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MINUTE BOOK No. 17, CITY OF OXFORD

MINUTE BOOK No. 17, CITY OF OXFORD

MINUTE BOOK No. 17, CITY OF OXFORD

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<strong>MINUTE</strong> <strong>BOOK</strong> <strong>No</strong>. <strong>17</strong>, <strong>CITY</strong> <strong>OF</strong> <strong>OXFORD</strong>is or materinls are s~litable for the 'Jrupose (if such ,ayments are not covered by an exoressc'Jntr::lrt); and (c) thD.t the amount 0-1" s:rh ayment is in acco>:'dance with the contract or is a reasonable, i~value thereof.<strong>No</strong>thinr, herein shall e construed as Jrohib'tinr: the payment without such certificateof the ex 'enses incident to the issuance of the bonds authorized hereb;r.The 9rovisions of thissection are h reby dec'ared to e a'art of the contract evide:,ced by the bonds authorized hereby.The term lI,roceeds rece "ed from the sale of the bords" shnl}, not include any sum representinr,premium or p-ccrued interest from the d:lte of s,-,id bo:td-s to the date of delivery thereof. An"sumso receivt.d for~nterestor iremium shR.ll be deposited in the Electric Interest and Bond RedemptionFund referrd to in Section 7 hereof.SECTION 14.That in the ado')tion of this ordinance, the City of Oxford reco,r:nizf's the"lrovisi.:-J s of an ordinance of said City er;titled "AN ORDIJ~ANCE AUTHOH.IL:ING AND Dl.i~CTING THE ISSUANCEOR .b..lliCTH.IC dEVENU.2; l3Oi~DS<strong>OF</strong> THE <strong>CITY</strong> <strong>OF</strong> OXFO,W, HIS3ISSIPPI, IN THE Pa.INCIPAL AMOUNT <strong>OF</strong> ONE HUNDREDTw"oENTY FIVE THOUSAND DOLilU;3 (

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