MINUTE BOOK No. 17, CITY OF OXFORD

)~~------------~----------~~MINUTE BOOK No. 17, CITY OF OXFORD473H Lal'Z34K-TOM L. KETCHINGS co., NATCHEZOxford, Mississippi, there shall be, and there are hereb,yauthorized,ordered, and directed to be issued the negotiable notes ofthe Oxford Municipal Separate School District of the City of Oxford,Mississippi, in the principal sum of $11,500.00. The saidnotes shall bear date of September 3, 1958, and shall be numberedfrom one to five, and each bearing interest at the rate of ~% perannum from date until paid, and shall be payable, both as to princi­P2~ and to interest in lawful money of the United States of Americaat the office of the Municipal Clerk of the City of Oxford, Mississippi.The said notes shall b ear interest from date thereof, ata rate not exceeding four per cent (4%) per annum, such rate to bedetermined pursuant to the sale of the notes, payable annually onSeptember 3 in each year at the office of the Municipal Clerk ofthe City of Oxford, Mississippi. The said notes shall be executedby the signature of the Mayor of the City of Oxford, Mississippi,and shall be countersigned and attested by the Municipal Clerk ofthe said municipality, who shall affix the seal of the municipalityupon each note, and the said Clerk shall register all of the saidnotes in a book kept for that purpose by him in the said MunicipalClerk's office. The said notes shall mature, without option orprior payment, on September 3rd in each of the following years, andin the following amounts, to-wit:NOTE Nll1BER AMOUNT MATFRITY1 $2300.00 Sept. 3 2 19592 2300.00 Sept. 3 2 19603 2300.00 Sept. 3 2 19614 2300.00 Sept. 3.z 19625 2300.00 Sept. 3 2 1963NOTE NO.SECTION 2. That the said notes shall be in substantially the followingform, to-wit:1UNITED STATES OF AMERICATRANSPORTATION EQUIPMENT NOTEOXFORD ~TICIPAL SEPARATE SCHOOL DISTRICTOF THE CITY OF OXFORD, MISSISSIPPIOXFORD, MISSISSIPPISeptember 3, 1958$2300.00FOR VALUE RECEIVED, Oxford Municipal Separate School District of Oxford, Mississippi,hereb,y promises to pay to T. E. Avent, or order, on the 3rd day of September, 1959, thesum of Twent Three Hundred and No 100 (2300.00) Dollars, together with interest thereonat the rate of three and one-half per cent ~ per annum from date until paid, uponpresentation of this note to the Municipal Clerk of the City of Oxford, Mississippi. Theinterest on this note shall be payable annUally on the 3rd day of September of each yearhereafter upon its presentation to the aforesaid Municipal Clerk for the purpose of havingsaid clerk credit on the back thereof the aforesaid annual interest.This note is one of a series of five notes of like tenor and amount, aggregating thesum of $11,500.00, issued by the governing authorities of the City of Oxford, Mississippi,for said municipal separate school district, under the provision of Chapter 15 and Chapter18, Laws of Extraordinary Session of 1953, in evidence of the said sum of $11,500.00borroN'ed by the said governing authorities of said school district; and tote used by saidBoard of Trustees in purchasing motor vehicles and other school transportation equipment,and to provide for the servicing and rep~rof such district-owned motor vehicles, or otherschool transportation equipment, and to establish, erect, and equip school bus shops orgarages, and purchase land therefor, and said money was borrowed and said notes were issuedpursuant to an order of the governing authorities of said municipality duly and legallyadopted on the 2nd day of September, 1958.ii"---In accordance with said order, the governing authorities of said municipality havecaused this note to be executed in the name of the Oxford Municipal Separate School Districtof the City of Oxford, Mississippi, by and through the signature of Pete McElreath, Mayorof the City of Oxford, Mississippi, and the countersignature of C. D. Malone, Jr., MunicipalClerk of the said municipality, and the seal of said city tobs hereunto affexed, on this the2nd day of September, 1958.