The Chronicle star the Moss Point advertiser., 1961-12-01
NOTICE or BOND SALE
So, 600. .o00. 90
grHc1lr. R0Nnc

S(uOOL bONDS
PAscAGoULA MUNICIPAL SEPARATE
SCHOOL DISTRICT OF JACKSON
COUNTY. MISSISSIPPI
Sealed proposals will be received bv
the Mayor and Board OF Councilmen
of Pascagoula, Mississippi. at the Of
flee OF said Mayor and Board of Coun-
cilmen, In the City Hall, In the CIV
of Pascagoula, Mississippi, until the
hour of ll:00 o'clock am, on Wednes-
day. the 10th day of January. 1862
at which time said bids will be pub
licly opened for the purchase. at not
less than par and accrued interest on
50 000. 900. 90 School Bonds Of Pasca-
goula Municipal Separate School Dis
trict of Jackson County. Mississippi.
Said bonds are to bear date of FEB
ruary /. 1862, are to be of the de-
nomination of $1,000 each, and shall
bear interest at rate or rates to be
determined pursuant to sale of said
bonds, payable August l, 1862 and
semi annually thereafter on February
lst and August 1st In each year. Both
principal of and interest on said
bonds will be payable at bank to be
designated by the purchaser, subject
Board of Councilmen, and said bonds
shall mature serially, without option
of prior payment, on February lst in
each Of the years as follows:
$40. .OO0.O0 in each of the years 1862
to 1865, inclusive:
$50, 100000 in each Of the years 1867
to 1916, inclusive; and
$l00, 100000 in each OF the years 1877
to 1896, inclusive.
Bidders are requested to designate
in their bids the price they will pay
for bonds bearing interest at rate or
rates likewise to be designated In their
bids.
It is the intention of the Mayor and
Board of Councilmen to decide which
of the bids submitted is the highest
upon the basis of the total interest
cost over the life of the issue, less the
premium specified in the bid.
Proposals should be addressed to the
Mayor and Board of Councilmen and
should plainly be marked Proposal
for School Bonds" and should be
filed with the City Clerk on or prior
to the date and hour hereinabove nam
ed Each bid must be accompanied by
a cashiers check, certified check, or
exchange, payable to the Pascagoula
Municipal Separate School District In
the amount of Forty Thousand Dol
IdTS iStU,OUO.OOl 90 ShoAoAett bidt
the bidder will carry out his contract
and purchase the bonds If his bid be
accepted If the successful bidder falls
to purchase the bonds pursuant to his
bid and contract, the amount OF such
good faith check shall be retained by
the Mayor and Board of Councilmen
and converted into the fund OF Pasca-
goula Municipal Separate School Dis
trict of Jackson County, Mississippi
as liquidated damages for such failure.
The Mayor and Board of Council
men reserve the right to reject any
and all bids.
These bonds are offered subject to
the unqualified approval of the legal
ity thereof by the law firm of Char
les and Trauernicht Of st. Louis, Mis-
souri, The District will pay all legal
fees and will pay for the printing of
the bonds and the cost of the valida-
ton of said bonds Delivery OF the
bonds will be made to the purchaser
on or before March l, 1862. at a place
to be designated by the purchaser and
without cost to the purchaser.
BY order of the Mayor and Board
of Councilmen of Pascagoula, Missis-
sippi, this the 2lst day of November,
1861.
VINCENT p. ROS, Clerk
Mayor and Board of Council
men of Pascagoula, Mississippi
At l2-l. 8, is, %