MINUTE BOOK No. 17, CITY OF OXFORD

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MINUTE BOOK No. 17, CITY OF OXFORD261ISI'IS4K-TOM L. KETCHINCS co., NATCHEZ(]fECK NO.25132514239723962393239424052515521952205221-34525652575258525952605261526252635264526552f,6526752355275526'5270527152725255527352741957 SPECIAL STREET IMP OOVEMENT BOND FUNDWilliam. H. Ivy - Engineering Services for SeptemberVo1z Construction Comp~1955 SPECIAL STREET IMPROVEMENT BOND & INTEREST FUND'\The First National Bank of MemphisInterestCollection ChargeBOND FUNDThe First National Bank od MemphisInterestCollection ChargeTAX WITHHELD FUNDFederral. Reserve Bank of St. LouisPublic Employees' Retirement SystemVETERANS HOUSING DEPOSITC. P. Fulmer - Petty Cash Refund of DepositSEWER CONSTRUGrIOH FUNDVo1z Construction Company - Certificate 10. 85,Estimate No. 11AELECTRICAL DEPARTMENTc. P. Fulmer (Rent September 1, 1956 to September 1, 1957)Petty Cash - W. E. WomackPayroll - September 30, 1957Bagwell Service StationHome Ice Comp8.D1'Elliott Hardware CODIPatlTOxford Auto PartsOzburn-Abston & Company, Inc.Tennessee Valley AuthorityF. C. Gable & CompanyGeneral Electric Supply CompanyStuart C. Irby CompanyTennessee Valley Electric SupplyWestinghouse Electric Supply CompanySouthern Bell Telephone CompanyState Motor Vehicle ComptrollerJ. H. ManselWestern Auto Associate StoreSafety-First Products CorporationRebel Olevrolet CompanyUnited Gas CorporationBoyce G. Bratton, Sheriff - Tags for Electric Dept. TrucksTax Withheld Fund - C. P. FulmerStandard Oil CompanyAMOUNT570.008,620.28606.55603.752.80682.30680.002 • .30596.92200.1416.0015,955.171,260.00 .40.002,529.802.9510.007.357.611.626,4)4.81245.0043.00237.8049.78145.0034.552.0032.641.8769.508.612.3824.00396.671.85C. P. Fulmer, TaX Collector, reported to the Board that there had been a double collection oftaxes on ?art Lot 44, 28-6-3 owned by James H. Park. Mr. Park paid on receipt number 336 andReid-McGee and Company paid on the same property on receipt n~ber 786. Motion was made byAlderman Hickman and seconded by Alderman Roberts and passed that Reid-McGee and Company berefunded $118.80, this being the amount paid on Receipt number 786.It came to the attention of the Board that J. R. Adams had purchased the North 232 feet of 320feet of the property having Special Improvement tax on Part Lots 105 and 106 21-8-3 on North 9thStreet formerly owned by and assessed to J. H. Morris, with a principal balance due of $1,026.70and by request from Mr. Adams, motion was made by Alderman Hickman and seconded by AldermanLovelady that said assessment be divided as follows:J. R. Adams - Part lot 105J. R. Adams - Part lot 105 & 106J. R. Adams - Part lot 106J. R. Admns - Part lot 10667.4 feet82.3 feet82.3 feet88 feet$216.25264.05264.05282.35
12"" ( i) {""2""I " ...IMINUTE BOOK No. 17, CITY OF OXFORDA RESOLUTION OF THE MAYOR AND BOARD OF ALDERMEN OFTHE CITY OF OXFORD, MISSISSIPPI, TO ISSUE PROMISSORYNOTES OR CERTIFICATES OF INDEBTEDNESS OF THE CITY OFOXFORD, MISSISSIPPI, IN FAVO~ OF T. E. AVENT IN THESUM OF TEN THOUSAND DOLLARS, TOGETHER WITH INTEREST,IN PAYMENT FeR LOTS NUMBERS 81 TO 144, INCLUSIVE, OFAVENT ACRES SUBDIVISION IN THE CITY OF OXFORD,MISSISSIPPI, PROVIDING FOR DATE OF PAYMENT OF SAIDNOTE AND INTEREST, AND PROVIDING FOR LEVYING OFADDITIONAL TAXES, AND PROVIDING THE DATE WHEN SAIDNOTES OR CER'l'IFI CATES OF INDEBTEDNESS WILL BEDELIVERED*********At the regular September 1957 meeting of the Mayor and Board ofAldermen of the City of Oxford, Mississippi, a Resolution was passed to theeffect that it is necessary for said Mayor and Board to issue promissory noteor notes, or certificates of indebtedness of the City of Oxford, Mississippi,in the principal sum of Ten Thousand and No/100 ($10,000.00) Dollars, whichrequires unusual outlay of money which said City does not have in its GeneralFund, and that it was the intention of said Mayor and Board to issue promissorynote or notes, or certificates of indebtedness of the City of Oxford, Mississippi,in said sum, payable to T. E. Avent, for the purchase price of Lots Numbers 81to 144, inclusive, of Avent Acres Subdivision in the City of Oxford, Mississippi,all of which, except Lots 81 to 92, inclusive, is to be used for cemeterypurposes.That said note, notes, or certificates of indebtedness should bearinterest at the rate of three percent per annum on the diminishing principal,and that said interest should be paid annually.That said indebtedness should be evidenced by promissory note, notes,or certificates of indebtedness, and that the principal sum of One Thousand andNo/1oo ($1,000.00) Dollars, together with interest on the diminishing principal,be paid annually over a period of ten years, the first principal payment togetherwith interest to be paid on the first day of September, 1958, and a like principalpayment, together with interest, as aforesaid, be made on the same day of eachand every succeeding year thereafter until said principal and interest are paid;and that the Mayor of the City of Oxford, Mississippi, and the Clerk of thisBoard be authorized to execute said note, notes, or certificates of indebtednessfor and on behalf of said City of Oxford, and deliver the same to the said T. E.Avent.That such additional taxes as may be needed to discharge said indebtednessbe levied on the taxable property of the City of Oxford, MiSSissippi, to pay saidindebtedness, together with interest.\
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MINUTE BOOK No. 17, CITY OF OXFORD

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