MINUTE BOOK No. 17, CITY OF OXFORD

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410MINUTE BOOK No. 17, CITY OF OXFORDyears urio'" to the iss':a'lce 0: ""h ariciitio"ill bone:s 5':3.1'. have beto or e~,'ceed~:1~ tht: '~'::Jtal)f the follov:i.ng:nounts: (a) l2UjG of the f;re'ltest '1('0 tit thatamount '1\', :.cL ',,;ill cO:'1e c~uein an;}" I'iscal year ,5 pri;,cipal of' ,,;.nd interest m: such :lela:t 1o:':alcitel'e:n c ne th:lt the actual net reven,es of the el" c,ric r;eneratin"" s:";tel for the 'Iast t'ree(3) co r;lpletec fiscill Jears prior to ,he ciD,te of the a,dotio:;, of t'-:is orcii.~lCl'~Ce Here as fol' O1.';S:June 30, 1955J;11e 30,1956J u e 30, 19')7:~53 ,3"8. li354, :1.1.6 • 09r;3,'~7l,11and\:Hi~=mAS, t'ie :wera -e annua.l net i'eve:~ues of STili s;rste +'01' trle said three (3) ,',e:lrS( : 5'~ 50" 57 \ 1.~ .-',. 7 :. ;; an (ana:,nter,st on the il£'ores;iid oU.ts "anciing borcds is l.] :."etee~Thousand, Threo "nncired Linety-Lve Dol Cl2SU19,395.00); iLr'd... ~-IIFour Hundred Ei£3;ht, Dolhrs (,p33 ,40.'3); a.ndthree co' plete Fiscal year" Drl..;)l' to the date of the arioYJtion ,Jf Vlis o,'diance, afte' ed:c :,~onof l2Q'b of the greate:1t a'o','nt t'\ct "[ill hereaft.'r co'e due a:o pr'LrlCi al of ano :.ntere-t on theafores":. outstanding boncb in D,ny fiscal ye:lr Su)s(3(11'mt to the issueccpce of the ac1cFtlor:al;Jored" here :rnl'ter pro ide,l for, 1)lus l2Q0 of the reatest ,'1:T.()lmt vi"'ich v;ill herel~ter co::e (~uein 'l'ly fLscal ,ear=lC' princip,:ll of in;] :nter(~st o)~ the c,cicEt i0r:al)onr:s 'lere·nJ.fter directedto ,)e ~ssLlel;andissuec on D, p3,~'it~· with a,nel may :)e sec 1 lJ":;cl Ln li ce manner and to s:me extent
iII~ (- U .... K-TOM L. KETCHINGS co .. NATCHEZ, ~------.---------------MINUTE BOOK No. 17, CITY OF OXFORD411idistribution ::;Jstem of s' id City, in acc:ordance with the plans and snecifications therefor ':1eretofore'--- adopted and in accordance Vli.th the nropositton SU~ynittpcl to the electors of said Cit," atthe ela tion held, a,3 stated in the preamble h',reto. The sTid bonds shall bear dat- of h..,y 1,195'j sh!J.ll bear int ,re t fro." the date thereof at the rates Der annU>Tl'!hereinafter set forth,payable NO'.e!:l:;er 1, 1958, and semi-annually thereafter on l"~ay1 and 11iovember 1 in each ;-earuntil the principal of said bonds, respl~cti ely, sh'lll ha'.'e beeL fully naid. 1nter,~st to accrueon said bo'ds on and prior to the respectie maturity dates thereof shall :iea;:'able nDon nresentationand surrender of interEEl;, ':OUDons to be attached to said bonds, and no interest shall accrue onsaid bonds ai'ter the r,~sl')ective':laturLty dates t'ereof unless said bonds be duly presented fornayment at mat!lrit~! and be"not then paid. The said bonds sh.ll be of the denomination of OneThol)sand Dollars (~~1,000)each; and shall l)e payable, )oth as to pri_ncipal anel interest, inlawful money of the United States of A:erica at the office of First National Ban'( in the Cityof Jackson, State of hississippi, and the said )onds shall be nU':lbered and shall :nature inthe amounts and at the times followinp"to-wit:BO~lD l·lU·1BERS ;:illTE OF J:HTKiEST AHOllNT i·lATUR1TY1 to 14, incl. 401 /0 $14,000 Ha~- 1, 1961II15 to 29,L.~1,000 May 1, 1962II30 to 45, 40[1° 16,000 May 1, 1963II46 to 62, ~-J../ /~ 17,000 :by 1, 1964II63 to 79, 2-1/2 /0~1 17,000 May 1, 1%5~o to 102, II !2-3/h 1:0 21,000 MaJ '.,1766103 to 125, II 2-3/4 0.1 /023,000 ~'.fa~.r 1, 19;)7126 to 149, II 2-3/4 c;;' /0 24,000 V" 1
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