The Chronicle star the Moss Point advertiser., 1961-12-01
Legal Notices
RESOLUTION NO. 2a-fae

A RESOLUTION TO DIRECT THE
SALE OF TWO MILLION DOLLARS
t$2 600. coo ool SCHOOL BONDS OF
THE PASCAGOULA MUNICIPAL SEP
ARATE SCHOOL DISTRICT OF JACK
sen COUNTY. MISSISSIPPI AUTHOR
I2FD AT A SPECIAL ELECTION HELD
ON TUESDAY. OCTOBER n 1861.
BE IT RESOLVED BY THE COUN-
Gil. OF THE CITY OF PASCAGOULA.
MISSISSIPPI, AS FOLLOWS:
WHEREAS. the Mayor and Board Of
Councilmen OF the City OF Pascagoula.
Mississippi on the eth day of Septem-
Der. 1861, did adopt Resolution No.
l7iS6l calling and providing for the
holding OF a special election within
the Pascagoula Municipal Separate
School District Of Jackson County.
Mississippi, said election to he held
on Tuesday, the 18th day of october,
1861, for the purpose of submitting to
the qualified electors Of the Pasca-
goula Municipal Separate School Dis
trict of jackson County, Mississippi
the following proposition. to-wit:
PROPOSITION
Shall the Paseagorla Municipal Sep
arate School District OF Pascagoula
Mississippi, issue its bonds in the
principal amount of Two Million Dol
lars tS2. 600 600 00) to raise money for
the purpose of erecting, repairing
equipping. remodeling and enlarging
school buildings and related facilities,
and purchasing land therefor?
and
WHEREAS. as directed by the afore-
said Resolution the Clerk of the May
or and Board OF CounciInen did give
not less than three weeks notice OF
said election by publication of the
notice thereof in the Chronicle Star,
a newspaper OF general circulation,
published in Jackson County. MissiS-
sippi; said notice having been pub
lished in said newspaper once week
for at least three consecutive weeks
preceding the date of said election, the
first OF which publications was made
not less than 81 days prior to the
date of said election and the last OF
which publications was made not mora
than 7 days prior to the date of said
election; all as shown by the proof OF
publication of said notice filed in the
office of the Clerk Of the Mayor and
Board of Councilmen; and
WHEREAS. said special election was
held and conducted by o. L. Mcleod,
c. l.. jacobson and Ivan L. Murray.
Election Commissioners within and for
the City of Pascagoula, Mississippi and
Pascagoula Municipal Separate School
District, and was conducted i'll accord
ance with the laws regulating General
Elections in the State OF Mississippi;
and
WHEREAS, the Election Commis
sioners of the City OF Pascagoula Mis-
sissippi and Pascagoula Municipal Sep
arate School District have filed with
the Clerk OF the Mayor and Board OF
Councilmen the report OF said election,
which report shows that said election
was duly and legally held on October
II 1861 in strict ACCORDANCE with the
provisions of said resolution and IN
accordance with the law. after proper
and lawful legal notice thereof had
been given in strict conformity of the
provisions of said resolution and the
law. and that i'll said election there
were twenty-four hundred ninety-nine
(24s9) votes cast on said proposition
Of which twepty-one hundred twenty
four t2l24) votes were for the issu-
ance OF said bonds and three hundred
fifteen (3l5) votes were against the
issuance of said bonds. and there were
ten 10) void or mutilated ballots;
and
WHEREAS, the Board of Mayor and
Councilmen does now find and deter
mine that the issuance of said bonds
assented to by three -fifths of the
qualified electors Of said district vot-
ing thereon at said election; ard
WHEREAS, the Mayer and Beard OF
Councilmen of the City of PaScagoula,
Mississippi, having made Cue Investlga-
ton, finds, determines and adJudlcates
that the Pascagoula Municipal Separ-
ate School District is now q duly and
legally created, organized, existing ana
functioning Municipal Separate Schooi
District within Jackson County, Mis-
sissippi, and
WHEREAS, the assessed valuation Of
taxable property within the aforesaid
School District, as aScertaiaed ~ the
last completed assessment, is - fol-
lows:
Real Estate SIS, 600 .2To.eo
Personal Property 5,356,540.o0
Utility Properties 1911 $4,000
TOTAL S22, ,s5s $4,000
WHEREAS. the aforesaid District at
this time has outstanding indebted
ness of One Million Sixteen Thousand
Dollars. 81 ,0l6 400 oOl !; and
WHEREAS. the Mayor and Board OF
Councilmen does now further find and
determine that the amount OF bonds
proposed to be issued, when added TO
the outstanding Indebtedness Of said
district. Will not exceed fifteen per
centum 1850 OF the aforesaid assess
ed value OF taxable property within
said District; and
WHEREAS, the Mayor and Board OF
Councilman is authorized by the Con
stitdtion and Laws Of the State OF Mis-
sissippi, and especially by Chapter
23I, Laws of Mississippi, 1850. to issue
the bonds of said District in the
amount and for the purpose above
stated; and
WHEREAS. the Mayor and Board OF
Conneihmen now find and determine
that the said bonds should be issued as
voted for; and
WHEREAS. under the provisions OF
Chapter. 325, Laws of Mississippi. 1946
it is necessary that the said bonds be
advertised for sale prior to being IS
sued ana delivered;
NOW. THEREFORE, BE IT RESOIV-
ED BY THE MAYOR AND BOARD or
CCUNCILMEN OF THE CITY Or PAS
CAGOULA, MISSISSIPPI, AS FOL
LOWS:
SECTION /. That Two Million Dol
lars ts2. GOO coo 00) Of School Bonds
OF the Pascageula Municipal Separate
School District of Jackson County
Mississippi shall be offered for sale te
the highest bidder therefore on Wed
nesday, the 10th day Of January, 1862
SECTION !. 2 That the said bondS
shall be sold on sealed bids to oe
filed with the City Clerk at his offlee
in the City Hall in the City OF Pasca-
goula. Mississippi, at or before Int
hour OF ll:00 O'Clock am, on tns
aforesaid date; each bid to .be accom-
panied by a cashiers check, certified
check. or exchange, payable to tht
Pascagouia Municipal Separate Schoo
District. issued or certified TO by
bank located in the State OF Mlssls-
sippi,. in the amount of forty Thou
sand Dollars $40 000.00l as guar
antee that the bidder will carry ou
his contract and purchase the bond
If his bid be accepted. II the success
ful bidder fails to purchase the pondi
pursuant to his bid and contract, tns
amount of such good faith- check shal
be retained by the Mayor and Boart
of Councilmen and converted into tn
fund of Pascagoula Municipal Separat'
school District as liquidateds damage
for such failure. The Mayor ant
Board OF Councilmen reserves Tn
rssht to reject any or ain bias SUB
Initteds and if all BIRDS are rsjected, U
!. sell said bonds at private sale at an.
a. ~ Nnr-, h