The chronicle., 1963-11-15

the adoption Of the following reselu-
ton:
A RESOLUTION TO DrKEcr TIE
SALE OF $50, 0o0.o BONDS OF THE
CITY or MOSS POINT, MISSISSIPPI.
FOR THE PURPOSE or CONSTRUCT
ING A TWO : MILLION : GALLON
WATER STORAGE RESERVOIR.
BE TT RESOLVED by tine Mayor ana
Board OF Aldermen OF the city OF
Moss Point, Mississippi. M follows:
SECTION 1: That the City OF Moss
Point. Mississippi. ~ nov authorized
and permitted 70 sell the $780, COO 90
bonds Of the city OF Moss Point, Mis-
sissippi. for the purpose OF construct
ing q TIVE . million = gauon grouno
water storage reservoir. without an
election. and that said bonds be Of
fered for sale TO the highest bidder
therefor on November 10. 1882
SECTION .: That said bonds shan
be sold on sesied bids "a pc filee
with the City Clerk at Ms oliise ~
the City Hall In the City Of MOSS
Point. Mississippi. at o before the
hour OF TOO O'Clock PM, on tho
aforesaid date. each bid to be accom-
panied By . cashiers check, Certified
check. or exchange. payable 70 me
city Of Moss Point. Mississippi issued
or certified by . bank located IN tne
state oil Mississippi. In the amount OF
One Thousand Dollars tf.000.0o) ms
a guarantee that the bidder will carry
out his contract and purchase the
bonds II his bid Is accepted. III .
suecessful bidder fails TO purchase u
honda pursuant 10 his bid and contract,
the amount OF such good faith cheek
shall be retained by the City OF MOSS
Point. Mississippi, and paid into the
city Treasury as iiquidAted damages
for such failure. The Mayor and Board
Of Aldermen reserve the right 70 re-
rect any or all bids submitted. u
IL all bids are rejected TO sell ss@d
bonds at private sale st any ZINE
within sixty (sol days after the oste
advertised for the receipt OF bias. ~
q price not less than the highest DIG
which shall have been received iof
said bonds nj such advertised saie.
Section ,. That bidders Tor SAla
bonds be requested 70 cesisnese N
their bids the price they will pay soT
bonds bearing Interest at . rate or
rates. not exceeding three ~ dr.
ferent rates, likewise 70 re designated
in their bids. provided. however. thai
all bonds Of the same maturity shall
bear interest ut the same rate, when
shall be . multiple Of cne-eighth OF
one per eentum as OF ~ or one-
tenth Of enc per centum tl/ls OF iss)-
No bond shau pear interest ~ more
than one ID rate. and my bid viii
be rejected which specifies s~upplement-
al, detachable interest coupons 70 Be
attached to said bonds.
Section &. That, as Recuire% w
Chapter 375, Laws Of Mississippi. isAss
the City Clerk shall be and 10 hereby
authorised and direeted 70 give notice
Of the sale OF said boads BY publie2-
ton at least TIVE tal times In the
Chronicle, Q newspaper published In
Jackson County. Mississippi; the first
publication 70 be made at least ten
tlol days preceding the date eat for
the receipt Of bids. and such Haties
TO be In substantially the following
form:
NOTICE OF BOND SALE
s~5e,0Ne.N0
WATER STORAGE REsEayesR ReNDS
ef the
CITY or MOSS POINT, MISS.
Sealed proposals VIII b received BY
the Mayor and Board OF Alder1sn o.
the City Of Moss RciRt, Mississippi. st
the ClLy Ha1 IN SA1Q Lltys uAbAa ~
hour OF Y:0o o'cloek PM, On Tues
day. the 18th day Of November. 1885,
at which time said bids viii Be publ
ely opened foF .he purchase. at not
less than par and accrued interest. q
the aboYs bonds OF said City.
said bonds are to bear date ef JaRu-
airy l. 1864. are 70 b OF the denonzi-
nation OF ts,ooe.ee e@eh, and shall bear
interest st o rate or raise 70 he
determined pursuant 10 sale 81 said
bonds. payable July l. 1864 ard SEMI
annually thereafter On january I. END
July l. In each year. Both principal Of
and interest on said bonds viii be pay
able 1t . place to be designated BY
the purchaser. subject to approval By
the Mayor and Board Of Aldermen. and
said bonds shall mature se-islly on
January ! tn each Of the years ss fol.