The chronicle., 1963-12-13

AOa
IN RE: LOAN IN ANTICIPATION
OF TAXES BY JACKSON COUNTY.
MISSISSIPPI.
The Board Of Supervisors Of Jack
son County, Mississippi, took up for
consideration the matter Of borrowing
a sum in the maximum amount Of
$3.50. 600. 90 in anticipation Of taxes as
authorized by Section 2926-13 Of the
Mississippi code Of 1912 and amend
ments thereto, and following a dis
cussion of the subject, Supervisor Ed
ward a.. Khayat offered and moved
the following resolution:
RESOLUTION DECLARING THE IN
TENTION OF THE BOARD OF
SUPERVISORS OF JACKSON COUN-
Try. MISSISSIPPI TO BORROW A
SUM IN THE MAXIMUM AMOUNT OF
s16o. 900. 90 IN ANTICIPATION OF
TAXES FOR THE PURPOSE OF DE-
PRAYING EXPENSES OF SAID COUN-
TY. AND ISSUING NEGOTIABLE
NOTES THEREFORE, AND DIRECT
ING PUBLICATION OF NOTICE OF
SUCH INTENTION.
WHEREAS, the Board Of Supervisors
does now find and determine that 1t
has become necessary to borrow
money in anticipation of taxes for
the purpose Of defraying the ex-
penses Of Jackson County, Missis-
sippi; and
WHEREAS, this Board has made due
Investigation and does now find and
determine that the estimated amount
to be borrowed is the maximum
amount of $3.50. 000.0 0 which amount
is in anticipation Of taxes for the
fiscal year of 1868, which taxes will
be collected in January, 1864; n
WHEREAS, sufficient sums are not
now available to the County to pro
vide for the payment of expenses Of
the County; and
WHEREAS, this Board Of Super
visors is authorized by the provision
of Section 2929-13 of the Mississippi
Code OF l942 and amendments thereto
to borrow non in anticipation OF
taxes for the purpose of d~efraying the
xpenses of such County, to issue
negotiable notes Of the County there
for to mature not later than April LIST
of the year succeeding the year IN
which such notes are issued, and pro-
vided that such amount of money
authorized to be borrowed shall not
be in excess Of $50 of the taxes col
lected and to be collected under the
last preceding annual tax levy for the
funds for which said money is Dor
rowed; and
WHEREAS, this Board OF Supervis-
ors having made due investigation
finds and determines that the sum
Of $3.50. 000.0 90 to be borrowed does not
exceed $50 Of the estimated amount
of taxes to be collected in Jackson
County on the Assessment Roll of 1863,
which taxes will be collected in jan
uary, 1864, and thereafter; and
WHEREAS, this Board Of Supervis-
ors does now find and determine that
it is necessary and in the public in
tereSt that said sum of money be
borrowed as hereinafter set forth:
NOW THEREFORE BE 1T RE-
SOLVED BY THE BOARD OF SUPER
VISORS OF JACKSON COUNTY,
MISSISSIPPI AS FOLLOWS:
SECTION /. That the Board Of
Supervisors of Jackson County, Mis-
sissippi, hereby declares its intention
DO borrow a sum Of money for said
County in the maximum amount of
$3.50, 000.O 90 in anticipation of taxes to
be received from collections on the
/ dSS6SSIu6Ib lOdu Vi t1C 4AOCdl yCHA Va
1868 for the purpose of defraying the
expenses of said County, part Of
which sum shall be borrowed in Jan
uary, part in February and part in
March, 1864. The Board of Super
visors shall pledge that such notes
shall be paid out Of the first money
collected by such taxes collected for
the fiscal year 1863 or shall pledge
49, fn~-- - c~anfoI 4o~ %n tAn
amount borrowed for use that year.
SECTION 2. That the money to be
borrowed in said amount and for the
purpose of aforesaid shall be autho-
rized and a meeting Of the Board Of
Supervisors to be held at 1000 Am.
on Monday, the 9Th day Of January,
1864, or at some meeting held subse-
quent thereto. If poo of the qualified
electors of said County shall file a
petition against the issuance OF said
notes, then an election on the question
of the issuance OF said notes and Dor
rowing of said money shall be called
and held rs provided by law. If no
such protest be filed, then notes shall
be issued and said money borrowed
without an election on the question
Of issuance and borrowing thereof.
SECTION 3. That this Resolution
shall be published once a week for at
least three 49, consecutive weeks in
The Chronicle. a newspaper published
and of general circulation in Jackson
County. Mississippi, and which is a
qualified newspaper under the provi-
sions of Chapter 427, Laws of Mis-
sissippi, 1913. The first publication of
this Resolution shall be made not less
than twenty-one (21) days prior to
the aforesaid date.
SECTION 4. That the Clerk Of this
Board shall be and is hereby directed
to procure from the publishers OF the
aforesaid newspaper the customary
proof Of the publication OF this Reso-
luton and to nave the same before
this Board at It's January, 1864, meet
ing.
Supervisor Lum CumbeSt seconded
the motion TO adopt the foregoing
Resolution, and, the question being
put to a roll call vote, the result wa
as fPllows;