MINUTE BOOK No. 17, CITY OF OXFORD

HIIU:34K-TOM L. KETCHINGS co .. NATCHEZMINUTE BOOK No. 17, CITY OF OXFORDWBSEEAS, heretofor p , to-wit: on the 23rd of Octob r, 1956, pursuantto advertisement as provided by Chapter 325, Laws of Mississippi, 1946, theaforesaid bonds were awarded and sold to the highest and best bidder therefor, and;WHEREAS, the Mayor and Board of Aldermen of the City of Oxford do now findand determine that they are fully authorized and empowered to issue the specialstreet improvement bonds of said city in the amount and for the purposes hereinaboveset forth and that provisionshould be n:ade for the preparation, execution,issuance and delivery of the said bonds;NOW THMliF'ORE, BE IT RESOLVm BY TH.c.; :rv:AYOR AND BOARD OF ALD2PJvfEN CF THP'CITY OF OXFORD, :tv: ISSISSIPPI , AS FOLLOWS:SECTION 1. That, to raise money for the purpose of paying for the specialimprovements on Vivian Street in Ho-Ka Hills Subdivision in the City of Oxford,} ississippi, the cost of which improver.:ents are to be paid in whole or in part by theowner of property abutting to the proposed improvements, there shall be and therehereby are authorized, ordered and directed to be issued the negotiable couponspecial street improve~entbonds of the City of Oxford, Lafayette County,Mississippi, in the principal amount of Twenty Thousand Dollars ($20,000.00).Thesaid bonds shall bear date of November 1, 1956; shall be numbered from One (1) toTwenty (20), inclusive; shall be of the denomination of One Thousand Dollars ($1,000)each and shall be payable, both as to principal and intfrest, in lawful money of the,United States at The First National Bank of Memphi~, Memphis, Tennessee. The saidbonds shall bear interest at the rates shown hereafter, payable May1, 1956 and sE1l1i-annually thereaftEr on Novembfr 1 and May 1 in each year untilthe principal of said bonds, respectively, shall haVe: been paid.Inter ;st to accrueon said bonds on and prior to the respective maturity dates thereof shall bepayable upon presentation and surrender of interest coupons to be attached theretoand no inter0st shall accrue on said bonds after the respective maturity dates thereofunless said bonds shall bs presented for payment and be not paid.The said bondsshall n,ature without option of prior payment in the amounts and at the timesperfollowing and shall bear interest at the rate of the per cenVannum setopposite the respective bond numbprs, to-wit:BOND NUMB [iRS INTm~T RATE M',OUNT t/ATURITYP ill ANNUl,/;1 & 2, Incl. 3-~% $2,000 November 1, 19573 & 4, Incl. 3-~% $2,000 Noverr;ber 1, 19585 & 6, Incl. 3-~% $2,000 November 1, 19597 & 8, Incl. 3-~% $2,000 November 1, 19609 & 10, Incl. 3~% $2,000 Noverrber 1, 196111 & 12, Incl. 3 l % $2,000 Noverrber 1, 196213f& 14, Incl. 31[% $2,000 Novenber 1, 196315 & 16, Incl. 31% $2,000 November 1, 196417 & 18, Incl. 31% $2,000 Novenber 1, 196519 & 20, Incl. 31% $2,000 Nov;mber 1, 1966SECTION 2.That the said bonds shall be executed by the signature of theMayor of the City of Oxford, Mississippi, countersigned by the City Clerk of saidCity, under the corporate sPal of the said City.The interest coupons to be attached'-----------.~~-~~--~-~--~~-~~~---