The Chronicle star the Moss Point advertiser., 1961-12-01

nesday, the 10th day of January, 1862,
st which time said bids will be pub
hcly opened for the purchase, at not
less than par and accrued interest, OF
So. 900 000. 90 School Bonds Of Pasca-
goula Municipal Separate School Dis
trict of Jackson County. Mississippi
said bonds are to bear date OF Feb
ruary /. 1861, are to be OF the demon
ination Of $1,000 each, and shall bear
interest at rate or rates TO be de-
termincd pursuant to sale OF said
bonds. payable August l. 1852 and
semi-annually thereafter on February
Ist and August lst in each year. Both
principal OF and interest en- said bonds
viii be payable ct bank to be desig-
mated BY the purchaser subject to the
approval OF the Mayor and Board of
councilmen. and said bonds shall ma
tpre serially, without option of prior
payment, on February lst in each OF
the years as follows:
S 40 eoo0o in each of the years
le62 to 1906 inclusive;
S so 900 90 in each of the years
1867 to 1876. inclusive; and
Sl00 eco 90 In each of the years
1877 to 1906, 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.
1t 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 ard Board of Councilmen and
should plainly be marked Proposal
for School Bonds" and should be
fned with the City Clerk on or prior
to the date and hour hereinabove
named Each bid must be accompa-
MED by a cashiers check. certified
cneck. or exchange, payable to the
pascaroula Municipal Separate School
District in the amount of Forty Thou
sand Dollars $40 100000 as guar
antee that the bidder viii carry out
his contract and purchase the bonds
If his bid be accepted. If the success
full bidder fails to purchase the bonds
pursuant to his bid and contract, the
amount of such good faith check shall
oe retained by the Mayor and Board
Of Councilmen and converted into the
fund OF Pascagoula Municipal Separ-
ate School District of Jackson County,
Mississippi as iquidated damages Tor
such failare.
The Mayor and Board Of Council
men reserves the right to reject any
and all bids.
These bonds are offered subject tc
the unqualified approval OF the legal
ity thereof by the law firm of Charles
and Trauern;cht of St. Louis, Missouri
The District viii pay all legal fees and
will pay for the printing OF the bonds
and the cost OF the valuation OF said
bonds. Delivery Of the bonds will pe
made to the purchaser on or before
March i, 1862. at place to be deSlg-
mated 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. RIOS. Clerk,
Mayer and Board Of Coun-
cilmen of Pascagoula,
Mississippi.
SECTION 5. That the Clerk OF the
Board Of Mayor and Councilmen OF
the City of Pascagoula, Mississippi
shall obtain from the publisher OF the
aforesaid newspaper the customary
publishers affidavit proving publica-
tioI OF said notice for the time and
in the manner required by law and
such proof of publication shall De
filed in the Clerks office.
SECTION 6. That at the time OF the
sale OF said bonds. or at some appro-
pirate time thereafter, the Mayor ana
Board of Councilmen shall take such
further action as may be necessary
TO provide for the preparation, execu-
ton. issuance and delivery OF the SAID
bonds.
Councilman Vincent P. Ros seconded
the motion to adopt the foregoing res
-olutlon and, the question being put to
a roll-call vote, the result was as 1ol-
lows:
Mayor Ben L. Briggs Voted Yea.
Councilman Vincent P. Ros voted
yea.
Councilman Alvin H. Charlton Voted
Yea.
The motion having received the af-
firr1a tive vote OF all the members OF
the Mayor and Board Of Copncilmen
present. the Mayor declared the mo-
ton carried and the resolution adopt
ed. this the 21st day OF November,
1851.
BEN L. BRIGGS, Mayor OF the
CITY of Pascagoula, Mississippi
tOriginal Signed)
VINCENT P. ROS, Clerk. Mayor
an0 Board OF Councilmen OF the
City Of Pascagoula, Mississippi.
Original Signed)
STATE OF MISSISSIPPI
COUNTY CT JACKSON
CITY OF PASCAGOULA
I, the undersigned, Vincent p KOS
CLERK OF the City of Pascagoula, Mis-
sissippi. do hereby certify that the
above is true and correct copy OF
Resolution No. s28-l961, which was duly
adopted by the Mayor and Board OF
Councilmen of the City of Pascagoula
Mississippi, at regular meeting heio
on the 2Ist day of November, 1861, as
appears of record on the Minutes OF
said meeting in Minute Book No Al.
WITNESS MY HAND AND SEAL OF
the CITY of Pascagoula. Mississippi,
this the 2lst day of November, 1861.
VINCENT P. RIOS, City Clerk
SEAL At l2-l, 8, Is, %