MINUTE BOOK No. 17, CITY OF OXFORD

MINUTE BOOK No. 17, CITY OF OXFORDThen came on for consideration the matter of the is~uance of $10,000.00 of Bonds of the Cityof Oxford, Lafayette County, Mississippi, for the purpose of purchasing land for a cemetery,and improving and equipping the same and after a discussion of the matter and hearing evidenceon the subject the following resolution was introduced:A RESOLUTION DIRECTING THE ISSTJANCE OF $10,000.00 OF BONDS OF THE CITY OF OXFORD, LAFAYETTECOUt-TTY, MISSISSIPPI, FOR THE PURPOSE OF PURCHASING LAND FOR A CEMETERY, AND IMPROVING ANDEQUIPPING AND ADORNING THE SAME.Section 1. Be it resolved by the Mayor and Board of Aldermen of the City of Oxford,Mississippi, that proceeding under the provisions of Sections 3598-01 et seq., of theMissisSippi Code of 1942, and all amendments thereto, that the Bonds of the City of Oxford,Lafayette County, Mississippi, in an amount not to exceed the sum of $10,000.00 are herebydirected to be issued, the proceeds to be used for the purpose of purchasing land for acemetery, and improving and equipping and adorning the same.Section 2.That no election shall be held on the question of the issuance thereof forthe following reasons: (a) The amount of said bonds so directed to be issued is not in excessof $50,000.00 or 5 percentum of the assessed valuation of the City of Oxford, Mississippi;(b) This governing authority adopted a resolution declaring its intention to issue such bondson 17 December,19$6, which resolution was published in the Oxford Eagle on December 20 and27, 1956 and January 3 and 10, 1957 as required by law and no protests have been filed againstthe issuance of said bonds.Section 3.This board does find and determine that the amount of bonds directed to beissued, when added to the outstanding bonded indebtedness of the City of Oxford, MiSSissippi,will not exceed any statutory or constitutional limit of indebtedness.Section 4. That the Mayor and Board of Aldermen shall hereafter, by proper action,provided for the preparation, sale, execution and delivery of the aforesaid bonds.Alderman Sisk offered and moved the adoption of the foregoing resolution which motionwas seconded by alderman Hickman and the motion being put to a roll call vote received theaffirmative vote of all aldermen present and thereupon the Mayor declared the motion carriedand the resolution adopted.APPROVED:lsi Richard W. ElliottAttest: lsi c. P. FulmerCity Clerk