MINUTE BOOK No. 17, CITY OF OXFORD

--_..__.t= --.•.. -78MINUTE BOOK No. 17, CITY OF OXFORD(RLGISTRATICN AND VAT..JIDATION ~iRTIFICAT ;;.)STAL; CF }C.ISSISSIPPICCUNTY CF LAFAYi.::TTfSSI, C. P. Fulmer, City Clerk within and for the jity of Oxford in LafayetteCounty" Hississippi, do hereby certify that the within bond has bern registered inmy office in a book kept for that purpose, as provided by law.I do further certify that the within bond has been validated and confi~ed bya decree of the r;hancery Court of Lafayette County, Hississi1=pi, rendered on theday of , 1956.City ClerkS.::::GTION 3.That, in order to provide for the pa,YILent C'f the aforesaid bondsand the inter, st thereon, there shall be rr:ade special assessrrents on abutting propertyowners for their pro rata sriare of said ST 3cial irrproven ents and that in additionther;to there shall be and there is hereby directed to be levied and collected,at the SORe tin,8 and in the same manner as oth I' taxes of said City are levied andcollected, a direct, continuing, annual tax upon all taxable prorerty within theboundaries of said city sufficient :'n amount to provide for tLe pa,'yTent of theprincipal of said bonds and tht; interest thereon as the sarre matures and accrues,allowing for srecial assessIcents to be lev ied on a bbutting rroperty owners fortheir }:To-rata share of th costs c:f said special improverents. It shall b·:; theduty of the tax levying anthori ty rf said City in r~achyear while any of thE:; bondsissued shall remain outstanding and unpaid, without any further direction orauthority, to levy and colle:ct the taxes herein provided for, and the rate oftaxation to be levied each y"-~ars:hall bf.' sufficient, after !Taking allowancesfor delinquincies in the r:ay" rnt of taxes dnd the costs of coll cction to providethe sums required in each year for the payment of said interest and principal.ShC'uld there be a failure in any year to comply vith the requ~rer:entsof thissection, such failure shall not imrair the rights of tho holders of any of saidbo~dsin any subsequent year to have adequate taxes levied and collected to meetthe obligations of the bonds herein authorized to be issued, both as to principal andinterrst.S!':CTIC~J 4. That the procl? odings had incident to the issuance of the bondsherein authorized shall b(~subrritted to validation under the rrivisicns of Title18, Chapter 1 of the Fississippi ('ode of 19/+2, and to that end the Sity Slerk shallbe and he is her'::by authorized and instructed to rLake up and to certify to theState's Bond Attorney a full and cOIEpletc transcript of procpedircgs and otherdocu:r.:ents in relation to the authorization and issuance rf said bonds.