The chronicle., 1963-11-04

NO. 1858
RESOLUTION DECLARING THE
INTENTION OF THE MAYOR AND
BOARD OF ALDERMEN OF THE
CITY OF MOSS POINT, MISSIS-
OF THE CITY OF MOSS POINT,
TO RAISE MONEY FOR THE PUR-
POSE OF CONSTRUCTING A
1000, 000-GALLON GROUND WA
TER STORAGE RESERVOIR.
WHEREAS, the Mayor and Board
of Aldermen of the City of Moss
Point have found and do determine
that 1t Is necessary to erect a 2,OO0,-
o00-gallon ground water storage
reservoir: and
WHEREAS. the Mayor and Board
of Aldermen of the City of Moss
Point have found and do determine
that the cost of erecting said water
storage reservoir will be approx
mately S72, 0O0.0o and
WHEREAS, the Mayor and Board
of Aldermen of the City of Moss
Point have found and do determine
that the City of Moss Point does not
have sufficient funds available with
which to so erect said water storage
reservoir and that it will be neces-
sary to borrow money to defray
part of said cost of erecting said
water storage reservoir under the
provisions of Chapter 493 of the
General Acts of Mississippi Legisla-
tive Session of 1850: and
WHEREAS, the Mayor and Board
of Aldermen of the City of Moss
Point have found and do determine
that ii will be necessary to borrow
$50, 000.0 under the provisions of
Chapter 493 of the General Acts of
the Mississippi Legislative Session
of 1850; and
WHEREAS. the Mayor and Board
of Aldermen of the City of Moss
Point have found and do determine
that the borrowing of $50. 900. 90 will
not exceed five percent (5%) of the
assessed valuation of the taxable
property within the City of Moss
Point; and
WHEREAS, the Mayor and Board
of Aldermen of the City of Moss
Point have found and do determine
that the issuance of the bonds in
the sum of $50, 0O0.0 90 when added to
the outstanding indebtedness of the
City of Moss Point, a. determined
under the provisions of Chapter
493 of the General Acts of the Mis-
sissippi Legislative Session of 1850,
shall not exceed ten percent (10%1
of the assessed valuation of the tax
able property within the City of
Moss Point according to the last
completed assessment for taxation
and that the issuance of said bonds
In the sum of $50, 000.00 for the a.
foresaid purpose when added to the
outstanding bonds of the City of
to the provisions of Chapter 493 OF
the General Acts of the Mississippi
Legislative Session Of 1850. will not
cause the bonded Indebtedness of
the City of Moss Point, both bonded
and floated, to exceed fifteen C15%)
percent of the assessed valuation of
all taxable property within the City
of Moss Point; and
WHEREAS. the Mayor and Board
OF Aldermen of the City Of Moss
Point, under the provisions of Sec
ton z of Chapter 493 of the Gene
raj Acts of the Mississippi Legisla-
tive Session of 1850, during the past
IL months have not issued any
NOW, THEREFORE,. BE TT RE
SOLVED that the Mayor and Board
Of Aldermen of the City of Moss
Point do hereby declare their in
tention to issue bonds of the City
of Moss Point in the sum of $780,
10000 to provide funds for the pur-
pose of erecting a 1000, oO0-gallon
ground water storage reservoir for
the City of Moss Point at their re-
gular meeting to be held at TOO
pm, on November 5th, 1868, at the
City Hall of the City of Moss Point,
without calling an election for the
issuance of said bonds unless prior
to said date twenty percent (20T)
of the qualified electors of the City
OF Moss Point shall file written pro-
test against the issuance of said
bonds on or before said date, In
which case an election on the is
suance of said bonds shall be called
and held as provided by law.
BE TT FURTHER RESOLVED that
a copy of this Resolution be publish
ed once each week in the Chronicle
Star, a newspaper published in the
City Of Pascagoula, Mississippi, hav-
ing a general circulation in Moss
Point. Mississippi. said Resolution
to be published on October IL. 81,
OF same to be posted for at least
twenty one (z1) days preceding
November 5, 1868 at three public
places In the City Of Moss Point.
The above and foregoing Resoiu-
ton was on motion of Alderman
Lander, seconded by Alderman Rey-
nolds, adopted on the following
vote:
Alderman Ardoin, Yea
Alderman Reynolds, Yea
Alderman Prassenos, Yea
Alderman Lander, Yea
Alderman Turnage, No
The Mayor declared the motion
carried and the Resolution adopted.
Arnold Pierce, Mayor of the City Of
Moss Point, Mississippi
ATTEST:
T. J. Dickson. City Clerk
STATE OF MISSISSIPPI
COUNTY OF JACKSON
CITY OF MOSS POINT
I, r. j. DICKSON, Clerk Of the
City OF Moss Point, Mississippi. do
hereby certify that the above IS .
true and correct copy of 2 Resoius
ton duly adopted by the Mayor and
Board of Aldermen of the City of
Moss Point, Mississippi, as shown on
the Minutes of said City OF Moss
Point in my possession.
WITNESS MY HAND and the
seal of the City of Moss Point, Mis-
sissippi, this the 10th day of Octo-
Der, AID, 1868.
T. J. Dickson, City Clerk
SEAL
At 1914, 81. 10. ia
No. 1851