MINUTE BOOK No. 17, CITY OF OXFORD

MINUTE BOOK No. 17, CITY OF OXFORD"a34K-TOM L. KETCHINGS co., NATCHEZNOTICE OF INTENTION OF THE MAYOR AND BOARD OF ALDERMEN OFTHE CITY OF OXFORD, MISSISSIPPI TO BORROW $8,000,00 FOROXFORD SEPARATE SCHOOL DISTRICT FOR THE PURCHASE OF LAND.~OLUTIONBE IT RESOLVED b.r the Board of Trustees of the Oxford Separate School District of Oxford,Lafayette County, Mississippi, as follows:-(1) That it is necessary to borrow the sum of Eight Thousand. and No/1OO ($8,000.00) Dollarsfor the purpose of purchasing the following described land for school purposes for said OxfordSeparate School District, to-wit:A fraction of City Lots No. 66 and 94 in the Northwest Quarter of Section 21, Township 8south, Range 3 West, City of Oxford, Lafayette County, Mississippi, as said lots are shown anddesignated on the Official Map and Plat of the City of Oxford, Mississippi, in use since June 6,1939, copies of shich Map are on file in the Office of the Mayor of said City and in the Officeof the Chancery Clerk of said County, being particularly' described as follows to-wi t: startingat the Southwest corner of the Northwest Quarter of said Section 2l} run thence East 462.9 feetto a point; run thence due North 68.6 feet to a point, which point is the point of beginning of theproperty herein described and is also the point of intersection of the North right-of-way line ofWashington Avenue and the East right-of-way line of the I111nois Central Railroad; run thencewith said North right-of-way line of Washington Avenue to a point in said right-of-way line whichlies South 76 degrees and 18 minutes East a distance of 234.9 feet from the point of beginning;run thence North 7 degrees, 34 minutes East a distance of 357.4 feet along a fence to a fence corner;run thence North 78 degrees and 35 minutes West a distance of 167.2 feet along a fence to a pointin the East right-of -way line of the Illinois Central RailrOad; run thence in a southernly directionwith the said East right-of-way line to the point of beginning (said point in the East right-of-wqly'ing North 19 degrees 34 minutes East a distance of 349.7 feet from the point of beginning);containiqg 1.6 acres, more or less(2) The maturity date and the amount payable on each maturity date should be the following,Two Thousand and NO/1OO (#2,000.00) Dollars, together with interest thereon, on the first dq ofJanuar,y 1959 and a like SUM of the first day of January, 1960, together with the interest ondiminishing principal, and on the first day of January, 1961, together with interest on thediminishing principal, and on the first day of January, 1962, together with interest on the diminishingprincipal.(3) That no funds are available in the School Funds of said Oxford separate School Districtor from any other source with which to make the parebaae of said land.(4) That the negotiable notes or certificates evidencing said indebtedness should bear interestnot exceeding four percent per annum on the diminishing principal.The above Resolution having been first reduced to writing, was read section b,y section, andthen as a whole, and, upon motion made by James Hartsfield for the adoption of said Resolution,and. seconded by D. H. Marchbanks, the mempers of the Board of Trustees of the Oxford SeparateSchool District voted as follows:THEREFORE, said Resolution was adopted.This the 1st day of July 1958.James Hartsfield, -~YEAD. H. Marchbanks, --YEAC. M. Murry,--------YEAO. D. Smith---------YEAW.W. East,----------YEAJames E. HartsfieldSecretaryC. M. MurryPresident Board of Trustees of Oxford SeparateSchool District.CERTIFICATE, I, C. M.MUrry, President of the Board of Trustees of Oxford Separate School District of theCity of Oxford, Lafayette County, Mississippi, certify that the above and foregoing two pages oftypewritten matter constitute a true and correct copy of the Resolution adopted b,y said Board ofTrustees on the lth day of July, 1958, as appears in the ~utes of said Board of Trustees in MinuteBook No 32, page 2.Given under my hand on this the lth day of July, 1958.C. M. MurryPresident Board of Trustees of Oxford Separate School District.~/-------------------------------------------------------------------I/