippi be issued in the amount
of Two Hundred Fifty Thousand