MINUTE BOOK No. 17, CITY OF OXFORD

412MINUTE BOOK No. 17, CITY OF OXFORD\SlliC';'lUC Dlr:,nF3~;T 10, S~,'S1'E:l 'LEVFXUE B,l;'D3;:;;\'E~) 195 ,7:1\:0. :.,:1,000The cit~r of Oxford, a mem CiP21. coroorati,oY' r:reatecl and cx:LstLn uLder the L'HvS ofthe Sta Je of l'lississippi, itscl:' indo~,~, ..-'_L for T,llle rcce '_ ec:.,topay to ')e,lTer, sole1:'/ fro:n the re 8':Ues ;,0,e C:eri'.,ceci fro'TI the oDeration of its elect-ricdistri,mt· on s. sL)m, 0:1 the f :rst day 0 ~ ~'laJ, 19 ___ , the pr~nicp(ll SUi'l ofOLE T! ,OUSA:m DULLh.:1S($1,000), to~ether with interest thereon frOll the date hreof at the :rate ofaccruing on tfuis 'Jonci Ol: and 1Jri..or' to the 'atu~'Lt;! elate hereof s~all be "a~"J)le npon ~)res·~nt,'ltionhe eon at t e rate 'rle:."einabove ~'3pecifi8(;until this :0" d "le 'laid.~30thDrincirJal of and i,ntere::t on this houl arc rJayi.wle in linrful ';10'C,'7 of t'18 Unitedstates of America ;1\:' The First ,qLi~'nCll Dank i,n t;le Cit, of Jacson , State of .:i.S;3i.Sf;i,p'li.The rL~h',is reserved l);,to the Cit:r of OxfDrd, at its option, to call in, nay, andredeem bouls n 11rnfJereci Eighty('jO) to Two dunct:'ed (20U), incluT',"e, of the issue of .. !hich thishO"Q is one, in the lnv':!rse order 0" t"c3ir :1ubers, at "ay' and accrueci, i.nt'2rest ,)luspremiumof ~20.00 :.)er l)ond) on ~~a:r 1,1965, or on a:w i):t'~r8'~t pa,rent date V1ereafter prior to :natur~tyadvance of the (b.te upon whie:; s"cL bond:;, or any t~ie)'eof,arc to be so l' 'de :,·[eo.This '00;;0 is one of a~ :lUt::~orized ';ssue of t" '0 ;lvi',dred (:~OO) bonds, all of li:'::e date,tenor, and effect, except as to r'ate of interest, date of \,J,t'~rit:/,and pro"isior. "or re enntio"'1Dr' ncipa.l Sllffi of T',·ro Hundred 1'1011S[11')(1 Dol1:trs ($:00,000), issued for the p',rnose of'a:,'~n;7thecost of e111arc;;n,c;,;;1:provi~, anc ext,~ din::; the elec ric dis~~rib :tLo: S,rste:l 01' said Cit· ofOxfo;':', anci is issuer; purs;l'il1t to the Constitut'ion a:ld LU 1 rJ;, of the State 0" ~~is:3i5'ip~i,to reso1 t 'ons and orciinanc~3sof the Hayor and 30a:::< of A Ide "men of the City of O::fo:;:'o., andfor that ;Jl1rl")S; ,- the 1St,· da..J )f April, 19 ". This~) 'nd clOGS ;lOt cO'lstU 11te an ~r,c;,ebted"essof said Cit,: IrLtlLn the me'Jl1i,n;~of iliW st'J.tntory or c::,lrter restr"et,io)r, li 't3.tiY, orto principal or interG~t.The C 'tJ of Oxfo~'d coven:v-d~s :lliC: agrees that it \'1:;,11 ap:ly the nroceeds of the 3~;r esI....)or